Surprisingly, houses are selling faster in 2020 (despite the pandemic) than in the previous years. This brings good news to those who want to sell house fast. Last year, homes across the U.S. spent an average of only 25 days on the market prior to getting under contract, down from 30 days in 2019.
Once the offer is accepted, the selling process usually needs an additional 30 to 45 days closing period before they are officially sold. Hence, the average time it takes to sell a house in the U.S. is 55 to 70 days. But the fastest way to sell a house is significantly faster than the average. If you’re wondering what’s the quickest way to sell your home, the answer is through cash house buyers.
With a cash home buyer, you can get an offer within 3 days or less. The closing dates are also flexible and you can close in less than two weeks after accepting the final offer. Most real estate agents will dissuade you from going for this option, saying the cost of speed and convenience is very high, and that you’ll make significantly less money. They will naturally discourage sellers from going this route because they want sellers to sell through them.
It’s important to know when you sell your house for cash you are not just benefitting from a quick sale. You are also saving money at the same time. How? First, companies that buy houses for cash will buy your house as-is. That means you do not need to spend money on repairs or renovation. Second, cash home buyers like the Property Twins do not charge any real estate fees, and they take care of the closing costs. Essentially, all you have to do is sit back, relax, and get your cash.
What month is the best to sell a house?
In most U.S. locations, the first two weeks of May are the best time to sell your house. Sellers can expect to sell their house 18.5 days quicker than any other month and for 5.9 percent more money. In other areas, it’s better to sell your house in early April or June than in May.
However, it is important to note that springtime isn’t always the best time of the year for a home sale. There are many factors that come into play that can influence the market, such as mortgage rates, tax incentives, and job growth. It is safer to say that the ideal time of the year to sell a home depends on its location. In Cincinnati, the best time to sell a house is early to mid Spring.
What’s the worst time to sell a house?
The months of October, December, and January are found to be the worst times to sell a house. This is based on the data gathered by ATTOM. It shows that home sellers listing in these months get significantly less than those who did in April through June.
These months being close to the holidays, people not wanting to spend more money at this time of the year, and the weather could be the reasons why it’s hard to sell a house. People aren’t likely would want to move when it’s freezing cold outside.
Also, if you want to sell home fast, you might want to avoid listing it on a Monday. Data shows that homes listed on a Monday take longer to sell.
If you want to sell your house the quickest way possible, then go to a cash home buyer. The offer you can get might be lower than the market value, but it is still a good option since you no longer need to spend money on repairs or on making your house look better. You also don’t have to wait for the best months for home sales. You can always expect an offer from a cash house buyer.