How long does it take to sell a house? It depends on your local market conditions, demand, and your decisions on the home and your satisfaction on the selling process.
If your home stays for a long time in the market it’s not good. There are many factors that determine how quickly your home sells. Your neighborhood, the current state of your home and market conditions all play a role.
If you’re in the beginning stage of this process, you may not know how long it takes to sell a house. And you’ll find whether there are any ways to speed up this process
Here are the steps you can expect to take
Hire a Real Estate Agent
A real estate agent can help you through every step of the home sale. A Realtor will give the homeowner a clear picture of the current happening in the local market, this will provide a market analysis of the home. Sellers should properly hire an agent who can communicate with them about the market value of their home, and the process of selling.
Listing The Property
The first step for selling a house is accurately pricing and listing it. Once you’ve done listing, your real estate agent can schedule showings and potential buyers to view the property.
Even the time of year shows a huge impact on how quickly your home sells. A qualified real estate agent will understand how to evaluate the various factors and help you understand them.
Accepting An Offer
If you start receiving offers on your house, you can negotiate the final price. You can receive an offer that is much lower than what you were hoping for. If this is the case, you can either accept the offer or negotiate for an even more exciting deal.
If you and the buyer are satisfied with the price then accept the offer and sell it.
Appraisal And Inspection
After accepting an offer, the homebuyer’s mortgage lender will require an appraisal of the property to determine the market value.
The appraisal process depends on the complexity of the appraisal as well as the appraiser’s schedule and workload. It may take from a few days to a few weeks.
An inspection may also be required before closing which takes place from seven to 10 days after an offer. This also depends on the size and condition of the property.
If there’s an appraisal or inspection contingency in the contract, the buyer can quote the price for negotiating repairs to the seller or they can walk away from the deal if there are any serious problems.
It’s time to close on your home and sign over the house to its new owners. This is the final stage where you’ll review and sign the closing documents and receive the amount for sale.