How Long Will It Take To Sell My Home?

By John Lyons

John Lyons, a distinguished broker associate at Baird & Warner, has carved a niche in the Chicago real estate market with his comprehensive, client-first approach. With over $130 million in career sales, Lyons has a proven track record in assisting a diverse range of clients, including luxury home buyers, first-time buyers, sellers looking to move up, and investors.

Wondering how long it will take to sell your home this summer? According to Redfin, the average home takes about 61 days on the market to sell. However, this number is just an average; in reality, some homes sell almost instantly, while others stagnate on the market for months. Why is this? In my opinion, it comes down to two key factors: Condition and pricing. Today, I’m going to break down each of these factors and explain how you can leverage them to sell your home faster:

• Condition. You can’t control your location, but you can upgrade your home’s condition before you hit the market. Make sure you take care of any minor repairs upfront. You may even want your agent to do a walkthrough of your home and point out anything that might worry buyers. Small things might not seem like a big deal, but they leave an impression on your buyers that your home might not be in good shape. Plus, buyers don’t have a ton of spare cash due to high prices and interest rates. If they don’t have to pay for repairs themselves, they’ll be more likely to put in an offer fast.

• Pricing. Your initial price is more than just a number; it’s the first part of your marketing strategy. Work with your agent to find similar homes in your area that have sold recently to find a good starting point. From there, choose a reasonable starting price to draw attention, create competition, and start a bidding war. This will help your house sell quickly and naturally increase the price to wherever the market is at.

Hopefully, these tips will help you sell your home quickly. In the meantime, don’t hesitate to call me at (773) 558-7133 or send me an email at John.Lyons@BairdWarner.com for a free home-selling consultation. I’ll go over the details of your home with you and share what you can do to move fast. I look forward to hearing from you!