In the beginning...
Ah, the UK property market. There’s no place quite like it. Days turn to weeks here, and weeks turn to months.
I don’t know how it got like this, but it doesn’t seem to work well for anyone.
For home sellers, average sale times have always been long, but it’s as bad now as it’s ever been. The average sale now takes about 6-7 months!
And the process can be absolutely miserable for some sellers:
- There are estate agents to deal with.
- Waiting for viewings and having strangers traipse through your home.
- And then haggling over offers…
Then if you do manage to find a buyer, you just have to hope the sale doesn’t fall through once everyone else enters the picture (each causing their own series of delays):
- Solicitors, with their searches, enquiries, and other checks.
- Mortgage lenders, with their stringent checks and criteria.
- And surveyors, looking for any reason to put a stop to the sale…
It's no wonder that 30% of agreed sales fall through… (Yes, really).
If this happens you’ll go right back to square one, and the future life you were planning just crumbles before you.
And most of the time you'll probably be in the dark about what's going on. Communicating with customers and letting you know what's happening isn't exactly common practice.
It’s unbelievable that there’s an industry that is still so dysfunctional, even in 2020.
But it’s the reality here…
But without the ladders.