How Long will It Take To Sell Your House?

How Long will It Take To Sell Your House?

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House buyers or sellers are often left exasperated by the time it takes to finalise a sale of a house. You can feel lost between conveyancers, estate agents and solicitors. Sometimes buyers wait months for paperwork to be finalised.

But what determines the speed of the house-buying process?

1. Communication

   1. Communication, or the lack thereof can often be the main culprit in the buying or selling process. The ability of agents and solicitors to communicate with each other well will often determine the speed of the sale.

   2. So how do you know if your agent or solicitor are good at this? Luckily there are numerous public spaces where previous or current clients can leave reviews like Google. We’ve found that word-of-mouth is often the best. Be sure to factor this into your decision.

2. Know The Other Party

   1. If and when possible, get as much info on the person your selling to or the person your buying from. Many people withdraw during the sales process and can leave you at a financial disadvantage.

3. Mortgage

   1. The different stages of the process take time, like mortgages. A mortgage approval can take up to eight weeks!

4. The Chain

   1. If your looking to sell your house quickly and move to a new home fast, you should look at ‘no chain’ listings. This means that the occupants of the property you want to buy has already moved out or will do so upon completion of the sale.

   2. If there is a chain, it can be very hard to determine how long a sale will take. Some chains can be as long as 11-12 houses! This means there are probably as many agents and solicitors in the chain who need to sort out paperwork.

 

Our best advice? Learn from those who has walked the road before:

• Learn as much as you can about the person you’re selling to or buying from

• Make sure your solicitors and agents have a good reputation for customer service

• If the mortgage application comes up, make sure you have valid proof of earnings on hand.

The most important thing is to be patient and not lose hope, sometimes things don’t go according to plan.

Cheers now!

Lloyd