Ocean Grove is a beautiful coastal region for many residents. However, like many people, your search for a real estate agency in Bellarine, particularly in Ocean Grove, which sells any type of property in the fastest time possible can be intimidating.
While every local real estate agent is knowledgeable and familiar with the buyer’s interest in the Ocean Grove region, it is important to find an agency that takes an ideal time to sell any size and kind of property.
An ideal selling time helps you get the right price on your property when the buyers are most active. But the selling time can vary based on market conditions and other factors. This blog explores the ideal time a real estate agent takes to sell a property.
Factors Affecting the Selling Time for a Property in Ocean Grove
Here are all the factors that influence the time it takes for the real estate agency in Bellarine to sell any type and size of property.
1. Location of the Property:
Ideally, a real estate agent lists your property as soon as you prepare your house completely for sale. Once your property arrives on the listings of your agent’s site, it takes 30-90 days to sell the property.
If the property is near a beach, buyers are more likely to invest in a house if it meets their requirements. Properties in the most sought-after locations are in high demand and pick buyer’s interest.
This is due to the fact that rich localities increase the property’s market value as it is close to various amenities. On the other hand, if your home is in the least known area of Ocean Grove, you might get less offers which ultimately stretches the selling time. It is good to find a reliable real estate agent in Ocean Grove who can market your property in the right way to attract the leads.
2. Market Condition:
The next factor is the market condition. In Ocean Grove, the real estate market can change gears and affect the selling time. If the buyers are more than the available properties for sale, then your property does sell quickly. However, if the properties on sale are higher in numbers than the interested buyers, you should expect a long time to pass over the keys.
A real estate agent is familiar with fluctuating market conditions during specific seasons. For example, the market favors sellers during spring and summer but it does favour buyers in cooler months. That is because warmer months are a fresh start and active period for seeing and shortlisting homes.
In a nutshell, it takes weeks to months for the real estate agent in Ocean Grove to sell a property if the time is ideal for the buyers.
3. Price and Condition of the Property:
Another most vital factor to examine is the price and condition of your property. Normally, real estate agents make efforts to list your property at the right price range. If you are highly pricing your property, it will remain on the listing for too long. And buyers often doubt such properties for their quality, condition, and other restrictions.
For that matter, agents consider other similar sold properties that are of the same size, location, and features to get an idea of ideal pricing. They also understand active or withdrawn listings to have clarity on the prices buyers are expecting for a said property.
It takes around 1-2 months for the real estate agent in Ocean Grove to compare the different properties and help you land a good deal within a few weeks.
4. Marketing of the Property:
Marketing a property depends on the availability of other professionals. A real estate agent networks with professional photographers, signage companies, social media experts, and other real estate marketing professionals. This can take a month of the time to hire, negotiate, and complete the process.
Post then, writing strong online listings and curating offers that buyers find relevant and trustworthy is another consideration .
5. Offer Negotiations:
A real estate agent has vast experience in negotiating the buyer’s offer to help you close the right deal. In this case, offer negotiations can also involve buyer’s requests for inspections and mortgage approval which can add more time to finalise the sale.
It is important for the seller to pre-inspect the home to avoid this step during the closing and speed up the sale.
Final Words
We hope you found this blog useful. Coming to an end, it is clear that the timeline for selling a home can vary depending on all the above factors.
We have guided you through every step and now it is your turn to call or email your nearby real estate agency in Bellarine Peninsula.
