Why Thanet Sellers Need To Start Thinking About Christmas Now – Yes, Really!
09/08/2022 12:00 AM 523

Conveyancing Logjam

There are currently huge conveyancing delays in the UK. As a result, once a sale has been agreed, it takes on average 150 days to complete the purchase*. (To put this into context, this is 50 days longer than it took back in 2019.)


Now, some buyers and sellers (especially the ones with proactive agents) might be able to navigate the conveyancing process faster than the average time. But property transactions can be complicated, so it’s essential to work to a realistic timeframe to avoid disappointment.


Get the ball rolling

If you hope to sell your home and purchase a new one, the first step is to market your current property.


There are many reasons why you should do this before you start searching for your dream home:

  • You’ll put yourself in a stronger negotiating position. Aware of lagging completion times, many sellers are prioritising offers from buyers who are ready to move.


  • While the market is experiencing completion delays, sales are being agreed in record time (on average 32 days**). So even if you do shake hands on your dream home, if you’re not organised, there’s a risk that the seller will get impatient and walk away from the deal.


  • If you’ve accepted an offer on your property, you’ll know exactly where you stand regarding budget.


  • You won’t be tempted to accept a lower offer on your home because you’re desperate to hurry the sale along so that you don’t miss out on your dream property.


For advice on marketing your home to achieve top asking price or for a valuation, get in touch with us here at Cooke & Co Estate and Letting Agents.


* Rightmove

** Rightmove


Please Click Here to link seamlessly to hundreds of interesting community and property-related articles, videos, and pictures on our local blog/property insights page, Thanet coastal interactive tour, Up to date latest properties for sale and to rent, and much, much more.

Before you go we would love you to comment or like this article. Please feel to give your thoughts, helpful comments or even suggestions of articles you would like us to write about.

Leave a comment

Add Comment