If you’re like most sellers, you want to know the answer to a big question: “How long will my home be on the market?”
While it’s true that there’s no one-size-fits-all answer to that question, your Knoxville Realtor® can help you figure out the best course of action to sell your home as quickly as possible.
But what factors go into how long a home sits on the market?
How Long Will My Home Be on the Market?
Any Knoxville Realtor worth your time can tell you how long the average home stays on the market in the city or the surrounding communities, but that doesn’t necessarily mean yours will fit the mold.
You can end up selling your home faster than your neighbors do… or, if it’s priced incorrectly (read: too high), it could stay on the market for much longer than it should.
What Makes a Home Sell Fast?
Typically, homes sell faster if:
- They’re priced appropriately. Homes in the lower price ranges sell faster than high-dollar homes do, but that’s simply because more people can afford the homes in the lower price ranges.
- They’re in the right location. Schools, neighborhood quality, and nearby amenities all affect how quickly a house sells. While there’s nothing you can do about your home’s location, you can make up for it if it’s less-than-desirable by pricing it appropriately and ensuring it’s in the best possible condition.
- They’re in good condition. Houses that are in dire need of repairs will usually take longer to sell than those that are move-in ready. If you’ve kept up on maintenance and your home isn’t terribly dated, you have a better chance of selling quickly than a homeowner whose house is falling apart.
There are two big factors that you can’t control that also affect how long your home stays on the market: whether there are more buyers than houses, or whether there are more houses than buyers.
In a seller’s market, where there are more buyers than there are houses, sellers have a distinct advantage because people will do what they can to purchase a home. In a buyer’s market, where there are more houses than there are buyers, people who want to purchase a home have the luxury of shopping around for the best deal.
Are You Selling a Home in Knoxville?
If you’re selling a home in Knoxville, we can help. We’ll be happy to give you a free comparative market analysis so you know how much your house is worth, walk you through the basics of staging, and put your home in front of all the right buyers.
Call us at 865-368-5150 or send us an email—we’d love to talk to you!
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