Selling your house can be a large feat.
Hiring an agent will almost certainly take much longer than a direct sale, and it will cost you more in the long run! Keep reading to learn how the time it takes to sell will affect your financial situation.
While there is no way to predict how long it will take to sell your house when you list it with a [market city] agent, you can plan ahead if you sell directly. In our latest post, we will look at how long it takes to sell a house and the common factors that contribute to delays.
If You List…
Getting It Ready For The Market
If you decide to put your [market city] home on the market, you will need some time to prepare it for sale. You’ll want to clean the house, remove personal items, make repairs, and possibly stage it for showings.
Finding The Right Agent
Selecting an agent can also be time-consuming. You’re not going to want to work with the first agent you come across. Rather than that, you’ll probably conduct some research, speak with recent sellers among your friends and family, and reach out to a few agents before deciding who to hire.
Waiting For A Buyer
You’re at the mercy of the market once the house is listed. There is no guarantee that you will find a buyer immediately or that you will receive the asking price. Your property may sit on the MLS for an extended period of time, only to receive lower-than-expected offers. You never know how long this part of the process will take, which makes planning ahead difficult.
The Inspection Process
Once an offer has been made, your buyer’s lender will require an inspection and appraisal. The loan will not be funded if the property does not appraise for the amount they are lending. If there are issues with the property, you will either need to make additional repairs or negotiate a lower price with the buyers. Make sure to prepare for this step when pricing your home. After an inspection, the value of your home may significantly change. Some sellers even pay for the inspection themselves prior to placing the property on the market. This will prevent any unpleasant surprises following the submission of an offer.
The amount of time that escrow can take varies according to the buyer’s and seller’s agreement terms. The buyer may request repairs before agreeing to contingencies, and lenders may require additional time to fund the loan. Escrow typically takes 2-4 weeks+.
Once the escrow process is complete, the buyer and seller must agree on a mutually agreeable date to sign the paperwork. You’ll meet at the title company, go over all of the paperwork, and then… sign on the dotted line.
When You Sell Directly…
Get An Offer
You will receive an offer right away if you sell directly to Present Day Properties. It is then up to you to decide whether or not it is the best option for you. We understand that you may require some time to consider your options or run the numbers. We will never pressure you into a sale.
If you accept our offer, the transaction can be completed in a matter of days. You’ll avoid all listing costs (repairs, commissions, closing costs, and so on) and be able to plan ahead because you’ll know exactly when the house will close if you sell it directly to Present Day Properties. For a large number of properties in [market city], a direct sale is the more expedient and cost-effective option. You will not need to make repairs or hire an agent in order to sell. Find out if a direct sale is right for you before you decide to list! There is never any commitment!