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How Long Does it Take to Sell a House in the UK?

hour glass filled with red sand

Choosing to sell a house can be for many reasons and the situations that lead people to that point are very varied. But there are a few things that are the same no matter why you are selling your home and they are the common questions everyone asks.

  • How long will my house take to sell?
  • When is the best time to sell a house?
  • How long will my house be on the market?
  • Is there a faster way to sell my house?
  • Will I get the market value for my house?

These questions are common across nearly all house sales and for good reason. No one wants to spend the next 2 years showing people around their house hoping that each time will be the time they get the offer they want. At the same time everyone wants to know when the best time to sell is so they can get the very best offer possible.

The big question is undoubtedly “how long will my house take to sell?” though. The bottom line here is that there is no definitive answer. It depends on a number of factors; some of which you can control and some you cannot. Below are some of the factors involved in the time it takes to sell a home in the UK:

  • Areas – in some areas the demand for property is higher than others and this has a huge effect on the speed of a sale.
  • Condition – if the house is in good condition then it is likely to generate offers faster and after the surveys it should still sell well.
  • Price – an obvious point but if you put your house on for a price you think it’s worth without doing your research you may be waiting a long time.

Average Property Sale Times in the UK

According to research done in 2016 the average time it takes to sell a home in the UK is 91 days. The research was done by Post Office Money Mortgages. Although an average time was found it also showed the location had a huge effect on the speed a property sells.

One of the areas that has the lowest average house sale time is Bristol with just 51 days, Edinburgh is close with 53 days. Popular areas like Brighton saw an average of 71 days with London coming in at the lower end of the spectrum with 89 days. Liverpool sat at the bottom of the table with an average time of 108 days to sell a property. While average property prices in the areas differ there was no clear pattern between average price and speed of sale.

City Avg. Time to Sell (90 days to 15/09/16) Median time on the market, % change YOY (09/16) Avg. House Price, June 2016
Bristol 51 +17.5% £252,107
Edinburgh 53 -25% £240,978
Glasgow 56 -24.1% £117,795
Southend 65 0% £249,141
Portsmouth 67 -4.5% £190,579
Derby 69 -1.3% £144,543
Sheffield 71 +2.5% £148,551
Brighton 72 +23.6% £342,959
Norwich 72 +3.1% £190,883
Nottingham 74 -12.8% £122,772
Manchester 77 -22.7% £149,722
Leicester 79 -5.6% £147,914
Stoke-on-Trent 79 +1.2% £102,877
Leeds 80 -5% £166,303
Birmingham 80 -15.5% £159,732
Plymouth 80 +7.9% £165,442
Cardiff 87 -3.4% £189,419
London 89 +20.3% £472,204
Newcastle 96 -0.9% £154,477
Belfast 96 +3.9% £118,894
Hull 98 -12% £102,079
Swansea 100 -8.7% £133,458
Liverpool 108 -10.7% £119,933

 

The Answer?

Well there is no clear answer for your area but nationally 91 days is the average from 2016. Of course 2018 may well show very different stats but it is likely to follow a similar pattern.

Time

If time is the main factor in the sale of the house then using a home buying service like ours offers the perfect solution. We are able to remove the whole issue of how long it will take to sell by agreeing to buy it from you right away. This leaves you with the money you need to move forward be it with another purchase or moving into rented accommodation and the flexibility that affords.

If you would like to discuss your property with us then please get in touch today, our friendly team will be happy to talk you through the process and take away the worry about how long it will take your home to sell.

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5 top tips to get your home sold quickly

house with sold labelAre you in a situation where you need to sell your home quickly? Property sales are notoriously unpredictable and sometimes it can takes weeks and months for the right buyer to come along. If you are in a hurry to sell your property fast, for whatever reason, you may not have the luxury of playing the long game.

Luckily, there are tried and trusted ways that you can speed up the process of selling your house sensibly and intelligently. We’ve put together our 5 top tips to help you to realise a quick sale, enabling you to move on with your life without undue delay.

  1. Set the right price

If you want a quick sale, you need to price your property competitively, it’s as simple as that. Too low and you’re selling yourself short, too high and the punters won’t be biting. Establishing the true market value of a property is a job for professionals with plenty of experience in the local market.

Ask a local estate agent, surveyor or other property expert for their professional opinion – and get a second or even third opinion to arrive at the right figure for your home. Don’t forget to tell them that you are looking to sell quickly. The property needs to be ‘priced to sell’ – meaning that you are prepared to accept a slightly lower price in return for achieving a quick sale.

  1. Maximise kerb appeal

download (3)You know what they say: You never get a second change to make a first impression. Make sure your property is presented in the best possible way so that a potential buyer will want to come inside and see more. It all starts with the front of the house, the drive, the front garden, your front door. Does it look inviting or is in need of some TLC? Take a good look, or better still, ask a friend to give you honest feedback.

Tidy up the front, pressure wash the drive, fix the fence, mow the lawn, give your front door a new lick of paint if necessary, and add some fresh planting or hanging baskets. Don’t put off all those little jobs – they may well make all the difference between a yes and a no for anyone coming to view your property. A well-kept exterior is key to achieving a quick sale.

  1. Declutter and depersonalise

Once your potential buyer has made it through the front door, you want to keep up the good work. Make sure there’s nothing distracting or off-putting in your house – a clean, welcoming blank canvas that any buyer can visually paint their own dreams into is your goal. A show home, if you like.

Finish any DIY jobs and decorations. Put away quirky art collections, knick-knacks and everyday clutter, so that your visitors can really appreciate the space. Take down family photos and replace them with neutral artwork. Tone down vibrant colour schemes and create a calm, friendly space that allows potential buyers to visualise their own family and lifestyle in the property. Make it easy for them!

  1. Dress the house

If you want to sell your home quickly, you need the first viewing to make a real impact, and that’s where the right ambience can make all the difference.

BMVThe aim of the game here is to create a peaceful, harmonious atmosphere. First, find a temporary home for your pets and small children if a viewing is imminent – they may not be everyone’s cup of tea.

Then, make the viewing a pleasant experience that appeals to all the senses. Fresh flowers, just baked bread, the breeze of a warm summer’s day, soft music in the background, scented candles or mood lighting…it may be clichéd but it works! If you have a woodburner, why not show it off? Some people find the smell of bacon sizzling irresistible. Others are seduced by the delicate scent of lavender, or fresh linen. See what works for you.

  1. Get professional assistance

It is of course possible to go it alone, but selling houses can be a tricky business best left to professionals. Particularly if you are in a rush to sell your home, it is wise to enlist the help of a property expert to make sure everything happens as it should. Estate agents can be invaluable and well worth their commission – but even they may not fully appreciate the full sense of urgency.

Barry Home Buyers are different: we specialise in fast property sales. We will work with your particular situation and buy your property quickly, whatever your reason for sale and whatever the condition of your home. In fact, we guarantee to make you a genuine offer on your home and complete the transaction as quickly as possible, solving your property problem with maximum speed and professionalism. Contact us today on 01446 349 001 to find out how we can help to sell your home quickly.

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The Benefits of a Quick Property Sale in Barry

For most of us buying and selling a house is the biggest property transaction we\’ll ever make in our lives. That\’s a pretty scary thought – especially when you\’re on the cusp of making a decision either way.

But the process of a Quick property Sale isn\’t cut and dried – to the extent there are no hard and fast rules to follow. There are as many individual reasons for selling as there are online estate agents.

For instance, when it comes to selling you have to take such issues as time frames into account, as well as financial aspects and, of course, whether there are other personal interests at stake in the investment too.

HouseQuestionMark

As a company which buys properties outright, our team has encountered just about every reason there is for a house owner looking to sell their property quickly and without any fuss. Here are some of the main ones:

Reasons to seek out a quick property sale

New job. Whether moving half way across the country or setting out for a new life abroad, your new life won\’t really start until you get settled in your new location. And this usually means buying a house and making it your own. In order to do this selling your current home is a necessity. But it\’s not just for financial reasons that you may be keen to rid of your existing home. Often it’s only once their home is sold that individuals feel they can finally shrug off their old existence and move on with their new life.

Divorce or separation. It\’s a sad fact of modern life that couples split more often today than they did in our parents or grandparents generation. Messy divorces often involve financial settlements and that\’s where a quick sale often comes in. Not only does this make legal proceedings clearer, but once the marital home is sold it’s only then the parties feel they can finally put a line under their relationship and move on.

Financial difficulties. The recent recession with all the job cuts it entailed resulted in thousands of individuals having to sell their homes quickly – thanks to mounting financial debts. In many cases people found it was better to cut their losses than continue to build up increasing debt. As a result many were willing to sell their property for below market value. This way it would free up financial capital and, at the same time, guarantee a quick sale. In addition there would be no estate agencies fees to worry about.

Avoidance of a property chain. We\’ve all seen those endless repeats of Location, Location, Location and other tv property shows where the deal on a couples dream home falls through simply because another family in the property chain were let down at the last minute. Property chains are notorious for collapsing like this and, as a result, most vendors prefer to sell to someone who isn\’t tied to a chain (even if it means reducing their price a little). It makes sense for someone who has fallen in love with a property to sell their own quickly and below market value. This will ensure they are a much more appealing sales prospect to the vendors and far likely to clinch the deal.

If you\’re looking to sell your home quickly then do get in touch with us here at barryhomebuyers.co.uk for a no-obligation chat. We\’d be happy to explain a number of options and help guide you through the property private sales process

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Warnings – When You Sell Your House

house with sold label

Warnings for you

There are a few companies within this industry, like others, who do not always act in the best interests of their customers. We would like to highlight some key points that you should look for.

Cash for your Home Buyers

There are a large number of companies out there that will make an offer or profess to be a cash buyer but in fact are just middle men or agents that will look to sell your details on. It is important to make sure that you are dealing with a genuine cash buyer who is in a position to complete the transaction of your property quickly. Feel free to ask for proof of properties that they have purchased recently from other customers.

No fees or charges

Some companies in our industry aim to make money on fees. If a company is asking for any upfront costs, including survey or valuations fees, then be wary. If they are a genuine cash buyer of property then they will not expect you to pay any money out.
Check for fees ahead of time.

Broken promises

Beware of any company claiming to offer up to 100% of the market value of your property. As with any business they would be looking to be profitable in some way – this simply wouldn\’t be possible if they were paying full market price for properties.

What about Barry Home Buyers – what can we offer you?

We offer you the peace of mind that you are selling to a genuine cash buyer with a proven track record in purchasing properties.

We do not profess to give you full marketing price for your property, neither do we claim to pay a fixed percentage as every property is different, but we are  able to purchase  your property quickly and without all of the hassle you would normally find in selling your home.

Barry Home Buyers provide everything in writing for you and we can clarify anything that we have said in further detail.

You deserve our service

You deserve a fair price and a rapid transaction. Watch out for undue haste in making an offer, or a surprisingly attractive price based on limited knowledge of your situation and property.

Here at Barry  Home Buyers we use RISC\’s evaluation of a property – basically, this is who your bank will most likely use to determine the real value of your house.

 

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Sell Your Home Quick in Barry

us must sell board

There are many reasons why someone would choose to sell their property quickly in Barry and opt to use a ‘quick house sale’ company include wanting access to ready cash or to sell an inherited property.

The beauty about using such a firm for a quick house sale is that the entire process can be completed within a week.

Obviously, the firm buying the property will be doing so at a discount and not at the full market rate but that\’s a small price to pay for the convenience and promptness of the transaction.

As the leading quick house buying company in Barry, this is a sometimes controversial and emotional subject for many people and the situation has not been helped by disreputable companies taking advantage of people looking to sell their home quickly.

That’s why we are proud to be an honest and transparent company who make genuine offers to buy a home quickly that are realistic.

You won’t find Barry Home Buyers trying to pull off that well-publicised trick of offering a decent amount to buy a home quickly and then vastly reducing it at the last minute, often leaving a homeowner with little or no opportunity to decline.  Not only do we disapprove of such tactics we would be embarrassed to be accused of doing the same thing ourselves.

We are happy for people to question us about our processes and offers; we have nothing to hide and would welcome a conversation with anyone interested in looking to sell their house quickly.

Indeed, we appreciate that many people are looking to sell their home as quickly as possible because they may be in some sort of financial trouble and are looking to clear their debts.

However, one of the most common reasons for selling a home quickly is to avoid repossession and here at Barry Home Buyers we can move quickly to buy a property up to 24-hours of a repossession taking place.

Other clients may be selling their property quickly because they have to move for a new job or emigrate for some reason, or they may need to move for health or age reasons.

Another reason why people decide to sell property quickly without using an estate agent is because their relationship has broken down or they are looking to divorce.

Avoid repossession of your home with a quick sale.

Essentially, using a firm for a quick house sale is growing in popularity and it\’s also another potentially profitable route for selling without using the traditional estate agency route.

With us, the fees that we charge are always clearly defined and we will never make a false property valuation in a bid to get a client to sign a quick house sale deal with us.

For anyone thinking of selling their property quickly we would encourage you to seek independent advice when using a firm for quick house sales before committing to a deal.

Remember too to get everything in writing to ensure your quick house sale transaction goes without a hitch.

Above all, choose a firm that will recognise that this could be an emotional process and that they will be sympathetic and understanding and that firm is Barry Home Buyers.