A solicitor will keep you informed throughout the process and will notify you when you are required to sign documentation to avoid delays to your move. Paperwork delays are a common problem in house moving chains and an effective property lawyer will help avoid hold-ups.
Having an idea of how long your property will take to sell is an essential part of deciding when to put it on the market. You may have a target moving date in mind, such as to coincide with the new school year.
Whilst every property sale is different, we’re able to estimate how long you can expect your sale to take using our (huge!) database of past property transactions.
We've assumed you'll need a week to make your decision about which estate agent to use.
In a fortnight - Listing goes live on the portals
It should take around a week to get your listing ready for the portals. You'll need an EPC and the estate agent will need to take photos, create a floorplan and perform anti-money laundering checks.
A while later - Accept an offer
1 bed properties in EC1V are taking many days to go under offer.
A while later - Exchange contracts
The conveyancing process takes many days in this area.
A while later - Sale Completes
We've assumed the sale completes after 28 days.
...you could expect to move home in 400 days (around 3 months)!
Tricks To Sell Quicker
The first part of selling quickly is to market your property effectively, to attract as many potential buyers as possible:
Set the right price - your property listing gets the most views in the first fortnight, so if you set the wrong price you'll miss out on potential buyers. See how to price your property here.
Make your listing stand-out - ensure the photos of the property look inviting and the description of the property encourages potential buyers to come for a viewing. Talk to your estate agent about getting a promoted listing on the portals (this may cost extra).
Use the right estate agent - the right estate agent will do these first two points for you. They'll know what attracts buyers and they should have a database of people interested in property in the area. See the best agent to sell your house here.
Once you have buyers interested, your choices can influence how quickly the sale progresses:
Favour cash-buyers - waiting for a buyer to get a mortgage can add a lot of time (and uncertainty). Consider accepting a lower offer from someone able to pay in cash.
Start the legal work early - appoint a conveyancer as soon as possible (ideally before you accept an offer), and have them gather the required paperwork. If you have a leasehold property (most flats), you'll need to get a report from the freeholder. This can take a long time, so the sooner you start the less likely it is to hold things up!