How long will it take to sell my home in New Smyrna Beach FL?

Views from Ebb Tide - www.sarahcaudill.com

Views from Ebb Tide – http://www.sarahcaudill.com

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.

How to Financially Prepare to Purchase a Home

Before you start shopping for your property, it is a good idea to make some preparations.

Build Your Green File.

A green file contains all your important financial documents. You will need it to secure financing for your property. The typical green file should contain:

  • Financial statements
  • Bank accounts
  • Investments
  • Credit cards
  • Auto loans
  • Recent pay stubs
  • Tax returns for two years
  • Copies of leases for investment properties
  • 401K statements, life insurance, stocks, bonds, and mutual account information.

Check Your Credit Rating.

Your credit score will have a huge impact on what type of property you can buy, and at what price. It is first recommended to check your credit rating with an experienced lending institution so that Sarah can determine what you can afford. The lender will research your credit ratings from the three credit reporting agencies Equifax, Experian and Trans Union. I will be happy to recommend experienced, knowledgeable lenders in the residential, construction, commercial, and investment real estate fields.

Be Careful With Your Finances.

Now is not a good time to make sudden career changes or large purchases. You want to approach your property purchase from a position of financial stability.

Please visit my website to find more tips on preparing to purchase a home  Deciding to Buy and search the MLS listings throughout Volusia County directly on my website www.sarahcaudill.com