Time To Sell A House


According to new research, many people underestimate the amount of time it takes to sell your house.

48% of respondents felt it would be able to sell your house relatively quickly - within three months.

The reality is different though, according to the national association of estate agents. Their figures show that a quick sale home is not always possible through an estate agent, with the average time to sell his house about 16 weeks.

This has improved recently, though - six months ago, the average home sale took 17 weeks of instruction until the end.

The national average is slightly skewed by the figures of the London area and the Southeast - in both areas people are able to sell their homes quickly because of the huge demand for goods.

This means that sales of properties outside these areas are not as fast, and may often take longer than the average of 16 weeks.

According to NAE statistics for the year 2007, an average of 43% of sales are in agreement within a relatively short time, within one month of the property being offered for sale. However, there is often a delay in completing the sale, with 48% of the supplements to take another two or three months.

For 13% of home sellers, the process is even more leave - taking between three and four months after completing the initial agreement. This can be stressful for sellers because, until the transaction is completed, the buyer can leave at any time and leave again at square one.

The NAE statistics show that almost 9% of sales fell through in November 2006, and 7% for December.

If you can not afford to wait an average of 16 weeks to sell his house, and want a house selling fast, there is always the possibility of using a property buyer in cash, which can agree and complete his home in selling a fraction of the time it takes a real estate agency.