When you are ready to list your home, the ultimate goal, of course, is to sell your home as quickly as possible. So how long does the process take? According to industry sources, it took an average of 54 days as of March 2023.
Let’s take a closer look, based on today’s market, and the factors that can impact the pace, which is tailored to your situation, such as your neighborhood and the current state of your home.
The increase in home inventory
In the last few months, the amount of homes for sale on the market has actually increased. As a buyer, that’s a good thing, with more options to choose from in the housing supply. But for the seller, this means that because there are more homes for sale on the market, yours has to stand out to sell faster.
New listings versus active listings
Breaking down how to define today’s available inventory even further, it is comprised of brand-new listings and active listings that have been on the market but haven’t sold yet.
Data shows most of the increase in home inventory is because of the active listings staying on the market. But buyers are most interested in those fresh, new listings, so if your listing is just sitting and not moving, it could mean that it isn’t priced correctly, isn’t showing well, or it does not have an effective marketing strategy. Which is why it’s important to hire the right real estate agent.
How the right agent can sell your home faster
The right selling agent is imperative to making your home stand out from the competition and quickening the pace of your home sale.
Here is how a qualified pro can guide you through the entire home selling process:
- Using their extensive insight, your agent will factor in the recent inventory growth in your area to come up with a customized selling strategy for your home.
- Once the agent has come up with the correct price point for your home, your home will be listed and the agent can market the listing and schedule showings. The right agent will also consider the best time of year to list your home for the biggest impact.
- After offers start coming in, the art of negotiation begins with the buyers to land on the right price for you as the seller.
- The next step after the offer is accepted is the home appraisal and inspection and, if there are any issues found that need to be fixed, your agent will help with final negotiations to meet contingencies if needed.
- The final step: closing on your home and signing it over to the new owners.
If you want your house to sell fast, connect with Paige Bird, a local real estate agent who will find the right price for your house to maximize your profit and take care of you every step of the way. This year marks Paige’s 20th year working in the real estate industry. During her tenure, she assisted more than 2,200 families in their home-buying and selling journeys. Paige is renowned for her extensive experience and commitment to high ethical standards, which uniquely positions her as the go-to agent for those looking to achieve their 2024 real estate goals.
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For a free consultation with Paige, contact her today at 843.450.4773.
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