Oct 9, 2019
Deciding to put your house up for sale can be a nerve-racking decision.
It’s easy to begin worrying that your home might not attract a lot of interest and that it will simply sit on the market for months on end while you put the rest of your life on hold.
That’s why it’s completely natural to wonder how long it takes to sell a house.
According to Zillow, it takes an average of 68 days to sell a house.
However, that’s not necessarily a good target to aim for when selling your home.
In fact, you can easily sell your house much faster if you understand which five factors are most important.
Not surprisingly, how much you’re asking for your home will play a big role in how fast it sells. Ask for too much and you’ll be lucky to sell within 68 days. Price far below your home’s market value and you could sell within a week.
This is why a proper valuation of your home is so important. While tools like Zillow Zestimate can often give you a ballpark figure, when you’re serious about selling, you'' want to get a professional home valuation from a real estate agent who can help you make an informed decision about a realistic and competitive price for your home.
Generally speaking, the longer your house stays on the market, the worse it looks to potential buyers and the more you’ll have to drop the price to generate interest. Better to ask for a bit less than what you think it’s worth and let interested buyers bid against each other to bring the price back up and sell your home quickly.
One of the main reasons it’s so difficult to accurately say how long it takes to sell a home is because the condition of a house makes all the difference.
That’s not to say that you can’t sell your house “as is”, it’s just that you have to then price it appropriately. If it needs new plumbing, but you’re pricing it inline with the market value of comparable homes without the same problems, it’s probably going to take a lot more than 68 days to find a buyer.
Still, even if your home is in great condition, there’s a lot you can do to make it look even better when potential buyers come to visit:
Obviously, there’s not a whole lot you can do about your home’s address, but everyone knows how much location matters when you’re trying to sell.
So, while you can’t change where your home is located, again, you can research comparable home prices in the area and list yours for a similar amount.
Consider the national and local real estate markets, too.
When it’s a seller’s market, you can expect to ask for a bit more and still see your home attract buyers quickly.
That’s not to say a buyer’s market means you need to take a loss, though. You just have to price your house accordingly and put more time into showing off its best qualities through deliberate staging.
Aside from looking at what similar homes have sold for, research how long it took them to sell, as well. That average will be a lot more helpful as a meaningful barometer you can use to manage your expectations and even adjust your price as time goes on.
Finally, when you put your house up for sale can also impact how long it takes to sell.
This is another factor that will be specific to your area, though.
For the most part, people want to move during the summer. It’s easier for parents who might otherwise have to take their kids out of one school and put them in another. It’s also easier for anyone who lives in an area that sees snow during the winter.
Nonetheless, your local market could be different, so take a moment to look into when people are most likely to buy, and you’ll be able to drop the number of days your house spends on the market.
As you can see, you have options for ensuring your home doesn’t sit around and collect dust. Though how long it takes to sell a house differs by market, you can take certain steps to help yours sell faster than most.
One of the best ways to do this is simply by working with an experienced real estate agent. At SimpleShowing, we’d love to connect you with one and save you thousands of dollars with our 1% listing fee.
Contact us today to find out how we’ve made it easy and affordable to sell your house quickly.