Timing
How quickly will my home sell?
It’s a question that we get asked all the time from sellers. The market climate is actually what is going to determine how quickly your home will sell. How long will your Vegas or Henderson home sell in a hot market where there is limited inventory meaning there are more buyers and homes to purchase. You can expect your home to sell in just a few days. Although I highly recommend allowing the home to have proper marketing time so you can receive the most amount of offers with the very best terms.
You might want to look at offers as they come in, but again, the market climate and what’s happening always determines whether or not you should allow more marketing time. If there are more homes on the market than buyers, then you can expect a longer time for the home to actually sell. We can discuss the timing and how quickly we feel your home will sell when we meet with you. It’s really important to look at the absorption rate in determining pricing. Absorption rate is a term most commonly used in the real estate market to evaluate the rate at which homes are sold in a specific market during a given period of time. According to Investopedia, a seller’s market would have an absorption rate that equals more than 20% and a buyer’s market would have an absorption rate that’s actually lower than 15%. If we are seeing a home taking longer than 60 days to sell, then it’s usually overpriced.
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