How quickly are properties selling in Canterbury?
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If you’re focused on selling your home, it’s likely you have a timeline in mind. Whether you’re selling to buy elsewhere, eager to up sticks and start anew, or you’re moving internationally, knowing how long it might take is important.
What is the average time to sell a home in Canterbury
Obviously figures have been skewed by the recent events of Covid 19, however looking back to this time last year we are looking at an average between 150 to 160 days to sell your home.
The actual process of transferring the deeds, exchanging and completing can take between 8-12 weeks. However, this depends on whether you’re stuck in a chain, if you’re a cash buyer or First Time Buyer, and multiple other factors.
What affects the length of time it takes to sell a house?
If the market is down, you may struggle to sell your home quickly. Perhaps there’s a lot more choice, with similar properties to yours. Perhaps there isn’t as much need for your type of property compared to others in the area.
Looking at who is likely to be your target buyer is important – what situation prompted you to buy this property? Is it good for a single person, couple or family? Is it well situated? Has it got a lot of potential for extension?
It may not be your sale that is taking a long time at all, but your buyer’s sale. If you’re stuck in a chain, it can take add weeks or months to your move. Similarly, if you are buying a property as well, you may find your seller stuck in a chain.
One of the main things that impacts how long a property can take to sell is how highly it is priced. Properties priced too high will not get as much interest. Potential buyers might not consider your home if it seems so far out of their budget.
There are significantly more flats on the market in Canterbury than any other property style which is no surprise, however the only significant changed since lock down is an increase in the number of Semi's on the market and three bedroom homes.
So flats are likely to continue to be the slowest movers in the markets, but Semi's have historically sold the quickest so the increase in numbers to the market should not effect the current demand materially.
However if you are selling your semi, ensure yours looks its best as you will have more competition.
How can you improve your selling time ?
Taking the time to really consider your asking price and ensuring you have that right is the most important factor. Correctly priced houses equals more viewers, which means more offers, which means a quicker sale.
Getting your conveyancing solicitor sorted early on the process will mean fewer hold ups along the way, and you can let them know that you’re eager to move quickly. Remember to ask if your conveyancing solicitor is likely to be on holiday in the coming months, and who would be in charge if they were away.
Preparing your home before you put it on the market can make a big difference to the selling time. Having a clear out and making it look spacious and clean will make those photos much more impressive.
Along the same lines, taking the time to create a great first impression will leave less room for doubt in your potential buyer’s mind. This could be fixing anything that’s broken, clearing away clutter or giving a room a fresh coat of paint.
And last but not least choose the right agent.
Regal Estates sell homes quicker than any other agent in Canterbury according to independent research by Home.co.uk
Call us now to find out how - 01227 763888
*data provided by home.co.uk