When you want to sell a house, it’s very important to try and find a buyer as quickly as possible. No one wants to have their home sit on the market for months on end, and not find a buyer. Thankfully, you don’t have to wait for long in order to sell your home, at least most of the time. It’s more important than ever in our opinion to assess the housing market, which will give you an idea of how much time it will take to sell your home.
The Average Amount of Time Needed to Sell a House
Based on data from TheBalance, most homes stay on the market for around 56 days before they are sold. What that means is that you will usually have to wait a bit under 2 months in order to sell your home. Obviously the amount of time differs based on the value of your home, where it’s located, amenities nearby and other factors. It’s easy to understand why more expensive properties will require more time on the market to find the ideal buyer compared to less expensive properties.
On top of that, it takes the average buyer around 45 days to apply, and get their mortgage loan offer. Thankfully, homes are selling 8% faster compared to the previous year, so it’s a great sign that the Covid-19 pandemic has not influenced the property market that much. Of course, not all sellers can sell their home as quickly as this. If you are in a rush and speed is essential, you can use a company like CashQuickBuyers to sell your home as fast as possible.
What Makes a House Sell Faster?
There are a multitude of factors. For most buyers, location is very important. On top of that, a lot of buyers also want amenities close by, and they want to be close to their interests – whether it be good schools, shopping centers or leisure locations. These desirable locations often come with a higher price tag, so there is a fine balance when it comes to a good location and a price that is over budget in terms of the selling time. The location is often what matters most to potential buyers, and the closer you are to city center areas, the more you will have to pay.
That being said, the location will also make your home sell faster. Mid-city locations are always in high demand, because they are close to everything, and that alone does make a huge difference. There are other factors like the condition of the home that will influence the selling time. If the home itself needs a lot of repairs, many will just step away from it. This is where a buyer such as CashQuickBuyers can help.
As you can see, it can take a lot longer to sell your property than you anticipated. On average, you shouldn’t wait more than 60 days in order to sell your property. It all comes down to promoting your home online, showing off its best features, and also pricing it appropriately. As soon as you do that, you can gain the attention of buyers, and selling it becomes a lot easier.