A number of factors can come into play when it comes to the timeline for selling your home. Let’s take a look.
Location and neighbourhood desirability have traditionally impacted marketing the most. Good location and community appeal attract more interested buyers and can greatly reduce the number of days your home is on the market.
When interest rates are low and the economy is doing well, there will be more qualified buyers. An often-overlooked factor in the loan qualification process is that the house must also qualify for the sought-after loan. A home with lots of deferred maintenance or significant code violations runs the chance of receiving a negative appraisal for the buyer’s loan, potentially causing the deal to fail and the house going back on the market in search of a cash buyer.
A home’s age and amenities will influence a buyer’s decision to make an offer. A home will sell faster if it is in move-in condition, with a buyer having to do very little to make it “home.”
Your house should “hit the market running” and can do so by having a competitive listing price that comes from a proper valuation of recent comparable sales and active listings. Most buyers have done their homework and will be drawn to those properties that present good value and will appraise near the sales price.
Knowing the market trends of who is buying, what the present supply of housing inventory is and the demand for that inventory are also key factors that will influence your days on the market.
We want to help you enhance the positive factors so that they can offset those influences that we cannot control. Our goal is to make the marketing time for a home sale as predictable as possible.
If you have any questions about factors that impact the selling timeline, please give me a call or send me an email. I would be happy to go over them with you. I’m always here to help.