Your Home Has Been On The Market How Long?!
One of the first questions you’re asked, as a Realtor, is “How long will it take my home to sell?”
Well, that depends on a few things. If you listen to my advice and price it at fair market value (for its location and condition) it will take between 3-4 months to sell in today’s market (see chart above).
If you’re in a hurry to sell, you’ll want to price it slightly below market value and it will probably sell in a matter of days or weeks.
But, if you’re like the majority of home sellers, you’ll want to price it way above fair market value (every seller has their own good reason to do this) and it will sit on the market for six months to a year and then eventually be taken off the market, or worse, you’ll end up lowering your price way below what you could have sold it for in the first place and it will finally sell to some very lucky buyer.
And then, of course, you’ll blame the three real estate agents you hired and fired who couldn’t sell an overpriced home in this market. But don’t feel bad. You’re not alone. You’re just doing what everyone else does. Very few sellers price their homes to sell. Which causes another problem. When they do, and their home sells in a few days, they often feel that they’ve priced it too low. But that’s a topic for another post.
If you would like help pricing your home to sell at the best possible price and in the least amount of time and with the least hassle, please call or email me at stevestewart@kw.com and I would be happy to assist.
Want to know what your home is worth in today’s market? CLICK HERE and find out.
