With several recent signs that the property market has at least levelled out, if not started to improve, many new sellers may well be tempted to put their house up for sale. This is also due to the fact that some house owners will have resisted offering property for sale because of the terrible state of the market. Now may be a appropriate time for anyone looking for a Quick Property Sale to get their home onto the market.

In the past 12 months or so there have been very low numbers of property sales transactions. This has mainly been attributed to both a lack of customers and a dearth of mortgage finance. Yet, the supply factor has also had an effect. Many house owners basically cannot afford to sell at current lower prices and have stayed away from the market on that basis.

With buyers returning to the market and mortgage availability slowly easing we are currently starting to see a lack of properties for sale, even those with a need to Sell House Fast staying out of the market.

The Nationwide Building Society reporting a property price increase of over 2% for last month seems to bear out this shortage. Little can be read into only one month’s figures but these come on the back of consistent earlier rises and suggest the start of a trend. Such a sharp rise indicates that buyers are eager to snap up properties so any new vendor can expect a lot of interest.

Over priced properties will struggle to sell, but those listed at prudent prices, taking into account recent market value falls can now be expected to turn over in reasonable time. The standard expectation for a property sale transaction is a period of three months, allowing for normal marketing activity. This permits time for Estate Agents to undertake promotional activity, a good number of viewings to happen and for dialogue with potential buyers to occur. So by the end of twelve weeks sellers should have a negotiated deal and be in a position to instruct lawyers.

The legal method for completing a property sale is maybe now a little quicker since the introduction of HIPS. From first instruction to exchange of contract should take around 4 to 6 weeks, though this assumes that mortgage offers are dealt with in reasonable time. Completion of the house sale is normally by negotiation between the buyer and seller and generally allows a few weeks to organise removals.

So vendors looking to “Sell my Home fast” should be encouraged by recent trends and once property is on the market should be able to secure a sale within a more normal five months.

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This entry was posted on Sunday, August 23rd, 2009 at 4:23 am and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.