How long does it take to sell a house?
If you’re asking this question, you’re probably looking to put your house on the market. Or it’s already on the market and no buyers are coming along so you’re wondering if that’s usually the case.
Well, selling a house is a multi-step process that can take anywhere from a few days to several weeks or even months, depending on several factors.
In this article, we’re giving you the lowdown on the timeline for selling a home. Keep reading!
How Long Does It Take to Sell a House?
If you’re looking for a quick answer, we’re sorry to disappoint you. The hard truth is there is no standard or fixed time it will take you to sell a house.
Hold on, don’t browse away just yet! On average, industry surveys have time and over again established that the average time to sell a house is about two months.
But, whether you sell your house within a month or two depends on several factors. Some of these factors are firmly in your control and others are completely out of your control.
Let’s explore some of these factors in more detail.
The Condition of Your House Determines How Quickly It Will Sell
Most prospective home buyers are looking for clean properties with no damage. If your home meets these conditions, it’s likely that you’ll sell it quickly.
However, if the property needs repairs here and there, is untidy, and the walls look like they could do with a new coat of fresh paint, chances are high buyers will overlook it.
As such, it’s important to prepare your home for the market.
Your Selling Strategy Matters
When you’re ready to sell your home, you have two options: sell it on your own (for sale by owner) or hire a real estate agent to do the job.
Unless you’ve got vast experience selling homes in your area, it’s not advisable to take the FSBO path, especially when you want to sell quickly. Hiring a real estate agent who specializes in your area is the best way to ensure the property finds a buyer fast.
These professionals know how to market houses and they can even execute a home staging. A staged home sells faster.
What if you don’t want to hire a real estate agent and you still need to sell the house fast? Focus on finding quick house buyers. These are usually real estate investment companies that buy homes in cash, fix them up, and sell at a profit.
Price of the House
How much are you selling the house?
If the price is higher than what similar homes in the area cost, you’ll probably struggle to get a buyer within a short time. But if you’ve competitively priced the home, expect offers to start coming as soon as it goes on sale.
How Quickly You Sell Your House Depends on Many Factors
So, how long does it take to sell a house?
If your house is well-prepared for the market, you can expect to sell in about two months. However, there are several factors that can ensure you sell a lot sooner or several months later.
Keep reading our blog for more home selling tips and advice.