Are you thinking about selling your house? If so, you probably have a timeline in mind. You may have already purchased another house, and you may need to move to a new location for work or school. At the same time, you probably don’t want to have two mortgages, so you may want to sell your current house as quickly as possible.
What is the average time to sell a house in Ohio, and is there a way you can get to the closing table a bit faster?
Ohio Is Selling Faster Than the Rest of the Country
First, understand that Ohio is selling faster than the rest of the country. That is because there are a lot of people who are interested in moving to Ohio, so there is more demand for homes in the local area. In the United States, it takes approximately 83 days, on average, for someone to sell a home. In Ohio, the average house is selling in approximately 74 days, which is 9 days faster than the national average.
You need to understand what goes into these numbers as well. This includes the amount of time it takes for someone to get to the closing table after they have accepted an offer. It typically takes about a month for someone to finalize the closing process after they have accepted an offer, so in Ohio, it might take five weeks to get an offer accepted and then another four weeks to finalize the process.
The Average Time to Sell a House Is Going Up
What many people may not realize is that the average time to sell a house is going up. When compared to the same time last year, houses are on the market for longer. Ohio is no exception.
The biggest reason why houses are staying on the market for longer is that interest rates continue to go up, making it harder for buyers to afford a mortgage. When not as many people can afford to purchase a house, there aren’t as many buyers available to purchase houses on the market. Now, sellers have to wait longer to get an offer they like, which means that your house might be on the market for longer as well.
How Can You Shorten the Time to Sell Your Home?
Even though it can be frustrating for your house to be on the market for a longer amount of time, you have options available. There are ways for you to shorten the amount of time it takes for you to sell your house. One of the best ways to do so is to get a cash offer.
If you accept a traditional offer, the lender has a tremendous amount of paperwork to fill out before they can provide the buyer with financing. It might take several weeks for an appraisal and inspection to be completed, and the lender will have to make sure the buyer can afford the loan for which they have applied.
You can get to the closing table in a few days, instead of in a few weeks, if you accept a cash offer. You may even want to reach out to a cash home buyer who can provide you with cash for your house today.
If you want to sell your Ohio home as quickly as possible, rely on We Buy Houses Cincinnati. We would love to help you figure out how much your house is worth.
Get a Cash Offer for Your Ohio Home From We Buy Houses Cincinnati Today
Do you want to get to the closing table as quickly as possible and save money during the process? At We Buy Houses Cincinnati, we can provide you with cash for your home. We have worked hard to streamline our selling process to make sure we get you to the closing table at a time that is convenient for you. We have already helped countless homeowners in the local area sell their houses, and we can provide you with cash for your house as well. Contact us today to speak to our team, and let us show you exactly how much your house is worth!