Sell My House
Most homeowners want a realistic timeline for how long it will take to sell their house. As of May 2016, the National Association of Realtors, the average days on the market (DOM) is currently 49 days, with an additional 41 days to close. However, market conditions can increase or reduce this number dramatically. Contact The Donnelly Group to find out the DOM for your community!
The Right Price
At the right price, every house will sell. So, it’s critical that you list your house at ‘the right price.’ Many homeowners think they should list higher to begin with, then lower the price later. In most cases, this does not work to the seller’s favor. A house listed at ‘the right price’ may bring multiple offers, often generating a contract price well above the list price. By working with a dedicated Seller’s agent, you will have the knowledge and expertise you need to find ‘the right price’ to list your home for sale.
Seller’s Market or Buyer’s Market
The economy, interest rates, housing inventory and other factors influence the housing market in a variety of ways. Generally speaking a seller’s market usually means that sellers can get more money for their house because the demand is larger than the supply which means that buyer’s will have to spend more to get what they want. This is obviously great news for the seller. However, in a buyer’s market, there are too many houses on the market – high supply, low demand. In this case, the seller may have to accept a lower price or concede in the negotiations process.
Location
One of the biggest factors in the potential sale of your house is its location. If demand is high for your location, such as a waterfront property or a sought-after community, the market have less influence on buyers. Likewise, if your house is in a less popular or declining area, you may need to be more flexible on the asking price even though the markets, in nearby neighborhoods, may be hot.
The Donnelly Group is devoted to being your guide, your expert, your resource, your advocate. Contact our dedicated seller’s agent today to better understand your options.
Don’t forget to check out our latest guide: 10 Ways To Sell Your Home Quickly