11709 Seaman Rd, Vancleave, MS 39565
Knowing your home’s best listing date means knowing, among other factors, what type of sale you want and how long it will take to prepare your home for the market.
To know what the best listing date is for your home, there are a few factors you need to take into consideration.
First, you have to decide when you’d like to be out of your house and you’re ready to hand the keys over to the buyer.
From there, estimate how long it will take to close on your home after you’ve accepted an offer. A cash offer can shorten the closing period to as little as seven days. An offer with a conventional loan can mean a closing period of three to four weeks. A government loan offer (VA, USDA, FHA) can take anywhere from four to six weeks to process.
In any case, a good rule of thumb is to plan for the closing to take 30 days from the time you accept an offer. Remember, all the terms in the contract are negotiable—including the closing date.
Do you want a quick sale, an average sale, or a maximum-value sale?
After that, estimate how long your home will be on the market before it’s under contract. To do this, think about what kind of sale you want: a quick sale, an average sale, or a maximum-value sale.
For a quick sale, I recommend that you price your home toward the bottom of the market. The market analysis your agent provides you with should tell you where the bottom is and how long it takes for properties in that range to sell. If you price it correctly in this case, you should have one or several offers within a few days after listing. If a couple of weeks go by and you don’t have any offers, make a price adjustment.
For an average sale, you’ll need to look at the average days on market for comparable properties and plan accordingly. You’ll also want to price it right in the middle of the market or just below that.
If you’re looking to get the most money possible out of your sale, price your home toward the top of the market but not above it. Also, make sure the market is moving upward in your direction—you don’t want to end up chasing it. To get an idea of how long this listing period will last, double the average days on market for comparable properties in your area.
Next, think about how long it will take to prepare your home for the market. It usually takes sellers about two or three times longer than they initially think. If you aim to do a quick sale, it might be a good idea to order a home inspection so the inspector can provide you with a list of everything that needs to be taken care of. You don’t want your deal to fall apart after you’re under contract.
It usually takes us about a week to prepare your listing; we'll get all the marketing, listing photos, and other various tasks situated for a successful home sell.
If you’d like to talk more about listing your home for sale or you have any other real estate questions I can answer, don’t hesitate to reach out to me. I’d be happy to speak with you.