San Antonio TX Real Estate-How Long Will it Take to Sell My House
Brenda - good morning. This is THE question all home owners ask and is likely the hardest of all to answer because the truth is WE DON'T KNOW! You present a good answer for this age old question.
Hi Barbara-It is the big question and the hardest to answer :)! I sure wish I had that magical crystal ball to give the exact time frame...but unfortunately I have to go with guestimates with what the numbers show :)! Thanks for stopping by!
Hi Brenda,
You present an interesting and intelligent approach to answering a challenging question. If the house is average or substandard it will clearly take longer unless the price reflects that condition. If the house is superior then it will sell faster if a "premium" is not added. if it is priced higher then still an average sales period, usually. The absorption rate gives us a bench mark which could also aid in a list price tool. Nicely said and defined.
Hi Cathy-Thank you so much. The absorption rate helps the seller to know where to position their home on the market depending on their needs. If they desire a quick sale in a buyer's market, then they need to price accordingly. Condition and location of the home is going to also factor in how to price their home.
Good morning by the way and thanks for stopping in :)!
Hello Brenda,
I get this question a lot... I understand sellers, but I wish they would listen to me as well... Sometimes they do, but sometimes they don't.
thanks for you post.
Brenda, It's a challenging question to answer. We can look at all the other homes, but the reality is that if they're priced right, presented well AND that right buyer is out there, it COULD happen that first showing....it doesn't happen often, but sometimes it does. On the other hand, throw in some power lines or some other perceived issue, and unless price is VERY attractive, it may take much longer than everyone else.
Hi Tatyana-All one can do is present the data and let the seller make the decision. If they trust you and what you are saying, they will listen :)!
Hi BLiz-No doubt...there are lots of factors involved in whether a home will sell fast or not. The big three Price, Condition and Location all factor in. Bottom line though is to arm the seller with information in helping them to Price their home to be competitive in the market today :)!
Thanks for visiting!
Brenda I get a similar question asked me all the time about the Rates. Do I think that the Rates are going to go up or down. My response to the question is always the same "if I knew the answer to that question I would be a very wealthy man sitting at a warm beach and not writing mortgages" ........ LOL
Brenda,
Very good blog to teach clients and potential clients about the process of selling their home. If any one of us could make accurate prdictions then we could easily becme rich and live somewhere near the beach or whereever that perosn dreams of living. As we all know every home is unique froma selling standpoint.
Hi Brenda-
Oh if only we had that crystal ball we'd all be famous in the real estate world. Good blog with tons of "Google Juice"
Regards from the Q
What George?! You don't know if the rates are going up or down and the exact timeframe it will happen?! Ha :)! It would be terrific to have that crystal ball too!
Hi Robert-No doubt, no doubt...best we can do is look at the stats and give sellers our best professional opinion.
Hi John-Need that Google Juice :)! Being famous in the Real Estate World would be really nice too ;)!
Hi Carol Ann-Thank you so much. I try to make things easy to understand :)! Thanks for stopping in!
Good evening, Barbara. Nicely written. Easy to understand answers to qestions many ask...
Hi Michael-Thank you so much. I hope to make some things that may seem complicated a bit easier :)!
Wouldn't we love to put a time limit on how long it would take to sell a home. We can only make it easier by looking at the facts, pricing, absorption rate, competition, etc. Great explanation, Brenda.
Hi Russel-I thought so too :)!
Hi Jane-No doubt but I try to give them a best as quess as I can based on the data I have. Of course I always tell sellers that it's a guess, :)!
Thank you both for commenting!
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