Three critical factors that determine how long it takes to sell your home.
Wondering how long it will take to sell your home this summer? What we are seeing locally is that it takes a little less than 30 days on the market to sell. However, this number is just an average; in reality, some homes sell almost instantly, while others stagnate on the market for months. Why is this? In my opinion, it comes down to three key factors: Condition, accessibility, and pricing. I’m going to break down each of these factors and explain how you can leverage them to sell your home faster:
1. Condition. You can’t control your location, but you can upgrade your home’s condition before you hit the market. Make sure you take care of any minor repairs upfront. We usually recommend doing a home inspection to find hidden items before a buyer does and starts negotiating. You may even have your agent do a walkthrough of your home and point out anything that might worry buyers. Small things might not seem like a big deal, but they leave an impression on your buyers that your home might not be in good shape. Plus, buyers don’t have a ton of spare cash due to high prices and interest rates. If they don’t have to pay for repairs themselves, they’ll be more likely to put in an offer fast.
2. Accessibility. Buyers can’t put an offer on a home they can’t see. Being as accessible to buyers as possible will increase your showings and net you better offers faster. I understand it isn’t always possible to leave the house on short notice, so consider temporary housing while your house is on the market. Having another place to stay will also make it easier to move once you sell your home and start looking for a new one.
"Your initial price is more than just a number; it’s the first part of your marketing strategy."
3. Pricing. Your initial price is more than just a number; it’s the first part of your marketing strategy. Work with your agent to find similar homes in your area that have sold recently to find a good starting point. From there, choose a reasonable starting price to draw attention, create competition, and start a bidding war. This will help your house sell quickly and naturally increase the price to wherever the market is at.
Hopefully, these tips will help you sell your home quickly. In the meantime, don’t hesitate to call me for a free home-selling consultation. I’ll go over the details of your home with you and share what you can do to move fast. I look forward to hearing from you!
