This can be a tough question to answer, but in general, especially in today’s hot sellers’ market, it could be quicker than you think. There are a few common factors that determine how fast a house will sell.
Price
The ideal method of influencing how fast your house will sell is by setting the right price in the first place. Your agent may advise you to price your home at or below market value, which is based on comparable homes in the neighborhood. If you price much higher than that, then your home could sit on the market for a while. You essentially want to start a bidding war on your affordably priced home so people feel like they are getting a good deal.
Price it too high and you may see your home sitting on the market for months with no bites. There is no worse fate for a property. Also, if your price is too high, those who are looking in a lower price range may miss that listing. You want buyers chasing you, not the other way around.
Negotiation
How much you are willing to negotiate is another factor that affects outcome. If you won’t even consider accepting an offer one penny below what you’re asking, your house will sit there for a long time. If you’re willing to entertain all reasonable offers, you are in a better position to sell the home quickly.
Photos
If you invest in quality photos and virtual tours from a professional photographer, your home will usually sell faster. Post photos taken with your phone, and you can expect the home to stagnate a bit. Buyers will gravitate to homes with better photos. Period.
Numbers
If you have a low inventory of homes in the area, your home is likely to sell faster. Take today’s current sellers’ market. There are not enough homes on the market to meet demand, so people are desperate for anything. The opposite is true. Your home may sit for a while on the market if the inventory is aplenty, because sellers have their pick of the litter.
Agent
Having an experienced real estate agent on your side is also key. Make sure the one you choose has experience selling similar homes, and make sure they’ve been at this a while with a solid reputation. The right agent makes all the difference in the amount of time it takes to sell a home. They know how to price your home appropriately, they know how to effectively prep it for sale, and they have the skills to market it.
As you can see, there are many factors that can influence how quickly your house will sell.
Get in Touch With Berkshire Hathaway Premier Properties
If you have realized now is the best time for you to sell your home, contact Berkshire Hathaway Premier Properties today at 832-626-4889. We have vast resources and agents that can help with the sale of your home.