Working with experienced estate agents in your area will help you buy a house or sell your current one as quickly as possible, working tirelessly to navigate the many complexities that come with selling the biggest asset any of us are likely to have.
It can and often does take months to navigate conveyancing, get a mortgage agreement in principle, fill out all of the paperwork, undergo all the surveys and checks and keep a constant line of communication before the contracts are finally exchanged.
However, what if this was not the case? In an ideal world and an ideal situation, how long would a property sale take, and what would need to be in place for a sale to close that quickly?
First of all, we need a power buyer, which is a homebuyer who can immediately put a deposit down if not paid outright. These are either cash buyers or first-time buyers, typically, although the latter is unlikely to be as fast for other reasons.
Power buyers are not part of a property chain, which means they are not waiting to sell a house to complete the process of buying one.
If they are paying with cash, they also avoid the delays that can come from independent valuations. Mortgage lenders want to know that a house is worth what it is being purchased for, and it can take time for their vetting process to go through.
There are also searches to consider, but if recent conveyancing work has already been done then this can speed the process up.
If all the paperwork is already filled out, the buyer and seller have been proactive and there are no barriers in place when it comes to funding, a sale could theoretically be completed in less than a month, and potentially as little as 14 days.
This is practically impossible in reality, however, and 14 weeks is more likely than 14 days, but it goes to show how variable the property market can be, and the importance of giving yourself the best possible help to navigate it.
