The time it takes to sell a house is difficult to calculate. A lot of factors come into play with the sale of a home, meaning that attempting to give an average timescale is pretty much impossible – every house is different, every market is different, and so the time taken to sell your home is as unique as the house itself.
“I need to sell my house fast!” is a common phrase we hear at JMS, and that is exactly what we do. Most of our clients come to us stating a common time frame within which they would like to move their property on and set themselves free from financial constraints: NOW.
We close deals in a matter of days, giving the owner a quick solution to their real estate sale which involves none of the time consuming bureaucratic hoops one has to jump through when listing a house via a real estate agent. Selling your house for cash has none of the Realtor fees or associated closing costs, and doesn’t require the costly repairs one has to make in order to get a house to a saleable condition. More importantly, the process is completed in the timescale which is the common request from all our clients: NOW.
Can I Sell My House Fast By Listing?
If you are looking to sell your house fast, listing it for sale according to the traditional real estate model can take a long time. Whilst this differs for each market and type of home, statistics by Zillow and Redfin give us an idea of the average length of time required.
Current data from Redfin shows houses in the Charlotte area require more time to sell than the national average, with a median of 62 days on the market in comparison to the national average of 46 days. Zillow’s data is even more shocking, with a national average of 79 days on the market.
Of course, this is not where the story ends. Just because a house is no longer listed for sale it doesn’t mean the home has actually been sold. Once an offer is accepted on a house, a buyer has to apply for a loan, get an appraisal and an inspection, and release the necessary funds from savings accounts. All this takes time, and stumbling blocks can arise at any point during the process, putting you, the seller, back to square one.
Will I Lose Value if I Sell My House Fast for Cash?
Taking a look at the median sale price for the past two years, we can see the average for Charlotte is dropping. This puts a lot of sellers in a position where their home is overvalued for the area, meaning it will take a lot longer to sell at a price which is artificially inflated for the current market conditions. In other words, sellers need to lower their price in order to sell their house in the current market.
Statistics from Zillow show that 14.21% of homes in the Charlotte area sold for below their initial sale price, with this trend looking to continue as we head in the quieter months for the real estate industry.
The question is, how long do you want to wait to sell your house? And more accurately, are you just waiting to sell your home for a price which will never be achieved?
We buy houses for cash throughout the Charlotte area, including the so-called “ugly” homes in Matthews Mint Hill. If you are looking to sell your house fast, or are just interested in a valuation on your home, call us today for an informal chat about your options and what we can do for you.
If you say “I want to sell my house fast!”, the only answer you will ever hear from us is “yes!”.
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