The sales process with John Shepherd
Selling a Property: A Timeline and Key Considerations
Selling a property typically takes about 24 weeks from the start of marketing to legal completion. However, the duration can vary due to mortgage approval, market conditions, property type, location, and pricing strategy. This guide provides a detailed process breakdown, ensuring clarity and actionable insights for sellers.
Step 1: Listing and Attracting Potential Buyers
On average, it takes approximately 50 days nationwide to accept an offer. This phase involves:
- Listing the Property: High-quality photos, virtual tours, and compelling descriptions can attract attention.
- Conducting Viewings: Scheduling and managing buyer visits.
- Negotiating Offers: Ensuring fair discussions between buyers and sellers.
- Finalising Agreements: Reaching an agreement on the offer.
Effective marketing strategies are essential during this stage to ensure your property stands out and garners interest.
Step 2: Offer Acceptance to Legal Completion
Once an offer is accepted, the next phase typically spans 120 days, covering the legal and financial aspects of the sale. Key steps include:
- Legal Work: Conveyancers or solicitors handle contract exchanges and finalise documentation.
- Completion Process: Usually concluded within one to two weeks.
Choosing an experienced and responsive conveyancer or solicitor is critical for a smooth and efficient transaction.
Step 3: Key Factors Influencing the Selling Timeline
Several factors can impact the duration of the selling process:
Asking Price
Setting the right price is vital. Overpricing may deter buyers, while competitive pricing can attract immediate interest and expedite the sale. Researching comparable properties in your area provides valuable insights into setting an appropriate price.
Market Conditions
The housing market significantly affects selling times:
- Sellers' Market: High demand and low supply can result in quicker sales.
- Buyers' Market: A surplus of properties requires more competitive pricing to attract buyers.
Property Condition
A well-maintained and aesthetically appealing property will attract buyers and sell quickly. Consider:
- Performing necessary repairs.
- Staging the property to enhance its appeal.
- Highlighting unique features.
Solicitor Efficiency
The responsiveness and efficiency of your solicitor can greatly influence the overall timeline. Collaborating with a proactive solicitor who works closely with estate agents ensures fewer delays during the legal process.
Planning Ahead for a Smooth Sale
If you’re considering selling within the next 6–12 months, now is the ideal time to start preparing. While the process may seem complex, proper planning and expert guidance can help you navigate it seamlessly.
How John Shepherd Can Support You
At John Shepherd, we understand the local market dynamics and the factors affecting selling times. Here’s how we assist:
- Competitive Pricing: Our expertise ensures your property is attractively priced, capturing immediate interest.
- Efficient Partnerships: We work closely with responsive solicitors to minimise delays and streamline the process.
- Market Insight: Our knowledge of the housing market helps us navigate varying conditions, from buyer-dominant to seller-favorable markets.
Free Market Appraisal
We offer a no-obligation market appraisal to discuss your selling timeline. Our personalised advice empowers you to make informed decisions and plan your move confidently.
Selling your property can be a rewarding experience with the right approach and expert guidance. Let us help you make your move a reality.