Everyone want to know how long it takes to sell a home!
I get asked a lot – How long will it take to sell my home? or What is the average days on the market to sell a home?
They confuse 90+/- days of average time on market with meaning that most homes, or more importantly their home will take 90 days to sell. 90 days average means that many homes (the ones that were priced right) sold in the first 2 to 4 weeks on the market, however many others sat on the market unsold for 4, 5, or 6 months or more, which then helps comprise the average days.
If the Realtor that you are interviewing concurs that the average days on the market are, whatever they are, and that yes you should expect to sell in and around that time frame, you need a different Realtor!
Besides who wants average anyways?
Here’s the bottom line. A home that is priced right for the current market, well exposed and marketed with good quality photo’s and a virtual tour, should expect to be under contract, or pending sale as some call it, within the first 2-6 weeks max on the open market.
In most markets and certainly here in my market in SW Florida, Cape Coral, Fort Myers and Lee County there is a large pool of buyers anxiously waiting for the right home for them to come on the market. Most buyers do their due diligence of visiting many homes before making a purchase decision. So the supply of homes that is on the market and therefore “unsold” for one reason or another, has been vetted by the pool of buyers. When we list a new home for sale that is priced right, boom! The pool of buyers immediately notice the new listing. If we hit the price right, multiple showings will begin and offers to purchase will follow.
The bottom, bottom line! Most sellers are unwilling to accept what the true value of their home is when they first list it for sale. So, we list a little higher than we should, then after 4-8 weeks when the seller begins to realize that maybe it’s priced higher than the buyers are willing to pay, they agree to reduce it. Homes are not like beef or wine. They don’t need an aging process to make them more enjoyable or desirable.
How many days will your home be on the market? Well that’s entirely up to you.
We invite you to like us on facebook, follow us on twitter and connect with us on linkedin. We hope that you find our website to be a great source of information and visit often. Whether you are looking for Homes for Sale, Moving Resources, or even Mortgage Information everything you need is right here.
We will always be available for personal service by phone or email, so feel free to contact us with questions any time! My offices are located on 2326 Del Prado Blvd. S., Cape Coral, FL 33990. You can reach me at 239-425-2503 or email me at Bob.Ashworth@gmail.com and you can visit my website at www.BobAshworth.com.