If you are a first time home seller or have sold houses several times, you probably want to know how long it takes to sell a house in Washington DC.
According to Redfin, the average time to sell a house in 2016 takes 10- 70 days from the time of listing to the settlement.
However, there are several factors that contribute to the delay of the sale including the tedious home selling procedure and paper works. However, if you deal with a cash home buyer in Washington, you can probably sell your house fast.
Factors that Expedite or Prolongs the Sale of your Home
Installing a for sale signage in front of your yard cannot guarantee a successful sale. It is not as simple as what you think because several factors come into play during the process. And these affect the length of time to sell a home in Washington DC.
Below are criteria that prolong or expedite the sale of houses that homeowners should realize by now.
The real estate market varies from city to city and state to state. What is working in Washington, DC might not be applicable in Delaware. There are seasons in which the neighborhood is very competitive while there are moments that it works otherwise.
The current status of the real estate market in Washington, DC plays a huge role in this. The market varies in three different types which are the seller’s market, buyers market, and balanced market.
If you are selling your home in Washington DC during the seller’s market, the chances are you will get multiple offers that are above or at the current market value. However, selling your home during the buyer’s market delays the sale due to fewer home buyers willing to purchase a home.
Understanding the market is necessary to identify the length of waiting you will need to finally seal a deal with the next homeowner. If you sell your house in Washington, DC during the buyer’s market, expect that it possibly could sit longer on the market.
You probably have heard this many times. The price of your home can impact the sale so it is necessary to price your house correctly.
To charge competitively, make sure to study the market and find comps for your house. Finding a comparable can help your fair price so it won’t stall in the market, at the same time get the best value for your home.
The higher you price your home, the longer it sits in the market, which might give a bad impression to prospect buyer. Lower sales price is not also advisable.
Putting your house out in the market is not enough. You should take steps for people to see your house for sale. Experienced and local real estate agents could help. Just find the right agent to assist you.
You can also make simple marketing strategies to advertise your home both online and offline. Utilize the power of social media, a high ranking website, and quality photography to show your house in its best possible shape to prospect clients. And these could help fasten the sale of your home in Washington DC.
There is no definite time frame on how long it takes to sell a house. Your home in Washington can sell fast or sit long depending on the circumstances that could affect the sale.
However, if you want to sell your house fast in Washington DC and don’t want to wait for an average of three months to seal a deal, sell your house to cash home buyers. You might want to ask how long it takes to sell a house to a cash buyer. Well, they can buy your house as fast as 7 days.
The Home Buyers is a legit real estate investor. We buy houses in Washington, DC for cash and fast. You don’t need to wait for several long months to convert your property into money as we can buy it in cash in just 7 days.
No need to worry about the ups and downs of the real estate market because with The Home Buyers, home selling is fast and swift.