How Long Does It Take to Sell a Home?
Selling a home is a stressful process made more stressful by the fact that the process is never the same twice. Selling a home depends heavily on the home itself, its location, and the market. Pinning down an average length of time is difficult. The timing also varies according to the method used to sell the home. Real estate assisted traditional selling typically takes the longest. For sale by owner sales can be quicker, but are riskier. Selling to a real estate investor is the quickest and most reliable way to sell.
Real estate agent assisted traditional selling
Trying to pin down an average length of sale is extremely difficult. For the right home in the right market, the average length of time to sell could be as little as 10 to 21 days. In six months, the average length of time to sell could have jumped to over four months. Real estate agent assisted selling is geared towards trying to make the most money from the sale. You start with a high asking price and gradually lower it. If you have the time to play the long game and are willing to risk the housing market falling, you can make money taking the slow approach to selling. This method can pay off, but it’s definitely not right for everyone.
For sale by owner through self-listing
Taking your sale into your own hands is a risky move. Most people don’t have the same knowledge of real estate law that a realtor has. It’s totally possible for you to successfully and legally sell your home on Craigslist, social media platforms, or so forth. You have to do your research ahead of time and trust your gut when it comes to selecting a buyer.
For sale by owner properties tend to move faster than traditional listings because the seller is more motivated. You cut out the middlemen and the downtime involved in this. A motivated seller and no middle men mean you can often move a property in several weeks to months. How quickly you sell depends on the effort that you put in.
Real estate investors purchase
Selling your home directly to real estate investors combines the speed of selling without middle men with the comfort of knowing your deal has been looked over by a professional. Real estate investors are looking for properties as they are, with an eye to what they could become. They work efficiently to assess a home and make their offer. If you choose to accept it, they have the funds easily accessible. You don’t have to wait for real estate investors to find a loan, etc.
While times still vary, you may have an offer from the investors in a few days. You could have your money in two weeks, in some cases. In any event, selling to real estate investors eliminates some of the snags that slow down deals. If you’re looking to sell your home quickly so you can move for work or because the home is being foreclosed on, selling to a real estate investor is the best way to get money quickly.
The average length of a home sale is difficult to determine. Typically, working with a real estate agent takes the longest. Selling yourself is quicker, but risky. Working with real estate investors to sell your home gives you money quicker and allows the deal to be looked over by professionals. It removes some of the burden of paperwork from your shoulders while putting cash in your hand fast.