Your goal (and our goal) is to have your home sell quickly.
One of the first questions people ask when selling their home is, “How fast do you think my home will sell?” The answer to that question varies based on three things: supply and demand, price and exposure.
1. Supply and Demand
Where you live plays a crucial role in determining how your home will sell. Do people want to live in your neighborhood? Are there a lot of ‘For Sale’ signs in your neighborhood? Your home will sell likely sell very quickly if your neighborhood is in high demand. Whereas, if no one wants to live where you live, it could take a very long time to sell your home.
What is the market value of your home?
This value is mutually exclusive from what you paid for your home, what it appraised for, and what you need to sell it for. Market value is strictly the amount that the market can bear for your home – what someone would be willing to pay for your home.
If you price your home aggressively – below market value – you home will likely sell within a matter of days. This is your choice though. You may choose to price it above market value. If you do this, your home will likely sell but it may take a very long time for it to sell.
Click here to find out the market value of your home!
Your agent’s job is to market your home for you through their websites, social media and other outlets.
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These three elements work together determining the length of time your home will stay on the market. On average, most homes sell within 30-90 days.
Want to do more to help your home sell quickly?
Have more questions? Contact us today!