Selling your home is an exciting process—until you realize that the longer it’s on the market, the more money you’re going to have to shell out. That’s right: the longer your house sits, the more money it costs you.
Here’s why.
The Real Estate Market is Fickle
Real estate markets are fickle beasts at best. What’s hot one month may be cold the next. Besides that, a few days of bad weather can put a damper on showings and make your house look less desirable than it really is. On top of all that, if your listing has been up for weeks or months without any offers, buyers are likely to think that there must be something wrong with it and will pass on making an offer. With this in mind, it pays to be strategic when setting your listing time frame in order to maximize your profits and minimize your losses. This is where Real Estate Professionals rescue you!
The Costs Can Add Up Quickly
When you list your home for sale, you typically have to pay closing costs (a percentage of the purchase price), realtor fees (usually 6-8% of the purchase price), taxes owed on any profits from the sale (if applicable), and other miscellaneous costs associated with selling a home (such as inspections). All of these costs add up quickly – and they don’t get any cheaper when your house remains unsold for several weeks or months! The longer a house remains listed without receiving an offer, the more costly it becomes for sellers; every week that passes without an offer raises expenses exponentially.
Strike While the Iron Is Hot
If you want to avoid paying too much in closing costs and realtor fees, then you should consider taking advantage of market trends while they last. If prices are rising in your area, or if homes similar to yours have been selling quickly recently, then now is definitely a good time to list! Taking action while market trends favor sellers helps keep overall costs low by minimizing long-term listing times and reducing exposure to potential buyers who might not be as eager to make an offer if they know that other buyers have already passed on it before them.
“If you’re in need of an expert that can help you sell that house fast, let’s meet!”
