30 to 90 Days To Sell A House
When a person is interested in selling their home, they are usually unsure of how long it normally takes a home to be sold. Most individuals would love to be able to sell their home on the first day it is on sale but that rarely occurs. Rather, a more realistic timeframe is 30 to 90 days for your home to be sold, or one to three months.
Pricing Your Home
Much like other industries, selling a home in the real market industry requires that you do not list a sales price that far exceeds the market value of your home. Regardless of what condition your home is in or the amount of money you spent on renovating your home, there is a certain cut-off in terms of accepted sale price. If you were to exceed this cut-off price, you will notice that the amount of interest will decrease and that the amount of interested buyers will be much lower.
Generally, a good way to gauge whether or not your asking price is too high is if you are unable to sell your home within 30 to 90 days. Your home could be a perfect home but if it hasn't been sold within three months, it is because the asking price of your home exceeds its market value. On the other hand, if you are able to sell your home within one to two weeks, then you have given your home an asking price much lower than the market value.
Compare Prices
Consequently, it is important that you give your home a reasonable asking price that corresponds with its market value. At its most basic, market value refers to the price in which your home will sell within a reasonable period of time. A good way to gauge the market value of your home is to analyze the price that a home in a similar condition was bought for that is also close to your neighborhood.
By giving your home for sale a reasonable selling price that corresponds with its market value, you should be able to sell your home within 30 to 90 days.
