How Long Does it Take to Sell a House?
What Are the Steps of Selling a House?
The three main steps of selling your house are preparing your house for listing, putting your home on the market, and going through the escrow process.
Prepping Your Home for Sale
The first step toward selling your house is getting it ready to put on the market. You’ll need to find a trusted real estate agent who can help you sell your home. Then, they can recommend minor repairs or changes to your home that can help get you a higher sale price. It might take a couple of weeks to get these repairs completed. Then, you can prepare your home for listing. Your real estate agent will stage your house, hire a photographer and possibly someone who can create a virtual tour, put a for sale sign in your yard, and list your home!
Putting Your Home on the Market
This step in selling your home can vary depending on if you are in a buyer’s market or a seller’s market. If you are in a buyer’s market, homes might be on the market for a longer amount of time. There is more inventory, so buyers can be choosier with their decision and it can take much longer to get your house sold.. If you are in a seller’s market, however, you might see a very quick turnaround with your sale. Sometimes, you can go from listing your home to accepting an offer in under a week! For example, if you list your house on a Thursday, have showings and open houses over the weekend, review and counter offers on Monday with final offers due the following night, and accept a final offer on Wednesday, your home has only been on the market for six days!
The Escrow Process
The escrow process can also vary in length, which will be negotiated in your contract - often, it’s around thirty days, but it can be longer or shorter depending on different contingencies and if you need to lease back the property.
The first step toward selling your house is getting it ready to put on the market. You’ll need to find a trusted real estate agent who can help you sell your home. Then, they can recommend minor repairs or changes to your home that can help get you a higher sale price. It might take a couple of weeks to get these repairs completed. Then, you can prepare your home for listing. Your real estate agent will stage your house, hire a photographer and possibly someone who can create a virtual tour, put a for sale sign in your yard, and list your home!
Putting Your Home on the Market
This step in selling your home can vary depending on if you are in a buyer’s market or a seller’s market. If you are in a buyer’s market, homes might be on the market for a longer amount of time. There is more inventory, so buyers can be choosier with their decision and it can take much longer to get your house sold.. If you are in a seller’s market, however, you might see a very quick turnaround with your sale. Sometimes, you can go from listing your home to accepting an offer in under a week! For example, if you list your house on a Thursday, have showings and open houses over the weekend, review and counter offers on Monday with final offers due the following night, and accept a final offer on Wednesday, your home has only been on the market for six days!
The Escrow Process
The escrow process can also vary in length, which will be negotiated in your contract - often, it’s around thirty days, but it can be longer or shorter depending on different contingencies and if you need to lease back the property.
Conclusion
The amount of time it takes to sell your home can vary depending on the market, but with a trusted real estate agent, you’ll be moved out in no time!
The amount of time it takes to sell your home can vary depending on the market, but with a trusted real estate agent, you’ll be moved out in no time!
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