Selling a home can be a challenging process. In fact, selling a home can be downright difficult if you don’t prepare your home for sale properly. Doing so involves understanding what factors can affect your ability to sell your home and taking steps to prevent those issues. With that in mind, the following are four important factors that can affect how long it takes to sell your house:
- Listing price – If you’re asking for more than the market value of your home, then fewer buyers will bother looking at it. Very few people will pay over market value for a house, which means your home could remain on the market for quite some time if it’s overpriced.
- Condition – Not only should you make repairs wherever they are required, but you should consider investing in simple updates as well, such as repainting the walls if the color has started to fade. A house in poor condition is less likely to sell for the simple reason that buyers don’t want to spend more money improving the home’s condition, nor do they want to spend the time it takes to do so.
- The local market – The local real estate market can dictate whether your home sells quickly or not. If you’re in a seller’s market, it means that there are lots of buyers competing with each other, which can make your home sell faster. However, if you’re in a buyer’s market, it means that there’s a large supply of homes for sale but fewer buyers who are interested.
- Poor marketing – You need to do much more than just list your property online to attract potential buyers. You need to stage your home effectively, take professional photographs, write detailed descriptions, and advertise on the right platforms to attract your target buyers. Poor marketing means fewer buyers will even know about your property.
You can prevent these factors from affecting your sale time by working with a local real estate agent. To speak with an agent about selling your home, contact us at Randy Lindsay today.