In 2019, there were 5.34 million existing homes sold in the United States. If you are interested in selling your home you may be wondering just how long does it take to sell a home.
Read on to find how long does it take to sell your house fast along with other important home selling information!
Average Timeline
The National Association of Realtors found that it takes on average 24 days to sell a home in the United States in 2020. That’s about 3 days quicker than in 2019.
Factors
Although the average is a good place to start, it doesn’t paint the whole picture. To get straight to the point, the time it takes when selling your home can be a bit hard to pinpoint. This is due to the numerous variables that factor into the process.
Location
One of the biggest factors when it comes to time to sell a house is location. Each market is different. Some boast lightning-fast sale times while others can linger for a while.
Location within the markets also has an impact on how quickly you can sell your home. Highly desirable neighborhoods with good schools, close businesses, and opportunities are a must-have for many buyers.
Competition
Depending on how many homes are on the market, you may be faced with some intense competition. The more options that buyers have, the less likely your home will be sold quickly.
Condition
The condition of the home has a huge effect on sale time. Some buyers are not interested in fixing up a home and would rather choose a perfect move-in ready home.
Any damages or improvements that need to be made can push buyers away and increase the sale time.
Season
Spring, summer, fall, and winter can play a role in your timeline as well. Trends show that people don’t often buy homes in the colder months.
The summer and spring months offer people a sense of welcoming new beginnings. In addition, warmer temperatures are more preferable to do this type of work.
It may take longer for your home to sell in the winter compared to the summer.
Price
Listing price is very important when selling. Many buyers will filter homes based on price range. Go too high and you could lose potential buyers. Go too low and you might be hurting yourself.
Agent
Having a great agent helps with your timeline too. A real estate agent can market your home and let you in on some valuable information.
An agent will have sage advice about the listing price, condition, and more. They can also keep you informed about what the market looks like as far as competition and location.
How Long Does It Take to Sell a House
While there is an average timeline for the United States, you might need more specific information when it comes to how long does it take to sell a house. As you’ve seen an agent can help you take all your specific factors into consideration.
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