How long will it take to sell my house?
PUBLISHED 25 OCT 2017
Unfortunately, there is no real answer to this question and it simply prompts that other age old rhetorical question “How long is a piece of string?” The fact of the matter is that there are a number of things that could delay the sale of a house, so perhaps the best we can do is to list a few of the more likely ones and offer some advice on how they can best be avoided.
What we’re saying is that instead of asking the question “How long will it take to sell my house?” the better question may be “What are a few ways I can avoid the delay of my house sale?” So what can delay the sale of a house? ...
It’s not ready to sell – If your house is looking like it’s about to fall down, the garden is overgrown or when people come to view it they fall through the floor boards ...you probably won’t get a quick sale. Advice – Make sure you have done the necessary repairs and clean up to make the house presentable and have documentation like the Electrical Certificate of Compliance (ECC) in hand to avoid delays.
Documentation and Deeds office delays – Following on from that very point, remember things like it takes 90 days for banks to cancel your existing bond and there can be many delays with paperwork if not considered in advance ...and huge delays at the Deeds office if post sale paperwork is not in order. Advice - A Transferring or Conveyance Attorney, specialising in property sale transactions (most Attorneys have a division that handle this) will be able to advise you on the legal documents that may be required, or better still seek the assistance of a good online Estate agent like JVP properties. Generally their commissions are much lower but they still ensure all the necessary paperwork is up to date and handled expediently.
The price is wrong – This is undoubtedly the single biggest reason that many house sales take longer than they should. Advice - Before you even list the property make sure you get an accurate valuation from an expert - someone who understands the values in your area and has a feel for the state of the market. It is difficult to correct the price if the house is overvalued at the outset.
The sales process is long winded – Selling property in the traditional manner with the local Estate agent can be a long winded and arduous process. Negotiations of sole mandates, advertising, show days to be arranged when it suits the agents etc ...all these things can delay a sale. Advice - Rather get valued quickly, listed online instantly and be immediately advertised on a platform that attracts buyers throughout the World on the internet through a reputable online property sales agent.
The integrity, honesty and transparency of JVP properties mean that regrettably we can’t answer the question “How long will it take to sell my house?” ...but we hope that there has been some useful advice for you in this article and that we have convinced you to contact us to get valued, listed and benefit from massive savings on commissions when your house is sold!