Are you tired of living in your house? If you’re like most people, your house has become not just your residence but also your prison. It doesn’t matter how spacious or comfortable the house is. You always want that new environment.
If you have decided to sell your house and already have a buyer, it is time to proceed with the home selling process. Sometimes the process gets stuck along the line, and people wonder, “How long does it take to sell a house?”
We’ll discuss the home selling process on this page. Keep reading to know more.
What Is the Average Time to Sell a House?
The home selling process can range from a few weeks to several months, depending on how involved the seller is. Generally, the process usually takes about two to three months.
The first step of selling a home is to decide whether you would like to go through a real estate agent or try to sell the home on your own. If you use a real estate agent, they will take care of the process and make sure that the price is fair and that the potential buyers are trustworthy.
Home Selling Timeline
It is important to remember that many factors can affect the length of time it takes to sell a home, so it is important to have patience and not rush things. Here are some home selling tips and key timelines for selling a house:
List and Show
The first step is to list the home with a qualified real estate agent. This typically takes from four to six weeks to happen. Once your home is listed, the marketing period begins, which can last up to four weeks and includes showings, advertising, and street exposure.
Read this and learn about home value estimates which are essential in selling your home.
Accept an Offer
Generally, it takes between 2 to 4 weeks for the seller to find a buyer and agree to an offer. Once an offer is accepted, renegotiations may take a few days to a few weeks, depending on how many contingencies are in the offer and how fast the buyer and seller can agree to terms.
The timeline for a home inspection when selling a house depends on a few factors, such as the complexity of the property and its condition. Generally, the time frame for a home inspection is anywhere from 4-10 days. Typically, during the home inspection, the inspector will conduct a thorough examination of the home. Furthermore, an inspector may recommend additional tests like a termite inspection.
Counteroffer After Home Inspection
After the home inspection, the buyer may often make a counteroffer. At that point, negotiations may take anywhere from a few days to a week or more. Both parties must agree to the terms of the purchase and sale, including any adjustments or repairs suggested by the home inspection report and necessities outlined in the purchase agreement.
Once both parties have agreed to the terms, a closing date can be set, and the home sales process can proceed. This timeline can be further expedited if both parties have a clear understanding of their requirements and expectations to help facilitate a timely sale.
The Home Selling Process
Overall, the length of time it takes to sell your home can vary immensely due to multiple variables. The home selling process can be shortened by enlisting the help of professional real estate agents and brokers that have experience in the complexities of the home selling process.
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