If you’re putting your house on the market, there are some things you may want to know.
Moving on to a new home is an exciting endeavor and it’s even better when you make some serious cash selling your house. What most people forget to plan for, however, is how long it could actually take to make the sale.
Numerous factors will affect how long a sale takes, which is what we’ll be discussing today. A lot of people ask, “how long does it take to sell a house on average”, but there’s no cut and dry answer. In this post, we’ll tell you a few of the main factors involved in answering this and how you can improve your chances of selling fast.
Selling a house takes patience. If you aren’t patient, you might not get the best possible price.
How Long Does It Take to Sell a House On Average?
A typical American home takes between 2 and 3 months to sell on average. Because it usually takes somewhere between 30 and 45 days to close on a house, that means your house is likely to stay on the market for 1-2 months.
These numbers, measured in around 2018, are down from nearly double that in 2010 -when the housing market was still recovering from the 2008 financial crisis. The 2020 numbers are poised to be even better.
But, you can’t always rely on the raw numbers to help you dictate how long it’ll take for your house to sell. You’re at the mercy of many factors.
What’s the Hold-Up?
There are things that you simply can’t help when trying to sell your house quickly. If you’re in the wrong market at the wrong time, it can feel borderline impossible. The best (fastest) housing markets only take around 1 month to sell, while the worst ones can take 4 months or more.
It’s not all about location, though. Next, we’ll discuss some of the things you can do to make your home sell quickly.
How to Sell Your House Faster?
If you want to give your home a good chance of selling, there are numerous things you can do to boost its appeal to home buyers and local investors who buy homes.
- Boost the curb and interior appeal by fixing up some of the more unsightly things and hiring a home stager to make it look sellable.
- If it’s been on the market for too long, that’s a sign to buyers that there’s something wrong with the house. Hire a real estate agent to help you formulate a new strategy.
- If the asking price is too high for the area and market you’re in, you may have to come down.
- Seasonal factors affect home sales. Wait until the optimal time of year to try and sell. In most places, this is late spring.
Do Things the Right Way and Your House Will Sell
Instead of asking, “how long does it take to sell a house on average?”, ask yourself, “what can I do to sell my house faster?”. You could let the state of the house and the market dictate how fast it sells or you could make the house as attractive as you can, then come up with a great strategy to make it sell quickly.
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