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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. Understanding Real Estate Market Cycles. 8 Stages of Real Estate Market Cycles. Real estate markets are cyclical. Stage 1: The Turn.

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How Fast Can I Sell My House? It Can Take 75 Days or 12

HomeLight

The recent housing market has been hot and competitive due to an extreme lack of inventory. For a seller in a hurry, the shortage of homes means you can anticipate fewer days on market (DOM). This means, using the conventional process, you can generally sell your home in as little as 48-75 days. Average Days in 2021.

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Is Your Realtor Doing a Good Job? Answer These 6 Questions to Find Out

HomeLight

Did they suggest how to improve your home’s appearance to enhance its marketability? If your agent doesn’t offer advice on pre-listing repairs, staging, and light improvements, they’re not doing a good job. Your days on market keep creeping up, exceeding the market average. Source: (Clay Banks / Unsplash).

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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

Every house, every market, and every individual sale will vary in terms of days on market and closing timelines. In fact, 24 days from list to offer is pretty swift, historically speaking. In the current pandemic climate, some closings have dragged on more like 60 days. Your sale could be different.

Closing 120
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Trying to Sell Your House in 7 Days?

HomeLight

With this route, you don’t list your home on the market. You skip the process of staging and showing your home and go straight to requesting an offer. Alongside your offer, you’ll also get an estimation of what you could fetch on the open market with a top real estate agent’s help, so you can decide if the price is to your liking.

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I Need to Sell My House Fast, What Are My Options?

HomeLight

In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021. But in a regular year, your typical days on market could be more like 35-40 days. For that, you can look at days on market data and their transaction history.

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How to Sell Your Chattanooga Home Fast, Like Your EPB Internet

HomeLight

In addition, days on market for homes in Chattanooga were down 20.4% On average, homes are selling in 39 days — but you can beat that with our guide to selling fast. miles along the southern river banks are in high demand. According to the Greater Chattanooga Realtors Association, home prices spiked a massive 14.5%