Steven Bommarito is a prime West Virginia actual property agent who works with over 81% extra single-family properties than the typical agent in his Hampshire County market. His recommendation to sellers contemplating a cash-for-homes firm is to seek the advice of with a neighborhood itemizing agent first.
“House-buying companies are looking to just make a profit and flip your property — they’re not going to give you what your house is fully worth,” he says, including that even in the event you’re in a rush to promote, an skilled native agent should still present a quick sale and get you a better gross sales value.
For some sellers, the velocity and comfort of a money provide could outweigh the decrease proceeds disadvantage, however as Bommarito notes, there’s knowledge in contemplating all of your choices.
Possibility 2: Rent a prime West Virginia actual property agent
In the event you’re trying to promote your home rapidly in West Virginia, hiring a prime actual property agent may very well be a strategic alternative. An skilled agent understands the nuances of the state’s housing market and may help steer you towards a swift and profitable sale.
Let’s check out the present market situations within the state, discover some great benefits of working with an actual property skilled, and uncover easy methods to determine top-performing actual property brokers in your native space.
How briskly are properties promoting in West Virginia?
Two key metrics that assist gauge the velocity and worth of residence gross sales in West Virginia are the median days on market (DOM) — the time it usually takes from itemizing a house to signing a contract — and the median sale value. After a contract is signed, consumers additionally usually want an extra 44 days to shut on their buy mortgage.
The next information tables provide a extra detailed view of DOM and sale value tendencies in West Virginia. These figures may help you anticipate how lengthy it would take to promote your house and what you would possibly anticipate to achieve from the sale. (Supply: HomeLight)
Median DOM tendencies in West Virginia
| Month | Median DOM (2023) | Median DOM (2024) |
| January | 66 | 65 |
| February | 66 | 64 |
| March | 74 | 63 |
| April | 63 | 60 |
| Could | 57 | 65 |
| June | 51 | 62 |
| July | 58 | 71 |
| August | 55 | 63 |
| September | 56 | 61 |
| October | 62 | |
| November | 67 | |
| December | 65 |
Doesn’t embody the everyday 44 days a purchaser wants to shut on a purchase order mortgage.
Median sale value tendencies in West Virginia
| Month | Median Sale Value (2023) | Median Sale Value (2024) |
| January | $138,000 | $198,000 |
| February | $130,000 | $219,450 |
| March | $146,000 | $211,600 |
| April | $138,000 | $227,500 |
| Could | $146,000 | $240,000 |
| June | $158,500 | $237,250 |
| July | $240,000 | |
| August | $229,700 | |
| September | $215,000 | |
| October | $206,250 | |
| November | $209,000 | |
| December | $212,000 |
In 2023, properties have usually stayed in the marketplace for 51 to 74 days. In 2024, the vary is someplace round 60 to 71 days.
“It’s not as hot as the market was during COVID and that hot seller’s market, but it’s still pretty steady,” Bommarito says, including that completely different components of the state can have completely different DOM numbers. In his Hampshire County market, he estimates: “I would say the average days on the market is around 45 to 60 days.”
Advantages of promoting with a prime West Virginia agent
Promoting your house generally is a complicated course of, particularly when it’s essential to do it rapidly. That’s the place a prime actual property agent in West Virginia is available in. They create a wealth of advantages that may expedite the promoting course of, translating right into a quicker, extra environment friendly sale of your house. Listed below are a number of the methods these professionals may help:
