16/06/19
Why should it take 6 months to purchase a home
It takes buyers six months and 24 days to purchase a home, research claims.
A poll of 2,000 UK home owners by virtual tour technology provider Matterport, assessed the average time it takes to buy a house from browsing, to viewing, making an offer, exchanging and completing.
It discovered the lengthiest part of the process is exchanging contracts – which can take up to 25 months in some cases, but five months and ten days on average.
When starting the home buying process, potential buyers will look at more than 16 homes online across a period of just under 20 hours.
On average, buyers view their future home three times before making an offer, and take three friends or family members with them to help make the decision.
Once the purchase has been agreed, a further 24 days are needed to secure a mortgage offer, and three days to get a solicitor on board. However at Fitzjohn sales and Lettings we have 3 in branch Independent Mortgage advisors who can give you Free initial advice on any potential purchase, We also recommend local solicitors who can provide you a quotation for any sale of purchase, this and having a dedicated sales chaser pushing your sale/purchase allows us to get your transaction through under 3 months.
