Selling your house can be a large feat. When hiring an agent, the process will likely take much longer than a direct sale, and can also end up costing you more in the long run! Keep reading to see how the time it takes to sell will affect you financially.
While there is no way to determine how long selling your house will actually take when listing your house with a Norman, OK agent, you can plan ahead if you choose to sell directly. In our latest post, we will look at how long selling your house will take and the common things that can cause delays.
If You List with an Agent…
Getting It Ready For The Market
If you decide to list your Norman, Oklahoma house, you will likely need some time to get it ready for the market. You’ll want to clean up, remove personal belongings, make repairs and possibly stage the house for showings.
Finding The Right Agent
Choosing an agent can take some time as well. You aren’t going to want to work with the first agent you meet.
When selling your house, finding the right agent can make all the difference in a successful sale. First, consider the agent’s experience and track record in your local market. Look for an agent who has experience selling homes in your area and has a proven track record of success.
Next, consider the agent’s communication style and availability. Selling a house can be a stressful process, and you want an agent who is responsive to your needs and can communicate effectively throughout the process.
It’s also important to find an agent who has a strong marketing plan. Look for an agent who has a clear strategy for marketing your home, including online listings, professional photography, and other tactics that will attract potential buyers.
Finally, consider the agent’s personality and demeanor. You want an agent who is professional, but also personable and easy to work with. Selling a home can be a long and sometimes frustrating process, and having an agent who is supportive and understanding can make all the difference.
Overall, finding the right agent requires careful consideration and research. Take the time to find an agent who is experienced, communicative, and has a strong marketing plan, and who you feel comfortable working with throughout the selling process.
Hot tip: The agent that says they can get the most for your house is not always the best agent. Be wary of Norman real estate agents just trying to get a listing.
Waiting For A Buyer
Once the house is listed, you are at the mercy of the market. There is no guarantee you will find a buyer right away or that you will get the price you are asking for. Your property could sit on the MLS, only to receive offers lower than you had expected. You never know how long this part of the process will take, which makes planning ahead difficult. Only the market can dictate buying pressure in Norman, OK
The Inspection Process
Once an offer has been made, your buyer’s lender will require an inspection and appraisal. If it doesn’t appraise for what the buyer’s bank is lending, the loan won’t be funded. If there are problems with the property you will need to either make additional repairs or negotiate the price with your buyers. When pricing your home, be sure to prepare for this step. The value of your home can change greatly once it has been inspected. Some sellers even opt to pay for an inspection themselves before putting it on the market. This will ensure that there aren’t any surprises after an offer has been made on your Norman home.
Escrow
The amount of time escrow can take will vary depending on the agreements made between the buyer and the seller. The buyer may ask for repairs before signing off on contingencies and the lenders may take some time to fund the loan. Typically escrow takes four to five weeks+. This is assuming title work is clear and no hangups with the buyer’s funding or other inspections.
Closing
Once the escrow process is complete, the buyer and seller will need to arrange a mutually agreed upon date to sign the paperwork. You will meet at the title company, review all paperwork and finally… sign on the dotted line. Do not agree to a “Kitchen Table” closing. Make sure to use a reputable title company in Norman, OK.
When You Sell Directly to a Cash Home Buyer…
Get An Offer
When you sell directly to Metro Cash Offer, you will get an offer right away. It is then up to you to decide if it is the right choice for you. We understand you might need some time to think. We will never pressure you into a sale. Remember, we pay all closing costs and handle the entire transaction on your Norman home from start to finish. You choose the date you’d like to close or sometimes as fast as 10 days, take what you need from the home, and walk out. No cleaning is necessary.
Sold
If you choose to accept our offer, the closing can take place in a matter of days. With a direct sale to Metro Cash Offer, you will avoid all costs of listing (repairs, commissions, closing costs, etc.) and be able to plan ahead by knowing exactly when the house will close. For many properties in Norman, OK a direct sale is a more timely and more cost-effective solution. You will not need to make repairs or hire an agent in order to sell. Before you decide to list, find out if a direct sale is right for you! There is never any commitment!