Timing isn't everything when selling a home but it can definitely make a difference! Early Spring through mid-November are great times to sell a home. However, we’re experiencing a seller’s market, allowing homes to sell faster and at higher prices so the window of opportunity has widened.
Low mortgage rates benefit sellers, enabling more people to buy, which could increase the amount of buyers interested in your property. Conversely, if you plan to buy another home, low mortgage rates will give you more buying power.
A realtor has loads of expertise and an in-depth knowledge of the area and how your home compares to others on the market.
Real estate agents offer a network of professionals throughout the process that requires negotiation, dozens of forms, reports, disclosures and other documents.
Real estate agents aren’t just helpful during the listing process. They have access to a network of professionals throughout the entire selling journey. We make it our mission to know everyone and our connections include professional photographers, stagers, home inspectors, contractors, and title and lending companies.
Online estimates and virtual appraisals have limitations, so ultimately, the market determines the price.
The first step in deciding your home’s list price is to get a comparative market analysis (CMA) that takes into account recent home sales, current listings, market trends, current supply and demand, and other factors.
Your agent will find similar homes in your neighborhood that have the same square footage, number of bedrooms/bathrooms and similar features. They’ll determine what homes recently sold for, and use this as a starting point for your own list price.
The best way to position your home on the market is to think in terms of a range, from a top price to a low price. A great agent will be an expert in your local neighborhood, so they’ll be able to price your home to sell fast.
Homes across the U.S. are selling faster than in years past. In 2021, the average time it takes to sell a home in Ohio (from listing through closing) is approximately 78 days. That’s 43 days to get an offer, plus the typical 35-day closing period (realtor.com, November 2021).
Key factors that impact the amount of time it takes to sell a home in Ohio varies depending on the time of year, conditions in the local market, condition of your home and buyer financing.
Zillow tracks the number of days that homes are for sale in major metropolitan areas across the U.S. Of the 100 largest metro areas, the Columbus market is where homes go under contract the quickest - in just 8 days! The data is based on the median number of days homes were on the market before moving into a pending sale status, from January 2018 through September 2020 (zillow.com PREPARING TO SELL What Is the Average Time to Sell a House?)
You can make quick, yet impactful repairs and updates that include professional cleaning, installing new carpet or painting the interior. However, if it’s a seller’s market and homes are selling quickly, you might not need to make these repairs.
Real estate agents do a lot of work to help facilitate a successful sale for their clients that includes pricing homes, marketing listings, preparing paperwork and negotiating.
When you enlist the help of a real estate agent or REALTOR® (a member of the National Association of REALTORS®, the main trade organization for real estate professionals) to sell a home, they get paid a commission based on the price of the home.
Real estate commission can vary by location and brokerage. As the seller, you’ll be responsible for paying your agent through your sale profits. In most cases, the total agent commission is 7% of the home’s sale price, split four ways between the listing agent and their broker and the buying agent and their broker.
