Three critical factors that determine how long it takes to sell your home.
Are you wondering how long it will take to sell your home this summer? According to Redfin, the average home stays on the market for about 32 days. However, this is just an average; some homes sell almost instantly, while others linger 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 use them to sell your home faster:
1. Condition: While you can’t change your location, you can certainly improve your home’s condition before putting it on the market. Take care of any minor repairs upfront. Consider having your agent do a walkthrough to identify any issues that might concern buyers. Small problems can give buyers the impression that your home isn’t well-maintained. With high prices and interest rates, buyers are less likely to have spare cash for repairs, so a move-in-ready home is more appealing and likely to attract fast offers.
“Your initial price is more than just a number; it’s a crucial part of your marketing strategy. ”
2. Accessibility: Buyers can’t make an offer on a home they can’t see. Maximizing accessibility will increase showings and lead to better offers more quickly. If possible, consider temporary housing while your home is on the market. This not only makes it easier to accommodate showings but also simplifies your move once the house sells.
3. Pricing: Your initial price is more than just a number; it’s a crucial part of your marketing strategy. Work with your agent to find comparable homes in your area that have sold recently to determine a competitive starting point. Setting a reasonable initial price can draw attention, create competition, and spark a bidding war, helping your home sell quickly and potentially for a higher price.
I hope these tips help you sell your home quickly. For a personalized home-selling consultation, feel free to call me. I’ll go over the specifics of your home and share what you can do to move fast.
