What You Need to Do Now to Be in a New Home by Christmas

Severe conveyancing delays mean savvy sellers must act now to be in a new home by Christmas.

You probably think it’s too early to be thinking about Christmas, right? After all, why worry about tinsel, trees and a present for dear old Aunt Bertha when it’s the middle of summer?

But if you’re planning to move home and hope to be in your new pad by Christmas, then now is the time to get moving. Let us explain why there’s no time to delay.

Conveyancing logjam

There are currently huge conveyancing delays in the UK. As a result, once a sale has been agreed, it takes on average 150 days to complete the purchase*. (To put this into context, this is 50 days longer than it took back in 2019.)

Now, some buyers and sellers (especially the ones with proactive agents) might be able to navigate the conveyancing process faster than the average time. But property transactions can be complicated, so it’s essential to work to a realistic timeframe to avoid disappointment.

Get the ball rolling

If you hope to sell your home and purchase a new one, the first step is to market your current property.

There are many reasons why you should do this before you start searching for your dream home:

You’ll put yourself in a stronger negotiating position. Aware of lagging completion times, many sellers are prioritising offers from buyers who are ready to move.

While the market is experiencing completion delays, sales are being agreed in record time (on average 32 days**). So even if you do shake hands on your dream home, if you’re not organised, there’s a risk that the seller will get impatient and walk away from the deal.

If you’ve accepted an offer on your property, you’ll know exactly where you stand regarding budget.

You won’t be tempted to accept a lower offer on your home because you’re desperate to hurry the sale along so that you don’t miss out on your dream property.

For advice on marketing your home to achieve top asking price or for a valuation, get in touch with us here at Grey & Co.

* Rightmove

** Rightmove

Get in touch with us

First Name

Last Name

Your Email Address

Mobile Phone

Are you looking to

Buy

Sell

Rent

Let

Please enter message here

Please confirm that it is okay for us to contact you about this information as well as products and services. (You will always be given the right to unsubscribe at any point in the future)

Confirm

Buying a property in the younger generation: Where Do They Live and What Does the Future Hold?

It’s no secret that the younger generation in Wembley is finding it tough to get onto the property ladder. With the rising cost of living, stagnating wages, and stricter mortgage criteria, it's no surprise that fewer under-34s are becoming homeowners.

CLICK HERE >

Key Things to Look Out for in Next Week’s Budget

After months of fevered speculation, Chancellor Rachel Reeves will unveil her autumn Budget next week (Wednesday 30 October). As the announcement could have important implications for landlords, let’s consider what might be included in it.

CLICK HERE >

Budget 2024 – What Does It Mean for Wembley Homeowners and Movers?

With PM Keir Starmer warning it would be painful, the new government’s first Budget has been hotly awaited for some weeks now. In this article, we’ll look at what the Chancellor of the Exchequer, Rachel Reeves, announced – paying specific attention to what will affect the property market.

CLICK HERE >

7,378 Wembley Homeowners Fallen Foul of Estate Agents ‘Overvaluing’ in Last 5 Years

If you’ve ever considered selling your Wembley home, you may have felt the temptation to list it at a higher price, hoping for a bigger payday. After all, who wouldn’t want to maximise the return on their largest tax-free investment?

CLICK HERE >