In most cases, selling a house doesn’t happen overnight. So how long does it take?
Once you decide to sell your property, the clock begins ticking — and time is money! How much time it takes to sell a house comes with many variables, including how you choose to sell your home, the condition of your property, your listing price, where your house is located, and many other contributing factors. Today’s real estate market is hot, hot, and hot, making a massive difference in how long houses are sitting on the market before they are snagged. Today, we’re taking a look into how much time it takes to sell a property.
Continue reading to learn more.
How Long Does it Take to Sell a House?
Because today’s market is ever-changing, it can be tricky to nail down exactly how much time it takes to sell a home. However, the National Association of Realtors (NAR) reports that, in November 2020, the typical property sold was on the market for three weeks. Of course, today’s market seems to be a touch hotter depending on the house. This timeline can significantly vary from sale to sale. Other factors that go into play include the time of year, the type and style of the property being sold, the type of market (buyers’ or sellers’), the buyer’s financing situation (how long it takes for them to get a loan approval), marketing, and more.
Here’s a quick overview of the home selling process:
STEP 1 — Find a Real Estate Agent — Finding an experienced and trusted agent could take weeks.
STEP 2 — Clean, Prep, and Repair — Getting your house ready to list can take weeks or months, depending on the condition of your home.
STEP 3 — List Your House and Market — Now, you can list and market your house several weeks or months later.
STEP 4 — Showings — You’ll want to show your home to as many potential buyers as possible. Getting as much exposure to increase your chances of multiple offers can take a couple of weeks.
STEP 5 — Offers — Going through your offers and finding which you want to accept can be time-consuming.
STEP 6 — Work Out Contingencies — This step can be incredibly time-consuming, adding days or weeks to the sales process.
STEP 7 — Closing — If all goes well, and sometimes it does, and other times it doesn’t, you can close in an hour-long appointment.
When is the Best Time to Sell a House?
In terms of sale speed and the shortest amount of time on the market, the best time to sell your Texas house is mid-spring and early summer, as the temperatures begin to warm up, but before the heat and humidity set in. In the past, the best time to list your house was May 1st through May 15th. However, with the national home shortage and colossal buyer demand, it appears that any time is an excellent time to list your house for sale.
Selling a House? Contact Texas Sell Now Today!
How much time it takes to sell a house varies from situation to situation. In some cases, you’ll have offers pouring in within hours or days. And in other cases, it could be weeks or months.
Thankfully, if you’re looking for a quick and painless sale of your Dallas or Fort Worth property, you can contact the home buying professionals at Texas Sell Now. We want to buy your home in its current condition — no repairs, renovations, or cleaning necessary! And because we do not require financing, we can close with a reputable, local title company in as few as seven days. Contact Texas Sell Now to sell your house today.