Sellers guide to the sales process in Yorkshire

Selling a property in Yorkshire typically takes around 170 days from start to finish. However, the actual duration can vary. This guide breaks down the process, ensuring each section provides a clear input.

Listing and Attracting Potential Buyers

On average, it takes about 50 days nationally to accept an offer on a property. This timeframe includes listing the property on the market, conducting viewings, negotiating offers, and finally reaching an agreement with a potential buyer. Various marketing strategies can be employed to attract potential buyers, such as high-quality photography, virtual tours, and engaging property descriptions.

From Accepting an Offer to Completion

After accepting an offer, the completion of the sale typically takes around 120 days on average. This period involves finalising the legal and financial aspects of the sale, including the exchange of contracts and the completion process, which usually takes place within a week or a fortnight. Having a good conveyancer or solicitor is crucial during this stage to ensure a smooth and efficient transaction.

Step 3: Factors Affecting Selling Time

While the steps above provide a general timeline, it is essential to consider several factors that can influence the duration of the property selling process. These factors include:

Market Conditions

The state of the housing market, whether it is a buyers' market, balanced market, or sellers' market, can significantly impact the selling time. In a sellers' or hot market, where demand outweighs supply, properties tend to sell quickly, and pricing may be less sensitive. However, in a buyers' market or a cold market, where there is an excess supply of properties, a competitive price becomes even more vital to attract potential buyers and expedite the sale.

Asking Price

Setting the right price for your property compared to similar properties on the market is crucial. Overpricing your house may deter potential buyers, resulting in fewer viewings and a longer time on the market. Conversely, pricing your property competitively can generate immediate interest and speed up the selling process. Conduct thorough research on current property listings to gain insights into the market and set an appropriate price.

Property Condition

The property's condition is crucial in attracting buyers and determining the selling time. A well-maintained and visually appealing property will attract interest and sell faster. Consider investing in necessary repairs, staging the property to enhance its appeal, and highlighting its unique features to create a positive impression on potential buyers.

Quality of Solicitors

While agreeing on a price and making a sale agreement is one aspect, the efficiency of your solicitor plays a vital role in the progress of your sale. Opting for a responsive solicitor who works well with estate agents can help prevent unnecessary delays and expedite the selling process.

How Linley & Simpson can help

Our team is well-versed in the factors that impact selling time, including the price asked and market conditions. We work with responsive solicitors who prioritise efficiency and collaboration regarding legal matters. Their cooperation with us as estate agents helps prevent delays, ensuring a smooth progression from offer acceptance to completion.

By pricing your property competitively, we attract immediate interest from potential buyers. Our local market knowledge enables us to navigate buyer and seller markets effectively.

Our personalised advice and guidance are tailored to your situation, giving you the information you need to make informed decisions. Together, we can make your move a reality.