On the market longer than 20 days? that’s unusual!
How long will it take to sell my house? 57% of properties are sold in 20 days
According to Bright MLS data, 57% of properties were sold in 20 days since listed on the market.
If your property takes more than 20 days to be sold, it means it’s taking longer than 57% of properties in the market.
Photo by Behnam Norouzi on Unsplash
Why Is The Speed Of Selling Important?
Selling your house is rarely a walk in the park. From staging and showings to inspections and negotiations, the traditional process can be lengthy, stressful, and downright unpredictable. But what if there was a way to sell your house fast and escape the potential months of hassle?
Especially if you are a flipper, selling speed is directly connected with your profit. Simply calculate how much you need to pay more for holding the property, and the potential loss for losing opportunities.
Believe it or not, there are distinct advantages to expediting your sale. If you're considering a quick exit, buckle up as we explore the enticing benefits of ditching the drama and selling your house fast:
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Advantages of selling your property fast
1. Freedom from Uncertainty
The traditional market is a fickle beast. You could list your house and face weeks, even months, of waiting with no guarantee of a buyer. A fast sale eliminates this uncertainty, allowing you to move forward with your plans with confidence. Imagine knowing exactly when you'll close and move on!
2. Reduced Stress and Disruption
Listing your house often means constant open houses, showings, and keeping it "show-ready" 24/7. This can be incredibly disruptive to your daily life. A fast sale minimizes these disruptions, allowing you to maintain your normalcy and reduce stress significantly.
3. Save Money on Holding Costs
While your house sits on the market, you're still responsible for property taxes, utilities, and potentially even mortgage payments. A fast sale minimizes these holding costs, putting more money back in your pocket.
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4. Avoid Paying Opportunity Cost
Opportunity doesn’t come to you since your money is stuck in the current property. It’s painful when you see an opportunity but your resource is limited to grab the opportunity. Selling a property fast prevents you from this painful experience.
5. Flexibility and Control
Selling fast often means more control over the process. You can choose your closing date, potentially negotiate fewer repairs, and move on your own terms. This flexibility is invaluable for those with tight timelines or specific needs.
Selling Fast Does Not Mean Selling Cheap
Remember, selling fast doesn't always mean selling cheap.
Still you can consider exploring options like iBuyer companies or cash buyers who can provide a fair price within a short timeframe.
Ultimately, the decision to sell fast is personal.
Weigh the advantages against your specific needs and market conditions. But if speed, certainty, and reduced stress sound appealing, ditching the drama of a traditional sale might be the perfect move for you!
