So let’s take a closer look at the typical timeframe for a property sale in Sacramento and the things that influence it. When it comes to selling a home in Sacramento, most people have one burning question above all others: “How long will it take to sell my house?” A property sale in the United States takes an average of just over two months, or about 70 days, to complete, that is, from listing to closing. But this is simply an average, and because there are so many factors, it’s difficult to say how long it will take for a certain property.
Property Sale Timeframe Variables
A property sale in Sacramento can take substantially longer or much faster than the national average. There are instances when there is no logical reason for how long something takes. A fast sale can occasionally be the product of pure luck.
However, there are numerous elements that influence the length of time it takes to sell a home in Sacramento and can cause it to take longer or shorter. The most significant among them are…
MARKET CONDITIONS
In a seller’s market, as is the case in most real estate markets today, homes sell faster. “Inventory is low and buyer demand is high,” in a seller’s market. This enhances property competitiveness and may even drive prices higher,” and houses tend to sell rapidly as a result.
“When there are more options to choose from in a buyers’ market, shoppers can take their time and wait for the appropriate home. In these kind of market conditions, homes take longer to sell.”
LOCATION
The old adage that the three most important factors to consider when buying a home are location, location, and location applies here as well. “A home in a highly desirable neighbourhood near strong schools, restaurants, or companies will be in higher demand than one in a less desirable region.” And a home in such a location is more likely to sell quickly.
CONDITION
“Ones in excellent condition sell faster than homes in need of repairs or that are cluttered with personal items. Buyers must be able to envision themselves living in a property, which will be difficult if the home appears to belong to you or is in disarray.”
TIME OF YEAR
The average timeframe of a property sale in Sacramento also depends heavily on the time of year when the property is listed.
“Days on the market might also be affected by when you list your home. During the winter, most individuals aren’t actively searching to buy a new house, and the weather can play a role in some locations. In general, the months of November, December, January, and February are the slowest for house sellers.”
“Many families prefer to move before the start of the new school year, so spring and summer are the greatest periods to sell a house. In fact, the early half of May is the greatest time to sell. During this time, homes advertised for sale sell six days faster than the norm.”
Selling Milestones and How Long They Take
In Sacramento, a property sale is usually broken down into sections, each with its own deadline and length of time. The entire process, including choosing an agent and the necessary preparation work, usually takes six to nine months. Consider . . .
PREP WORK
All the necessary prep work such as decluttering, cleaning, and making repairs can easily add three to six months to the timeframe.
LISTING
After agreeing to sell, locating an agent, and completing the necessary preparations, the next stage is to advertise the property and wait for an offer. This stage normally spans between one and two months.
OFFERS
When you have a genuine buyer on the phone, she will make you an offer, which you must accept or reject within 72 hours (though the timeframe here can vary from state to state). If you decline the offer, however, you’ll have to start the process all over again.
HOME INSPECTION
The buyer will have a house inspection done once you’ve accepted an offer. A buyer normally has up to 10 days to complete an examination, after which the inspection report takes a day or two to arrive.
COUNTEROFFERS
If the inspection discovers any flaws or defects, the buyer may counteroffer, typically requesting repairs or a price decrease in lieu of repairs. These conversations can last anywhere from 24 to 48 hours and entail a lot of back-and-forth.
CLOSING
The deal moves to the last stage – closure – if you and the buyer have agreed on the price and all other details. Due to all of the legal requirements, this normally takes roughly 30 days.
The Final Factor in a Property Sale in Sacramento
There is one more, and possibly the most crucial, component that might influence the length of time it takes to sell a house. That’s the agent you’ve decided to work with.
“If you decide to list your property with a real estate agent, this can affect how quickly your home sells. How quickly you find a buyer and at what price you sell can all be influenced by your agent’s marketing methods, experience, and overall market knowledge.”
As a result, the length of time it takes to sell your home is largely determined by the quality of the agent you hire. So, if you want to shorten the time it takes to sell your home in Sacramento, call us today at (916) 507-2502.