A discussion about how long it takes to sell the average home in our market right now.
How Long Does It Take?
Here are the three phases of a home sale, and how long we’re seeing each take on average.
- Marketing Time: About 30-45 days on market to get an accepted offer.
- Inspection Period: It’s taking about 7-14 days after accepted offer to complete inspections, and get into contract.
- Closing: Financed deals average about 45-60 days, while cash deals typically close in less than 30 days.
What Can Cause Delays?
There are a few things that can cause a closing to be delayed.
- Marketing: Bad photos, lackluster descriptions, and even being listed in the wrong MLS are still issues that we see plaguing idle listings.
- Pricing: If a home is overpriced, it’s going to take longer to sell. It’s important to get help with pricing and strategy from a real estate professional.
- Time of Year: The market is naturally busier in the spring and summer months in our area. If you’re hitting the market outside of these peak seasons, it may take longer to find a buyer.
- Professionals: Everyone involved in the transaction plays a pivotal role in getting the deal across the finish line. Any delays from an agent, attorney, lender, or municipality can cause a deal to take much longer than necessary.
How We Can Help
At 845 Realty Guys, we specialize in helping homeowners list and sell their homes. Here is our 3-step process for getting you to a successful closing, without the delays.
- Discovery Call: We’ll have a quick call to find out a little bit about your home.
- Realtor® Price Opinion: We’ll set you up to receive a free Realtor® Price Opinion, to determine the fair market value of your home.
- Activate Listing: When you’re ready to list, we’ll get your home on the market in 24 hours.
Ready to find out more? Click the link below to book a discovery call. Our calendar fills up fast, so book your call today!