How Long Will it Take to Sell Your Home
What to expect on your home selling journey
So you’ve decided you’re ready to sell your home, but you’ve got one question on your mind… how long will it take?
How long it takes to sell your home will depend on several factors related to what’s going on in the market when you finally decide to list.
Are homes being purchased faster than most people can get an offer in?
Or does it seem like no one is buying at all right now?
Maybe you’ll decide to take a more aggressive approach on your sales price. A more aggressive approach may help you sell your home faster, but again, the state of the market will play a big role in exactly how quickly it goes.
On the other hand, you may want to shoot for the moon and make a pretty-penny selling your home, which is definitely possible if the market is right. However, that could mean waiting a little longer for the right buyer to come along.
There are other things to consider too, like prep work. Are you going to make repairs to your home? Touch up some paint? Style the rooms so that they look their best? Or do you plan to sell your home as is?
How does your home stack up against the competition and how fast other homes are selling? All of these things matter.
Bottom line, there are a lot of things to consider when it comes to how long your home will sit on the market.
Going Under Contract
I may not be able to tell you how quickly your home will sell in a static blog post like this (reach out and we can talk), but one question I can answer is how quickly things will move once your home is under contract.
While things can always change, for the last 15 years or so, most deals are under contract for 30 to 45 days. So, if all goes well, your prospective buyer will close on your home 30 to 45 days after going under contract.
Now, there still may be a lot of things that have to happen before we can go on a contract. Like if you’re planning to do any home prep. All prep work should be complete before your home goes into contract, because once that happens, things go really fast.
That being said, you’ll want to have a plan for getting out of your home.
- Where will you go once the home is sold?
- When and how will you be removing your personal items?
- Do you have plans to buy a new home?
- What arrangements need to be made before you release ownership of your home?
Once Your Home is Sold
If you haven’t made plans for what to do after your home is sold, maybe you’re thinking you can rent your house back from the buyer until you’re ready to leave. Do you have to have all your stuff moved out once the contract closes?
The short answer is yes, generally you should have all your things moved out by the time the buyer closes on your home. And if you’re thinking about whether or not you can rent your home back from your buyer, the answer is, it depends.
Does the buyer need to be in the home right away? If not, they may be willing to rent the home to you for a couple of weeks while you’re moving out. However I do have to be honest here… don’t count on it. If we can make it happen, awesome, but you’ll definitely want to have a backup plan.
The Bottom Line
So how long will it take to sell your home? The answer here is it depends. There are a lot of things to consider, and the best thing you can do to figure out how long it may take to sell your home is contact a realtor.
- What does the market look like?
- What kind of sales price are you looking at?
- How much prep work are you planning to do if any at all?
- How does your home stack up against other houses on the market?
Taking these things into consideration will help you get a clearer idea of how quickly your home will sell.
Don’t forget, once your home goes under contract, it typically takes 30-45 days for the sale to close. Make sure you have a plan for relocating and removing all of your belongings from your home.
If you’re thinking about selling your home, download my home seller checklist to learn more about what you’ll need to get started.