How Long Does It Take To Sell A Home?
According to new study, numerous people underestimate the length of time it takes to sell their house.
48% of those surveyed thought that they would be able to sell their house relatively rapidly – within 3 months.
The reality is different although, according to the National Association of Estate Agents. Its figures show that a fast house sale is not always possible via an estate agent, with the average time taken to sell your home around 16 weeks.
This has improved recently although – six months ago, the average house sale took 17 weeks from instruction to completion.
The national average is skewed slightly by the figures from the London region and the South East – in both areas people are in a position to sell their houses rapidly due to the huge demand for property.
This means that property sales outside these locations aren’t so quick, and may often take longer than the 16 week typical.
According to NAEA statistics for 2007, on average 43% of house sales are agreed relatively rapidly, within 1 month of the property being place on sale. Nevertheless, there is frequently a delay in completion of the sale, with 48% of completions taking a further two or three months.
For 13% of house sellers, the procedure is even much more drawn out – taking between three and four months to total after the initial agreement. This can be stressful for sellers as, until the deal is total, the buyer could pull out at any time and leave them back at square one.
The NAEA stats revealed that nearly 9% of sales fell via in November 2006, and 7% for December.
If you can’t afford to wait the average of 16 weeks to sell your home, and want a quick home sale, there is usually the option of using a who will can agree and complete your home sale in a fraction of the time taken by an estate agent.
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How Long Does It Take To Sell A Home? 
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