In real estate, nearly every realtor promises they can sell homes fast. But what’s the fastest a house sale can go through? The short answer is that in the best-case scenario, the fastest a real estate deal can close is about seven to 14 days. However, this would require several ideal circumstances to align.
In this post, our team at Your Home Sold Guaranteed Realty - Phil Aitken Home Team will discuss some of the factors that determine how fast a house can sell, as well as some tips for achieving a quick sale.
- The fastest a house sale can close is anywhere from hours to days with a typical fast close being 7 to 14 days. It requires several factors aligning, like buyer financing and the timing of the appraisal and inspections.
- Sellers looking for the quickest sale should get pre-inspections, price aggressively, prepare paperwork in advance, maintain flexibility for showings and open houses, and consider a cash sale.
- While possible to close in as little as a week, it’s rare. A more realistic fast sale timeline is about 30 to 45 days.
What’s The Fastest a House Sale Can Go Through?
While closing a home sale in as little as one week is possible, it’s important to set realistic expectations.
For most sellers aiming for a swift sale, 30 to 45 days is more of an achievable timeline. This allows more time to address contingencies while still moving briskly. However, how long it takes for a house sale to close depends on several factors.
First, a key part of a quick home sale is working with a home buyer who’s been pre-approved by their lender. A pre-approved buyer means the buyer is less likely to have any last-minute hang-ups or financing problems during the closing process, which speeds up the process for everyone.
It’s also worth noting that in a seller’s market when prices are high and homes are selling fast, buyers will often be more motivated to eliminate contingencies and push for the fastest closing timeline possible.
In addition, whether or not you get a pre-inspection influences the speed of closing. This way, you can be sure the buyer doesn’t uncover any major issues with the home when they do their own home inspection down the line.
Some factors that influence the closing timeline may be out of your control. For example, when the buyer chooses to get a home appraisal and how long the appraisal ends up taking.
6 Tips For a Quick Home Sale
There are several tips that can help you achieve a quick home sale. These include:
- Getting a pre-inspection. Pay for inspections upfront so you can make repairs before listing. This avoids issues popping up later that delay closing.
- Considering a cash sale. Accepting an offer from a cash buyer can speed up the closing process because the buyer doesn’t need to go through the traditional financing process.
- Pricing reasonably, yet competitively. List your home at fair market value or even slightly below to generate quick interest from serious buyers.
- Having relevant paperwork ready in advance. Gather maintenance records, disclosures, HOA documents, and other legal paperwork in advance. Your realtor can tell you the exact documents that are needed.
- Maintaining flexibility. Be open to scheduling showings and open houses on days that work best for buyers. This will make it easier for the largest number of buyers possible to see the home.
- Responding to buyers quickly. Make sure your realtor replies to buyers and their agents as soon as possible to keep the momentum and interest in the home going.
Sell Your House Fast with Your Home Sold Guaranteed Realty - Phil Aitken Home Team
On top of that, we offer unique seller guarantees, such as our Guaranteed Sale Program.