If you want to take advantage of the stamp duty holiday, you may think you have plenty of time to sell your property before the 31 March 2021 deadline. But when you factor in the average time it takes to complete on a property once an offer is accepted, 12 weeks, the March deadline doesn’t seem too far away. Even more so when you consider that figure doesn’t include time for your own property search or any of the common hurdles along the way.
Why this date?
Selling a property is a complicated process, with several stages and multiple people involved to get through the whole process to completion.
According to data from ViewMyChain.com, receiving an offer once the property is on the market can take around ten weeks, your buyer arranging a solicitor can take well over a month and arranging their mortgage can take up to six weeks, and that’s just a few of the tasks the buyer has to tick off. The solicitors, surveyors and estate agent will also all have their own tasks to complete before the job is done. When all combined, the average time it takes to sell a property from going on the market to completion is six months.
With this in mind, you should give yourself plenty of time to sell your property so that you have the best possible chance to take advantage of the stamp duty holiday. By getting your property on the market by 26 September, you will do just that.
Are you looking to sell? Now could be a great time to take advantage of the demand we are currently receiving. We would love to appraise your home, discuss our services, and let you know what we can do to help get you moving in 2020. Please call our Customer Care Team on 0121 296 1400 for further information or book a valuation online https://www.green-property.com/page/request-a-valuation.html.