There are several factors that can affect how long it may take to sell your house.
The most common factors include the market conditions, the price of the home, the location of the home, the condition of the home, marketing strategy, and the availability of potential buyers.
Market conditions an influence the amount of competition for houses in the area, which can affect how quickly a home sells. This includes interest rates, local employment rates, and overall demand in the area.
If rates are high and buyers pull out of the market, sales will slow down and prices will decrease.
Market conditions is a factor in the home selling process you don’t have control over. All you can do is position yourself appropriately in the current market.-Jenna Martindale, Realtor at Edina Realty in North Oaks, MN
An overpriced home may remain on the market for longer than a home that is priced competitively.
Pricing your home at market value will attract the most amount of buyers.
More showings equal more chances to receive an offer.
More offers increase your chances of receiving a higher offer price on your home.
Pricing is a complex topic and one that can’t be summed up in this post but I will say that your pricing strategy has to be unique and specific to your home, your market, and your goals.
More on pricing here: First Time Home Seller Advice
Location of your home can also play a role in how long it may take to sell your house, as certain locations may be more desirable than others. School Districts as well as large employers play a large roll in certain locations being in demand.
Again, an in depth look into your specific neighborhood and area is necessary to accurately price your home to sell it as quickly as possible & for the most profit as possible.
Condition of your home has an enormous influence on how quickly your home will sell, as buyers may be more willing to purchase a home that is in good condition than one that needs a lot of repair or maintenance.
If all of the above is in place, (location, pricing, condition, market health) you may have an issue with the 𝙢𝙖𝙧𝙠𝙚𝙩𝙞𝙣𝙜 𝙨𝙩𝙧𝙖𝙩𝙚𝙜𝙮. Have a talk with your Realtor about what they’re doing to highlight the features of your specific home and re-evaluate the plan moving forward.
I hope this information was helpful – it’s always my intention to educate and empower you to make the best real estate decisions for you.
If you’re ready to start your home search, reach out! I can set up your home search in minutes.
Have a home to sell? Start here & I’ll email you a free home valuation.
You can find more helpful information on my YouTube Channel At Home in Saint Paul.
How Long It May Take to Sell Your House & Why