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Showing posts from November, 2010

How Long Will It Take?

After figuring out the Fair Market Value of your home --- the next question is usually "How long will this take?" . The answer to that is unknown, but your Realtor can give you their expert opinion based on the average time on the market in your area. I chose three similar areas where I work ---- and the average Days on Market until a contract is accepted is 75 days* (including homes that sold from March 1, 2010 to November 12, 2010). However, there is much that goes into how long it takes for a buyer to make a move on a home. - If the home is overpriced ---- it will most likely sit until the price is dropped. - If the home is not prepared to show to buyers ---- the buyers will lean towards all of the other homes that are for sale in this market. They'll put a new kitchen in if it is outdated, but they will want a "deal" on the purchase price. - Local conditions play a big factor in home selling. If the local economy is adversely affected due to business closi