Home Selling in Smyrna>Question Details

Brett Annand,  in 19702

How long will my home be on the market before it sells?

Asked by Brett Annand, 19702 Wed Jun 11, 2008

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Without more information, that is extremely hard to answer.

In general, price, condition, staging and marketing exposure will have the most significant impact on how long it takes to sell your home. We typically measure the health of the market based on what we call "months of inventory", which is a basic calculation that takes into account the amount of homes on the market divided by past home sales.

Six months of inventory is considered an equally balanced market. More than six is a buyer's market and less is a seller's market.

As an example, we only have 7 months worth of inventory in the 30080 zip code for homes between $200,000-$299,999 versus 15.62 months worth of inventory for homes between $400,000-$499,999. This is just a market indicator, but what is more critical is how your home compares to those other homes that you are competing with. Make sure you know your competition and why a buyer should pick your home.
0 votes Thank Flag Link Wed Jul 2, 2008
That is the million dollar question!
0 votes Thank Flag Link Wed Jun 11, 2008
That depends on a lot of things. Price, it should be priced to sell. What condition is it in?
Location, location location is very important. Dose it have curb appeal? It could sell right away or it could take a year to sell. It is really hard to say.
0 votes Thank Flag Link Wed Jun 11, 2008
It will depend on your competition. Price range, size, location, and curb appeal are important factors when selling a home. Go to my website at http://www.StagedBD.com for information that will help you with the sell of your home. Better yet, call or email me to schedule an appointment and Ill be happy to share my knowledge and expertise with you and get your home sold at max value.
0 votes Thank Flag Link Wed Jun 11, 2008
The answer depends on several factors. There is about a 10 month inventory of homes on the market now. Homes must be in the best of condition, both structurally and cosmetically, and most importantly must be priced competitively to attract buyers quickly. Call or e-mail me for more information and statistics.
0 votes Thank Flag Link Wed Jun 11, 2008
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