How long should it take to sell an avergage house without chain

ric1982

Wondering how long (and how many attempts) does it take to sell a house (wihtout chain). Not talking about large mansions, house that requires major works but just an averge house in an area.

Just start from selling house to completion.

anto164

How long is a piece of string?

Depends where, price, time of year etc.

ProDave

I tried for over 2 years, gave up and am now letting it.

hazyjo

ric1982 wrote: »

Wondering how long (and how many attempts) does it take to sell a house (wihtout chain). Not talking about large mansions, house that requires major works but just an averge house in an area.

Do you mean how long does it take to find a buyer, or how long does it take to find a buyer and reach completion, or how long from offer to completion?

ric1982

hazyjo wrote: »

Do you mean how long does it take to find a buyer, or how long does it take to find a buyer and reach completion, or how long from offer to completion?

Updated question.

AdrianC

The only one of the three that's even remotely possible to answer is "offer to completion". Wet finger in the air - three months. It might be quicker, if everything lines up. It might be slower, if something goes a bit awry.

You might get an offer on the first day on the market, you might not get an offer for months or years. It all depends on the demand for your type of property in your location, and on your attitude to realistic pricing.

hazyjo

Took around 3 months to sell mine and I expected it to sell within a fortnight. You never know what the market's going to do, or who's looking for your type of property.


Agree 3 months is average, but that's from offer to completion. I've done that in 5 weeks before, and another took 5 months.


Also, around 1 in 3 falls through. Sometimes the chain stays together, sometimes not. I've had 2 take around a year or so from looking to actually completing (lost a couple of houses along the way).


The first post was correct with 'how long is a piece of string...'.

3mph

Usually completed in an average amount of time

Crashy_Time

ProDave wrote: »

I tried for over 2 years, gave up and am now letting it.

Did you drop the price?

ReadingTim

ProDave wrote: »

I tried for over 2 years, gave up and am now letting it.

Are you charging your tenants more than your mortgage repayments?

ProDave

Crashy_Time wrote: »

Did you drop the price?

I discussed it at the time. We are in an area where demand is low (for various political reasons), I refused to drop the price of the old 5 bedroom house to the point where it would cost us more to build the replacement 3 bedroom house. i.e I am not paying to downsize.

No mortgage, so the rental income is now funding the completion of the new build. After a few years rental income, I could then afford to drop the price as the rental income is in effect "releasing" money from the old house.