Determining How Long it Will Take to Sell Your Home

Posted by Janis Penick on Monday, June 1st, 2020 at 3:23pm.

How Long will it take to sell your homeWhen you are ready to sell your Bastrop home, there are many unknowns. The two biggest questions most homeowners have are how much will it sell for and how long will it take to sell. It’s hard for anyone to answer these questions with a definite answer but after we evaluate the current market and review your home, we can  offer a good idea of when your home might sell but it is truly just our best guess.

One thing to remember when pricing your home is that the price can cause your home to sell faster or slower. For example, if the current market value of your home is $275,000 and you list it for $285,000, it is likely to take some time to sell. List that same home for $270,000 and you will likely have many showings and possibly multiple offers in a matter of days. If you are hoping your home sells quickly, it is important to price it appropriately. In some cases, a lower price can generate more showings and a better price if you receive multiple offers that drive the price up.

In most markets currently, home inventory is still limited causing homes to sell quickly in many cases. While this can be to your advantage, it is still in your hands. Price and condition will be a big factor in this and if your home is overpriced and poorly presented, it will not attract the same positive attention that a well-priced home in great condition will.

Your online presence is extremely important so take the time to make your home look its best so potential buyers can see all of its wonderful features from your online listing. If you don’t think your home looks its best, chances are others won’t either so take the time to prepare it for the market and for photos. The importance of your home’s photographic appeal cannot be stressed strongly enough. Make certain that the interior and exterior of your home are neat and tidy in all photographs. Consider the position of the sun, glare, shadowing, etc. to ensure that only quality photographs of your home are posted online.

Working together, we will come up with a marketing plan that will improve your home’s appeal to potential buyers and increase your chances of a quick sale. Contact us today for a consultation. We will be happy to answer any questions you may have, and help you determine the value and most likely marketing time of your home.

The Janis Penick Team

RE/MAX Bastrop Area
Serving Bastrop, Cedar Creek and Smithville
janis@janispenick.com

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The Janis Penick Team is your ultimate real estate resource for Bastrop, Cedar Creek and Smithville, TX.

Image by nile from Pixabay 

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