Are you undergoing the process of selling a house for the first time? Do you know how long you should expect the sale to take?
At Wise Property Buyers, we buy houses in Detroit. We can help you understand why selling for cash is often in your best interest, especially when it concerns your timeline. If you want to sell fast, we can help.
The Traditional Sale Process
According to Redfin, you can expect to spend about 58 days selling your home as of 2024. This includes 32 days on the market and 26 days to close. However, several things can affect how quickly your home sells.
Market Conditions
When the market favors buyers, you’ll wait longer for an offer because they have more options. In a seller’s market, buyers will have trouble finding a house, so you’ll likely sell your home faster than average.
Pricing
While you don’t want a low listing price where you lose out on money, you also shouldn’t price your home too high. When you price your home higher than its perceived or actual value, buyers will think it’s a bad investment, and you won’t have many offers.
Perceived Desirability
The longer your home stays on the market, the more concern prospective buyers will express. They’ll wonder what’s wrong with it or whether you’ve overpriced it.
Condition
A home’s condition greatly affects the process of selling a house. Houses in good condition sell faster than ones that need repairs. If your home could benefit from repairs, you’ll have to weigh investing money into it to facilitate a faster sale or settling for a lower offer and slower process.
Location
A house in a better location sells more quickly than one in a worse neighborhood. You can’t control this fact, but you should factor it into your expectations.
Avoid Delays With This Modern Selling Tip
Did you know you can find home-buying companies that let you close in seven days? With these companies, you’ll avoid working with an agent, scheduling showings, and the arduous marketing process. If you have a restricted timeline and can’t wait two months to sell your home, finding a company that makes fair cash offers and fast closing times is your best option.
You’ll avoid the negotiation because you’ll receive the best offer possible. You also can keep all your profit rather than spending it on additional expenses like:
- Staging your home to make it look better
- Inspection fees and the subsequent repairs
- Closing costs
- Agent commissions
- Tax considerations
By working with an as-is home-buying company, you can sell any type of home, including apartment buildings, your condo, or undeveloped land. They’ll buy the property in any condition without requiring you to invest money into the sale.
Sell Your Home Today
If you’re navigating the process of selling a house before paying off your mortgage or have other concerns with the process, our Wise Property Buyers team can help. We’ve offered fair cash offers and fast closing times for Detroit homeowners since 2020.
To obtain your offer, call (313) 513-8824.