One of the important factors property owners always want to know before selling their property is how long it will take. There’s nothing as frustrating as listing your house for sale and waiting for months without hearing from any buyers.
The situation can even be more frustrating if you are planning to relocate to another city or state and need the money to facilitate your move.
There are several factors that may determine how long it will take to sell your home. One such factor is the type of real estate market you are selling your home in.
As our local readers know, the real estate market in Trussville is considered to be highly competitive. This means you can often find buyers almost immediately after listing your house for sale locally.
The more competitive a real estate market is, the quicker it might be to sell a home. The best thing is to try and check the average times each real estate market in the country takes to sell a home or property. For Trussville or any other market in the US, Zillow has downloadable research data with all the info you need.
Another factor that may determine how quickly you will sell your house is the mode you are using. For instance, if you decide to sell your house on your own, then then it might take longer compared to selling through a licensed real estate agent.
Selling a home using an agent
Statistics show that it takes an average of about 65 days to sell a home after it’s listed. However, this might vary depending on a number of factors such as the condition of the house, location, and the price.
Another thing that is almost constant when it comes to selling a house is how long it takes to seal the deal after offer acceptance. It usually takes around 30 days to sell a house after the buyer has accepted the sale offer.
This is to allow things such as repair, paperwork, home inspections, title work, and a bit of time for the buyer’s lender to put everything in order.
It is also important to note that most homes take an average of one to two months after listing to receive an offer from a buyer. But that time can increase if the price of the home is too high, the house is in poor condition, or is located in an undesirable place.
Conversely, a home can sell in less than a month or two if it is priced reasonably, is located in a strategic area, and marketed properly.
Although it is difficult to predict how long it will take to sell a house using an agent, you can give yourself at least 30 days after the offer has been placed. Using an agent has a lot of advantages compared to selling by yourself.
Selling a home through For Sale By Owner (FSBO)
It is a fact that selling homes through For Sale By Owner (FSBO) takes longer than selling it through an agent. This is because agents are skilled negotiators and have extensive knowledge about different real estate markets.
Besides, agents know how and where to market homes. They can even tell the difference between a serious buyer and someone who’s just playing around. In general, there are a lot of risks with RSBO, so definitely weigh the pros and cons, while being aware that FSBO works best in a seller’s market, where buyers are competing against each other for limited housing inventory.
Selling a home to an investor
Another option you can explore if you want to sell a house is selling it to cash buyers.
One major advantage of this mode of selling is that it eliminates several issues and intermediaries that usually delay the process. That means a buyer can even sell a house within a week – since there will be nothing to delay the process. While this may seem enticing to anyone looking to move fast, be sure you’re dealing with a reputable company first.