How long will it take to sell my house?
As real estate agents, this is one of the most common questions we get asked at McGrath Real Estate, along with how much will I get for it?
There are many factors that play their roles in the sale of a property, a number of which are out of control of both the seller and the agent.
For example, seasonal weather variations, academic calendars and even major events can influence patterns of demand.
So the most important advice to begin with is to be realistic about how long it may take to achieve the sale price you desire and beware of anyone who tells you exactly when your home will be sold or who promises to sell it very quickly.
Here are the 4 Ps of selling property, they'll help frame this article.
How long will it take to sell my house? Preparation
The better prepared you are, the shorter the time your property will be on the market.
You will need to look at your home through the critical eyes of potential buyers.
If that’s too difficult to do, try to remember the things that delighted and disappointed you when you first inspected the property yourself and consider any improvements you have made since then.
Your McGrath Real Estate agent will be able to provide an informed and impartial opinion on the strengths and weaknesses of your property.
Of course, budget will dictate that most buyers have to compromise on one or more of their ideal requirements and it’s rare that an existing home will tick every box.
To make your home stand out from those it’s competing against you need to highlight its best features and act to counter any possible concerns prospective buyers may have about it.
How long will it take to sell my house? Price
Choosing an experienced agent will ensure that you benefit from his or her industry knowledge and accumulated price data, which will guide you in setting a realistic price.
Your agent will know the prices for which similar homes in the vicinity have sold, the asking price for comparable homes currently on the market, as well as their selling points and how your property compares with them.
Should you choose to list your home with us, your McGrath Real Estate agent will go through an evidence-based approach to arrive at a likely sale price.
How long will it take to sell my house? Place
When selling your home its location plays a major role, with some locations being more desirable than others.
A good local agent will help you to capitalise on the strengths of your property and will be familiar with the desirable features of the immediate neighbourhood and nearby suburbs.
This is why we focus on the western and coastal suburbs of Adelaide; McGrath Real Estate agents know these areas and will be able to speak confidently about them to potential buyers.
How long will it take to sell my house? Promotion
Your agent will tailor the marketing of your home to highlight its best features and guide prospective buyers that are a good fit for it towards inspection.
They will then lead you through marketing and promotion decisions.
Your local real estate agent’s expertise will ensure that your property is on the market for as short a time as possible, by bringing it to the attention of the buyers who are the strongest prospects.