There is no easy answer to how long it takes to sell a home, especially in South Florida’s evolving real estate market. However, recognizing the key factors that influence the sale of our home can help narrow down and estimated time frame.
There are certain market factors that we do not control:
Competition: Buyers will compare your property against other properties currently for sale and that have sold on the market. They will interpret your home’s value based on the price of those homes and compare them to your property.
Timing: The real estate market may reflect a buyer’s or a seller’s market. Current market conditions cannot be influenced by a Realtor. An individualized market plan for your home can be developed to help sell your home and maximize sale potential.
Location: The location of your home is one of the most important factors that will affect the value of your home. Neighborhood and community appeal, location, and popularity will be a key factor in determining fair market value for your home.
There are also market factors that we do control while selling your home:
Price: If your property is not price properly, compared to other similar homes, this can delay or prevent a sale. Most homes receive the most action within the first 30 days. Being priced too high, when first listing, can detour potential buyers. Reviewing the Comparative Market Analysis or CMA can assist you in pricing your home competitively.
Condition: Your home’s condition will affect the price as well. Potential buyers are very visual and the physical appearance of your property will help maximize the value of your home, as well as the speed of the sale.
Terms: The more contract terms that are available on your home the more potential buyers that you can appeal to. This means a quicker sale for you as the seller.
For more information on maximizing your homes value Visit Setting the Stage