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  • FIRST POST
    • g0009348
    • By g0009348 9th Sep 11, 9:07 PM
    • 58Posts
    • 5Thanks
    g0009348
    Average time to sell a house
    • #1
    • 9th Sep 11, 9:07 PM
    Average time to sell a house 9th Sep 11 at 9:07 PM
    Hi,

    i know its a type of how long is a piece of string but how long should it take to sell a house went its priced to sell.

    i.e house value 170k, put up at 165k, accept anything above 162.5k

    how long to find a buyer?
    how long to complete all paperwork?

    i am moving out of the country so need some sort of framework
Page 1
    • tonycottee
    • By tonycottee 9th Sep 11, 9:11 PM
    • 900 Posts
    • 1,600 Thanks
    tonycottee
    • #2
    • 9th Sep 11, 9:11 PM
    • #2
    • 9th Sep 11, 9:11 PM
    A house valued at £170k and listed at £165k is not priced to sell...
    • Yorkie1
    • By Yorkie1 9th Sep 11, 9:14 PM
    • 10,967 Posts
    • 20,305 Thanks
    Yorkie1
    • #3
    • 9th Sep 11, 9:14 PM
    • #3
    • 9th Sep 11, 9:14 PM
    It's absolutely impossible to say how long it will take to find you a buyer. Some people price their houses so competitively, in an area which has some level of demand, and an offer might be made within a couple of weeks or months. Some people on here are posting that their house has been for sale for many many months without many viewers and/or any offers.

    If you need a quick sale you will need to research how much similar houses to yours have sold for recently and price competitively against that. Buyers will do their homework and see what other places have gone for.

    How long to complete the paperwork will depend on part on the position of your buyer once you've accepted an offer - is there a chain, do they need a mortgage? Local searches can take quite a long time. There might be delays while investigations revealed by the survey (either relating to the house or documents) are concluded. I'd estimate minimum of 2 months, probably nearer 3 for a straightforward transaction.
    • ellives
    • By ellives 9th Sep 11, 9:15 PM
    • 593 Posts
    • 359 Thanks
    ellives
    • #4
    • 9th Sep 11, 9:15 PM
    • #4
    • 9th Sep 11, 9:15 PM
    IMO.....if its really competitively priced and in good order then perhaps a couple of weeks to six weeks?

    If it's not the above, then it may stay on the market unsold for a long long time.

    The pre-Christmas selling period is upon us but wont last more than another6-8 weeks until it slows down.

    Don't wait to price it realistically - do it now. So be sure the 162.5 is truly attractive

    If it is on rightmove - be brave and let us take a look. I did, took the advice and sold it swiftly thereafter.

    Good luck
  • vickyj
    • #5
    • 9th Sep 11, 9:15 PM
    • #5
    • 9th Sep 11, 9:15 PM
    To give you an idea i part exed my house for a new one they gave me £180 000 which was the "to sell" price from 3 agents. The developer marketed it at 180000 but has accepted 169000 for it only 3 weeks later.
    I hope that gives you an idea regarding sales valuations
    The glass is always half full, no exceptions !!
    • Yorkie1
    • By Yorkie1 9th Sep 11, 9:16 PM
    • 10,967 Posts
    • 20,305 Thanks
    Yorkie1
    • #6
    • 9th Sep 11, 9:16 PM
    • #6
    • 9th Sep 11, 9:16 PM
    A house valued at £170k and listed at £165k is not priced to sell...
    Originally posted by tonycottee
    Agree, and looking to achieve £162500 is only a reduction of 1.5% on the asking price. I'd be surprised if you found a buyer who thought that was a good deal for them in what is generally a buyer's market.
  • timmyt
    • #7
    • 9th Sep 11, 9:21 PM
    • #7
    • 9th Sep 11, 9:21 PM
    once you accept an offer, we ensure that our average time is 4-5 weeks. Its about having an actual solicitor acting, who is expereinced to telephone up the chain - like the Agents - and case but also see if they can help/give an opinion.


    true a chain is as quick as it''s slowest link, but one solicitor chasing can help.

    most dont.
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.
  • JingleJangle
    • #8
    • 9th Sep 11, 9:27 PM
    • #8
    • 9th Sep 11, 9:27 PM
    Both my last two sales had offers accepted in days and sales completed within three months. But both were popular style properties (maisonettes and terrace houses) in London. It totally depends where you live.
    • g0009348
    • By g0009348 9th Sep 11, 9:41 PM
    • 58 Posts
    • 5 Thanks
    g0009348
    • #9
    • 9th Sep 11, 9:41 PM
    • #9
    • 9th Sep 11, 9:41 PM
    sorry got that wrong, valued at 179, put up at 165 accept 162.5

    how about just the phase from somebody putting in an offer me accepting it and to exchange? 8 weeks?
    • Thrugelmir
    • By Thrugelmir 9th Sep 11, 9:47 PM
    • 47,832 Posts
    • 39,852 Thanks
    Thrugelmir
    valued at 179, put up at 165 accept 162.5
    Originally posted by g0009348
    Value is £165k.

    Accept the best offer you get in the timescale available.

    Over the years time to sell my property (receive accepted offer) over past 30 years...

    8 months
    2 hours
    Part Exchange
    7 months
    4 months

    There's no reason or logic to when a property sells. Right time, right buyer.
    "A man who wishes to remove a mountain begins by carrying away the smallest stones first."
    • phoebe1989seb
    • By phoebe1989seb 9th Sep 11, 10:45 PM
    • 2,692 Posts
    • 5,764 Thanks
    phoebe1989seb
    Our last sale - three viewings (plus one second viewing), offer made after three days - rejected as they were not in a strong position. Different couple offered after house on market two weeks - accepted.........4% below asking price. Completed within approx 9 weeks of receipt of offer/11 weeks of coming onto market.

    Previous sales have taken - 7 months (2007), 5 months (1997), 24 hours (1992)

    Agree with previous posters, if it's priced correctly and the right buyer is out there, it will sell
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