The COVID-19 pandemic has drastically reshaped the real estate industry in unprecedented ways. As a result, many people are wondering whether or not they should sell their home in the current market.
Those who are leaning toward this decision are often unsure of how fast they will be able to find a buyer, though.
So, how long does it take to sell a house? The answer depends on a handful of factors. Let’s take a look at some of the most notable.
The Condition of The Home
One of the most important factors that determine how long it takes for someone to sell their house is the overall condition the home is in. As you might guess, homes that require little to no repairs and have been recently remodeled will sell much faster than a home that hasn’t been properly maintained.
Generally, the buyer may ask that the seller makes necessary repairs before the transaction progresses. But, some may offer to buy the home at a reduced price in order to compensate for the money they’ll spend making the repairs on their own.
If you’re in a situation where you need to sell your house as quickly as you can, it’s worth considering selling your property as is so that you can circumvent this situation entirely.
Most sellers find that they have the greatest level of success when listing their home during the warmer months of the year. This is particularly true for regions that have a notably cold climate, as many people aren’t out home shopping when the roads are covered in ice and snow.
Additionally, many families tend to relocate during late spring and summer since school for children is not in session during this period of time. So, keep this in mind before you list your house on the market.
Your Agent’s Experience
Unfortunately, some agents are just not as efficient as others. Working with an inexperienced or lackluster real estate agent could dramatically increase the amount of time that your home is on the market.
In contrast, though, an experienced professional who is devoted to selling your property as quickly as possible will allow you to move forward with the transaction much sooner. When looking for a prospective agent, be sure to check their past reviews, research if they’ve sold properties like yours before, etc.
This will help ensure that you find the agent who can provide you with the best results.
So, How Long Does It Take to Sell a House?
The answer will vary depending on certain factors, such as the time of year, your local market, etc. But, you can expect to sell your home far shorter than you anticipate by keeping the above information in mind.
Want to learn more info you should keep in mind? Be sure to explore what the rest of our blog has to offer.