Selling your home has two phases: the marketing, and then the period from when you accept an offer to the sale completing.
Timings can vary hugely and is dependent on a lot of different factors, including:
In short, there are a lot of elements involved, and the more people there are in the chain – that’s the number of related sales/purchases that all need to go through in order for your sale to successfully complete – the longer the process is likely to take.
On the other hand, if there is no chain at all – for example, if you’re selling to a first-time buyer and you’re happy to move out into a rented property – you could sell in just a couple of months. But this is rare and many transactions do have a chain.
What can I do to speed up my sale?
The more prepared you are ahead of accepting an offer, the quicker the process is likely to be. Of course, you don’t have any control over the other parties in the chain, but if you can ensure that you have everything in place and that you respond right away to any enquiries, that will help move things along.
The first thing to do is choose a reputable local agent who is a member of Propertymark or RICS that has a track record of successfully selling your type of home. That means one that is good at not only finding a buyer and negotiating a sale but also progressing the sale to completion.
Then, before your home goes on the market:
Once it’s on the market:
Once the sale is agreed:
If you have a related purchase underway, it’s worth deciding at the start of the process what you would do if it fell through. Would you be willing to move out into rented accommodation to preserve your own sale? Although that would be more upheaval for you, you would then be chain-free and in a very good position to make offers when you found a new home.
And one final tip…If you are older and perhaps not thinking about moving now, but you’re aware you or your children may need to sell the property in the future, work on putting together a file of all the property information so it’s ready when needed. Most people have a will that plans for their finances and health – getting your property admin in order is just another sensible bit of planning.
Whether you’re selling or buying, we’re here to make sure you have a successful home move. So, wherever you are in the process, if you’d like any help or advice, or you’re looking for a sales valuation, get in touch with your local branch.
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