Over five million homes were sold in America in 2018.
Even with this amount of trade in the market, however, selling a house isn’t always easy. It can sometimes take a considerable period of time to secure a good deal on your home.
So, exactly how long does it take to sell a house? Read on to find out.
How Long Does It Take to Sell a House? Factors to Consider
As almost the entire world learned in 2008, the property market can be very fickle.
If demand is poor in your area, you may just have to wait for better times to come. Unlike other points on this list, there’s nothing at all that you can do to improve market conditions.
If you simply can’t find a buyer for your house due to unfavorable market conditions, and you desperately need to get it off your hands, you have options. When selling a house to a cash buyer, you can often finalize a sale within seven days.
The law of demand states that as price rises, demand falls. If there’s no interest in your house, it may simply be that you’re valuing it too highly.
Compare your property to similar houses in similar areas. If you’re looking for a lot more than what they’re going for, you might struggle to offload your house quickly.
If you really need to sell your house fast, you might have to consider offering it for a price that’s below its market value.
This is an industry term that basically refers to the attractiveness of your property to passersby.
You might not think that this would be such an important consideration. After all, a home buyer is surely more interested in what’s inside a house than how it looks from the outside, right?
Well, yes and no.
Real estate can sometimes be a numbers game. Your chance of finding a buyer is much greater if twenty people view your house rather than five.
To attract some more attention, have your house looking its best.
Unfortunately, there isn’t a whole lot you can do about your neighborhood, unless you live in a mobile home!
The fact is that people want to live in nice surroundings. If your house is in a bad neighborhood, you might struggle to sell it no matter how well it’s looking inside.
Selling Your Home Fast
So, how long does it take to sell a house?
Unfortunately, there is no clear answer to this question. Sale times vary widely; however, 50-70 days appears to be a rough average across the country.
If you’re selling your house, try to manage the factors listed above to your advantage. Clever interventions on your part might be the difference between your house sitting on the market for months, or being snapped up straight away.
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