For most homeowners, their houses are their most significant financial assets. This explains why the process of selling a home is usually a big deal.
One has to exercise caution and put a lot of factors into consideration. It is a big decision that shouldn’t be taken lightly.
However, if you’ve determined that selling your home is a worthy option, then one of your top queries might be how long it will take to sell your home.
Even though it is difficult to state precisely the time it will take you to get your house off the market, there are several factors that will affect the speed of the sale.
First and foremost, it will depend on the method you choose to sell your home. When it comes to selling a home, you may choose to list it or sell directly to cash homebuyers Alabama.
Listing through an agent is the traditional way of selling a home. However, this method is usually complex and involves many stages.
From getting your house sell-ready and finding an estate agent to closing, there are a lot of steps to handle, each of which takes time.
Generally, once a home listed it usually takes 2 months to close.
However, this number is just an average. In some situations, it may sit on the market for months and even years depending on several factors.
If you choose to list your home, here are some of the top factors that will determine how long your house sits on the market.
Your Home’s Price Point
One of the factors that have the biggest impact on the speed of the sale is your asking price.
It is important to do proper research and consultations before settling on the price.
Overpriced properties may get lots of viewings, however, finding a buyer willing to complete the sale will be a huge challenge.
You need to find out the pricing of similar properties in your area and set a competitive price in order to attract the interest of potential buyers.
Nature Of The Market
If you are in a sellers’ market, otherwise referred to as a hot market, then you can expect to sell your house faster.
This is due to the fact that in such a market, the demand for houses is high.
However, in a buyers’ market, sellers are usually at a disadvantage as the demand for houses is usually lower.
This means that in a buyers’ market, as a house seller, you have to set an extra competitive price in order to sell your house faster.
Choice Of Agent
Finding the right agent is imperative if you want to sell your house fast.
Never choose an agent just because they are offering a cheap quote or promising unrealistically high price for your home.
Your agent plays a key role in the sale of your house. The quality of the agent determines the time it takes to sell.
The Closing Process
If the buyers are taking out a mortgage with a commercial lender, then their financing will impact the closing process.
Home inspections and appraisal might cause delays in the closing process.
How To Sell Your House Fast
Whether you are in a sellers’ or buyers’ market, the only guaranteed way of selling your house fast is selling to cash homebuyers Alabama such as us.
Here at Cash For Houses Birmingham, we offer you a fast, efficient and stress-free way of selling your home.
Once you accept our offer, we can close in as little as 7 days. In addition, we’ll take care of all the extra costs so you won’t have to.
Selling a house doesn’t get any better than this.