On average, homes in Washington, DC sell after 39 days on the market. The median day trend in the Washington, DC market has been down since last month and has risen slightly since last year. Clever's concierge team can help you compare the best local agents and negotiate better rates. Getting ready to sell your Washington, DC home? Here's a comprehensive guide on how long it takes to sell a home in the nation's capital and some tips on how to speed things up (and still get a good price).
The average time it takes to sell a home in Washington, DC is 78 days, 43 days to receive an offer and an additional 35 days to close. This is approximately 6.0% faster than the national average. A cash homebuyer could deposit money into their bank account in as little as 7 days. The best month to sell a home fast in Washington, DC is March.
Homes listed for sale in March take 35 days, 8 days faster than the annual average. One of the most important factors in selling your home faster and more than you could on your own is hiring an experienced local real estate agent. Agents have access to information that most sellers don't have. When performing a competitive market analysis, they will analyze the data to optimize the price of your ad and its launch to the market.
Partnering with a smart partner agent helps you save money. You get a full-service ad agent for just 1.5% of the sales price, compared to the 3% average. This can save you thousands of dollars and ensure that your sale will help finance your next home or investment. In Washington DC, buyers will be looking for certain features in their new home.
This means you'll need a good heating system and a powerful cooling system. If you haven't checked your heating, ventilation and air conditioning system for a while, it's probably time to do so. Repairing your heating and cooling system might cost a few thousand dollars, but if you don't fix it before your home goes on the market, the buyer could start haggling on the price lower. Once that starts, they will pick up various items from your home.
Updating or repairing this system ensures that they'll save money on public services and have one less thing to try to negotiate for. When creating an advertisement for your house, you'll need a lot of great photos. Most people will meet their home for the first time through online photos, not in person. First you need to get them excited about your home with photos.
If you want to make sure your ad stands out, you'll need the help of an experienced local agent who knows why people choose to buy homes in your neighborhood. They'll make sure that your ad stands out and that your house follows the trends of what's happening in your backyard. Clever also negotiates reduced publication rates of 1.5% on your behalf. You'll get guaranteed full service and support from your agent, but you'll pay one-third of the 3% ad fee that most real estate agents charge.
The Bright MLS ad service says the average time on the market for homes that signed a contract last week was 15 days. That's nine days longer than the average sale took a year ago, but it's still considered a fast pace. Importantly, Clever-listed home sellers receive their first qualified offer in an average of 24.1 days*, 19 days faster than the average offer time in Washington D. In-person displays of homes and condominiums on the market by real estate agents fell nearly 24 percent last week, and showings fell 10.3 percent from a year earlier.