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Property/DIY

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Original poster

On the market...how quickly can we sell?

25 replies

insomniarules · 08/04/2014 12:28

We've got about 2 weeks to sell. Is there anything other than the sale board, right move and our very positive estate agent we can do to get a sale?
I'm starting to get a bit anxious about getting a quick sale...

OP posts:

lessonsintightropes · 08/04/2014 12:41

Too many unknowns. Realistically priced? In an area of high demand like London/SE? In good nick? If so within 48 hours of your open day probably, will be different elsewhere.

crutchlow35 · 08/04/2014 17:23

It depends on where you are.

Nojustalurker · 08/04/2014 17:28

Depends on the general area eg London and then on the small area eg school catchment and even the street in that area. My DH flat sold within 3 weeks due to specific street, my flat which we sold before Christmas was on the market for over a year. It was only 6 streets away.

Nojustalurker · 08/04/2014 17:31

Don't forget the 6 weeks plus for paperwork. Why do you need to sell so quick?

5ofus · 08/04/2014 18:43

I think if you want a quick sale it's all about getting the price right.

Original poster

insomniarules · 08/04/2014 19:55

We have finally found our dream house and vendors have given us a couple of weeks to sell while they keep it off ghd market for us. Just need a quick sale to move on! We are in sought after area; good schools, shops, commenting etc.

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Original poster

insomniarules · 08/04/2014 19:56

Commuting ( sorry )

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Original poster

insomniarules · 08/04/2014 19:56

I did wonder if an open house would work ?

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lessonsintightropes · 08/04/2014 19:57

Still, where are you selling? Advice from 5ofus above is spot on.

FarToGo · 08/04/2014 20:06

Not really fair of the vendors is it? Why can't they wait?
Are you hoping for an actual sale or just an offer within these 2 weeks?

Sorry to be a misery but we too have found our dream forever home, we live in a desirable part of London and we were told in no uncertain terms that our flat would go quickly and so far we've had one firm offer after 6 weeks! We were full steam ahead but our buyers pulled out yesterday ( after mortgage approval and surveys etc ) I'm gutted.
Back on the market today and not told our vendor yet.

Gemma77 · 08/04/2014 20:54

We sold our house in less than 24 hours! We registered with the estate agents on the Monday evening. The following evening we had 16 viewings - we didn't have an open house but the bookings overlaps by a few minutes so it was obviously lots of people were looking. We have several offers than night, 3 at full asking price so went with the cash buyer.

I suppose it depends on location. Where we are there is a real shortage of houses. When we put our house up for sale it was the only three bed for sale in a half mile radius which meant we had lots of interest.

Our house was sold for 250k so just before the stamp duty rise and again I think this meant more people were looking at it. We were looking at new houses over 400k and the market was very different, houses seemed to be up for sale longer probably because the number of potential buyers decrease as you jump up price bands.

It's a good time to sell at the moment so if your property is priced realistically and in a good condition, and depending on your area, you should be fine to sell in two weeks!

Good luck x

JumpingJackSprat · 08/04/2014 20:58

Id go for an open house - creates a bit of a buzz and as viewers overlap they compete with each other. I went to one the other day and it had three offers by the end of the weekend at full asking price.

Original poster

insomniarules · 08/04/2014 21:12

Thank you , we've just gone live on rightmove so hopefully that will help.

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specialsubject · 08/04/2014 21:27

you can't sell (i.e. complete, or even exchange) in 2 weeks.
you can have an offer accepted within 24 hours if the price is right and the right people come along.

Bambi75 · 09/04/2014 10:06

Agree with Special. A property doesn't 'sell' until you've at least exchanged contracts because up until then either party can pull out.

I've just sold 2 properties - both chain free. Both took 6-7 weeks to get to exchange and that was with both sets of solicitors being very efficient. Remember, some searches your buyers will be doing may take up to 6 weeks to come back - especially the local authority search.. Add to that the time it takes for mortgage valuation, mortgage offer to process and 'selling' a house in 2 weeks becomes wildly unrealistic. You need to factor in up to 8 weeks for a fairly speedy completion and up to 12 weeks for a slow completion.

Original poster

insomniarules · 09/04/2014 11:32

Thanks- I meant we need a buyer and offer in 2 weeks. I know it takes weeks/ months to actually sell!

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Madmog · 09/04/2014 12:01

I think all you can do is have it realistically priced, be prepared to accept an offer (unless it's really silly and means you can't afford to move) and have the place clean and tidy for viewings.

I don't think you can ever predict how long a place will take to sell. A house in our road took over a year to sell, looked lovely inside and very well presented, so we expected ours to take a while. Ours is fine but a bit more dated inside and we have quite a bit of clutter (although it's been tidied into neat piles). We had two offers in first couple of weeks, first lady changed her mind within a few days, second chap wouldn't increase his offer. We then had a lady who loved it, but took 3-4 weeks to sell her own.

noddyholder · 09/04/2014 15:02

If you are in a buoyant area and it is well priced and looks good it will sell, We had an open day saturday and it sold straight away I am a great fan of these as I no longer have to tidy up! Its everyone at once and creates a bit of competition. I am in a busy area though although our agent says after Nov-Feb being manic it has really dried up and prices are starting to slide.

SquinkiesRule · 09/04/2014 20:52

Ours sold in 24 hours, but we had spent months getting it ready, it was spotless with nothing needed but to move in your own furniture. The day it went for sale I kept thinking, no way can I keep it looking this good for long, thank goodness we got a buyer so fast. So make sure to clean it so it sparkles and looks like a show home.

Beaverfeaver · 09/04/2014 21:41

Our house goes on market tomorrow and I also am hoping for a quick sale.

We last sold 4 years ago and it sold the same day we asked the agent around to value it.

Today, I have had someone contact me directly asking to view our current house.
Fingers crossed!

Good luck with your sale too.

HomeHelpMeGawd · 09/04/2014 21:49

Open house
Get it looking pukka
Price it below the local market
Make sure the agents know a sale is more important than the best possible price

manhillman · 10/04/2014 02:44

the market goes fast. even off plan of apartment could be sold a lot upon released. crazy!

seems bubble. who would buy now?

Original poster

insomniarules · 11/04/2014 10:10

We had asking price offer yesterday but they have a property to sell. Flabbergasted that offer made already, a second viewing tomorrow morning from another family.
Sadly we need proceedable ( not sure if that is actually a word) offer/ people for our vendors and their timescale.
Market completely different from the last time we were on market...

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JumpingJackSprat · 11/04/2014 11:03

They have one to sell now but I wouldn't count them out- we had an offer declined as we weren't proceedable and we got an offer two days later.

Original poster

insomniarules · 15/04/2014 18:00

Two , possibly three, asking price offers. Which is great but they can't proceed... But are on market. It's brilliant but we need to satisfy our vendors that we can proceed and we need our potential buyers to have sold. We are running out of time before our vendors say our time is up and it's making me feel really anxious. I guess we just wait and hope?

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