Once you make the decision to put your home up for sale, you probably have a lot of unanswered questions. How much can I get for it? How longwill it take to get an offer? What’s the best way to sell my house? If you’re in a cash-strapped situation, these can be stressful things to think about, on top of the emotional toll of leaving the place you’ve called home for what may have been quite a few years.
While it’s impossible to get definitive answers until you actually try to sell your home, there are some factors to consider that may give you an idea of what to expect. For example:
- Depending upon the economy in general, plus your local market
conditions, it can take anywhere from a few months to over a year to find a buyer, potentially longer if you’re selling for sale by owner.
- How close you get to your listing price also depends upon a variety of factors – the condition of your home, amount of inventory in the neighborhood, and how motivated you are to sell quickly.
- The best way to sell your house will depend largely on how much time you have before you must have the money in-hand – if you need to sell now, and waiting will have a significant financial impact on your situation, it might be best to sell to an investor who can pay cash right away.