Selling a home is a major decision to make. As such, it is imperative to plan out your finances and accommodation to keep yourself comfortable during the process of the sale. However, one problem lies in such an approach, namely the duration of selling a home. The time taken for a home to be sold will depend on multiple factors, some within our control and some not. Statistics from the National Association of Realtors (NAR) show that the typical American home is on the market for 24 days on average, along with an estimation of 46 days for sales to close on a purchase loan. On that note, it would take around 70 days for a home to be sold, from listing to closing the deal. Read on to learn more about the average time to sell a house in Bergen County.
Preparing Your Home for Sale
The previous estimates exclude the time it takes for you to make the necessary preparations before you decide to list your home for sale. The time taken to prepare a home for sale will vary depending on how much maintenance and work has been done to maintain the home in the past. To get a home to be in move-in condition and look presentable for viewings would take roughly a month. This process is usually kickstarted when the realtor you choose comes to view your home, where they will be able to provide advice on the necessary preparation works. Examples of preparation work include reducing the clutter in your home, making small yet noticeable repairs, and other small touchups.
If you have been on the lookout for a reliable realtor to sell your home, then there is no need to look further than Joshua from NJLux. Having sold a large number of properties under his belt, you can rest assured that the home selling process will be a fuss-free one.
Other Factors that Determine Sale Duration
Apart from the time taken to prepare the home, many other factors can affect the time taken to sell a home in Bergen County as well. The following is a non-exhaustive list of such factors:
- Market State: While there will always be people on the lookout for properties, the demand for them can change rapidly depending on market conditions and economic outlook.
- Pricing: Setting the right price can be extremely tricky, especially for those with little to no experience in the real estate industry. This is where realtors come in, helping to set a realistic price that prevents you from being shortchanged by buyers while also ensuring the price is attractive enough for buyers.
- Condition of the Home: Everyone wants to move into a place that is up to their expectations. If your home isn’t appealing enough to buyers, most viewings will result in them deciding to not pull the trigger.
- An Experienced Agent: Since most of the above factors will be made more efficient with the help of a realtor, an experienced one can help to speed up the closing of the sale.
