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According to new research, many people underestimate the time it takes to sell their home.
48% of respondents thought they would be able to sell their house quickly – within three months.
The reality is different though, according to the National Association of Realtors. His figures show that house quick sale is not always possible by an estate agent, with the average time to sell your house around 16 weeks.
This has improved recently – six months ago, the average house sale took 17 weeks of instruction at the end.
The average National is skewed slightly from the figures of the London area and South East – in both regions, people are able to sell their homes quickly because strong demand for goods.
This means that sales of goods outside of these areas are not as fast, and can often take more than the average of 16 weeks.
According to AAA statistics for 2007, an average of 43% of house sales agreed fairly quickly, within one month of ownership sale. However, there is often a delay in the completion of the sale, with 48% of graduates to take two or three months.
For 13% of home sellers, the process is even longer – take three to four months to complete after the initial agreement. This can be stressful for sellers until the transaction is completed, the buyer could withdraw at any time and let them go back to square one.
The AAP stats revealed that almost 9% of sales failed in November 2006 and 7% for December.
If you can not afford to wait an average of 16 weeks to sell your home, and want a quick sale of the house, there is always the possibility of using a cash buyer of goods , which are suitable and complete the sale of your home in a fraction of the time taken by a realtor.
Julien Mills is the owner of Molae Properties Ltd – a specialist quick house sale company based in South London.
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