Recent market trends show that now is the perfect time to sell your Bay Area home, with properties in several counties selling in just around two months’ time. However, depending on specific situations, some factors may extend or reduce that timeframe.
If you’re planning on selling your Bay Area property, here is a basic seller’s guide to a home sale, and essential tips on how you can sell your property fast.
What are the factors to consider in a home sale?
When figuring out how long it takes to sell a house, consider the following factors:
- Current market conditions and location of the property. Real estate market trends vary from one locale to another. If you’re in a seller’s market, chances are your property will sell faster compared to a similar property in a buyer’s market.
- Timing is everything. Spring is usually the best time to sell a home because more people are looking to buy during this season. On the flip side, fall is typically the slowest time for sellers in most markets.
- The type of home you’re selling and the price range. Not all properties sell at the same rate. A mid-range single-family will likely sell faster compared to a luxury property. Meanwhile, most luxury properties can go unsold for over a year depending on how high-end they are.
Every home is different so it’s always best to get an opinion of an experienced real estate agent or broker.
Average timeline of a California home sale
There’s a lot more to selling a home than simply finding a buyer. Here’s a quick snapshot of the average home sale process:
- Listing a home on the market (around 25 days)
- Accepting an offer (within 24 hours to three days of receiving the offer)
- Home inspection (five days after accepting the offer)
- Closing (average of 30-45 days)
Take note that cash sales can be finalized much more quickly compared to a typical home sale financed by a mortgage.
Tips on selling your Bay Area home fast
There are ways to expedite the home selling process. Here are some tips on how to quickly sell a home in the Bay Area:
- Take good listing photos. Listing photos are the first thing potential buyers see, so make sure your photos create an excellent first impression of your home.
- Price it properly. Overpricing a property could lead to your home staying on the market longer than it should. Work with an experienced Realtor to make sure you price your home competitively and accurately.
- Get expert help. The key to getting the most out of your Bay Area home sale is getting the assistance of an expert real estate agent. The right Realtor has the knowhow and network to help you find the right buyer fast and make sure the whole process goes smoothly and without any delays.
Selling your Bay Area property can be easy with the help of a local real estate expert. I’m Amir Hardy and I’ve been helping sellers get the best profit for their Bay Area homes for over 13 years. Call me at 415.602.0570 or email amir.hardy@compass.com and let’s discuss your real estate needs.