If you are looking to sell your house or property, one of the first questions that might pop into your mind is likely, “How long is it going to take?”.
Sellers have different reasons for selling their properties, but they all share one and that is to earn profit. This is why there are so many sellers eager to get their listings sold as soon as possible.
The truth is that there are many factors which can affect how long it will take for you to sell your house, especially if you’re in Kentucky. In Kentucky, the average time for you to sell your listing is 73 days. If things are going well for you, you might be able to sell your house more quickly. But this is only possible if you take into account the considerations below. Be sure to follow these tips if you want to sell your house quickly in Kentucky.
1. Local Market Conditions in Kentucky
The current state of the real estate market condition will have a direct effect on how long it will take for you to sell your house in Kentucky. Unfortunately, it is also one of the factors that is beyond your control.
What you need to do here is to study the real estate market in Kentucky carefully. For the last couple of years, it’s been booming. After coming off a record-breaking year in 2017, the real estate market in Kentucky has continued to see a strong run of sales activity as Louisville home buyers lead to increased home values over the last three years.
2. Seasons
How quickly you can sell your house in Kentucky also depends on when you are going to put it up for sale. You have to know that most people are not really keen on buying a new home during winter. The weather of the region also plays a role in whether or not your house will sell quickly.
In Kentucky, the best month to sell a house is in June. June is the month when the summer season starts in Kentucky. Assuming that everything goes well and you put your house on sale in June, you can get your house sold as quickly as 29 days on average.
The worst month to sell a house in Kentucky is January. It’ll take at least 55 days on average for you to sell your house in January, since this is the peak of the winter season in Kentucky and we already know that most people don’t really like to buy new homes during winter.
3. Price
This is pretty obvious. No matter where you are, if you put your house on sale at a very low price, it’ll sell faster than the expensive ones, since most people will always go for an affordable home.
But this doesn’t mean that you have to sell your house at a very low price just to have it sold quickly. You can still sell your expensive home quickly, especially in Kentucky. Putting a listing price on your home will depend on you. If you want to maximize your profit when selling a house in Kentucky, you should put it on sale in June. This is the month where the demand is high so you can sell at an ideal price.
4. Location
The location of your house, especially in Kentucky, dictates how long it will take to sell. If your house is located in a highly-sought-after area in Kentucy and is well-priced, then you can expect it to sell very quickly.
5. Condition
Unless your house is ridiculously cheap and is located in a highly-sought-after area in Kentucky, you’ll most likely have a hard time selling a dilapidated home. Buyers like to find a home that is in tiptop shape. They don’t want to spend any more money on renovating a house after buying it. So, be sure to fix your house up before putting it on sale. You want to show it to your buyers in the best condition possible so that they’ll be interested in buying it.
Simple home improvement projects such as repainting walls, replacing old lighting fixtures, repairing windows and doors and fixing broken fences are more than enough to not disappoint potential buyers and to increase your home value.
Final Thoughts
In addition to these five factors, hiring a full-time real estate agent with experience can also help in selling your house quickly in Kentucky. Your real estate agent’s experience, skills, knowledge and marketing tactics can play a huge role in finding a buyer for your house quickly.
