Finding a buyer for your home in London
New figures have shown that finding a buyer for your London property is now taking a little longer than it used to. The average marketing to sale agreed time is currently coming in at sixty days. These new figures have been released from Rightmove and show that London is no longer the fastest place to sell in the UK. The country’s capital has now been replaced by Scotland.
The sixty day average that London is now seeing a return to numbers previously seen in 2011. This isn’t necessarily bad news however. There are many factors which have lead to this change.
Making Selling Easier
It is not just a Brexit issue. Changes in taxation have slowed down the buy to let market and made some buyers a little more hesitant. Selling with a leasehold is also a factor.
Sellers need to have all of their homework done if they want to sell quickly. They need to make sure that their paperwork is in order and likewise they need to be careful when choosing a solicitor. It is imperative that a seller chooses one who is very familiar with leasehold sales.
When it comes to selling a flat there are some other considerations to take into account. There are many new builds on the market so if it is an older flat a seller really has to put some effort in. Clearing clutter and showing off the space available is essential. Older flats can be more spacious and it’s important to give that sense to potential purchasers.
Christmas in your New Home
You still have time to be home and hosed before Christmas. Sixty days is not an overly long period of time and is perhaps a more realistic view on selling or buying. If you start the process now then you could be ringing in the new year in a new home.
Buying or Selling in Canary Wharf?
Do you have a home that you wish to sell? Or alternatively do you want to buy in Canary Wharf or surrounding areas? Our team of estate agents have plenty of homes in Canary Wharf that you might wish to take a look at. Alternatively we offer very competitive rates for selling your property in E14. Click on one of the links below and make contact with a member of our team today.
