New Smyrna Beach Realtor
One of the first questions that sellers typically ask me is “How long will it take for my home to sell?” This is not a simple question to answer. There are many factors that go into selling your property. Homes can sell the week they are listed and others take longer for that right buyer to come along. Consider the following elements below when estimating how long it will take to sell your New Smyrna Beach home.
1. The Market –
The most significant factor impacting the length of time it will take for your home to sell is the current condition of the housing market. If the housing market is strong, your home will sell more quickly than when the housing market is performing poorly. The good news is, the housing market in New Smyrna Beach is performing well as our inventory is low and demand is high in our city.
2. Interest Rates –
Interest rates fluctuate daily. When interest rates are high, buyers will be more hesitant to apply for a new loan. When they are low, buyers are more likely to shop for a new house and apply for a mortgage. Buyers can spend more on a home when interest rates are low. This may bring additional buyers into the price range of your home.
3. Competition –
Your home may take longer to sell if there is lots of competition in your neighborhood. For example, if a buyer has made up their mind to buy a home under $275,000 in Venetian Bay and your home is one of three listed in that price range in Venetian Bay, buyers will more than likely consider your home. However, if there are many homes in the same price range with similar features and amenities, buyers may not be as interested in your home.
4. Marketing –
If buyers are not aware that your home is on the market, they will not come look at your home. To sell your home quickly, it must be marketed effectively. To be sure that your home has the best exposure, you need to find a New Smyrna Beach Realtor that is an expert on this area and who will invest their own money to advertise your property to the right buyers.
Visit my website at http://www.sarahcaudill.com to learn more about me and read my testimonials from buyers and sellers who have worked with me. Contact me today to learn more about listing your home for sale.