Andrea Ballesteros June 27, 2024
When you're ready to sell your home, speed is often a top priority. You might be wondering just how long the whole process will take and what you can do to expedite it. The answer? Team up with a local real estate agent. These experts have a finger on the pulse of your area’s market, providing insights into how quickly homes are selling and what factors are influencing those timelines. With their guidance, you can set realistic expectations and develop a strategic plan tailored to today's market.
One key factor your real estate agent will walk you through is the current supply of homes for sale. Recently, the number of homes on the market has been on the rise. This is great news for you as a buyer, as it means more options to choose from when you’re house hunting. However, it also means that as a seller, your home faces more competition, and it’s crucial that your property stands out to attract buyers quickly.
The available inventory includes both new listings (homes recently put up for sale) and active listings (homes that have been on the market for a while but haven't sold yet). Data from Realtor.com highlights that much of the recent inventory growth comes from these active listings that are lingering on the market.
Imagine the housing market as a bustling bakery. Freshly baked bread flies off the shelves, but loaves that have been sitting out too long start to lose their appeal. Homes work the same way. New listings are hot commodities, drawing in eager buyers. But if a home is overpriced, poorly presented, or lacks a robust marketing strategy, it can linger on the market and become less attractive over time.
Speed is crucial when selling your home. A professional real estate agent ensures your listing remains fresh and doesn’t become one of those stale, overlooked properties. The National Association of Realtors (NAR) states:
“Home sellers without an agent are nearly twice as likely to say they didn’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”
A knowledgeable agent will incorporate the recent inventory trends into their strategy, customizing a selling plan for your home. They’ll provide valuable insights into local market conditions, help you set the right price, and craft a marketing plan that makes your home irresistible to buyers.
Don’t let your listing go stale. If you want your house to sell fast, partnering with a local real estate pro is essential. Let’s connect so you have an expert who understands current market trends and knows how to craft a strategy that ensures your house sells quickly and efficiently. Reach out today, and let’s get your home sold!
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