The Chancellor has given property buyers a wonderful window of opportunity in the shape of a stamp duty holiday but the deal is only for a limited time. Those buying and selling in tandem should act now to stop this money-saving opportunity slipping away.
As we reported in our recent blog on selling property fast in 2020, despite estate agents reporting a very busy property market, real success is measured in the number of sales and how quickly they are completed. If you’re hoping for a speedy conclusion, don’t bank on it as the length of time between listing a property for sale and it legally completing is actually increasing. In fact, new research by estate agent comparison site, GetAgent, found the average time it takes to sell a property is now 144 days – a 14% increase over the last 12 months.
The clock started ticking as soon as the Chancellor announced 2020’s stamp duty holiday. This temporary measure is due to end on 31st March 2021, leaving home movers precious little time to start marketing their own home, find an onwards purchase and complete the conveyancing stages – especially given a property selling in the slowest areas can take over 270 days to reach completion. If you’re counting, there are 242 days between 1st August 2020 and 31st March 2021.
Delays can also be compounded if the property for sale is unconventional – perhaps in a state of disrepair, has a short lease or is complete with sitting tenants. Don’t let this hold your sale back as Open Property has developed a specialism in buying problem properties for cash. If previous flooding, dubious damp patches or signs of subsidence are putting buyers off, come to Open Property for a guaranteed sale and an attractive cash offer.
There is nothing worse than going back to square one when time is of the essence. If you are determined to buy an onwards property within the stamp duty holiday window, we can become your cast-iron buyer - guaranteed not to drop out or renegotiate on the offer price. We can provide you with a fixed cash offer, complete the sale and transfer the money to your bank account within seven working days for the ultimate reassurance.
You can sell property fast with Open Property. Your free cash offer is waiting today, and there’s no need to waste time and money instructing an estate agent. As well as no agency fees, we’ll pay your legal bill and cover the cost of any EPC, if required. Check our FAQ section for the most commonly asked questions about selling to Open Property but we’re here on the phone and email if you’d like to chat with a real person. Get in touch – we’ll ensure you sell before the stamp duty holiday ends.
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