When you first listed your property, did you expect to still be on the market? Did your agent promise a quick sale that hasn’t materialised? Or have you had plenty of interest but are waiting for the right offer? According to Rightmove, in the whole of 2016, only 40% of vendors in the UK sold with their first agent so, if you're feeling in limbo, you're not alone.
It’s practically impossible to know how long a property will take to sell, but your “PSL” will almost certainly have an impact:
- Price. How does your asking price compare to other recent sales in the area? Does it seem a little optimistic? Is it in keeping with other houses on your street? Or does it look like an absolute bargain?
- Style. Quirky homes usually take longer to sell, as do upside-down houses, extended bungalows and homes with converted rooms. The more “usual” your home, the faster (generally) it will sell.
- Location. Is there anything nearby that might cause a buyer to reject your property? Is it next to a bus stop, a pedestrian crossing or a takeaway restaurant? These and other disadvantages may mean that your house will take longer to sell.
If none of these reasons ring true and you’re not sure why your property is still on the market, why not give us a call to arrange a free consultation? Thanks to our modern approach to auction, the average Open Door property sells in less than 8 weeks, so what have you got to lose? Contact us today you’d like to talk through your options.
Until next time!
