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How long will it take to sell my home?

How long will it take to sell my home?
ask phyllis a real estate question

 

Ask Phyllis: a blog series of frequently asked real estate questions.

Dear Phyllis,

My company is relocating to Florida, and they will be paying my selling expenses. I have read your column for so many years; I know you. Unfortunately, we need to use a Realtor that they are recommending to us to obtain the full relocation package. Moving out of state, timing is my primary concern. I wonder how long it will take to sell my La Crescenta home.

Leaving on a jet plane

Dear Leaving,

Selling your home involves three distinct phases. First comes preparation. Ultimately, you decide how much time and effort you want to invest in getting your home ready for the market. Next comes marketing. Once your home is prepared for professional photography, photographers typically deliver the images within two to three days. After your agent receives the photos, they should promptly list your property in the multiple listing service (MLS).

In addition, talk with your Realtor about the advantages of using the “coming soon” status. This option allows your home to appear in the MLS before it officially becomes active. For example, if your agent lists your home as “coming soon” on Monday, the MLS immediately distributes the listing to numerous real estate websites and portals. Then, if showings begin on Friday, your listing status changes to “active” that day while your days on market remain at zero. As a result, you gain four valuable marketing days at no cost.

Furthermore, there are not enough La Crescenta homes for sale to meet the strong demand from buyers eager to move into the community. As a result, if you price your home correctly, you will likely receive an offer above the asking price in less than twelve days.

Finally, the third phase is the escrow process. However, your Realtor does not control the buyer’s choice of lender. While an excellent lender can often close escrow in thirty days or less, a mediocre lender may require an additional two to three weeks to complete the transaction.

Best of luck with both your sale and your upcoming move.

You might enjoy: La Crecenta Real Estate Statistics

How to determine your asking price.

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