Selling a home does not happen overnight. And it may take several months for most home sellers to finally found the next homeowner.
The typical home selling undertakes several real estate processes before you can finally make a deal. And several factors can also prolong and expedite the sale. As a seller, knowing the steps and time frame in selling your home will help you pace and prepare yourself for the onslaught of puzzles and drawbacks along the way.
Let us help you get through the complexity of home selling so you won’t get upset if you sell your house in Washington DC longer than anticipated.
How Long Does It Take To Sell A House From Listing To Closing?
Your real estate agent will consolidate all the necessary details required to list your house in the Multiple Listing Service (MLS). They will get your house’s square footage, list its special features, take photos of your home, and collect as much information as possible.
Once they have the details ready, your agent will then upload all the particulars to the MLS so it becomes accessible to other real estate agents. This step just happens fast if necessary data are available.
But before you list your home, make sure you have de-cluttered, clean, and restored your house.
You are lucky if you get an offer a week after you have listed your home. But on an average, most sellers receive offers 65 days from the day it was listed. Location, price, and market status can also affect the sale.
Rural, unique, and expensive areas sell slower compared if you sell your house in Washington DC. It’s also necessary that you find the right comps for your house to sell it fast even during the peak or low of the seller’s market.
And normally, you’ll get low ball offers, too. This could be frustrating but it’s an opportunity for you to sell.
Most buyers apply for financing to purchase your house. And it takes an average of 50 days before it gets approved.
Mortgage companies do their job to assure the sale and you don’t want to take any last minute changes when you are supposed to get your cash.
Different reasons can hinder the sale of your home. For instance, unapproved financing or your buyer’s house did not sell as expected. These factors delay your home sale so better keep your home ready and fix assets as needed.
Once you find a serious buyer and have scheduled the closing date, expect that you’ll get your money during that day, which can either be in an escrow or through cash.
Meaning, you don’t need to wait for a day or two to get your money. Talk with your attorney or real estate agent to specify particulars of selling a house and the terms of your sale.
The homebuyer is expected to have relocated before or on the day of closing so the new owner can also move in as soon as possible.
However, if you need more time, you can discuss and do a rent- back agreement with the new homeowner and rent the home for months until you find your new haven.
In most cases, home sellers opt to scout for a new home.
Based on the above time duration, it will take you four months or so to finally sign on the dotted line and get your money. This could be too long for someone who is eager to sell and move out. If you are one of them, then we recommend you find a cash home buyer in Washington DC.
Sell your House Fast in Washington DC, Delaware, and Maryland
If you are excited to get your cash and move out from your home in Washington DC, Delaware, or Maryland, we know a cash buyer who can buy your house in 7 days.
The Home Buyers purchase houses in the United States. We buy houses in Washington DC regardless of the house location and condition. So if you want to avoid the long house selling process, call 855-413-7807.
Contact The Home Buyers and we will send you a quote today.