How Long Will It Take To Sell My Home?

Wondering how long it will take to sell your home this summer? According to Redfin, the average home takes about 32 days on the market to sell. However, this number is just an average; in reality, some homes sell almost instantly, while others stagnate on the market for months. Why is this? In my opinion, it comes down to three key factors: Condition, accessibility, and pricing. Today, I’m going to break down each of these factors and explain how you can leverage them to sell your home faster: 

1. Condition. You can’t control your location, but you can upgrade your home’s condition before you hit the market. Make sure you take care of any minor repairs upfront. You may even want your agent to do a walkthrough of your home and point out anything that might worry buyers. Small things might not seem like a big deal, but they leave an impression on your buyers that your home might not be in good shape. Plus, buyers don’t have a ton of spare cash due to high prices and interest rates. If they don’t have to pay for repairs themselves, they’ll be more likely to put in an offer fast. 

2. Accessibility. Buyers can’t put an offer on a home they can’t see. Being as accessible to buyers as possible will increase your showings and net you better offers faster. I understand it isn’t always possible to leave the house on short notice, so consider temporary housing while your house is on the market. Having another place to stay will also make it easier to move once you sell your home and start looking for a new one. 

3. Pricing. Your initial price is more than just a number; it’s the first part of your marketing strategy. Work with your agent to find similar homes in your area that have sold recently to find a good starting point. From there, choose a reasonable starting price to draw attention, create competition, and start a bidding war. This will help your house sell quickly and naturally increase the price to wherever the market is at. 

Hopefully, these tips will help you sell your home quickly. In the meantime, don’t hesitate to call me for a free home-selling consultation. I’ll go over the details of your home with you and share what you can do to move fast. I look forward to hearing from you!

What’s Happening in the Real Estate Market This Summer?

 As we head further into the summer real estate market, tons of people have been asking me, “What’s going on in the market right now?” We get it; if you’re looking to move in the near future, you want to be informed about what’s happening with real estate. The truth is that home prices are still high in most areas; however, they’re starting to come down in a few places that were most affected by the pandemic boom market. While we don’t know for sure what this means for the country at large, it might be safer to make a move sooner rather than later. With that in mind, we're sharing three key points about our housing market you need to know if you’re planning on making a move this summer: 

1. There is a severe lack of inventory. Right now, a lot of people who would otherwise sell their homes are staying put because they have a low interest rate locked in with their current mortgage. As a result, inventory is incredibly low, and you’ll have way less competition than normal. Because of this, you can still sell quickly and at a good price as long as you work with your agent to build a strong marketing strategy. 

2. Buyers are very motivated. Right now, buyers across the country are as serious about purchasing your home as any we’ve ever seen. Think about it: Interest rates are still high, and home prices haven’t come down to compensate. If someone is looking at purchasing a home right now, it’s because they really need to move. This means you won’t have to deal with window shoppers, and you won’t have to have as many showings before you find someone willing to offer you a great deal. 

3. Pricing and condition are critical. Buyers are motivated right now, but that means they won’t put up with overpriced or poor-quality homes. On the other hand, they will be willing to pay a premium if your home is in good condition. Take the time to work with your agent and fix minor repairs before you put your home on the open market. Also, work together to find a price that fits your local market—one that isn’t too high or too low. 

You can still get a good deal this summer, but the future of our market is uncertain. If you have questions about where things might be heading or are interested in selling your home, call or email us. We’d love to hear from you!