Every home seller asks themselves this question at some point: how long will it take my luxury home to sell?
And while market data and trends can help give an estimated range of how long it will take for your Redlands home to sell, the truth is, every home sale is different.
There are, however, some factors that will impact the length of time until closing — addressing them will end in a faster deal.
The Right Pricing
For the most part, it takes longer to sell a luxury home than it does lower-priced ones, which makes sense given the higher prices involved. But when your property is correctly priced from day one, you’ll see more real action in those critical early days.
You must have a real estate agent well-versed in the local market. They are the ones who can advise you on trends and comps that ensure your home is appropriately valued, and competitive on the market.
The Right Marketing
You probably wouldn’t give a multi-million dollar listing to a recent graduate that is new to the area; it is experience with the local market that is a luxury agent’s biggest asset. Again, working with someone who knows the area is a must, as they will know how to reach local buyers where they are.
The Right Photography
An experienced luxury real estate agent will know a photographer that shoots client’s homes in an ideal way for marketing. But if you sabotage that photoshoot by leaving a mess or too much clutter, you’re not going to make the sale move along any faster.
The Right Access
Do you want to do private showings of your luxury home, or are you willing to have open houses? Most luxury homeowners choose the former as homes are too big or too filled with expensive goods requiring security needs that might not be worth it. You may also find a good compromise when your broker holds their own, more private open house.