If you’re getting ready to sell your house, you’re probably wondering how long the home selling process takes. If you’re like most people, the sooner you can sell your house, the better.
Whether you’re antsy to move into your next home, pay off debt, or relocate for a new job, you don’t want to wait around for several months. However, selling a house traditionally takes time. Furthermore, the speed of your sale can be affected by countless factors.
We’re here to tell you all about it. If you’re wondering “How long does it take to sell a house?” keep reading for everything you need to know.
Prepping Your House for the Market
First, you need to determine how much work you need to do to get your house “show ready.” Did you know that the average homeowners spend close to $21,000 prepping their house for the market? These costs generally include everything from new paint, repairs, updates, staging, and more.
Not only does prepping your house for the market cost money, but it also takes a considerable amount of time. How much time it takes depends on the depth of your renovations.
Slapping on a fresh coat of paint throughout the house can be done in one weekend. However, if your home needs major repairs, you can spend weeks getting them done.
Listing, Tours, and Open Houses
Once your home is ready, it’s time to list it on Towamensing Trails homes for sale. If you’re in a seller’s market, you can expect to get offers on your home within the first couple of days. If the market is slow (a buyer’s market), it could take weeks to get a single offer.
This part of the home selling process requires opening up your home for tours and open houses. Other determining factors include:
- Your listing price
- The number of similar homes on the market
- The condition of your home
- Your location
- And more
During a seller’s market, it’s not uncommon for homes to sell during the first week. During a buyer’s market, homes can sit idle for months.
Offers, Inspections, and Negotiations
Once you get an offer on your home, the official house inspection will take place. This part of the home selling process is generally a requirement, depending on the buyer’s lender. If the inspection uncovers any major issues, a number of things can happen:
- The buyer could accept the issue but ask for a lower price
- The buyer might demand repairs before moving forward
- The buyer could walk away
- The buyer will agree to the price anyway
If repairs are required, it will take at least a week to fix the issues and get the home inspector back to the house to verify the remediations. If your home has a lot of damages and you want to “sell my house fast,” consider selling to a cash home buyer. In many cases, they’ll buy a house in any condition.
Underwriting and Closing
Finally, once you and the buyer agree to terms, the next part of the home selling process is the loan finalization. The lender begins the underwriting process.
During this time, the buyer must remain eligible for the loan. If they have any financial changes or changes in their job, it could reset the whole process or disqualify them entirely. If everything goes well, expect to wait six weeks or longer for the loan to close.
Want to Skip the Traditional Home Selling Process?
As you can see, the answer to “How long does it take to sell a home?” can vary greatly based on the circumstances listed above. Fortunately, if you’re in a bind or just want to sell your house as quickly as possible, there are cash home buyers who can assist you. They make selling a home fast, simple, and convenient. List it under homes for sale colorado springs co and you’ll find quick buyers.
And if you’re looking for more home selling tips or lifestyle advice, check out some of our other articles. Our blog was created to help readers like you.
Danny White is a freelance writer who offers to ghostwrite, copywriting, and blogging services. He works closely with B2C and B2B businesses providing digital marketing content that gains social media attention and increases their search engine visibility.