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Appropriate time from offer to moving...

tea-bag
tea-bag Posts: 548 Forumite
500 Posts
edited 27 January 2015 at 10:53AM in House buying, renting & selling
As title says I know there is sooooooo many variables but I am aiming for the 6 week summer holidays. So when should I put my house on the market? I live in a fast moving area in Berkshire

Title is approx dam auto correct.

Comments

  • hazyjo
    hazyjo Posts: 15,475 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    12 weeks average from offer to completion. I had one take 5 weeks, another 5 months. How long is that piece of string lol.


    Depends if a sale falls through (believe 1 in 3 still do). And if anyone has hols booked. How long the chain is. Whether everyone in it has found properties - ie is the chain actually complete. No guarantee you'll price your house correctly and that it will even sell. If all goes to plan and you get an offer in a week and you're aiming for early August, I'd go with May. However - be prepared to miss that deadline!


    Jx
    2024 wins: *must start comping again!*
  • rosie383
    rosie383 Posts: 4,981 Forumite
    As Hazyjo says.
    We aimed to move in the summer hols last year. Went on the market in May. All was well until both our sale and purchase fell through. Then we hoped for autumn half term. Then Christmas hols. We still haven't moved and are now hoping for half term again and praying that it won't drag on until Easter.
    I still think May is a good start though.
    Father Ted: Now concentrate this time, Dougal. These
    (he points to some plastic cows on the table) are very small; those (pointing at some cows out of the window) are far away...
    :D:D:D
  • tea-bag
    tea-bag Posts: 548 Forumite
    500 Posts
    Thanks that is where I am at I don't want to be too early as my daughter has GCSE's but I don't want to be too late I was thinking April time.
  • Jhoney_2
    Jhoney_2 Posts: 1,198 Forumite
    edited 27 January 2015 at 1:18PM
    I have the same dilemma and was thinking April to allow all the searches etc to drag on. Also, it would be a reasonable justification at exchange to request a summer completion date.

    I am also going to feel things out with my '2nd' viewers and keep my solicitor and OEA in the loop on my preferred dates.
  • missma
    missma Posts: 406 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    We sale agreed start November and were due to move Friday 30th january. We have now fell through for 4th time. This is second time we will be out solicitor fees, as once in December 2013 and now, it had got almost to completing
  • I guess we've been pretty lucky as our last three sales - including the sale of my parents' house when they went into a nursing home in 2012 - have been fairly quick.

    1) House went on market end of Feb 2011.
    Accepted an offer within two weeks.
    Completed third week in May.

    Background - Very slow-moving market where it is not unknown for higher value properties such as this to linger on market for two years plus.
    House not typical for area (large, restored, character detached in a sea of small bungalows) with demographic of retirees.

    2) House went on market end of July 2012.
    Accepted an offer at beginning of October.
    Completed early December.

    Background - Reasonably fast-moving market as area popular with families looking to upsize.
    House (1920s semi) sound structurally but in need of some updating as parents had owned for thirty-odd years.

    3) House went on market beginning of September 2014.
    Accepted an offer early October.
    Completed mid December.

    Background - Slow-moving market where houses in the mid-price range (as this was) can typically take twelve months to sell.
    Character house that had been fully renovated and extended, but asking price was some £100k higher than the ceiling price for road.

    I should add that in all three cases the houses were priced realistically to achieve a relatively quick sale and that constant pressure was applied to solicitors and EAs to keep things moving ;)
    Mortgage-free for fourteen years!

    Over £40,000 mis-sold PPI reclaimed
  • Paully232000
    Paully232000 Posts: 2,108 Forumite
    Summer 2013 we offered on a house in August and moved at the end of October. Had offer on our house in about July 2013 after 1 week on the market.
    This was us selling to FTB, and we bought an empty house, so not anything of a chain really,, and took 3-4 months.
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