For all those who are planning to sell their home, there is no set timing for how long it takes for a home to sell. Some sellers may find a buyers in just a few days, while others may keep on struggling to find the right price. It will all depend on the real estate market in the area where your home is located as well as the condition of your market. Sometimes the way you market your sale can also impact how quickly you can connect with prospective buyers. Nonetheless, it is always difficult to specify a time frame for this purpose, the most you can do is estimate, depending on your unique case.
How long will it take to sell a house on contract?
The first step for selling your house is to list it with a real estate agent, who can then put it on a multiple listing service for other real estate agents to see. Then the market will dictate how long you will have to wait for a buyer. It could be days, weeks or months. However, once you have found the right buyers willing to pay the right price, you can get your house under a contract in approximately three weeks.
What can be a possible delay in selling your house?
Sometimes little mistakes or the lack of basic foresight can lead to a delay in selling your house. A few of them are mentioned below, for you to learn about and avoid in the future.
- The higher your house is priced at, the more time it will take to sell. A high price an add months to your selling time, and especially when you have not done proper research before setting a price cap. A great advice would be to check whether your home’s listing price is similar to other houses in your neighborhood.
- Also, not getting your house listed with a real estate agent in an attempt to save money, can sometimes cause you a lot more by delaying your sale.
- A hurdle in the contract can be one of the most common reasons for the sale to get delayed or canceled. Whether it is the buyer’s loan not being approved, or an unknown problem that has scared away the buyers after an initial inspection, you must always be prepared for such delays.
- You must always remember that it is easier to sell a home that is completely done and ready to move in, rather than the one which needs loads of repairs. Too many repairs might scare most of your potential buyers, except if he or she is some property investor. Perhaps getting a few done before you put your house on the market will be a great idea. However, getting into a huge renovation project may also not be a smart idea. Always get an inspection report done before you embark on any project. Moreover, make sure the contractors that you choose for these repairs are the right ones, and they do not take longer than it is intended.
Thus, the key to selling your house faster is perhaps ensuring that the flow of information from the seller to the buyer, and vice versa is quicker and more efficient.
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