If you need to sell a house in Sacramento fast, you might wonder where to begin, and how much time it would take. Due to the lack of homeowners selling, the market has been competitive over the past year. If a seller needs to sell a house fast, the lack of homes means you can expect your home to sell quickly.
So how can I sell my house fast? In a seller’s market, an agent can help you sell your home in as little as seventy-five days from start to finish. If you need to sell your house even faster, selling to InsightfulREI can help you put cash in your pocket quickly.
In our article, we’ll explain how fast you can sell a house in Sacramento, CA, and the factors that help you sell your home quickly.
How Fast Can I Sell a House in Sacramento?
When listing a traditional home using an agent and dealing with buyer finances, it takes around eighteen to thirty days to be placed under contract. Afterwards, it takes an additional thirty to forty-five days to close. Issuing the standard selling process to sell my house fast might take forty-five to seventy-five days.
When needing to sell a house in Sacramento faster, you can consider selling to a direct buyer for cash. InsightfulREI saves you the headache of listing and staging your home and dealing with buyer’s financing. We buy houses in Sacramento and save you the hassle of dealing with a real estate agent.
When looking to sell my house fast in Sacramento, you’ll deal with no fees, no commissions, and receive a cash offer.
Days on the Market and What It Means
Several factors determine how long your home is on the market, such as location, listing price, condition of your home, market conditions, and the selling method. The days your home is on the right market means the time between the listing date and when you accept an offer.
The time between accepting an offer and closing of the home sale isn’t considered as days on the market. When calculating the average days on the market, you add up the days on the market divided by how many homes are listed.
Factors that Affect How Fast to Sell a House in Sacramento
Here are nine factors that affect how fast you can sell a house in Sacramento.
1. Market Conditions
One of the best aspects of selling in a “hot market” is that an out-of-date home can sell faster than in a standard market. This is because buyers are desperate to find a home, so they’ll overlook certain flaws in the house.
If you’re selling in a hot market, you have a much better chance to sell a house in Sacramento as is without needing to make any significant upgrades.
In a hot market, when there are fewer homes for sale than buyers, homes get sold more quickly. According to the National Association of Realtors, in 2020, homes spent an average of twenty-five days on the market.
2. Time of the Year
When needing to sell my house fast, many homes sell more quickly in the spring, although the location entirely depends on the best time to sell your home. For example, the best time to sell your house in Sacramento, California, is April. However, the best time to sell your home on the East Coast is during the summer.
If you’re wondering when the best time of year is to sell a house in Sacramento, you can always contact your real estate agent.
The average number of days a home is on the market depends on its location and how many homes are selling that are similar in the area. According to GPG, it took around ninety days on the market to sell a property in 2020. In 2021, two cities in California, San Jose and San Francisco, had homes selling in less than two weeks.
4. Days on the Market
The longer a home site is on the market, the more likely your home sits and makes potential buyers nervous. Buyers are skeptical about looking at homes that have been on the market for too long. For this reason, in particular, most listing agreements are for ninety days or less.
If your home doesn’t sell within ninety days, you might have to cancel your listing and relist with another real estate agent. To avoid your home sitting on the market for too long, ensure you don’t overprice it and make it appealing to potential buyers.
5. Listing Price
If you price your home too high, you might find it harder to sell without additional negotiations. If you want to sell your house fast, you should keep the price within the same price range as comparable homes in the area. If you price your home too high in a hot market, you could slow down and scare away potential buyers.
To help you find the best listing price, you can contact your real estate agent for the best listing price and comparisons.
6. Condition of Your Home
It’s a no-brainer that updated and move-in-ready homes sell faster than homes requiring a lot of work. However, a home that may need minor repairs might still sell faster in a hot market. Remember, if your home needs significant upgrades, this could slow down traditional buyers who are financing.
This is because many buyers financing with a mortgage get an inspection, which could require more upgrades and negotiations. Want our advice? If you can make any manageable upgrades such as interior and exterior painting, cleaning up the landscaping, and decluttering your home to improve its condition to potential buyers.
7. Financing Method
If you plan on selling your house fast, it could take longer if you sell to a buyer who is not financing a mortgage. Shockingly, the mortgage process slows down the home-buying process the most. A buyer who is financing a mortgage will, for the most part, have contingencies.
Some of these contingencies will include inspection, appraisal, home sale, mortgage, and clear title contingencies. All mortgage companies require an appraisal of a home, which needs to have a report and may lead to additional negotiations.
Typically, the inspection timeline is around ten days, when your home will be inspected for any defects and will have specific repair requests submitted. In these circumstances, you’ll generally have about five days to negotiate any repairs. In addition, the appraisal timeline could take a week or longer.
8. Selling Method
The approach you take to sell your home also depends on how fast your home sells. One of the ways to sell my house fast is to avoid listing it on the market and selling directly to a cash buyer. If you don’t want to sell your home to a cash buyer, using a real estate agent is one of the fastest ways to do so.
When using a real estate agent, the agent will complete any paperwork for you, and then list and market your home to potential buyers. A real estate agent will move quickly to get your home on the market faster. After listing your home in a hot market, it could take around sixty-four days for your home to close.
9. Closing Timeline
Once you’ve finally reached the closing part of the home selling process, you might wonder how long it will take to sign the home to the new owner. In office settings, closing the desk will take anywhere from one to two hours to make sure every area is covered.
However, nowadays, you don’t always need to attend a closing. Since the pandemic, many buyers and sellers have not signed their closing agreements digitally.
Additional Ways to Sell My House Fast
While many delays are because of a buyer’s lender, there are a few other ways you can sell your house fast. Before listing your home, clear the title and pay off the remaining debts.
Next, you should get a pre-inspection to help speed up the selling process. A pre-inspection will allow you more time to repair any issues with your home. Lastly, to sell your house fast, you’ll want to properly prepare your home.
Before you even consider contacting a real estate agent, ensure the home is cleaned and organized and minor repairs have been made. This is an excellent time to declutter your home. In general, it takes a seller around six months to properly prepare their home to sell.
Sell a House in Sacramento: FAQ
1. Is it a good time to sell a house in Sacramento?
By the end of the year, due to the current market, you might have to settle for a lower selling price.
2. Is Sacramento a buyers or sellers market?
Sacramento, California, is a seller’s market
3. How can I sell my house fast in California?
To sell your house fast in California, you can list with a top agent.
4. How quickly do most houses sell?
Most houses sell between 50-76 days.
5. What is the slowest month to sell a house?
The slowest months to sell a house are December and January.