What Is the Average Time to Sell a HouseAs the housing market ebbs and flows, so does the average time to sell a house. In this current market, houses are selling significantly faster than in years past. The average time it takes to sell a home is also impacted by the area and local market. An average time to sell a house by zip code can vary depending on what city and even state you are looking at. When you are looking for homes for sale in Davenport, FL, it helps to understand how long it takes to sell a house and what the entire process entails.

Average Days on the Market by Zip Code

On average, homes across the US spend an average of 25 days on the market before they go under contract, which is five days shorter than the previous few years. There are also seasonal trends to take into consideration. For example, houses tend to stay on the market for longer periods of time during the winter holidays versus the spring and summer months, when the average number of days on the market shrinks considerably. In the Davenport, FL, area, talk to your broker at Florida Realty Marketplace to discuss questions like “how long does it take to sell a house” in your specific area.

How Long It Takes to Sell a House

The process and timeline for selling a house have decreased overall across the last decade. The entire process for selling a house also includes the closing period, which can add 30-45 days to the process. The market location also has a significant impact on how long it takes to sell your home. Sellers in metropolitan areas tend to experience faster turnaround times than those whose homes are in more rural areas. During a slow-moving market, it can take upwards of a year to go through the entire process of selling a home. However, in 2021 and the current housing and real estate market, the process can take mere weeks or months instead.

The Process of Selling a House

The time it takes to sell your home extends beyond when the listing goes live and accepting an offer. Here is an example of the process for selling a home and how this can impact your timeline for selling your home:

Listing and Showing the House

Sellers and real estate agents invest a significant amount of time and energy into preparing the home for listing and selling. This may involve minor repairs, replacing carpets and windows, and applying fresh paint throughout the home. Then the process continues with taking photos and videos of the home to attract buyers.

Reviewing Offers and Accepting an Offer

The average time to sell a house is also impacted by the number of offers received and the seller's willingness to accept. With the help of a real estate broker and the team at Florida Realty Marketplace, you can receive guidance and support for reviewing potential offers and accepting the best one that works for you.

Home Inspection and Counteroffer

Once you have accepted an offer on the house, the selling process continues as the home inspection takes place and any counteroffers are submitted for review. After offer acceptance, the average time for a home inspection is between 5 and 10 days for due diligence. In faster-moving housing markets, some buyers may select to waive the inspection in an attempt to stand out compared with other offers.

Closing on a House

The closing process for a home typically takes 30-45 days from accepting the offer and the buyer receiving the keys to the home. This allows time for the lender, title company, and local records department the proper amount of time to review and complete the requisite paperwork. You can also work with your real estate agent to prioritize an early close on the home or select an all-cash offer to avoid potential snags in the financing process.

Tips for Selling a House in Record Time

The marketing, pricing, and timing all play an important role in selling your home in record time. To best the average time to sell a house, sellers commit to improving home conditions and curb appeal to help make a great first impression. Talk to our team at Florida Realty Marketplace about how to price your home correctly and select the best time to list your home.

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