Factors That Affect the Timeline of Your Sale
by: lauren, on March 24, 2022 - Home Seller Tips
These factors can affect how long it takes your home to sell.
How long will it take to sell your home? Today I’ll answer this commonly asked question and explain certain factors that affect the time frame of the sales process.
With inventory as low as it is, our market can split into two categories: homes that are in the market and homes that are on the market.
Homes that are in the market are priced fairly and attract buyers. Homes that are merely on the market are overpriced. The sellers of these houses have seen how inflated the market has become and think that they can get whatever price they want. However, listing a home above market value in the hopes of getting top dollar is a fantasy—doing so will only make your house take longer to sell. If you want the best price for your home in this market, you need to price your property aggressively to attract a lot of buyers.
“Listing a home above market value in the hopes of getting top dollar won’t work.”
With low inventory and high demand, homes priced at market value often create a bidding war. Buyers are forced to compete with each other for the few houses available, and the competitive atmosphere drives them to make aggressive offers to win.
So how do you price a home properly? If you work with us, we can do a market analysis on your home where we use comparable sales in your area to inform our list price. However, in this market, it’s less about the past sales in your area than it is about what’s going on currently; the last comparable sale might have sold for $500,000, but today that same home might sell for $50,000 to $100,000 more.
If you’re thinking about selling your home and would like to know how much it could sell for in our current market, don’t hesitate to give us a call or send us an email. We’d love to help you get top dollar for your property quickly.