When looking to sell your home or property, one of the first questions that might come to mind is probably, "How long will it take?"
Sellers have different reasons for selling their properties, but they all share one and that is to make a profit. It is for this reason that there are so many sellers out there eager to sell their listings as soon as possible.
The truth is that there are many factors that can affect how long it will be to sell your home, especially if you are in Kentucky. In Kentucky, the average time to sell your listing is 73 days. If you are fine, you may be able to sell your home faster. However, this is only possible if you keep the following considerations in mind. Make sure to follow these tips if you want to sell your Kentucky home quickly.
1. Local Kentucky Market Conditions
The current state of the real estate market has a direct impact on how long it will be before you sell your Kentucky home. Unfortunately, this is also one of the factors that you have no control over.
What you need to do here is to carefully study the Kentucky real estate market. It has been booming in recent years. After a record year in 2017, the Kentucky real estate market continued to see strong sales activity as Louisville home buyers drove higher home values over the past three years.
How fast you can sell your Kentucky home also depends on when you put it up for sale. You have to know that most people aren't really interested in buying a new home in winter. The weather in the area also plays a role in whether or not your home will sell quickly.
The best month to sell a home in Kentucky is June. June is the month that the Kentucky summer season begins. Assuming all goes well and you put your home up for sale in June, you can sell your home in an average of 29 days.
The worst month to sell a home in Kentucky is January. It takes an average of at least 55 days to sell your home in January as this is the height of the Kentucky winter season and we already know that most people don't really enjoy buying new homes during the winter.
It's pretty obvious. No matter where you are, putting your home up for sale at a very low price will sell it faster than the expensive ones because most people are always looking for an affordable home.
However, that doesn't mean you have to sell your home at a very low price to sell it quickly. You can still sell your expensive home quickly, especially in Kentucky. Establishing a list price for your home is up to you. If you want to maximize your profits from selling a Kentucky home, consider putting it up for sale in June. This is the month when the demand is high so you can sell at an ideal price.
The location of your home, especially in Kentucky, will determine how long the sale will take. If your home is in a desirable Kentucy area and is affordable, you can expect it to sell very quickly.
Unless your home is ridiculously cheap and in a desirable area in Kentucky, you will most likely have a tough time selling a rundown home. Buyers want to find a home that stands on tiptoe. You don't want to spend any more money renovating a house after buying it. So make sure to fix your home before putting it up for sale. You want to show it to your buyers in the best possible condition so that they will be interested in buying it.
Simple home improvement projects like repainting walls, replacing old lighting fixtures, repairing windows and doors, and repairing broken fences are more than enough not to disappoint potential buyers and add to your home value.
In addition to these five factors, hiring a full-time experienced real estate agent can also help sell your Kentucky home quickly. Your real estate agent's experience, skills, knowledge, and marketing tactics can play a huge role in finding a buyer for your home quickly.
The Post How Long Does It Take To Sell A Home In Kentucky? first appeared in Home Business Magazine.