How Long Will It Take To Sell...
... Is a loaded question in today's real estate market
and for most its not for the faint of heart
both buyers and sellers are feeling the stress points of the sales process
1st and foremost you need to get under contract
which is taking longer for both sides these days
a well priced home in a great location can sell quickly
one that needs repairs and is overpriced can take much longer to sell
we have seen homes sell in a day
we have seen homes on the market for 6 months and not sell
the seller has a lot of control on price and condition if they want to sell fast
and then you have to look at the terms of sale for the closing process timeline
lets suppose that you have to sell a home in order to buy another
and after 30 or 60 days you go under contract on the home you are selling
now you are tasked with finding a home to buy and get that under contract
the deadline to do so may only be a few days/few weeks depending on your home sale
if you have enough proceeds to pay cash then you can be super aggressive
on the number of days needed to close the purchase
and possibly overcome a contingency to sell your home
if you need to finance the purchase, then you will need to ask the seller for contingencies
for the sale of your home and also the mortgage approval
in most cases, 30 days is enough time get the loan approved
when you start to add up the days to close a sale
it becomes clear that if cash sales are involved with no contingencies
the process can be completed in 30 days or less
if financing is needed on top of a home sale then plan for 30-60 days
all of this is on top of however long it takes for the home sale to go under contract
so the long answer to the short question of how long does it take to sell
is that it depends on your situation
today's show takes you through the twists and turns
