HOW LONG DOES IT TAKE TO SELL YOUR HOUSE

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The true answer to this question is: it depends. Several factors such as where the house is located, the time of year you are trying to sell, and the appearance of your house – both inside and out can impact how fast your house sells, especially if you are selling through a realtor. These factors are much less of an issue when you work with a real estate investor selling for cash or terms directly to the buyer. Here’s a breakdown of the time it takes to sell under the three main options for selling your home.

SELLING THROUGH A REALTOR
This is generally the most time-consuming way to sell your house. Nationwide, on average a house will sit on the market for 70 days. Of course, as mentioned, this time frame can be dramatically changed based on factors both inside and outside of your control. You can not choose where your house is located – but it matters what state, city and even specific area of a city your house is in as to how long it can take to sell. What time of the year you need to sell or choose to list your house also can influence how long your house will sit on the market. In general fall and winter months have fewer home sales then in the spring and summer months. Another big factor is the appearance and condition of your house. If you want your home to sell quickly through a realtor, you will have to put in the time and money to improve the look and condition of your house to appeal to buyers. This includes keeping your curb appeal up as well as making sure the house stays in top notch condition inside. You never know when a potential buyer may drive by or be interested in viewing the house and if you want to sell quickly, being able to accommodate them is key.
When a potential buyer is found, often offers and counter offers are made before the sale is finalized and this can add even more time to the final sale. Your real estate agent also plays a major role in the length of time it will take to sell. Their drive to sell your house and connections they have will influence how quickly they are able to make a sale. Unfortunately, most realtors require you to sign a contract keeping them as your realtor, even if you are not satisfied with the effort they are putting into the sale of your house. Satisfied or not they will still be entitled to a commission once the house finally does sell and you will probably owe money towards the closing costs and fees. The bottom line being that this method besides taking a great deal of time can also cost a great deal of money.

OWNER FINANCING
Communicating directly with the buyer and cutting out the middle man means that any negotiating generally happens quickly without the need for slow back and fourth dealings through a third party. In the end though, unless negotiated otherwise, you will be responsible for closing costs and fees as well as paying for an attorney to help with all the legal paperwork and filings that goes with selling your house. Overall this way is going to be much more dependent on your own personal drive to sell your house and will still probably cost a fair amount of money even if it is faster.

SELLING TO AN INVESTOR
This is going to be the very quickest way to sell your house. In most cases real estate investors are able to see your house, negotiate with you directly, and buy your house in 10 days or less. Investors are ready and interested in buying houses any time of the year, so if you need to sell in those difficult fall or winter months it’s not a problem. While it is a common belief that you will get a much lower amount for your house, should you choose this option, that is often not the case. It is important to keep in mind the amount of money that you save in time and money you would otherwise spend. Working with a real estate investor means that you don’t have to spend any time or money making any repairs or cosmetic changes to the house – they will buy it as is. Investors also pay for any additional costs that go along with selling a house; closing costs, legal fees, etc. As a great added bonus - they pay cash and because they work so quickly if what they offer doesn’t work for you, you’ve not wasted any time and can move onto another option.

No matter what avenue you take there are going to be pros and cons. We would love the opportunity to talk to you if you are in the market to sell and see what we can do to assist you in getting it done quickly and with the most money for your pocket. Let us be your Real Estate SOULution! - Where the Soul of Real Estate Meets Integrity & Experience.

Contact us:
For Louisiana: www.ibuylouisianahomes.com           225-800-4445
For Texas: www.yoursouldtexas.com/houston           832-956-0444

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