In 2018, about 5.34 million existing homes were sold in the United States. Since then, many homeowners have put their properties up for sale.
Of course, one of the top concerns for all home sellers is how quickly they can find a buyer for their homes. In truth, many factors can influence the selling timelines of homes. These factors include the time of year, the type or condition of the house on sale, housing market conditions, and so on.
So how long does it take to sell a house in 2019? More importantly, what can you do to get your house to sell faster. That’s precisely what this comprehensive article deals with. Keep reading to find out more.
How Long Does It Take To Sell A House In the U.S. in 2019?
Currently, it takes approximately 68 days to sell your home. However, it is essential to note that the average length of time for selling a house varies significantly depending on the state you reside in and the season you’ve listed your home.
For instance, if you reside in Indiana and list your house during the summer, you can sell your house in just 13 days, on average. If you choose to sell your home in the winter, on the other hand, you can expect that period to increase to 48 days.
In Vermont, a house listed in the spring takes 149 days to sell. In summer, the same house would sell in 86 days, on average.
Other sections of the real estate process do not differ significantly, regardless of your state. These sections include:
- Offers and negotiations: typically, sellers respond to offers within 72 hours. Once they like an offer, negotiations can commence. Negotiations, in most cases, take between 1 and 2 days.
- Home Inspection: Generally, the buyer has between 5 and 10 days to complete the presale inspection.
- Counteroffer and negotiations: after the house inspection, the seller and buyer will want to renegotiate. In most cases, renegotiations are over in a few days.
Key Factors That Influence the Period It Takes to Sell a House
As noted earlier, there are many factors that influence how long it takes to sell a home. In this section, we expound further on the four main factors that determine how long a house stays on the market.
The Price of the House
Price is perhaps the most significant factor in determining the success of a home sale. If you price your home too high, potential buyers will claim the property is too expensive. One the other hand, if you price it too low, they’ll think there must be something wrong with it.
So what should you do?
The best idea is to find a competent real estate agent who can perform a comparative market analysis before pricing your home. By looking at how similar properties recently sold and the open listings, they can determine a competitive price for your home.
The Condition of Your Home
How’s the curb appeal of your home? Does the house have foundational issues? Buyers can make a decision on whether to make an offer or not based on the first impression they have of your home.
A dirty home with a roof that’s falling apart and untidy compound will have trouble attracting buyers. Take the time to find out what inexpensive repairs you need to do before your property hits the market.
The Location of Your Home
You’ve probably heard that in real estate, location is everything. Just think of the difference in days it takes to sell a house in Vermont compared to Indiana. Unfortunately, there’s nothing you can do to change the location of your home, unlike pricing and condition.
The Time of Year
The time of year you decide to sell your home can have a dramatic difference on how long before a house sells. Generally, selling in the winter takes longer than selling in the summer.
Tips on How to Sell Your House Fast
We’ve already tackled the question: how long does the selling process take? Now, we’ll look at three things a home seller can do to get their home fast.
Find a Top-Rated Realtor
Working with a seasoned real estate agent is the smartest investment you can make when selling your home. The real estate agent already has years of professional experience in pricing homes and can market it aggressively, besides negotiating the best deal for you.
Set a Competitive Price for Your Home
One of the common mistakes home sellers make is to price their homes improperly. When it comes to most other things, people love freebies. In real estate, however, things are different.
If you price your house too low, it’ll most likely just be just as difficult to sell it as if you price it too high. Buyers will think something is wrong. A reputable real estate agent should be able to help you in this step.
Make Meaningful Improvements and Repairs
The keyword here is meaningful. In most cases, the smallest repairs have the most significant impact.
You don’t need to spend a fortune transforming the home. Simply think strategically on what fixes and improvements you need to make before you list your home. For instance, by spending a few hundred dollars on a smart home tech can boost your home’s market value significantly.
Your realtor should be able to let you know the latest local trends and what’s most attractive to buyers. This way, you can invest your money in the right improvements and repairs.
Sell Your Home Faster
So how long does it take to sell a house in your area? Well, that comes down to some of the factors highlighted above. Ultimately, however, it’s possible to get your home sale go off more quickly. All you need is the help of a reputable real estate agent, a competitive price for your home, and a few impactful improvements.
Would you like a great deal for your house? Contact us today and get a cash offer.