How long will it
take to sell your home? Learning the answer is one benefit
of being represented by an agent. The time it takes to sell
your home depends on a variety of factors, all of which you
control.
Begin by asking
your agent for statistics on the most recent 10-15 sales in
your area. What was the sale time for each from listing to
contract date? Throw out the longest the shortest sale times.
They are usually at the extreme for a reason, i.e. overpriced
or underpriced, excellent or poor condition, etc. Finally,
average the remaining sale times. This answer provides the
sale time for the average home, at the average price, in average
condition.
To determine the
probable sale time for your home, compare. Learn the condition
of homes that sold compared to your own. Make improvements
before buyers see your home to improve the sale time. Look
at the terms offered by other sellers. If they paid closing
costs, and you do not, your sale time may be longer. The more
appealing the terms, the more likely a buyer is to choose
your home.
Finally, compare
prices. If yours is priced at or below the market, your sale
time may be shortened. Ask too much, and the time will be
extended. Sale times are predictable, and you control the
factors that make the difference.