How Long Does it Take to Sell a House?

Nine times out of ten, home sellers want to have their property listed and sold as soon as possible.

There’s a lot that goes into selling your home – and it’s far from an overnight process. However, the timeline of your home sale isn’t totally up to the market either. In reality, you can sell your house fast and for top dollar in any market as long as you take the right approach.

In this blog, we’ll look at how long it takes to sell a house on average, and what you can do to speed up your sale.

What’s the Average Time to Sell a House in Ontario?

If you’re wondering how long it may take to sell your house, there are two timelines you need to consider. First, there’s the process of getting your house market ready and officially listed. After that’s wrapped up, you’ll begin a new journey of waiting for buyers to discover and place offers on your home, which will also take time.

So, what’s the average time to sell a house in Ontario? That depends on how you look at it. For example, the average Days on Market in your neighbourhood could be 30 days, but that doesn’t account for the weeks or even months of pre-listing work that’s involved.

If you’re looking for a personalized estimate on how long your selling process could take from start to finish, speak to a knowledgeable local real estate agent.

On the hunt for more home selling tips? Check out these other blog posts!

• What to Look For in a Listing Agreement
• Are Home Sold Guarantees the Real Deal?
• The Top 5 Common Mistakes Home Sellers Make

How Long Do Houses Stay on the Market?

Pre-market preparations look different for every seller. As a result, it’s not easy to measure average timelines for this process across the industry. However, once houses are officially listed on the public market, different trends can start to take shape.

These trends are measured by a metric called DOM, short for ‘Days on Market’. Agents and other industry professionals follow DOM trends to get a sense of how buyers are responding to current market conditions.

Although DOM can be a helpful point of comparison, it shouldn’t be used as a black and white estimate for your personal results. At the end of the day, every seller and every house is unique. You’ll want to focus your efforts on doing everything you can to optimize your sale rather than relying on the numbers.

How Long Should Your House Be on the Market Before You Reduce Your Asking Price?

Simply getting your house freshened up and on the market can take a lot of effort! But that doesn’t mean your home sale goes on autopilot once it’s listed.

As a seller, you’ll want to pay attention to how buyers are discovering and perceiving your home. Buyers can directly or indirectly offer feedback about your home that may inform any adjustments that you need to make to your selling strategy.

Your real estate agent will offer specific guidance on when you should (and shouldn’t) adjust your home’s asking price. However, as a general rule, if your house has been on the market for a few weeks and garnered little interest from buyers, it’s worth revisiting your pricing strategy.

Hoping to sell your house for a great price? Explore these related blogs for more advice!

• How to Choose a Realtor
• Will I Be Able to Sell My Home For The Full Asking Price?
• Why You Need to Price Your Home Strategically

Sell Your Home With Lino Arci

Selling your house can come with a lot of anxieties. One of the most common worries we hear from home sellers is “What if my house takes too long to sell?” Or, “What if my house doesn’t sell at all?” That’s why we’ve created a unique solution to eliminate anxiety altogether.

Put simply, the Lino Arci Team guarantees that we’ll sell your house.

If your home doesn’t sell (regardless of the reason), our team will buy it from you! You may have heard of similar commitments from other real estate teams, but these claims often come with hidden loopholes. Not us, when we say guaranteed, we mean it!

Not only do we guarantee to sell your home, but we also promise to get you 100% of your asking price. You heard that right! We’ll sell your house for the full asking price – and if we can’t, we’ll pay you the difference!

We get it, selling your house can feel stressful. Our guarantees are designed to eliminate that stress by ensuring you a great result, no matter what the market throws your way.

Selling your house? We’re here to help. Call us at 416-571-2724 or email info@arciteam.com to get started.