*This is a collaborative post how long it takes to sell a house
Moving house is widely accepted to be one of the most stressful things you can do. Much of the stress comes from the uncertainty involved. Unfortunately, until contracts have been exchanged, the outcome and timescale of your property sale are both unpredictable and uncontrollable.
According to Home.co.uk, properties currently stay on the market for an average of 80 days. There will, of course, be properties that sell much quicker than that, but there will also be properties that struggle to sell and sit on the market for far longer. How long it takes to find a buyer for your property will depend on several factors, such as local supply and demand, price, and property condition.
Once you’ve accepted an offer on your property, it typically takes 3-4 months for the sale to complete. It can take considerably longer if you’re part of a lengthy property chain or in a particularly complex property transaction. If you need to sell your property fast, perhaps you need the money to complete the purchase of a new property, for instance, then looking for cash buyers or a real estate investment company in your area can help speed up the process and release much-needed funds quickly for you.
If you want to improve your chances of attracting a buyer quickly, there are some simple steps you can take.
Choosing the right agent can make a huge difference to your property sale.
A proactive agent will:
Unfortunately, many homeowners don’t receive this level of service, so it’s important to do your research and ask for recommendations from people you trust.
Price is a big factor in attracting interest in your property. Properties that are initially overpriced take an average of 50% longer to sell, so it’s important to price your property competitively from the start.
Your estate agent will be able to advise on asking price, but ensure you make it clear you’re looking for a quick sale and want to price the property accordingly.
Before you put your property on the market, it’s important to ensure it’s looking its best. Address any unfinished DIY tasks, refresh any tired looking décor and give your property a deep clean.
It’s also a great opportunity to have a declutter. A less cluttered house will help prospective buyers picture themselves in the property and allow them to appreciate the space the property offers. It will also save you spending money to move items you no longer want or need.
It can be easy to focus on preparing the inside of your property for sale and neglect your property’s kerb appeal. However, several studies have shown that prospective buyers often make up their minds about a property before even stepping through the front door, so it’s important not to neglect dressing the exterior of your home.
Make sure your front door and windows are sparkling and tidy up any green space at the front of the property. Also, don’t forget to store your bins away, as visible bins have been identified as a major bugbear for house hunters.
If you’re looking for a quick house sale, it’s important that you’re ready to negotiate on price. A property is only really worth what someone is willing to pay for it, so hanging on rigidly to a price suggested by your estate agent could see you pass up on great sale prospects.
If you’re in need of a quick house sale and can’t afford to wait around on the open market, you could also consider other ways to sell. Property auctions and home buying companies can both offer a quicker alternative to selling via an estate agent and are worth considering if you’re in a hurry to sell.