When Selling Your Home Takes Too Long
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When Selling Your Home Takes Too Long
Bill Buys Houses
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When Selling Your Home Takes Too Long

Selling your home can be a challenging process, especially when you need to sell by a certain date. Whether you need to close by a deadline so you can move or you’re trying to purchase your next home, it’s important to know exactly what to expect when selling your home.

If it’s your first time selling a home, the experience can be even more stressful as you’re not sure what to expect. At Bill Buys Houses, we help homeowners sell their homes quickly so they can move on with the next stage of their lives.

In this post, you’ll learn what to expect when you’re planning your home sale timeline. If you need to sell your house fast, give us a call and get an offer right away.

Average Time to Sell Your House

According to industry experts, the average home stays on the market for about 24 days. Unfortunately for anyone who needs to sell in a hurry, time on the market is just the beginning of the home sale process. Once you’ve found a buyer, it can take about 46 more days on average to close. Altogether, that adds up to more than two months, and that’s if everything goes as planned and the market works in your favor. In reality, every sale is different, and there are no guarantees.

There are many additional factors that can make a sale take longer, like these:

●        Local and national housing markets

●        Domestic and global economy

●        Unexpected market forces

●        Condition of a home

●        Time of year

Housing Markets and Sale Time

One of the biggest factors influencing the time your home spends on the market is the national housing market. Unfortunately, the housing market can vary from one year to the next according to various global and domestic issues.

The number of homes available in your area can also play a role in sale time. If buyer demand is high and the number of homes available in your area is low, this can drive up competition and create a seller’s market, often making sales go faster. On the other hand, when there are more homes to choose from and demand is low, it can take much longer than expected to find a buyer.

Investing in a Sale

Sometimes, home sellers can find themselves in the unenviable position of having to spend money to make their home more marketable. If your home needs significant updates or repairs, this can set your sale back months. The physical and financial toll of investing in a home to sell can add up dramatically.

Signs Your Home Isn’t Selling

If your home has been on the market for a while, it can be difficult to tell if this is normal and you should just wait it out or if your home is simply not selling. In a perfect world, every sale would happen swiftly and smoothly, but we don’t live in a perfect world.

If you’ve been trying in vain to sell your home for more than a few months, here are a few warning signs to watch out for:

●        You haven’t had any showings for several weeks.

●        After the initial interest, you’ve had fewer inquiries.

●        No potential buyers are asking detailed questions about your home.

●        Your real estate agent hasn’t been checking in regularly.

●        When your agent does check in, there’s nothing to report.

●        Other homes in your area listed after yours keep selling.

The Curse of Market Time

Whatever the reason your home isn’t selling, the longer it sits on the market, the more its market time is likely to scare off potential buyers. If you’re already in the process of buying a new home, extended market time can land you in the precarious position of paying two mortgages at once.

Here are a few questions to honestly consider if you’re having trouble getting interest in your home:

●        Are potential buyers able to easily schedule a showing with your real estate agent?

●        Do the pictures available online accurately represent your home?

●        Are images clear and attractive?

●        Is your home professionally staged?

●        Are problems with inspections sabotaging your sale?

●        Is your home priced competitively when compared to similar houses on the market in your area?

●        Is your home in need of significant updates?

●        Does your home have a feature that makes it less desirable to modern buyers, like too little bathroom, closet, or kitchen space?

We Buy Houses Minneapolis

If you can’t risk waiting months to sell your Minneapolis home, the real estate experts at Bill Buys Houses can help. Our team of investors will schedule a walkthrough right away so you don’t have to wait. After giving you a cash offer, we’ll provide you with instant cash as soon as we close. Expect to wait about a week from start to finish in most cases. To sell your house fast, contact us online or call to request an offer at 651-270-9191.

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The health and safety of our clients is a top priority. To do our part in slowing the spread of COVID-19, we have modified our home buying process to include virtual visits, contactless closings, and other social distancing measures. CONTACT OUR TEAM today for more details