Jeff Hansen & Arvin Paredes

408-657-9837

Downtown San Jose Condo & Townhouse Living

The Selling Experience

Interested in some quick stats about the selling experience? Here they are…sold

Home was listed more than 2 months (median:
28 weeks) before opening escrow
• Median escrow length was 1.5 months
• Only 40% of sellers closed escrow on time
• 20% of sellers used electronic signature
  • Home was listed more than 2 months (median: 28 weeks) before opening escrow
  • Median escrow length was 1.5 months
  • Only 40% of sellers closed escrow on time
  • 20% of sellers used electronic signature

A recent survey was done to figure what the top 5 reasons were for a homeowner to sell their home.

  1. 22% of the sellers said they could not afford the mortgage
  2. 13% sold because of job/income uncertainty
  3. 12% sold because of the loss of household income
  4. 7% sold because low home prices allowed upgrade
  5. 7% sold because the mortgage was too expensive

What are your impressions of these statistics? Feel free to leave a comment down below. If you have any questions about the selling process, please don’t hesitate to contact me.

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