How long does it take to look for or sell a home?
The Million Dollar Question Right? I know some people are very fixated on stats and averages. How many homes on average do people see before they buy? How many showings do I have to have before I need to lower the price? Can you estimate how long it will take me to find a home or sell my home? These are some of the questions I get asked.
I know I frustrate people when I say: “Hold on. We are on a journey here. The answer is however long it takes you to find the right house or find that right buyer for your home.” I truly believe in an individual’s Real Estate Journey. It’s not an easy road. It usually has a lot of twists and turns. One minute you think you found the one and then the next minute you discover that you are starting all over at square one.
A lot of the situations faced are predicated on how well the inventory is doing. If you have low inventory and a well-priced home, then it will most likely result in a fast paced environment. If you have high inventory and a not so well-priced home, then it will most likely result in slow paced environment. Then you have all the shades of gray in between.
Using stats and averages and taking a look at the numbers should be utilized as a guiding system. Use them and act upon them as indicators toward your Real Estate Journey.