The average time it takes to sell a home is 50-90 days. Many factors affect how long it takes to sell a home. These elements can include market conditions, buyer financing, the time of year and the prep time to get a home ready for marketing.
A home that is in good condition, has good curb appeal and is in a good location will attract buyers more quickly. Competitively pricing a home is key to having a reasonable time on the market. A cash buyer and one who is willing to buy a home in as-is condition can expedite the closing time.
Once an offer is accepted, the average closing time will be 30 to 45 days. The buyer’s loan is processed during this time along with the lender obtaining an appraisal. Property inspections also occur during the closing process.
The title or closing company will then coordinate the signing of all the final documents, collect the buyer’s closing funds and finalize the settlement statements so the transaction can close.