May 21, 2021
4 min read
With something as significant as buying and selling a property, there is always going to be a bit of time involved. Even when you’ve accepted a great offer, there’s still some distance left to cover. While Estate Agents and solicitors work hard to make it a timely transaction, there are ways that you, as a seller, can help move the sale along. When looking to sell a house fast without compromising on profit, here’s what you can do to keep the sale moving forward.
Before the pandemic, house purchases took as long as 2 to 3 months, according to gov.uk.
Then the stamp duty holiday was announced to support the property market amid the lockdowns, causing an uptick in sales as buyers took advantage of the tax break (which could amount to a tax saving of £15,000). However, this led to delays and backlogs in the home buying process. That means that even though some buyers agreed to a purchase in the stamp duty holiday, they will end up being subject to paying the tax. Unfortunately, in a bid to save money and speed up the sale, many buyers were taking high-risk strategies, such as skipping property searches and valuations.
While the stamp duty holiday ends on 30 June 2021, we highly recommend ordering searches and valuations as you usually would. Going without these essential services could lead to significant losses if you purchase a house without knowing all you should.
Generally, it takes 15-25 weeks from your first day of marketing to completion. Once you’ve accepted an offer, it takes an average of 11 weeks. Of course, this depends on your property, price, buyers, market conditions and more.
Without a shadow of a doubt, choosing the right Estate Agent is key to selling your house quickly and for the right price. You want someone who has experience selling properties like yours, knows your local market and the best way to get your home in front of potential buyers. They will advertise your property, handle viewings, inform you of offers, as well as get the ball rolling with a valuation.
On Boomin, you get to work with the top Estate Agents across the UK. Better yet, you can book a free valuation and instruct your chosen agent – all online. If you need a helping hand, here are some top tips on how to choose an Estate Agent when selling.
For a quick house sale, have a first-class solicitor or conveyancing firm in mind and ready to instruct. Conveyancing is the legal transfer of property from one person to another, and the conveyancing solicitor may send a lot of information through to you to review, fill out and sign. It can therefore pay dividends to have a diligent and efficient conveyancer on your team.
You’ll also need to dig out paperwork about the property, such as planning consents and any certificates for renovations including double glazing, damp proofing, electrical work and structural building work.
This step can be timely, so aim to get it out of the way sooner rather than later (or have all the necessary documents ready to go).
Selling a house means wading through interested buyers, some of which are just testing the waters to see what’s out there, while others are motivated and will act quickly. Don’t get disheartened if you don’t find a serious buyer straight away.
Having dealt with many different buyers, your Estate Agent will have a good understanding of how to gauge which buyer is serious. For example, if they have a mortgage agreement in principle or already have their current home on the market, it’s a good sign they are committed. Lean on your agent to do the detective work.
Even when you’ve accepted an offer, property transactions can take longer than expected. You’ll want to maintain regular contact with your Estate Agent and solicitor so that you’re up to speed with what’s going on throughout the process. When you instruct these two parties, be sure to tell them the best way to keep in contact with you to reduce the chance of delays.
It’s vital to stay in the loop because if you know what needs to be done and when, it’s easier for you to sell a house fast and for the right price.
When you work with Estate Agents on Boomin, your property gets more exposure than ever before.
When you’re hoping to sell a house fast, there are plenty of ways to keep things moving. Planning well, managing your expectations and leveraging your Estate Agent are key. And Boomin makes it easier to get your house in front of prospective buyers.
We work with trusted and experienced Estate Agents that are bookable online, 24/7. As a smarter, always-on property site, you can get your home noticed, sooner. Find out more.