How long does it take to Sell a House in UK?

Asking “how long it takes to sell a house in UK” is a bit like asking how long a piece of string is. Even if you have done your all to make your home as desirable as possible, factors such as location, the economy, the quality of your estate agent and, to an extent, luck will all play a part.

Housing Market Stats

Research conducted last year by Property Market Analyst “Hometrack” shows that in some parts of the country it takes ten weeks or longer to find a buyer, and we've all heard those stories of families having their property on the market for more than a year.

The quickest house sales are typically seen in London at an average of four weeks. East Anglia and Wales also fair well at five weeks, but those in the North West can expect to wait an average of two months before receiving a realistic offer, while in the North East it is even longer at ten weeks. These times do not include conveyancing and mortgage processing times either, so in reality the time taken from the advertising board being put up to handing the keys over is a few weeks longer.

Hometrack's study also highlighted the fact that many people had to lower their initial asking price to attract a buyer. Because demand for property is greater in London, those in the capital only have to lower their price by an average of 1.3%, but in Yorkshire and Humberside and the West Midlands, a discount of 4.3% is common, while in the North West prices typically fall by 4.8%. This means that a seller with a property initially valued at £250,000 in Manchester would have to drop their price by £10,750. 

So how to Sell Your House Fast ?

Do you really wish to wait so long? And do you really want to deal with viewers who are intent on bartering down the price? The answer to both of these questions should be “No”. By selling your home to a Specialist Cash Buyer, you can take the hassle out of the process and get your hands on the money sooner. Selling in such a way is great if you are in a hurry to complete the purchase of your dream home, want to take early retirement as soon as possible, need to pay off debts or need to avoid repossession.

There are no fees for such services and all associated conveyancing fees are paid by the buyer. Naturally, they do not pay the full asking price, but in the majority of cases the offer will be 85 - 95% of the full value. Given the time saved, the fact that regular buyers typically negotiate a lower price, and the money saved in legal and estate agency fees, this is a very good deal. A sale is guaranteed, and the condition and location of the property are often not important.