SELLING A HOME in Oro
Valley
HOW LONG IS IT GOING TO TAKE?
HOW LONG IS IT GOING TO TAKE?
68 days
At least that’s the average time on the market according to
Zillow. This time span is from listing to close. Generally, expect a home to be
on the market at least 30 days before accepting an offer (adding the additional
time for offers, inspections, financing, closing, etc.).
This is far better than 2010 when the average DOM (days on market) time was 140 days!
This is far better than 2010 when the average DOM (days on market) time was 140 days!
3 Bedroom=Faster Sales
This is
the national average:
- A
3-bedroom, 2.5-bathroom house with 1,800 square feet selling ask of $200,000
is the typical home sold.
- Single
family homes make up to 80% of homes on the market
- The
remaining 20 percent are townhouses (7 percent), mobile homes (7 percent),
condos or co-ops (5 percent), and duplexes or triplexes (2 percent).
Selling
a house quickly depends on the market – contact me to find out the
average DOM for Oro Valley
Avoid these mistakes to help your home sell faster
Some homes sell quickly and some linger on the market for months…or
even years. Why? For every house that sells in 68 days, there are some that
sell much faster and some that sell much slower. Follow the tried-and-true
advice to help your home sell faster.
- Too many days on the market: OLD=TIRED or SOMETHING WRONG If a house lingers for too long, or goes pending and then back on the market, there is usually a reason: Price, difficult sellers, odd situations or problems with the home. Buyers are savvy and will notice if your homes sits too long so be real about pricing, make you home a showplace from the very first day and make sure all problems are dealt with before you list it.
- High
priced: This
is the number one issue to selling a home. Sellers tend to want to ask a
certain price “to see if they can get it” and then want to lower it if
they don’t. Unfortunately, this adds to time on the market (see #1). Be
realistic about what the market is for homes like yours. Don’t think yours
is better or worse…stay in the average pricing for the most offers right
off the bat.
- Location
not so great?: Noise
from a road? Less-than-clean neighbors? Buyers will notice so if you want
to sell, you’ll have to make some concessions…usually in the price. Make
sure your home is priced accordingly.
- Poor
condition of the home: If a new roof, new heater and new landscaping
all required…beware that buyers will certainly want to knock off money in
order to pay for these updates themselves. Some buyers won’t even bother;
they will by-pass your home as uncared for or too much work. If you’ve deferred
maintenance (especially on big ticket items), be prepared to price lower
than your average homes in the area.
- No
curb appeal: Next
time you are out, drive home and instead of driving right up to your door,
just drive by slowly and really assess how buyers might see your home. A
bunch of bikes/toys/kid stuff outside? That makes it look cluttered. No
bright flowers/plants or dead one? Not a good sign. A walk that needs a
good sweep or cobwebs that need removing. Get on it and clear out all
exterior clutter before your showings.
- Off-season: In the
vast majority of the country, late spring is the top time to list, because
the most buyers are looking. However, here in Tucson and Oro Valley, early
fall, winter and early spring are best. We get the most visitors when the
other parts of the country are iced over…so take advantage of these
seasons for listing and the most potential buyers.
Buying or selling in ORO VALLEY?
Rodger P. Garner
Realtor, HomeSmart Advantage Group
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