Selling your home is one of the most stressful financial decisions people make in their lifetime. Waiting for an offer on your home can be a particularly anxious time — especially if it is taking longer than you anticipated. Any advice you can get on selling quickly will make the process better for you.
Unfortunately, there is no magic days on market number. The time it takes to sell a home depends on several different factors. From the month you list to your location, how long your home spends on the market can vary significantly.
Although you can’t know for certain how long it will take to sell your home, you can be sure that an experienced agent will give you a significant advantage when selling in your local market.
If you’re curious to know how long it takes on average to sell a home in Michigan read on to find out the best month for a quicker and more profitable sale.
How Long Does It Take to Sell a House in Michigan?
According to data from Redfin, it takes an average of 29 days to receive an offer on a Michigan home. However, individual areas differ. Detroit houses, for example, spend less time on the market than properties in more rural areas.
And remember, although it takes an average of 29 days to get an offer, it takes around 30 to 40 days more to close. This means that a more accurate timeframe for selling a house in Michigan is actually around 60 or more days.
What’s the Fastest Month to Sell a House in Michigan?
The best month to sell your home in Michigan is June — with an average of 17 days on the market. Summer, in general, is a great time to list. Homes listed in summer averaged 18 days on the market before receiving an accepted offer.
Unsurprisingly, the worst month to sell your home in Michigan is February, with an average of 46 days on market. Michigans harsh winters understandably lead the real estate market to slow in the colder months.
What’s the Most Profitable Month to Sell a Home in Michigan?
In Michigan, the most profitable month to list your home is during the peak summer months, in particular in July, when houses have a median sales price of $185,000. As stated above, in general, the summertime is a more effective time to sell your home when taking into consideration days on the market, as well as the optimal list price.
In contrast, the winter months are the least profitable months to sell a home in Michigan, with February seeing a sales price drop of $30,000 compared to July. Overall, the average sales price of homes during the winter months falls to $163,250.
5 Things You Can Do to Sell Your Michigan Home Faster (and for More)
Price for the Michigan Market
Pricing your house effectively is by far the best way to sell your home faster. Overpriced houses will sit on the market for longer than necessary — regardless of the season.
It is essential to educate yourself on your local market, or better yet work with a professional agent. An experienced real estate agent can accurately assess the value of your home to reflect the market.
Make Important Repairs
If there are features or fixtures in your home that you know will not pass inspection, consider making repairs or replacing them before any potential buyers point them out.
It may be something as minor as repairing a leaky faucet or something significant like replacing your roof. Utilizing the knowledge a professional real estate agent can help you to decide which repairs need doing in order to sell your home.
Ensure Your Home is Presentable
The winter months in Michigan can make it difficult to showcase your landscaping or optimize your curb appeal. From inches of snow to fallen leaves, it can be difficult for potential buyers to see the potential of your home.
Tasks such as sweeping the driveway and clearing out the guttering can go a long way in making buyers feel like they won’t need to invest lots of time maintaining the home.
Similarly, it’s crucial the interior of your home is bright and inviting. A fresh coat of paint on the walls or trim can make your home appear inviting and clean to buyers. First impression count so make sure yours is a good one.
Make it Easy to Show Your Home
In order to attract the most buyers possible, you need to make it easy to show your home. Utilizing a lockbox can make showings easy for other agents and their buyers — especially if they work unconventional hours.
Similarly, ensure that your home is always presentable, this way you won’t be caught off guard by an unexpected showing.
Consider Holding Open Houses
Selling your home is effectively a numbers game; the more people who see your home, the higher the chance of selling it quickly.
If you’re comfortable with allowing your agent to hold open houses, it can be a great way to attract buyers. Not all buyers wish to set up appointments, especially if their schedule can change at a moments notice. Open houses allow buyers to drop by and view your home easily and conveniently.
How to Sell Your Michigan Home Quickly and for Top Dollar!
If you’re thinking about putting your Michigan home on the market and would like it to sell as fast as possible consider teaming up with a local Clever Partner Agent. In 2019, Clever Partner Agents were able to secure offers in an average of just 12 days — for a total sale timeline of around 42 to 52 days.
When you take into account the average 29 days a typical Michigan home spends on the market, working with a Clever Partner Agent is a no-brainer and could significantly reduce the amount of time that your home spends on the market. This can let you focus on more important things and ease the anxious waiting period of receiving an offer.
Work with a Clever Partner Agent and get their full services for less. You’re ensured a seamless sales transaction with the best possible price in the speediest time!