How can you monitor progress when your home is on the market? How long does it typically take to sell a home? findwell agent Tamar Baber discusses these questions in the latest installment of Ask an Agent.
Q: How can you monitor progress when your home is on the market?
A: To get your home sold, especially if it is not selling, you should have a conversation with your real estate agent. They should be able to guide you in what the market is doing and what homes that are similar to yours are selling for. If yours is not selling and their’s are, the agent should be able to tell you why. Is the condition better? Is the location better? What factors are going in to making other homes sell if yours is not selling.
Q: How long does it typically take to sell a home?
A: The time that it takes to sell a home is based on many factors. The overall real estate market is an important one. At the bottom of the recession, it could take anywhere from six months to a year to sell a home, and average market time was probably 3-6 months.
It also depends on the price range. More expensive homes do take longer to sell because the market for those homes is smaller. For an average, mid-priced home in the Seattle area, I would expect that if it is well-priced, well-presented and well-marketed by a reputable real estate agent, it should sell within 30 days.