Want to know how long it will take for the selling home process to complete? Here are some valuable insights about the timelines for a smooth selling process.
It can get complicated when you look to attract buyers for home selling. As a first-time or new home buyer, knowing about the selling home process is just the start. You would also want to know how much time it will take for the transition to complete.
Understanding the home selling timelines is also important as it helps you plan your moving out of this home and move into the next one.
Let’s talk about these home selling timelines to know the estimated time it will take to realize your selling home goals.
A Couple of Weeks or One Month
When you decide to sell your house, you want to be impressed with your property. For that, you need to take care of all pending home repairs and maintenance. Potential home buyers would not want to bear the expenses to ensure home components are working fine.
Identifying the home areas you want to work on and contacting reliable professionals to make those fixes can utilize a lot of your time. The process of ensuring your home is ready for staging can take a couple of weeks to a month, depending on the work that needs to be done.
You can reduce your home repair and maintenance costs and time by opting for the right home warranty coverage. The warranty company will handle everything from bearing the expenses to finding professional servicemen.
One or Two Weeks
Are you demanding the right price for your property? That is a vital question to ask yourself. If your selling home price is too high, potential home buyers might lose interest and walk away. If you undervalue your property, it will be hard to get a profit from the deal.
You can conduct a thorough competitive market analysis (CMA). This will allow you to assess the recent home sales in your area of similar properties. CMA will help you set a realistic home purchase price that the willing home buyers would be attracted to.
The timeline for the CMA depends on how large your neighborhood is. Generally, you can expect the process to be completed within 1 or 2 weeks.
Few Days to a Week
Now that you have your home ready for staging and you know your pricing strategy, it is time to list your property. You can look for reliable real estate listing platforms to advertise your property to a large audience.
One of the ways to impress and engage potential home buyers is with professional photography for online listings. We suggest you can hire a professional photographer for that.
Listing your home on online platforms can take a few days or a week.
In addition to marketing on online platforms, you can find real estate agents for organizing open house events.
Few Weeks to a Month
After a successful marketing effort, you manage to get an offer from a potential home buyer. Now, the negotiation begins. You will ideally look for a win-win situation where both parties will be happy.
While negotiating, you need to account for things like the level of interest from the buyers, along with the market condition.
You can expect this process to end in a couple of weeks or a month.
One or two months
After the selling home price is finalized, you need to sign the contract and fulfill other obligations. This process can vary depending on how the contract is structured.
Generally, this phase can take a month or two to complete.
30 to 45 days
All the paperwork is done, and the home buyers are getting ready to move in. This is where you need to officially transfer the homeownership to the buyers. They might also want to schedule a final walk-through of the property, ensuring everything is in order.
This is also the phase where the home buyers need to pay various expenses like closing costs. It is a cost that covers expenses like title search and insurance, property transfer tax, legal fees, and more.
The only thing left to do now is to hand over the key to the house and say goodbye to your (now former) home.
This closing process can take 30 to 45 days.
These were the home selling timelines that you need to know about before initiating a selling home process. This will help you understand what to expect and how you can deal with the challenges on the way.
We have talked about the selling home process timelines that you can expect. From preparing your home for sale to deal closing, you can now experience a smooth transition of properties to meet your selling home goals.
By knowing the home selling timelines, you will not have to play the guessing game about when a process will end.
Preparing a house for sale, addressing repairs and maintenance, can take a couple of weeks to a month, depending on the extent of work needed.
Conducting a competitive market analysis (CMA) to determine the right price generally takes one to two weeks, considering the size of the neighborhood and property comparables.
Listing a home on online platforms can take a few days to a week, and organizing open house events can be coordinated with the listing process.
Negotiating offers can take a few weeks to a month, considering factors like buyer interest and market conditions for a mutually beneficial outcome.
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