Selling Your Property: Factors That Impact Your Timeline and How to Maximize Your Chances of Success

Selling a property can be a daunting task, and one of the most frequently asked questions by sellers is, "how long will it take to sell?" There are many factors that influence the length of time it takes to sell a property, and it's important to consider these factors before listing your property for sale.

The first factor to consider is the method of sale. Two common methods of sale are auction and traditional listing. Auctions can be a great option for some properties, while others are better suited for a traditional listing. It is a good idea to speak with a real estate professional to help determine which method is best for your property. Once you've decided on the method of sale, you'll need to sign a contract with a real estate agent that understands your property and is proficient in the method that is best suited to sell your property.

During this time, your real estate agent will also go over all the disclosures with you. Disclosures are documents that provide buyers with information about the condition of the property. It's important to have these documents available for buyers to review before making an offer. Once the contract is signed, your real estate agent will schedule a professional video and photography session.

Prior to taking pictures and video, it's essential that your property is staged and ready to be showcased by professionals. This is an important step in the selling process, as the photos and videos will be used to market your property to potential buyers. Once the pictures and videos are complete, your real estate agent will work on all the back-end digital marketing. This is a critical step in getting your property in front of as many potential buyers as possible. In a hot market, some people think that they can easily sell on their own with little marketing efforts. Although some may have found success in this approach, to truly maximize your potential, you need a marketing master. Marketing matters no matter what the market condition is if you want to sell your property for the most possible amount.

Your real estate agent should utilize a strategic, comprehensive digital marketing strategy to expose your property to the masses. This involves much more than just putting up a sign and listing your property on the MLS. The digital marketing strategy is a detailed plan that takes time to implement. Typically, it takes about a week to 10 days to complete this step. Once completed, your property will be ready to hit the market! A good marketing expert will use many forms of marketing to get the maximum amount of exposure to your property.

The time of year and market conditions also play a significant role in the timeline for selling your property. However, once you do have a valid contract, typically, it takes about 45 days from the time of the purchase agreement to the closing date.

In an auction, your real estate agent will generally allow three weeks for marketing prior to the auction date. Once the auction is complete, the closing process can be completed within 30 days. This means that from the time you sign the listing agreement, it can take anywhere from 45-60 days to close on the sale of your property.

Just remember that there are many factors that impact the timeline for selling a property. It's important to work with a knowledgeable and experienced real estate agent who can guide you through the selling process and provide you with accurate information about how long it will take to sell your property. If you're thinking about selling your property and would like more information about the process, don't hesitate to contact us. jared@auctionplus.net. Make it a great day to sell!