The graph below illustrates how the number of days on market can influence what value sellers receive for their final sales price.
Looking at Falls Church (zip code 22046), we see that homes listed on the market for under 10 days receive over 100% of original asking price! The magenta line represents properties sold within 10 days of listing it, the red line represents 31-60 days on market, and the blue line is the average days on market overall. When houses are under contract within 10 days of listing sellers receive over 100% of their asking price, and that is so important!
So what part does your Realtor play in the number of days on market?
While there will always be outside influences that play an important role in how long your listing remains on the market, there are many controllable factors your Realtor contributes to! The experience that a professional Realtor adds will secure a strong start as the listing is first released to the public. Staging your home correctly, getting professional photos and videos, and setting an accurate price are key responsibilities that your Realtor will assist with that can affect how many days your property is on the market.
Professionals know what kind of staging, photos and videos will attract buyers quickly. The style and quality of photos and video tours can spark buyers’ attention and staging your furniture and decor will position your home to look open and gorgeous. The best day of the week to post the listing and how to market for an open house are tasks that will make a world of difference and get offers coming in as soon as possible. Your Realtor’s goal to suggest an accurate but pleasing price is a delicate balance but one that will pay off as it can dictate how much traffic your home gets once listed. The more accurately priced, the quicker it will sell and the higher probability you will get over 100% of your asking price.
If you are a seller in the Falls Church area, I’d love to help set you up for success and get you an offer you are pleased with! Let me help stage your home, set a list price, get professional photo and videos done, and watch the offers pour in!