Blog Post

What Affects How Quickly Your Home Sells?

  • By Multifuse Team
  • 14 Jul, 2022

Selling your home is a process where time is of the essence. The longer the sale drags out, the more money you’ll end up investing, and it can have further complications for your job and family. If you want your home to sell quickly, keep the following factors in mind.

Your Home’s Condition

When an individual is looking to purchase a home, there are very few instances in which they are looking for a home in bad condition. Occasionally, someone may want a fixer-upper that they can renovate and personalizer themselves, but this is a less common occurrence. Traditionally, home buyers are looking for a home that is in great condition and fully updated. If your home requires any major repairs, this could keep it from selling quickly. Instead of risking a long selling process or a lower offer, make the necessary repairs on your home before you list it. This prep work can be frustrating, but it gives you a far higher chance that your home will sell quickly and for a higher price.

When You Sell

This aspect of home selling is something that many homeowners don’t consider. However, the time of year that you decide to sell your home can have a big impact on how quickly it sells. There’s lots of competition from other home sellers during the summer. However, the worst time to sell a home historically is the late fall and winter months. By this time, families have settled into school and work, and are less likely to make a big move. The best time to sell your home is in the spring before the summer real estate market gets too crazy. It also helps to sell your home in greener months to make the pictures of the properties more appealing.

Your Asking Price

When you’re selling a home, your asking price is one of the biggest factors in determining the speed of the sale. If your asking price is too low, you may not be able to pay off the mortgage. However, if the price is too high, fewer offers will be extended. It’s important to find the happy medium that accurately represents the value of your home. To find the asking price that is most likely to please everyone, have your home professionally appraised.

When homeowners decide to sell their homes, speed is often one of the biggest considerations. The sooner you sell your home, the sooner you can be free of the financial burden and have the freedom to find a new home. Be sure to keep these factors in mind to allow your real estate sale to go as quickly as possible.

Check out this article on how to expedite the home selling process!

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