If you're like most El Paso home sellers, you are concerned about how long it will take to complete the sale of your home. You don't want your home to linger on the market or have a drawn out closing. That's why it's imperative to know what impacts the amount of time it takes to sell and how you can speed things up.
On average, it takes 78 days to sell an El Paso home, but listing your home at certain times of the year can decrease how long your home spends on the market.
An experienced real estate agent can provide sellers with an accurate idea of how long it will take their home to sell and use their expert knowledge to help sell on a timeline that suits the seller.
If you've got burning questions about how long it will take to sell your El Paso home, then stay tuned because we've got the answers. Here's everything you need to know about how long it takes to sell a home in El Paso, Texas.
Average Amount of Time it Takes to Sell a House in El Paso
On average, El Paso homes spend about 2 to 3 months on the market, but there's a difference of 29 days between the days on market of the fastest month and the slowest.
According to 2018 data from Redfin, El Paso homes listed in February had the longest median time on market — 97 days. Homes listed in November had the lowest time on market with a median of 68 days.
For context, the El Paso annual average of 78 days on the market is 77% longer than the national average.
However, the amount of time it takes to sell your house in El Paso will depend on your unique circumstances. You should discuss your options with local real estate agent to find your ideal time to sell.
Best Month to Sell in El Paso for Speed
El Paso sellers who want to sell a home quickly should look to list in November when the median amount of time spent on the market was a low 68 days. The median time on market for homes listed in October was close behind at 71 days.
Best Month to Sell in El Paso for Price
Homeowners in El Paso should list in either July or December for the highest sales price. Homes listed in these months ending up closing for a median price of $160,000, which is $10,000 more than January, the month with the lowest median sales price.
What's the fastest way to sell a house in El Paso?
There are numerous ways to sell quickly in El Paso and there's no one-size-fits-all solution. For example, sellers can work with a cash buyer or hiring a real estate agent. Each option can help sellers get their homes sold quickly.
However, It's important to understand the potential drawbacks of each of these options. You may want to sell quickly, buy you might start singing a different tune when you see offers below your asking price.
Here's a breakdown of the top options for selling your home in El Paso quickly.
iBuyers provide sellers with lightning-fast cash offers on their homes by using a combination of real estate experts and proprietary algorithms. Then sellers can close in as little as a week.
If this seems like the ideal solution for you, think again. Unfortunately, there are no major iBuyers operating out of El Paso as of October 2019.
Cash buyers are an excellent alternative for El Paso home sellers. A cash buyer is an individual investor or company that purchases homes with the intention to fix-and-flip them. These companies allow for quick home sales because there is no need to deal with mortgage financing and they often buy homes that are in need of significant repairs.
One of the biggest drawbacks to working with a cash buyer is that they typically make offers that are significantly less than what the seller could have made on the open market. For sellers who are selling homes that are in a state of disrepair, inherited homes, or don't care about leaving money on the table, cash buyers are a great way to get the home off the market.
Pricing Aggressively with a Top Real Estate Agent
A real estate agent offers homeowners the chance to sell quickly without having to worry about sacrificing profit for convenience and speed. A top agent knows the El Paso market and can price your home to move, turn to their professional network to find serious buyers, and ensure closing goes smoothly.
Plus an agent will handle all the stressful aspects of selling your home. They'll help stage and market your home, handle negotiations with buyers, and keep all the paperwork straight.
5 Tips for Selling a House Fast in El Paso for a Good Price
1. Declutter and Clean Your Home
It's simple: buyers don't want to see a home that still has overwhelming marks of its previous owners, whether those marks are smells or a ton of clutter. Getting your home professionally cleaned and removing personal items and photos all buyers to image what it might be like to live in the home.
2. Make Impactful Repairs
Small repairs can make a big difference. Even if it means setting aside a weekend to paint your home or fix minor patches in the wall, your home will make a better first impression if there are no noticeable issues.
3. Price Your Home Competitively
Pricing your home competitively is one of the best ways to draw in interested buyers, even if your home isn't in the best condition or isn't in a favorable spot. A real estate agent can help you price your El Paso home aggressively.
4. Make Showings a Priority
To get your home sold, buyers need to see it. You'll have to be flexible when it comes to selling and ensure as many interested buyers as possible are viewing your home.
5. Highlight Your Home's Features
Every home has something unique to offer, whether it's a great view, a good location, or breath-taking architecture. Make sure sellers know about the best features of your home by highlighting them in your listing description.
How long does it take to sell a house in El Paso? Key Takeaways
El Paso home sellers should expect a traditional home sale to take at least three months to complete from list to close. Sellers who want to net the largest profit on their home sales should aim to list in July or December and those who want to sell the fastest should sell in November.
The amount of time it takes to sell your El Paso home will depend on a variety of factors. It's important for sellers to do their research and ensure that they are aware of all of the top options to sell quickly in El Paso. An experienced real estate agent will be able to give you an accurate estimate of how long it will take to sell their homes and help you weigh your options.