Selling a home can be a complex and time-consuming process, but with some knowledge and planning, it can be relatively straightforward. With this guide, you will have all the information you need to sell your home in the UK to get the best possible price for your property.
How Long Does It Take To Sell a Home in the UK?
This is a question we get asked a lot, and unfortunately, there is no easy answer. The time it takes to sell a home can vary greatly depending on several factors, including the type of property, its location, the state of the housing market and the asking price.
However, selling a property in the UK usually takes around two to three months. This timeframe can be shortened or lengthened depending on the above factors, but it is a good rule of thumb to keep in mind when planning your sale.
Which UK Properties Sell the Fastest?
The United Kingdom is a bustling market with many properties available for sale. But which of these properties sells the fastest?
According to recent data, the five UK properties that sell the fastest are Edinburgh, Glasgow, Dundee, Coventry and Stoke-On-Trent.
1. Edinburgh
Edinburgh is Scotland's capital and one of the most popular tourist destinations in the UK. It's also home to several large businesses and organisations, which has helped to make it one of the most prosperous cities in the country.
2. Glasgow
Glasgow is the largest city in Scotland and is a significant centre of commerce and industry. It's also a popular tourist destination, thanks to its rich history and culture.
3. Dundee
Dundee is a city in Scotland that's known for its shipbuilding industry. It's also home to several universities and colleges, which has helped to make it a popular destination for students.
4. Coventry
Coventry is a city in England that's known for its manufacturing industry. It's also home to many historical landmarks, which has helped to make it a popular destination for tourists.
5. Stoke-On-Trent
Stoke-On-Trent is a city in England that's known for its pottery industry. It's also home to many museums and art galleries, perfect for culture lovers.
How Can You Increase the Chances of Selling Your Property Quicker?
1. Consider Making Home Improvements
Making home improvements can be a great way to increase the value of your home and make it more appealing to potential buyers. However, it's essential to consider the improvements you make carefully and whether or not they are likely to provide a good return on investment.
Some home improvements, such as adding a new bathroom or kitchen, can be costly and may not add much value to your home in the eyes of potential buyers. On the other hand, making more minor improvements, such as painting the walls or replacing old carpets, can be much more cost-effective and make your home more appealing to buyers.
2. Prepare All the Necessary Documents
Making sure you have all the necessary documents will help make the sale of your property go smoother and quicker. Here are some of the papers to start with.
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Title Deeds - The title deeds are the most important documents when selling a property. They prove that you are the legal owner of the property. Make sure that you have a copy of the title deeds and that they are up to date.
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Energy Performance Certificate - An Energy Performance Certificate (EPC) is required by law when selling a property. The certificate shows the property's energy efficiency and gives it a rating from A (very efficient) to G (inefficient).
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Property Information Form - The Property Information Form (PIF) is a document that contains information about the property, such as the dimensions, age and any planning permissions. The PIF must be completed by the seller and given to the buyer before they make an offer on the property.
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Fittings and Contents Form - The Fittings and Contents Form (FCF) is a list of all the fixtures and fittings that are included in the sale of the property. This includes things like the cooker, carpets and light fittings. The FCF must be completed by the seller and given to the buyer before they make an offer on the property.
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Mortgage Certificate - If you have a mortgage on the property, you will need to provide the mortgage company with a Mortgage Certificate. This document proves that the mortgage has been paid off and that the property is free of charges.
3. Make Sure to Set the Right Asking Price
Setting the right asking price is crucial when selling your property. If you price your home too high, it could sit on the market for months without selling. On the other hand, pricing your home too low could result in you leaving money on the table.
The best way to determine the right asking price is to consult with an agent. They understand the local market well and can help you price your home competitively.
Once you have a price in mind, it's essential to stick to it. Many sellers are tempted to lower their asking price if their home isn't selling, but this can backfire. Buyers may think there's something wrong with the property if it's been on the market for a while and the price keeps dropping.
4. Design Your Property to Be Move-in Ready
Making your property move-in ready will not only help it sell quicker, but you'll also be able to command a higher price. Buyers always look for properties they can move into without doing any work themselves.
To start, take care of any repair work that needs to be done before putting your property on the market. This could include fixing any cracks in the walls, repairing any leaks or fixing any broken appliances.
Also, clutter can make a property look small and cramped, so it's vital to declutter before putting it on the market. Get rid of unnecessary furniture and clear off surfaces like countertops and tabletops.
Once you've decluttered, you can start staging your property. This means arranging furniture in a way that is pleasing to the eye and makes the most use of the space. You can also add personal touches like flowers or decorations to make it feel like home.
5. Market Your Property Effectively
When you're ready to sell your property, you must ensure you're doing everything possible to market it effectively. By taking some time to promote your listing correctly, you can help ensure that it sells quickly and for the best possible price.
Start by ensuring your property is listed on all significant property-selling and local listing sites. This will help ensure that potential buyers can easily find your listing. Your listing should include all of the essential details about your property and a well-written description highlighting its best features. Be sure to proofread your listing carefully before you publish it.
You can also hold open houses, a great way to give potential buyers a chance to see your property in person. Be sure to advertise your open houses in advance, and ensure the house is clean and presentable before guests arrive.
Final Thoughts
Selling a home in the UK can be a complex and time-consuming process, but with the proper preparation and guidance, it can be a smooth and successful experience.
For residential conveyancing in the UK, check out Conveyancing Calculator today. Let us help you find the best deal by letting you compare conveyancing property solicitor quotes and fees.
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