You want to sell your home, and you may need to sell quickly. You’ve probably landed at our page because you’re looking for the best way to sell your home as quickly as possible. If you’re asking yourself “How long does it take to sell my house?“, the answer is it depends. The honest answer is that it could be as fast as a few weeks, or you might not even sell your house at all. It really depends on a lot of factors, including the condition of the house, price and the local market among other factors. However, in general, it is usually a pretty lengthy process depending on your strategy, there are fast ways and there are slower ways of selling your house and it really depends how much money you’re trying to make from the sale of your home. If you’re wondering “How long does it take to sell my house?”, then continue reading and we will break down how long it can take depending on what option you chose to go with.
Before we get to the solution, let’s define the distinction between an agent and a professional home buyer. When you hire an agent to sell your home, you’re asking them to represent you in the transaction and find a buyer on your behalf. In other words, you’re selling to a buyer through an agent. When you engage a professional home buyer to sell your home, you are working directly with the person who will be purchasing it. To put it another way, you’re selling to a potential investor (they are the buyer).
Now that you know the difference, let’s see how long it might take…
How Long Does It Take To Sell My House With An Agent Vs A Professional Home Buyer?
A real estate agent will show your home to potential buyers and try to persuade them to buy it. As a result, they’ll want your home to be in immaculate condition, and they’ll need to identify as many potential buyers as possible to show it to.
As a result, it may take weeks or months for you to complete repairs before an agent considers your home ready to sell and it can take time for the agent to identify buyers to show your house to, and for one of those purchasers to make an offer. So before even beginning the process of selling your home, you might have to wait months before you consider your house ready to put on the market.
Once your repairs are done, you need to take the time to find an agent, it’s important to find an agent that sells similar houses to yours, knows the local market, has good reviews and gets houses sold. This may take a few weeks from finding the agent to signing a listing agreement with them.
Your next step is getting great pictures taken and putting the property on the MLS. Once this is done, you’re ready for the exciting part, finding buyers. However, if you sell your house through an agent, you may find a buyer who needs financing in order to be able to buy your house and this takes time and can add complications. This is where the stress can begin, and the amount of tension can depend on the condition of your home and the type of loan the buyer is bringing to the closing.
It is not uncommon for an inspection to be ordered, and an inspector will go through your home to look for any problems. When the report comes back you may have to make some repairs to the house yourself or the buyer may try to work you down on price. Some lenders may require that you make the fixes yourself before the house is even sold. If you decide to do the repairs this could take even more time, and not to mention the time it takes for the inspection to be scheduled and to get back the report.
If you thought that things could not take up more time or become more stressful, well they can. The next time-consuming issue you could run into with traditional financing is the appraisal. When the appraiser goes to the home, they want to figure out the value of the house. From the time the appraisal is ordered to getting back the report can be around a few weeks depending how quickly it is scheduled and delivered. When the report comes back sometimes the price the appraiser thinks your house is worth can be less than you anticipated.
What do you do at this point? Sell your home for less than you anticipated? It can be a complicated decision to make, and you may decide to start looking for a new buyer which means you may have to start the process of finding a buyer all over again. This could potentially add more months to the time it takes to sell your house.
So, summing it all up when selling your house with an agent it could take months to go through renovations, appraisals, inspections, etc. If you decide to sell your house with an agent, you may want to consider looking for a cash buyer, if possible, to avoid ad least some of the time-consuming process and stresses of appraisals or other issues that can come up. So, to answer the question, “How long does it take to sell my house with an agent?”, it can take multiple months to go through the entire process from renovation to sale.
As a result, selling your home through an agent can potentially take months — it all relies on how soon you can get it in “showroom condition,” how quickly they can locate a buyer, and whether the buyer completes the transaction.
How Long Does It Take To Sell My House With An Agent Vs A Professional Homebuyer?
Many people are surprised to learn that a professional homebuyer is another option that you can use to sell your house. So naturally many homeowners are asking themselves “How long does it take to sell my house with a professional homebuyer?” The answer is that frequently the process can be faster as you’re selling a property directly to an end buyer instead of hiring an agent to help you find a buyer. So, lets break down the process of selling your house with a professional homebuyer
Professional Home Buyer a Faster and Less Expensive Option?
Working with a professional home buyer can often be viewed as providing not only less costs but also typically leads to a quicker sale of your home. This can often be reality with many professional home buyers. One of the reasons why professional homebuyers can lead to quicker sales is because they often have multiple ways to purchase a property. Professional homebuyers do not always have to wait for a loan and some of them have access to private loans or cash.
A professional home buyer might be one of your best options also if you’re looking to sell your house quickly, especially if they are not using bank financing. If you are one of those sellers who wants to know “How to sell my house fast?“, then professional home buyers can be a great option. But why does a professional home buyer not using a traditional loan mean a faster sale of your house? One possible reason is because when you sell your home to a traditional home buyer often with an agent, the transaction can potentially get complicated and take longer to sell due to appraisals and inspections. With a professional home buyer, they may have a contractor go to the property and take a look, if the numbers with the professional home buyer works, they will make an offer on your property. This can really save weeks of time especially if a bank is not involved in the transaction.
Many people go down the road of trying to sell their house with an agent and there are benefits to doing this. However, if you sell your house through an agent, you may find a buyer who needs financing in order to be able to buy your house. With experienced professional homebuyers, they likely already know the price that they need to buy your house at after a member of their team does a walkthrough, and they do their analysis. Assuming the professional home buyer is not using a bank, then the appraisal process is usually skipped all together saving you potentially weeks of time.
Depending on the professional home buyer, they may come to the deal with cash and do not have a lender involved in the transaction, and it can often times be much more straight forward. This is one of the reasons why some might lean towards professional home buyers.
Sell Your House Fast As-Is? Save Time?
There are definitely some strengths for sure when it comes to selling your house to a professional home buyer including saving time. One of the strongest advantages is that many of these companies will buy your house in its as-is condition. This is saying that the professional home buyer will deal with any fixes that the house needs to be done for the house and you may not even need to clean up after yourself as you leave. This can be a big benefit as some sellers do not have the money to do a potentially expensive renovation and selling their house as-is could be their only option. So, for sellers who are asking themselves “How long does it take to sell my house to a professional homebuyer in Cleveland Ohio?”, the answer is that your house can be purchased in a few weeks.