How Long Does the Home Selling Process Take?

How Long Does the Home Selling Process Take?

Are you dreaming of packing up and putting a key into your mailbox?

Anytime you’re shifting housing, it’s an adventure. There’s lots to do, decisions, and things to consider.

It’s more complex than calling up your existing landlord and politely asking them to return your deposit or your roommate asking about their side of the room. You’re moving to a new place, and the selling process is broken down into phases.

Read on to see the timeline of a home selling process.

Preparing the Home

Preparing a home to sell is one of the most critical steps in the home-selling process. The time needed to design a house will vary greatly depending on its condition.

If the home is already in good condition and has been maintained, it may only need a few minor repairs and a deep cleaning before it is ready to be listed.

Listing the Home

Selling a house begins with listing the home. How long this takes depends on various factors, from the current housing market to the property’s condition.

Working with a real estate agent can help speed up the process and ensure everything goes smoothly. On average, it usually takes a few weeks to get the property ready to list. Once the listing goes live, selling can still take several weeks or months.

Marketing the Home

The home selling process generally starts with a home for sale. Usually, it can take several weeks to months how to sell a house and wait for offers.

Receiving offers and negotiations, usually takes another 30 to 45 days for the buyer and seller to close. If a mortgage is involved, completing it can sometimes take longer as there are additional steps and financing must go through. In some cases, the entire process could take well over six months.

Receiving Offers

The time it takes to receive offers from interested buyers depends on market conditions. If the housing market is scorching, offers may come in much faster than someone who puts their home up for sale in a slower market.

At the onset of the process, working with a reliable realtor who will help find a buyer faster and ensure you’re getting a fair deal is essential. Once a home is ready to be shown, buyers should be contacted and a showing covered as soon as possible.

Once offers come in, you have 3-7 days to review them and usually need to respond within 1-3 days.

Closing the Sale

The home-selling process can take a few weeks to a few months. Buyers need to get financing and complete a home inspection before closing.

Once all legal paperwork is complete, inspections and appraisals are completed, and funding is approved, the closing can occur. Once the finish is complete, ownership of the property transfers to the buyer, and the sale is closed. You can visit if you need assistance in selling your house.

Incorporate the Home Selling Process Now

The home selling process can take anywhere from 4 to 8 weeks, depending on the situation and specific needs of the seller. Remember that preparation is critical to making the process run smoothly and efficiently.

Contact a qualified real estate professional today for more personalized help selling your home!

For more real estate tips, check out the rest of our blog.

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