- Homeowners wanting to sell by Christmas will need to list their homes for sale by Wednesday 2nd November
- Analysis shows that last year the speed of sale of 52 days was the fastest in the last 7 years. 11 days quicker than the average of 63 days
- Average annual sale times have fluctuated between 52 and 73 days over the past seven years
If you want to sell your home before Christmas, there is still time.
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List Your Home For Sale By Wednesday 2nd November
Prospective home-sellers will need to have their property on the market by Wednesday 2nd November in order to sell their home before Christmas, according to a new study.
Data from HomeOwners Alliance’s Find an Estate Agent also offers insight into the time it takes to sell a residential property. In 2021, properties took on average 52 days to sell.
Over the past seven years, homes have taken an average of 63 days to sell, making 2021 - where selling took 52 days - the speediest year ever.
This trend is set to continue in 2022 which is why homeowners need to list by 2nd November if they want to sell by Christmas.
Commenting on the data, Paula Higgins, Chief Executive of HomeOwners Alliance, which runs the esate agent comparison website, said: “The speed of sale in 2021 and year to date 2022 has been much faster than in recent years. This is likely due to a shortage of homes for sale.
Still, to agree a sale by Christmas, you need to list your home by November at the latest. Homeowners worried about rising mortgage rates may wish to make their planned move sooner rather than later and take advantage of the stamp duty cuts announced.
Tips For Speeding Up Your Home Sale
The HomeOwners Alliance, a property advice website, has 5 tips for speeding up your sale:
- Appoint a great estate agent. A good starting point is Find an Estate Agent, which ranks your local estate agents by how successful they are at selling quickly and securing the asking price, and how much they charge.
- Set up your solicitor. Instruct a conveyancing solicitor early and start pulling paperwork together now if you want to secure a quick sale.
- Get your house ready for sale. If there are any issues that might come up in a survey and delay the move, consider fixing them now. And as the winter months approach, make sure your home doesn’t look too dark – it is vital to let in light with lamps, candles and mirrors.
- Let your agent take the lead. Let your estate agent lead viewings and tackle any tricky questions. And let them advise on negotiations; going to sealed bids to secure the best price is a popular option in today’s sellers’ market.
- Choose the right buyer - everyone wants to get the best price, but if you want to sell quickly as well, then opt for a chain-free buyer who isn’t relying on selling their home to buy yours.
For more advice on getting a quick sale, visit hoa.org.uk or see our step-by-step guide to selling.
Average number of days properties listed in a particular month take to sell
About the HomeOwners Alliance
The HomeOwners Alliance champions the interests of Britain’s homeowners and aspiring homeowners. We are a property advice website providing helpful advice and services for all the key moments of buying, selling and owning your home.
Advice for Home Sellers
People who are thinking about selling their home can read our step-by-step guide to selling their home on the HomeOwners Alliance website.
