When you are preparing to sell your home, it can be helpful to know your timeline and what to expect. After all, you need to set up your next home, and you may have deadlines for when you need to be somewhere new. However, the question of how long it will take to sell your home isn’t always an easy one to figure out.
Traditional Market Timelines
When looking at a traditional real estate sale, the answer to how long it could take is that it will depend. On average, homes sit on the market for 15-25 days, and then usually take another month or more to fully close. However, if you live in a hot market, it could take much less time to get an offer on your home. Part of it will depend on how attractive you make your home look, how competitive the price is, if any repairs need to be made, and what the buyer’s timeline looks like. On average, you should expect the whole process to take somewhere between 2-3 months.
Cash Sales Timelines
If you are making a cash sale to a home-buying company, your timeline can be much faster than the traditional market. Rather than listing your home and receiving offers, you submit your information to the company and they come back with an offer, sometimes as quickly as within 24 hours of your submission. With a cash sale, there is no needed negotiation, no repairs, and no financing needed, which removes most of what takes up the time in the closing process. The biggest thing you will need to decide is when you will move out of your home. Unlike the traditional real estate sale process, you have a lot more flexibility, because you aren’t working on the buyer’s timeline. This process can move as quickly as a week if you want it to.
Things to Consider
When deciding how to sell your house and what your timeline looks like, consider what you need to do to prepare to move out of your home and into your new house. A quick cash sale can be a very good thing if you need to relocate for a job, if you already have a new home lined up, or if you are having trouble selling your home traditionally. If you are trying to sell traditionally and are having issues, try taking a look at the market around you and what your price is. If your price is too high or your home has been on the market for a while, you may need to adjust your expectations.
While no one can predict real estate sale timelines, there are some things you can do to speed the process up. Just make sure you are keeping your eye on what you need in order to keep your life running smoothly. Allowing yourself to get tied up in a long process can be frustrating and it isn’t something you actually need to do.
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