Hi everyone, this is officially my first ever post on BP. Like the subject says I want to know what is the average duration of time it takes to have a home sold if priced right. And since I live in Las Vegas, would anyone like to share their thoughts in this market?
Also, feel free to share thought on your market as well!
Have you asked your local realtors?
Every variable matters here: the house, the neighborhood, the listing agent, lending rates (obviously in your favor), the price of the house, and more.
There could be many reasons a home sits on the market. But, with no exceptions (assuming the home is being marketed to a realistic pool of buyers,ie MLS) there is nothing price can't fix.
Every property has a price that will compel a buyer to make an offer immediately.
Often when I list my flips, I err on the low- mid range, thus getting tons of showing. I just listed one this week and have 20+ showings in the last couple days. 5 offers and counting - asking for highest and best due in a few days. I feel by doing it this way, the "market" is setting the price....
(SLC,UT under 200k is extremely hot right now)
I agree with Tim W. I tend to follow that same process more times than not.
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you
Join the Largest Real Estate Investing Community
Basic membership is free, forever.