How long does it take to sell a home? Is thirty days reasonable? Will it take ninety days, six months – even a year?

In fact, the “market” determines the time required to attract a buyer. The “market” is simply the buying activity currently occurring in the Fairbanks North Star Borough. It includes factors such as how many families are moving in, current interest rates, number of homes for sale, the local business climate, and the value buyers are placing on available properties.

We can offer a wealth of information and statistics about Fairbanks real estate. For example, an accounting of all sales which have occurred in your neighborhood over the past year. Analyze the time it took to sell each home, the financing that was offered, and the final sale price. Eliminate the longest and shortest sale times, then average the rest.

This calculation yields the time required to sell the “average” home. Offer your home in above average condition, at an asking price below market, and you may expect a shorter sale time. The reverse is also true. Offered in average condition at a price above the market, you may experience an extended sale time or no sale at all.

Gather information on the market, then make an informed pricing decision. An early sale can be the pleasant result!