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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. In this scenario, sellers have the upper hand in negotiations.

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What to Know About Selling a House in New York State

HomeLight

Repair, renovation, and staging costs: These will vary widely based on the condition of the property. Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs.

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How to Sell a House By Owner in Wisconsin: A Badger State FSBO Guide

HomeLight

Marketing your home is time-consuming. Not having agent representation could also lead to paying more in seller concessions. Stage the home with final touches like fresh-cut flowers or a basket of fresh produce. In Wisconsin’s shifting market, “Condition is really going to drive days on market ,” Labus says.

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How to Sell a House By Owner in Pennsylvania: A Keystone State FSBO Guide

HomeLight

With an average of 59 days on market, she sells properties 51% faster than the average agent. Forrester says Pennsylvania FSBO sellers she encounters typically choose that route “because they want to save money and they think that by not paying commission they’re going to come out ahead.”. Marketing your home is time-consuming.