Rightmove research has reported that from when a sale is agreed on a property, it currently takes 150 days on average to reach that completion day, that’s 50 days longer than during the same period in 2019. Meaning you need to act now if you plan to spend the festive season in your new home.
The reason for the current delays with the convening process is that so many people are looking to move home right now, causing the legal part of the moving process to take much longer than usual. There are currently more than half a million homes across the UK sold subject to contract, with buyers awaiting completion…. 44% more than this time during 2019.
If you are thinking of moving by Christmas, it is clear you need to be ‘buyer ready’ and in a position to proceed as soon as the property you are looking for becomes available or, as due to the high levels of competition, you are likely to miss out. It is therefore important to get your property on the market now before you start the search for your dream home.
If you have a property to sell and want to find out more get in touch with your local branch directly to book a FREE market appraisal.
If you’re just curious as to what your property is worth in the current market you can visit www.peteralan.co.uk/#valuation for a free instant online valuation.