There are several key factors in selling a home in a timely manner. Your agent will help you determine the value of your home based on location, comparables, condition, etc. When all is said and done it will be price compared to other similar homes that determines whether or not the home sells. The price of other homes that have sold in your area will help you determine what price your home will sell for. If you need a quick sale, price your home under the current market value of homes in your area. If you don't care if the home takes a few months then you can price it a bit higher.
Be careful that your home doesn't age too much on the market. Other real estate agents can see how long your house has been on the market and red flags may come up when they considering time on market.
Below is a list of the percentages of homes that sell within the period of time since they were listed.
1 Month - 40%
2 Months - 7%
3 Months - 7%
4 Months - 20%
5 Months - 10%
6 Months - 7%
7 Months - 9%
Statistics are based on National average of homes sold, found on Realtor.com.
If your property isn't sold within 30 days, a price adjustment should be made!
