Help Selling My House
Selling your home is never an easy task. You might be sat there wondering why won't my house sell? We've had a deep dive into the topic below and provided some advice.
The annual rate for the house pricing growth in the UK was recorded at under 1% in May 2019. This was the sixth month in a row that saw the growth rate under 1%, meaning that the market has been ever so slowly growing. Although, the number of approved house repayments in 2019 have remained broadly stable.
With your property, you may have come to a standstill, or you may be unsure about why your house isn’t selling. If this is the case, then there are a few factors you could consider to try find your potential buyer.
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To most buyers and sellers, the biggest unknown and unanswered question is, “how long will it take to sell my home?”. To an extent, the answer to the question is how long is a piece of string? Some properties sell within the first week of being on the market, others can take up to six months. The government believes that the process from start to finish will take around two to three months, however they also state that being part of a chain can make the process longer.
Although, there are other factors to making your house sell quicker. Recently, Zoopla conducted research into the slowest and quickest moving house markets within England and Wales. From the research they revealed the five slowest and fastest moving markets based on the average number of days it took for an offer to be secured on a property. They also analysed the average house price for these particular areas.
The fastest moving towns and cities in England and Wales:
Town/City | Average number of days to secure an offer | Average house price |
---|---|---|
1. Cardiff | 37 | £255,528 |
2. Coventry | 37 | £215,909 |
3. Newport (S. Wales) | 40 | £187,842 |
4. Nottingham | 41 | £207,456 |
5. Birmingham | 41 | £207,474 |
The slowest moving towns and cities in England and Wales:
Town/City | Average number of days to secure an offer | Average house price |
---|---|---|
1. Blackpool | 71 | £122,306 |
2. London | 70 | £659,660 |
3. Newcastle-upon-Tyne | 68 | £209,693 |
4. Hemel Hempstead | 65 | £392,879 |
5. Bradford | 64 | £135,798 |
Source: Zoopla - Correct as of May 2019
The Advisory also created their own research around what factors make the most impact on why a house may not be selling fast. The top reason for a house taking longer to sell was the guide price asked. Apparently, asking for a similar price to current properties on the market can have the biggest impact on the length of time it takes to sell your home. However, this is a factor that you can change, even though over priced properties get viewings, they rarely find a buyer. Ask less than the competition and you will generate immediate interest.
Another factor within the top three of impacts on why your property may not be selling, was the quality of your solicitor. Solicitors can be overworked, and choosing one on the basis of the price range isn’t always the best. You need to make sure that you research into the correct solicitor who will benefit your house sale.
Some houses stay on the market longer than others, but why? Well, there are a few reasons:
Often if you're struggling to sell your home one of the main reasons could be the condition of the property. Condition is a big factor when it comes to buying your home, but is it worth fixing the issues or should you just try to sell it as is? We've highlighted a few common condition issues and offered some advice on what you should do:
If you want to boost your property’s chance of selling quickly, why not follow some of these tips:
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There are different avenues you can take if your property isn’t selling:
Can’t sell your house and want to sell it quickly? Here at The Property Buying Company, we can buy your property in as little as 2-3 weeks. No matter the property, condition or the location. Within the process of you selling your home to us, we will cover all the costs, complete the sale in a timescale that suits you and provide the highest levels of customer service. We have a combined experience of over fifty years of buying properties in England and Wales, there is no doubt you will be in the best hands.
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We’re one of the leading we buy any house UK companies for residential/commercial property and land in England and Wales. We buy using our own cash house buying facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
Your options | Average sale length | Typical cost to you | ||
---|---|---|---|---|
The Property Buying Company | 2-3 weeks | £0.00 | ||
Other House Buying Companies | 2-10 weeks | £1000 | ||
Property Auction | 6-10 weeks | £2500-£5000 | ||
Online Estate Agents | 16-52 weeks | £1000(upfront)-£5000 | ||
Estate Agents | 16-52 weeks | £5000 |
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
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