article thumbnail

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). What do days on market mean? Average Days in 2021. Average Days in 2021. Days on Market.

article thumbnail

4 signs a pending home sale will fall through

Real Trends

Before agreeing to a home sale contingency, I recommend considering both broad and regional market dynamics. Being aware of the current Days on Market (DOM) will help you decide on how long to make the selling period. An inexperienced seller might not be preferred for what a title search reveals about their property.

Sales 60
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 of the Top We Buy Houses for Cash Companies in Alabama

HomeLight

The company uses its own cash to purchase homes, no banks are involved. In Alabama, it typically takes around 103 days to sell a home on the market using an agent. That includes an average of 49 days on market, plus the typical 54 days a buyer needs to close on a purchase loan. Title search.

article thumbnail

13 Legit We Buy Houses for Cash Companies in Texas That Sellers Love

HomeLight

In Texas, it typically takes around 86 days — nearly three months — to sell a home on the market using an agent. That includes an average of 32 days on market , plus the typical 54 days a buyer needs to close on a purchase loan. Source: (Clay Banks / Unsplash). Title search. BBB rating: A.

article thumbnail

How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Source: (Clay Banks / Unsplash). Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. Depending on other factors such as your location, your home’s condition, and current market conditions, that estimate can run up to 10%. Seller concession.

article thumbnail

131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

Chain of title is an historical record of previous owners of a property that’s essential in establishing the legal ownership of the property. An established chain of title helps protect the buyer from future challenges to ownership. A title search helps create that chain and is usually conducted by a lawyer or title company.