This is one of the trickiest questions, as many factors determine how long it would take to sell your home. However, everything has lined up nicely for home sellers at the moment, so your house should find a buyer pretty fast.
How fast? According to Realtor, 38 days on average. But that is not always the case, so here’s a look at some of the market dynamics you can exploit to sell your house fast.
What You Can Do to Sell Your House Fast
You can sell your house fast if you capitalize on the following factors:
1. Current market status
To sell your house fast, you need to have a little knowledge of the real estate market. However, a keen understanding of the local and national real estate market will give you an edge.
The two types of markets—are seller’s and buyer’s markets. You should target a seller’s market where the demand for houses is higher than the supply. That ensures you milk the best deal for the home quickly.
2. Time of the year
In the housing industry, timing is everything. Thankfully, sales volume is consistent throughout the year, so it is relatively easy to predict.
From the link above, you can tell that there are more home sales during the late spring and early summer. So, if you want to sell your house fast, you should place it on the market between March and September.
3. Number of days spent on the market
The number of days a home spends on the market impacts how fast it will sell. If your home stays on the listing for too long, it may take longer to sell because potential buyers will think there’s something wrong with the house.
4. House condition
Generally, if your home is new or well-maintained, it will sell faster than in dilapidated conditions. The National Association of Realtors states that 36% of home buyers seek to avoid renovations and problems with their new purchases.
Although a run-down house can fetch a reasonable price in a seller’s market, that is an exception. If there are any visible damages, repair them before listing the home.
5. Asking price
The asking price and the value of the house should match. A mismatch between the two will cause a delay, leaving your home on the market longer. If you’re unsure how to price your house, seek the advice of a realtor who knows how to determine the asking price.
If your property is in a highly desirable neighborhood, it has a higher chance of selling fast. On the flip side, you should expect the sale to take longer if the community is sketchy. Indeed, the “worst house in the best neighborhood” fetched nearly $2 million in 2022.
You will likely sell your house fast if it is near an attraction or scenic environment. Hire a professional to take high-quality photos for the listing if the home is near an attractive site.
How Can NLHB Help Me Sell My Home Fast?
At Next Level Home Buyers, we offer an even faster way to sell your house—we buy it from you. Cash. Our process is fast, secure, and with zero complications.
We run a Fast and Fair home-buying process that places the cash in your hands within seven days. So why should you wait weeks for your house to sell when we can buy it from you in a heartbeat?
Fill in the contact form or call us at 860-368-0343 and let our representatives walk you through the home buying process.
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