If you’re planning to sell your property, you may be wondering, “how long does it take to sell a house in Phoenix.” For a number of reasons, you may be hoping to complete your home sale relatively fast and you’d like to take steps to ensure that the process moves along easily.
Fortunately, there are several things you can take into account when asking, “how long does it take to sell a house in Phoenix,” to ensure that you will make the most of your home’s time on the market.
For a fast sale that’s as simple as possible, keep the following points in mind.
How long does it take to sell a house in Phoenix?
There is no exact answer for how long it takes to sell a house in Phoenix because there are several factors that impact the timeline. Depending on a few things, it may take either days or weeks to sell your house.
When asking yourself “how long does it take to sell a house in Phoenix,” you must consider the following:
What Market Are You Selling In?
The type of market a homeowner hopes to sell in has an impact on the average time it takes to sell a house. Asking, “how long does it take to sell a house in Phoenix,” really depends on whether the market is currently a buyer’s market or a seller’s market.
A buyer’s market means that there are plenty of houses available and the advantage is in favor of the buyers. A seller’s market means that there is a limited number of properties available at a given time and the advantage is in favor of the seller.
In a seller’s market, homebuyers are usually more competitive due to limited supplies and houses tend to sell much faster in these scenarios. In a buyer’s market, buyers feel that they have plenty of time to look around and compare their options. In these situations, houses may take longer to sell unless they are exceptional in some way.
Your Home’s Appeal
The average time a house is on the market depends on how eye-catching the advertisements are. Many people begin their search for a new home online, making use of listing sites that show detailed photos of the houses they might be interested in. Providing high-quality photos on your listing will incentivize people to take a closer look.
Additionally, presenting a clean, properly staged home when people attend showings will make them more likely to make an offer than if your home is cluttered and poorly prepared.
Your Home’s Price
It’s difficult to answer the question, “how long does it take to sell a house in Phoenix,” without discussing the asking price you choose to set.
Even if you have a relatively new home that’s in excellent condition, setting your asking price too high might turn potential buyers away. No matter what sort of market you’re selling in, people can only buy what they can afford. As such, the value of a property is a key factor in determining what people are going to buy.
A beautiful home can still be overpriced when potential buyers feel that they are not getting enough value for the amount of money they’re preparing to spend.
FSBO vs Realtors
An important piece of the answer to, “how long does it take to sell a house in Phoenix,” lies in how you plan to proceed with the sale. Some homeowners choose to sell their homes on their own (FSBO) while others work with a real estate agent. Many homeowners find that the average time for a house to sell is significantly shorter when they work with realtors. Though selling a house as an owner can yield a higher profit, homes that are listed for sale by the owner tend to spend at least three times longer on the market than a home sold through a realtor.
How Long Does It Take To Sell A House in Phoenix? It depends on the quality of your property!
Traditionally, a home inspection of some sort is needed in order to sell a home to a buyer who depends on financing, which is most buyers. During the inspection period, issues can arise that make the home sale take longer than anticipated.
No matter how well you have your home staged or how fair you think the price is, if serious issues arise during inspections, a resolution needs to be reached before the home can be sold.
If the home you’re trying to sell has structural issues, problems with wiring, the roof, plumbing, or anything else that will get in the way of financing, the sale might be placed on hold until those issues are fixed. Even still, the buyer might choose to walk away from the sale, which will lead to a longer time spent on the market.
When is the best time to sell a house in Phoenix?
When asking yourself, “how long does it take to sell a house in Phoenix,” the time period you choose to sell will play a role in the answer.
Usually, the spring and summer months see the most activity in the housing market. Sales tend to pick up around March, peak around May, and continue steadily until the warmer months end. During the fall and winter months, significantly fewer homes sell.
However, there is still activity in the market during the winter months in warmer climates. Phoenix tends to have relatively fair weather throughout the year, so home sales may still continue, but at a slower rate, during the winter.
If you’re hoping for the fastest possible sale in the Phoenix area, it’s in your best interest to list your home in March, April, or May. The rest of the summertime will likely result in a semi-quick sale, but the early spring is the best possible time to list your home.
Additionally, if you’re in the market to buy and you’re wondering, “how long does it take to buy a house,” you can rely on home sales finishing faster in the spring.
Every home sale is unique when it comes to the factors that play a role in the timeline of the sale. Houses that are in better condition, for example, typically sell faster than houses with significant damage. Houses that have been upgraded sell faster than outdated houses. Properties that lie in nice neighborhoods tend to sell faster than houses that don’t.
If you’re asking yourself, “how long does it take to sell a house in Phoenix,” out of a desire to sell quickly, be sure to consider the above strategies. The fastest sales come from great staging, selling with the help of a real estate professional, an appropriate asking price, a home that offers quality, and the right timing.
However, many sellers do not have the time or monetary investment available to ensure all of these factors are met.
Fortunately, these situations have solutions as well. If you’re hoping to sell your home fast in Phoenix and the above factors are not accessible to you, or you just do not want to be hassled with traditional home selling, you may want to consider working with a professional cash buyer. Selling your home for cash can yield a decent profit, and accomplish the task of getting rid of the home as quickly as possible.