Selling a house is not an entirely linear process. Many unknowns can crop up during the real estate sales process, so it’s essential to be as realistic as possible with your timeframe. Typically the full process from listing your home on the market to closing on the deal takes around 2-4 months. How long your home sale will take depends on several factors, including your property type, where its located, the local market conditions, and other considerations.
If you need to sell your home quickly, there are some things that you can do to help the sales process go as fast and as smoothly as possible. Here is how long it takes to sell a house below:
Analyze the Market
A seller’s market occurs when the real estate market has more available buyers than the housing inventory. This is advantageous for homeowners who want to sell quickly, as you’ll typically be able to complete your sale within as little as 45 to 60 days. In a buyer’s market, you’re more likely to find yourself in stiff competition with other sellers. This can mean less qualified buyers and a lengthier sales process.
It’s not always possible to time the sale of your home to match the housing market; however, if you don’t have a specific deadline to meet, you can try to use the market to your advantage. By taking into consideration seasonal trends and outside influences, such as mortgage rates, you can minimize the time your home spends on the market and maximize your sales price. Many people ask how long it takes to sell a house, well here are some more pointers below.
Increase Your Buyer Pool
Although you can’t determine the type of offers you’ll receive on your home; you can make it more attractive to the potential buyers in several ways:
- Make impactful updates and improvements, so your home shows well to potential buyers both online and in real life.
- Price your home competitively to attract as much interest as possible.
- Keep your home free of clutter and clean and tidy. It’s crucial that your home is “show ready” at all times.
- Be willing to accommodate showings and open houses whenever possible.
Tips for Selling a House Fast
Regardless of your local real estate market, here are some tips any homeowner can use to sell their home fast:
Price it accurately
Overpriced homes spend much longer on the market — especially if there are plenty of other comparable properties to compete with. To price your home as accurately as possible, ask a real estate agent to perform a Comparative Market Analysis (CMA). A CMA compares other recently sold homes in your area to help determine an accurate listing price that will attract serious offers.
Prepare for the market
Before you list your home, go through it, and make a list of any little repairs or updates that need to be made. If you do this before it hits the market, you can give yourself a competitive advantage with buyers by making your home “move-in ready.”
Take professional photos
Professional photography and professional staging help your listing to stand out online. If you want to grab even more attention, create a virtual tour that allows buyers to explore your home’s layout. This is especially useful in today’s climate of virtual showings.
Work with a real estate agent
If you need to sell your home fast and hire a knowledgable local real estate agent who is experienced in your area for the best price possible. On average, home sales that are facilitated by a realtor close 19 days faster than homes sold by owner alone.
How To Close As Fast As Possible
From executing the purchase agreement to handing the property title over to the buyer, selling a house takes an average of around 42 days. This time is mostly spent approving and finalizing the buyer’s loan and completing the home inspection, and awaiting the property appraisal.
As the seller, there are things you can do to help ensure your sale closes on time. For instance, by letting the buyers know about any title issues or liens attached to the home, or any issues that need to be addressed during the inspection period.
By ensuring everyone in the transaction is aware of any potential issues, you can work together with your agent to find solutions. That is how long it takes to sell a house!