Have you thought about selling up and buying a new house? With the pandemic keeping us largely stuck inside for most of the year, it’s no surprise that many of us want a change of environment.
You might want to change cities or just the neighborhood where you live. You might even want to change States entirely. Maybe you live in the mountains of Vermont and you want some sun so have decided to up sticks to Flordia.
But what is the average time it takes to sell a house and does it even matter? Here’s everything you need to know.
How Big Is Your House?
The first factor that is going to determine the average time it takes to sell a house is how big your house is. The bigger the house the more desirable it is likely to be and the easier it will be to sell it.
But you need to be careful not to price yourself too high. Remember the higher you price the house the fewer people can afford to buy it. You need to decide if you’re going to wait it out for someone to come along and snatch it up or if you’re going to lower your price.
Where Do You Live?
Where you live will determine how easy it is to sell your house. At the moment everyone is selling up in New York and L.A because they are the hardest-hit areas of the pandemic. Now online working is the norm, people are fed up with paying expensive rates to live there.
But nobody wants to buy in these places. Instead, the hottest places to buy property now are Austin, Texas, Nashville, Tennessee, and more remote parts of the U.S where the property is a lot cheaper. This is one of the best home selling tips.
If you own property in any of these cities you might want to consider selling now as you may well get a higher price for them than if you wait until the pandemic is over.
What’s the Rush?
You may feel that you are in a rush to sell your house but you have to ask yourself, what’s the rush? Do you need to sell your house quickly or can you wait it out?
If you’ve got another house already lined up you might be keen to move into that and finalize the deal. But you could always decide to sell your current home first and take your time with it:
You can live in a hotel or temporary accommodations once your house is sold while you take your time to look for a new house. This way you could afford to spend months or years until you get the right price for your home.
If you are planning on starting a new life abroad this could be tricky. But you could still make it work if you employ someone to sell your house on your behalf while you are abroad, living in temporary accommodations abroad until your house is sold.
You also need to think about what your bottom line is. Start high and then gradually reduce the amount you are asking for as time goes on. It may be that you are asking for too much and no one is prepared to pay that. Equally, it could be that you haven’t found the right buyer yet.
When choosing a cash home buyer to buy your home be sure to check out these top tips to make sure you don’t get scammed.
Making Sure the Price Is Right
Making sure the price is right for your house is important. If you don’t get the right price for it you could end up locked out of the housing market. You don’t want to rush into selling your house so quickly that you end up at a poor price and can’t afford to buy your next home.
If you have a three-bedroom house in a nice area you want to make sure that you sell your house for enough money to be able to afford a three-bedroom house unless you are deliberately downsizing and intend to spend the money on something else:
Evaluate That House
You need to get your house evaluated first by an expert who knows their stuff. And you should also speak to a real estate agent to make sure you know what you are doing. Only use real estate agents you trust and like.
Be sure to vet them first, getting recommendations from people who’ve used them before. Also, search on Facebook using the search box and on Twitter to see what other people have been writing about them. If no one has said anything untoward about them and the reviews are good then proceed with them.
Ask them to give you an honest assessment of your house and how you can make sure it sells for the amount of money you want it to.
The Average Time It Takes to Sell a House: Depends on You
The average time it takes to sell a house depends on you. How quickly do you want or need to sell your house?
It can be worth taking your time with selling your home so that you can find the right buyer who is prepared to pay the price you want to. One of the best home selling tips is to make sure that you get a real estate agent to evaluate it for you and give you tips on how to improve it.
If you’re interested in learning more about the average time it takes to sell a house be sure to check out the rest of our site.