If you’re selling a home in Swansea, you probably want to know how long the process is likely to take. Understanding the timescales helps you to prepare and organise for a move. Find out how long it can take for a Swansea house sale to go through.
How long does it take for a house sale to go through? When putting up your house for sale in Swansea, knowing the timescales involved will help you to prepare. At Belvoir Swansea, Mumbles & Sketty our local estate agents are experts of the Swansea, Mumbles and Sketty property markets. Here they share their advice on how long it can take for a house sale to go through in Swansea. If you are ready to make the move, or find houses for sale in Swansea, get in touch with our team of Swansea estate agents.
How Long Do Sellers Have To Reject Or Accept An Offer?
Typically, it’s expected that sellers will either reject or accept an offer on their property within a couple of days. Should there be an especially high demand for their property, the process could take longer since there may be several offers for the sellers to consider. However, it’s essential to bear in mind that you may not always want to accept the offer that is highest. Speed could be the most important factor in your sale. So you may wish to accept a lower offer in return for faster completion.
How Long Will There Be Between Offer And Completion?
There is no single answer to this question since there are many variables that come into play. Market conditions, local demand, and the complexity of the property chain all affect the length of time between offer and completion. Typically, though, this period is around 6 – 13 weeks. It very much relies, however, on how quickly your conveyancer, local authority, and indeed, you yourself, handle the requests and paperwork involved. Acting quickly in response to enquiries and providing information promptly as and when necessary is the best way to ensure the speediest conclusion to the process.
What Kind Of Timescale Is Involved In The Conveyancing Process?
Conveyancing solicitors go through several different stages as they progress towards completion. They must gain confirmation of your available funds or mortgage offer. Then, they must draw up the contracts. Finally, they have to arrange searches through the local authority, obtain information from the land registry, handle all pre-contract inquiries, and continuously liaise with the other party’s solicitor. Overall, it can take about 12 weeks.
How Long Between Signing Contracts And Exchanging?
This relies heavily on the conveyancing solicitors making the contracts available to each other, usually via recorded delivery. The buyer must also have the deposit ready and buildings insurance ready to be activated. Although there aren’t any hard and fast rules about the time of contract exchange, many solicitors do it at around midday. At that point, the purchaser has a legal commitment to purchase the property. Completion will then typically take place within a couple of weeks – usually in the afternoon (Friday is the most popular day for this). Sometimes, completion and exchange take place on the same day.
Find Swansea Estate Agents To Help You Sell Your Home
Do you have more questions about how long it can take for a house sale to go through in Swansea? If you have any questions about the selling process, don’t hesitate to contact our estate agent team. Here at Belvoir Swansea, Mumbles & Sketty our estate agents are experts of the local property market. We can answer all your questions and give you the advice you need. So give us a call on 01792461929 or drop us an email at swansea@belvoir.co.uk. We’re looking forward to helping you sell your Swansea property.
