If you ask most people, they will probably tell you they want to sell their home quickly. Homeowners often worry about how long they need to keep their home ‘showing ready’ when they go to sell their home.
You may be wondering how long the sales process will take. You can get your answer by working with the Forsythe Group!
We have expertise with the local real estate market to tell you how quickly homes are selling and the impact that has for your timeline. Having that information helps you have realistic expectations and we can work on a plan that’s based on today’s market.
One factor to discuss is the supply of homes for sale in your area and how that impacts the selling process.
There is a growing supply of homes for sale.
Throughout spring and summer, we have seen the number of homes on the market increase. As a buyer, this is good news because it means that you’ll have more options as you search for your next home. But, as Keeping Current Matters says, “it also means buyers have more to choose from, so if your house doesn’t stand out – it may take a bit longer to sell.”
What is available inventory made up of? New listings (homes that are newly listed) and active listings (homes that have been on the market and have not yet sold). Below, the data from Realtor.com shows the available inventory over the last 3+ years.
What does this mean for today’s listings?
When a home is new to the market, it’s like a fresh loaf of bread at the bakery for sale. When it’s put out, everyone wants the newest, freshest one. But if the loaf sits for too long, it starts to get stale.
We see the same thing when it comes to homes. New listings are the most sought-after. But if a home is not priced correctly or doesn’t show well, or if it doesn’t have an effective sales or marketing strategy behind it, the home can sit on the market and become less appealing to buyers.
This is why the agent or team of agents you work with is so important!
If timing is important to you, you’ll want to lean on a professional like us. We will make sure your listing is fresh and doesn’t stick around long enough to go stale.
The National Association of Realtors (NAR) explains, “Home sellers without an agent are nearly twice as likely to say they don’t accept an offer for at least three months; 53% of sellers who used an agent say they accepted an offer within a month of listing their home.”
The supply of homes for sale can vary a lot by area. So we will share our insights into what’s currently happening with the supply in your market, help you price your home correctly and create a marketing plan that gets your home noticed!
Here are two homes we listed in the past month, that both went under contract quickly!
Don’t let your listing get stale! Reach out to us today to make sure your listing is fresh and appeals to buyers from the start. It makes a difference!
