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Did you know in 2019, that 5.34 million existing homes sold? That means there are plenty of people looking for homes—and possibly your home.
How long does it take to sell a house? It all depends on how well you do your job of selling your house or if you find a motivated buyer. There are a lot of options available and we are here to help you figure out how to get your house off your hands.
Continue reading this article to learn how long it takes to sell a house.
In This Post:
Calculate Average Days on Market
The best way to figure out how long it is likely to be before you can get your house to sell is to ask your real estate agent. They usually know what the average days on market is for a home.
While this is not exact, it is about as close as you can get.
The price you sell your house at is a major part of how slow or how fast your house will sell. If you aren’t sure how much to sell your house for, look at homes that are similar to yours, and see what price they sold for recently.
Keep in mind, if you want to sell your house quickly, you might need to drop the price below what others might be selling comparable homes at.
Buyer or Seller’s Market
If you’re selling your house in a buyer’s market, you’re likely to get less for your home and it’s likely to take longer for it to sell. It’s pretty easy to figure out if you’re in a buyer’s market or seller’s market.
If you notice homes are flying off the market quickly—that’s a seller’s market. On the other hand, if you see homes on the market for a long time, you’re operating in a buyer’s market.
If your home isn’t in good condition, you still might want to sell your house as is. There are companies that will buy houses as they are, but many home buyers want to have houses that look perfect.
You may not get the price you want if your home isn’t up to the latest standards. If you’re in a tight spot for cash, it might be worth it for you to take a little bit of a hit to get out from under the house.
Lot & Location
Where your home is located and what size lot it is makes a big difference in the price as well as how many people want to move there. If the area where you’re living is in high demand, even a house that isn’t at its prime might sell pretty quickly.
See what is working in the area and you may even find there are companies that help homeowners that are in distress.
How Long Does It Take to Sell a House? – Now You Know
Now you know the answer to, “How long does it take to sell a house?” And you have an idea of what to do when you want to get your house sold.
Do you want to learn more about selling homes? Continue through our blog for more.