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6 July 2015

Aim to put your house on the market by 11 July if you want to move  by Christmas

Aim to put your house on the market by 11 July if you want to move by Christmas

Homeowners should look to put their property on the market by 11 July 2015 if they want to move by Christmas. This is according to data on average selling times from the latest Move with Us Market Review.

 The data reveals that in the current market it takes an average of 83 days in Britain to sell a property from putting it on the market through to accepting an offer. The typical conveyancing transaction in the current market takes 12 weeks, taking the time to move from accepting an offer to completion to 167 days.

 

Region

Date to list property for sale to sell by Christmas

Date to list property to complete by Christmas

Average selling time (median)

Wales

6 July

13 April

172

North East

9 July

16 April

169

Scotland

24 July

1 May

154

North West

27 July

4 May

151

Yorkshire and Humber

28 July

5 May

150

West Midlands

24 August

1 June

123

East Midlands

2 September

10 June

114

South West

6 September

14 June

110

East Anglia

3 October

11 July

83

Greater London

15 October

23 July

71

South East

20 October

28 July

66

Britain

3 October

11 July

83

 

 

Simon King, Managing Director of the Move with Us Partner Network commented:“Although it seems ridiculous to be thinking about Christmas, anyone considering selling their home by the end of the year needs to start getting prepared to sell now if they hope to move by the end of 2015, particularly in the slower paced markets like the North East and Wales. Whilst some home owners move more quickly, for most it the final stages of the transaction, from exchange of contracts through to completion take on average 12 weeks. This is often a lot longer than people expect and it’s worth movers factoring in to their timescales.”

 

“While selling property isn’t an exact science, getting your home on the market by the dates we’ve calculated for each region will give home movers a much better chance of selling before Christmasarrives.”

 

To help homeowners prepare for a sale, Move with Us share their top tips to achieve the best price for their property and secure a quicker sale:

 

·         Pick the right estate agent - Choose an estate agent with agood reputation and track record in your area who will correctly value your home and provide supporting evidence. Look for an accreditation to a quality network and that they’re a member of the National Association of Estate Agents (NAEA)

·         Get legally prepared - Make sure that all your legal documentation is ready early on in the process. You can start by ordering your legally required Energy Performance Certificate (EPC) without delay to speed up the sale

·         Opt for an online conveyancing service –Home owners can save time by using a secure, online conveyancing service such as Navigator. These systems speed up transaction times by cutting traditional mail out of the process

·         Don’t forget kerb appeal - Ensure your home has kerb appeal by tidying any outside areas as this is the first part of your property that potential buyers will see

·         First impressions count - Make sure that your home is as visually attractive as possible.        De-clutter to allow potential buyers to see your home to its full potential

·         Scarper for viewings – Research shows 60% of buyers prefer it if the owner isn’t present during a viewing. This helps them view it as their own and will feel free to discuss the property openly away from the owner