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Ask an expert:
How long will it take to sell my home?
Q: How long will it take to sell
my home?
A: The length of time it takes
to sell a home depends on many factors. First, there is
the current market in your area. If there are a lot of people
trying to buy houses in your neighborhood, it may create a
seller's market, which will help you sell faster. If more people
are moving out of the neighborhood, you may be looking at a
buyer's market, making your home harder to sell. The market is
not only affected by how many houses are for sale. The local
business climate and changes in interest rates can have an
effect as well. Your ">listing
agent can provide you with a Competitive Market Analysis
(CMA) to help you understand the market conditions in your area.
It may sound obvious, but setting
the right price is one of the keys to selling quickly.
Your CMA from your listing agent will pinpoint the optimal price
to sell your home. If the price you set is unrealistically high,
you may drive away potential buyers before they set foot on your
lawn. If your house has been on the market for a long time,
reevaluate the price and consider reducing it. Click here to get
a free Home Value Estimation from Homeloan2u.
Finally, they say beauty is only skin deep, but your
home's appearance can go a long way toward attracting an offer.
Before you put your home on the market, make it as attractive as
possible. With a few quick fixes to your home's ">exterior,
and a splash of paint ">inside,
you could get the right buyer looking twice.
Some homes may take days to sell, while some may take months. A
study done by the National Association of REALTORS?/sup>
in 2002 found that most people sold their home within four
weeks. Don't get discouraged if a sale takes longer than that,
but try to analyze the reasons and ask your agent if there's
anything you can do to help.
Use our free mortgage payment calculators:
1.How much do I have to earn?
Not sure how much money you'll have to earn to afford your house payment and accompanying expenses?
2.Mortgage payment calculator
Want to know how much your monthly payment is for your mortgage?
3.Bi-weekly mortgage calculator
Want to know how much time and money you'll save paying off your loan on a bi-weekly payment plan?
4.Additional payment calculator
How much do you save by paying more or making additional payments than your initial mortgage terms?
5.How much can I borrow?
Want to know how big of a mortgage you can take on?
6.Should I pay discount points?
Not sure if you should pay discount points on your mortgage loan?
7.How much will I save by refinancing my loan?
How long will it take to recoup the costs of refinancing my home mortgage?
8.How much will my tax deduction be?
Want to know how much your home mortgage will save you in taxes?
9.APR calculator
To find out the annual percentage rate of your loan, enter the loan amount, interest rate, points, other costs and year-length term.
10.Interest only monthly payment calculator
To find out the monthly savings you could gain from an interest-only payment plan.
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