Time is often a crucial factor when making a move in the property market. Time often means money, and the longer a process drags on, the more money you end up spending. There is also a lot to be said for being settled in your new property, and it is understandable people want to move home sooner rather than later.
There is no such thing as a typical house sale, and there is no such thing as the typical timeline, but it is possible to put a rough guideline on how long the process will take. If you plan on buying a property soon, and you want to put a rough timeline on the process, the following information will be of use.
The starting process of researching property and finding a home you like is crucial, and this section differs from person to person. Some people can find a home they fall in love with instantly, whereas others may take a lot of views to find a home they want to move into. You will know yourself better than anyone else, so make sure you allocate enough time to start the process effectively.
Once you have decided on a home and you put in an offer, you can expect the process to take around two to six weeks. Inform the vendor what you are willing to pay and agree on any conditions for the sales process. Hopefully, the vendor will accept your offer, and you can start to move on to the surveying process.
There are legal matters to attend to
As you would expect, there are legal matters to deal with when buying a property. Once your offer has been accepted, arrange for a survey to review the condition, and your solicitor should check on any legal issues.
If everything is in order, and you may need a week or so for everything to be settled, you can focus on the exchange. At this point, you will pay your deposit, and if you want to back out from this point onwards, it will be costly. The process from the exchange to the sale can take instantly or it can take up to four weeks. Once you have handed over your money or agreed the transfer, and you receive the keys and deeds, you are the new owner of the property.
There are many parts to the buying process
As there are so many variables involved, it is difficult to put a firm timeline on the buying process. If everything runs smoothly, the deal could be concluded in just over a month, if there are many delays and issues, the process could take three months.
Make sure you are prepared for delays, and do what you can to speed up the process without compromising on the standard of the work. If you want to improve the process, align yourself with dependable and reliable professionals.
With convenient transport links to the centre of Manchester, and significant developments taking place, Stockport is the ideal place to buy, live or invest. As Stockport property specialists, we want to ensure you stay in touch with the latest property news. If you are looking for assistance in this area, give Spencer Harvey a call on 0161 480 8888 or send us an email at info@spencerharvey.co.uk. For a free valuation please visit: https://www.spencerharvey.co.uk/valuation-enquiry.html