Properties are taking longer to sell than a year ago, at an average of more than three months in urban areas of the UK.
This news comes from the Centre for Economics and Business Research (CEBR). Its research shows homes in cities and major towns are on the market for 102 days on average, before being sold or put under offer – six days longer than in 2017.
In practice, completion can take a lot longer, bearing in mind legal requirements and the practicalities of moving dates.
So with this in mind, it’s a good idea to take a few simple measures which could at least reduce the length of time it takes for an offer to be made.
A survey by Anglian Home Improvements threw up some interesting insights into what viewers may, or may not, look out for.
Melanie McDonald, at Anglian Home Improvements, said: “It was very interesting to learn that so little of the participants’ behaviour was focused on the building and structural features, apart from the things that needed to be fixed.
“With nearly a fifth of the house hunters’ time spent looking out the window, one of the top tips from this experiment is to make sure the view from your windows is up to scratch.”
If you are buying or selling a property and need legal advice, the conveyancing team here at Optimum are happy to help, so please get in touch.