The primary reason for selling is when the market is thriving. With that being said, there are other reasons for considering selling. For instance, your family has outgrown your home and you're ready to downsize. You're also at a point where you don't want to deal with maintenance and you're emotionally prepared to deal with the selling process.

Location, size and layout, condition, features, and market conditions (supply and demand) all play a role in determining a home's worth.

An agent can perform a Competitive Market Analysis (CMA) to evaluate a home's value.

This answer varies on demand, house qualities, local market conditions, interest rates, among other considerations.

Timelines can be as quickly as a couple of weeks, up to 6 months. Properties usually average between 2-3 months under typical market conditions. The median number of days property listings spend on the market is from list date to closing.

Yes! Before listing a house, a home inspection is a good idea.

A home inspection reveals your home's condition and prospective issues. Always be proactive and consider important repairs and maintenance before selling your home to ensure your house is in good shape and that you won't be startled by future repairs.

From major repairs to staging, preparing a home for sale is essential to selling it. Clutter and personal objects are usually removed first. If you have lots of stuff, you may require a storage facility. Remember that potential buyers want to visualize their belongings in the house, so make it as neutral as possible.

A deep clean, neutralizing decor, removing pet signs, improving curb appeal, and staging the home to highlight its strengths are other measures.

Buyers' markets are opposite sellers' markets. Supply over demand creates a buyer's market, providing buyers a negotiating advantage. More than a 7-month supply indicates a buyer's market and property value decline.

Common buyer's market causes:

-Lots of homes for sale

-Recessionary economy

-High mortgage or interest rates

-Mortgage approval issues or tighter lending constraints

-New home construction overexposure

In a seller's market, inventory is fewer than 5-6 months, hence prices rise. The low availability of properties on the market keeps housing prices rising.

Common seller's market causes:

-Home inventory shortages

-Economic growth and job creation

-Low mortgage or interest rates

-Reduced lending regulations or simpler mortgage financing

-Slower new construction homebuilding

The "Days on Market" is the number of days a property has been listed on the local multiple listing service. It starts the day the home is listed and will accumulate until the seller has accepted an offer and signed a contract.

Knowing the DOM for a home is critical to your negotiating power. Why? Because the number of days a home spends on the market directly affects the price of a home. This information can be used to the buyer’s benefit to negotiate a lower price.

Contingent means that one thing must happen before another. Real estate deals fall through if the seller or buyer don't meet specified standards. Contingencies, or contract “clauses,” safeguard any party from not obtaining funds, an inspection, or a variety of other possible situations that may arise,

Your home's value is estimated by an appraisal. The appraisal is completed by an appraiser who gives the lender or bank confidence that the property is worth a given amount. After the buyer and seller agree on the price, an appraiser performs a home appraisal to make sure the loan is justified and supported by the value of the home.

Title companies conduct title searches to inform buyers and lenders that the seller is the rightful property owner and can sell the property.

Title searches examine the home's history and owner to find liens and easements. A lien is a hold on the property to secure payment for IRS taxes, refinanced mortgages, federal mortgage aid programs, contractor liens, etc. Most of these concerns are resolved when the home sells and the liens are paid off or erased.

Selling your property often yields 90–92% of the sale price, depending on many conditions. Most include 5–6% realtor commissions and 2–4% taxes and fees. If you owe on an old mortgage, that'll be taken out as well.

Your closing agent will disperse monies to all parties on closing day. Your gains are paid by check or wire transfer.