You’ve decided to list your home! Yay! That additional income will help pay for your next vacation, your kids’ college, or a new set of wheels! So how long till you get PaaYEed?! Let’s take a look and see how long it takes to sell your home.
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NAR stats from 2020 reveal the average home sat on the market for about 24 days before being scooped up, and the average time from binding contract to closing is about 24 days. That puts us at about 48 days total before we hit the closing table.
So list it and be at the closing table in 48 days! Easy right? Not necessarily. There are some things that can impact the timeline of your sale:
Things that can impact the timeline of your sale:
01. Buyers/Sellers market – What’s the condition? If there are a lot of listings to choose from, you will need to make your listing stand out to sell quickly
02. Condition of the home – does the home have visible signs of wear and tear? This equates to dollar signs in the eyes of buyers
03. Pricing – The goal with any agent is to price the home correctly. Statistics show that the longer the home sits on the market, the less the seller will get for their property.
04. Buyer setbacks – Once you have your home under contract there are things outside of your control that could stall the sale of your home. Buyer setbacks include inspection, appraisal, and buyer financing.
Whenever you decide to sell your home, the first step is reaching out to an agent! Talking with a professional will help you decide if now is the right time to list!
Interested in listing your home with Sage & Cedar? Click here for a free home valuation!