How long should I be looking at it taking to sell a house? Realistically?

Question

Neat clean and in good shape.

Completely remolded- with new bathrooms... floors... ect.

New windows.

Fair Price in Philadelphia where the market is slow but hasn't dropped like other places.

I know you can't give me an exact- no one has a crystal ball but what your best educated guess.

1-4 months..... 4-8 months... over a year??

How long is it taking people on a average to sell their home on the east coast?

Thanks- I am just trying to do a time line in my head..... and to be prepared for the worst.

Answer 1

Fair Price in this market equates to 9 to 11 months at the best, hard to tell, latest numbers show foreclosures increasing hence more inventory on the market which leads to the declining house values on top the credit crunch has shrunk the number of potential buyers

basic supply and demand and at this point way to much supply and not enough buyers

Answer 2

It really depends on your price.   Price it right and it will be gone in a week.    Any property on the market for months is either very unusual (middle of no where, top .5% of the market) or simply over priced.

Answer 3

depends on the area and the price range.  check the MLS for the sold homes in your area, to figure out the time on market.

Answer 4

Every house has a price that will sell it today.  Always.  I'm not talking about $1.    There is a price and you need to find it.  That doesn't mean you have to accept that price. You just need to know it.  Keep lowering your price until you get offers. If you don't like the offers, you can raise the price and wait for 4 weeks or 4 years but you will know what it is worth today.