How Long to List Your House for Sale
One of the basic parts of selling your home is listing it for sale. While newspapers are the most popular way to list a home for sale, Internet websites that list houses for sale are becoming increasingly popular. But knowing how long to list your home for sale can be a difficult decision. If you list it for too long, the property can get "stale" in the minds of the buyers looking for a home, and if you don't list it for long enough, you may not find the right buyer who will offer you what your home is worth.
Deciding How Long To List Your Home for Sale
While your RealtorŪ or real estate agent may suggest a length of time for listing your home for sale, it is ultimately your decision. To ensure that you get the right advice on how long your home should be listed for sale, you should hire a professional RealtorŪ like Karyn and Kimberly Schonherz. There are also some factors to take into consideration when you decide how long to list your home for sale.
- The current market - If it is a seller's market, it may be to your advantage to list your home for longer than normal. If it is a buyer's market, listing your home for a shorter amount of time might be necessary.
- The number of showings you want to have - Having more showings means a chance of an offer, but having too many showings can damage your chances through word of mouth.
- The style of your home - The different styles of a home can lead to a longer or shorter listing time.
Depending on the market and style of a home, you could benefit from a one month long (30 day) listing, or even an entire year (360 day) listing. The length of your listing can mean the difference between getting a sale immediately and having to re-list your home at a later date with a different price.
Listing Lengths
There are four basic listing lengths that real estate agents will suggest when discussing with a client how long a home should be listed for sale. These different lengths of time are based on the market, the style of your home, and even how successful your real estate professional is at getting you showings with interested buyers.
- 30 Day Listing A thirty day listing is usually advisable when it is a seller's market and homes are going into sale pending status within days. If this is the case and you are unable to sell your home in this time frame, consider the price and re-listing at a lower cost.
- 90 Day Listing When the market is normal, a 90 day listing is the most common length of a house being up for sale. During the first thirty days you should get a lot of showings if your home is priced correctly, and if not, ask your RealtorŪ on some home improvements that might entice people to come look at your home.
- 180 Day Listing A six month, or 180 day listing may be necessary if it is currently a buyer's market. Check out how quickly similar homes have sold, and decide whether you might need this longer listing time.
- 360 Day Listing A one year listing is usually used for people who live under special conditions. These conditions include: homes located out in rural areas, farms, large mansion style homes, and even private islands or vacation homes.
Consult with your real estate professional before making any decisions on how long to list your home for sale. If you do some research and make a wise decision, you should be able to sell your home before it is no longer a new and exciting part of the current market. Call Karyn and Kimberly Schonherz today at 714-283-6653 for more information on how long to list your home for sale.
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