Like you, every property is unique, so we’ll just need a few details before we can make you an offer.
One of the most common questions asked by someone looking to sell their property is: how long will it take to sell my house? And it’s a difficult question to answer; often down to the property you’re selling, your asking price, and other outside factors.
There are, however, trends. Here, We Buy Any House explore common timelines for each stage of the house buying and selling process, giving you a better idea of what to expect on your property sale journey.
What’s the average time for a property to sell in the UK?
It generally takes between 2 to 3 months to sell a house through traditional methods in the UK. According to one report, the average home in the UK takes 102 days to sell. This report explored Britain’s 20 biggest cities and examined the average time for sale.
It found that properties sold fastest in Edinburgh and Glasgow, whereas Liverpool and London suffered the longest waits for a property sale to complete.
What will affect how fast my house is sold?
While there are locations that generally see faster house sales, it by no means guarantees your house will sell fast. That’s often down to a number of variables, the most common of which are:
Region - As mentioned above some cities and areas are in higher demand, meaning that your property will be likely to sell quicker if there. On the other hand, if you’re trying to sell a house that’s in a market that’s been slow in previous years, you may find selling an uphill battle.
Local area - If the area is high in crime, has schools with poor ratings, and poor transport links it’ll be difficult to sell.
Your property’s condition - If you want the house to sell quickly the property will need to be in good shape. Evidence of damp or structural issues will often mean a longer time on the market.
Your asking price - We have mentioned it in previous posts and we’ll mention it again: if you’re not open to negotiation on your asking price you may find the property stuck on the market for a long time. Be prepared to lower your price if you’re struggling to sell.
Buyer issues - Remember that there are elements that are outside your control when it comes to selling. If the buyer pulls out or is part of a chain then your sale will fall through, meaning you’re back to square one.
Slow repairs - If there are issues with the property you want to have fixed before you sell be aware that this can add significant time on getting the home to market.
It’s worth taking the time to get your finances in order within plenty of time before applying for a mortgage or making an offer on a house. Check your credit score as early as you can to ensure that there’s going to be nothing stopping you getting a mortgage. You can also discuss an agreement in principle with a mortgage lender. This will give you an idea of how much they’ll be willing to offer.
In between your offer and the sale going through
Once you’ve made an offer and it’s been accepted it doesn’t necessarily mean that the property is yours. There are still some further processes that need to be completed.
The first step after your offer is accepted is to instruct a conveyancer. They will contact the buyers and the seller’s solicitors and help review any relevant legal documents that need checking. You should also make a mortgage application at this stage, the whole process of which can take up to 6 weeks.
The timings beyond this point are out of your control and left to your mortgage lender, conveyancer, the seller, and their solicitor.