According to the National Association of Realtors, in 2020, the average home was on the market for around 24 days before going under contract. Now according to Ellie May, the average time it took to close on a loan was around 43 days. With that data, you can see that it takes an average of over two months to sell a house.
Of course, there are many variables to look out and one sale can vary greatly compared to the next. Trying to sell a distressed house during the winter in Anchorage is going to be much harder than selling a recently renovated home during the spring in Los Angeles.
If you are planning to sell your house, you may feel like you can’t control the length of the process. However, there are ways that you can expedite the home selling process in Washington. To do so, you must avoid any mistakes that could slow it down.
Selling a House Quickly
Location, Location, Location
When it comes to real estate, location is key. Most prospective home buyers are looking for properties near good schools and in safe neighborhoods. Anyone would much rather wake up in the morning and look out the window at a beautiful body of water than a garbage dump.
In a recent study, Zillow found that homes in urban and suburban neighborhoods move off the market faster than rural homes. As of now, western cities, including Olympia, Boise, San Francisco, Salt Lake City, and Colorado Springs, are where homes are selling the fastest.
Of course, you don’t have control of the area around your house, which is why you need to get creative with when you sell. If you can choose the specific time to sell, we recommend listing in the spring time.
A look at ATTOM Data Solutions shows that homes sold in May and June sold anywhere from 7.4%-9.2% above the estimated market value.
Make sure that you learn which months are the best selling months in your region and keep your finger on the pulse of market conditions to try and sell your house in Washington when it is in a seller’s market.
Ask For the Right Price
You may have to wait a while for the right buyer if you want to get the most for your home in Washington. You are more likely to get multiple offers on your home right off the bat if you price it just below market value. In doing so, you’ll create buyer competition, which will inevitably drive up offer prices.
In the end, you may just get the price you were looking for all along.
Improve Your Home’s Condition
If you don’t choose to sell to a company like HelloPad, then you will need to ensure your home is ready to move into. Prior to listing, you will need to make necessary repairs. Beyond that, you will also need to clean and declutter your home, as well as stage it.
Final Thoughts
There are plenty of reasons why you might need a quick home sale. You may be moving, going through a divorce, or selling a home in Washington after the passing of a family member. You may just need the cash now.
Whatever it is, we can help here at HelloPad. If you’re interested in selling your home quickly and efficiently for a fair market price, make sure to get in touch with us.