It takes an average of 96 days to sell a house across the UK, new research1 suggests. And timings can vary depending on where you live.
There’s good news for those of you in Scotland – properties in Edinburgh and Glasgow are selling the fastest, taking an average of 41 and 50 days respectively.
But if you’re in either Liverpool or Belfast you could have longer to wait. Even though there’s more affordable housing here compared to properties in the South, it’s taking longer to sell homes in these areas than anywhere else in the UK. In fact, you could be waiting on average 112 days in Liverpool and 119 days in Belfast to sell your property.
Surprisingly in London, which is known to have high demand for houses, it could take around 3 and a half months to sell a property (111 days)
See where your city ranks on the map below:
If you’re trying to sell your house now or in the New Year, here’s some top tips to make your home stand out:
- Research what other properties in your area are selling for and then price your house realistically based on this. Having an unrealistic price could put potential buyers off
- First impressions really do count. Make sure your property looks well maintained and cared for inside and out
- Try to keep colours as neutral as possible. People need to picture themselves living in the property and if the décor is over personalised to you it can be hard to do this
- Give your kitchen a quick freshen up in a cost-effective way to improve the appeal to potential buyers. A quick lick of paint on the walls or cabinets, or replacing doors/handles can really make a difference
- Make sure your house is inviting. If the viewing’s in the day, open up the windows to get some fresh air in. If you’ve got an evening viewing, think about lighting – turn on side lamps and light the fire to give a homely feel
Buying a house?
This research could also prove beneficial, as it’s good to consider the rate of sale in the area you’re wanting to buy in.
For example, if you know that the houses in the area you’re looking in are taking longer to sell, you could be in a good position to negotiate on costs.
Also, if you can be flexible with location, consider looking around so you can get the most out of your budget.
If you’re in a location where houses generally sell fast, make sure you’re in the best position possible to buy. Get your finances into the best shape they can be and ideally arrange a mortgage approved in principle to show estate agents and sellers that you are a serious buyer and you can afford the house. If you need to sell as well as buy, consider if you could either rent somewhere or stay with family if yours sells quickly to keep things moving.
For more helpful tips visit our help hub where we have a dedicated ‘Moving Home’ section, which contains lots of handy info for buyers and sellers.
1 Post Office Money – City Rate of Sale Report, 2017 – created in partnership with the Centre of Economics and Business Research using data from Home.co.uk and the Land Registry House Price Index.