From fuel to frozen turkeys, everything seems to be flying off the shelves but does that include properties? Many High Street agents are reporting that enquiries, viewings and offers have fallen off a cliff since the last of the stamp duty holiday ended on 30th September 2021.
Even those moves that are in motion are now plagued by slow-moving mortgage lending and conveyancing. And for those who are on the market but not under offer? The outlook is as bleak as Scrooge’s chambers, leading to a crisis in confidence for those hoping to complete before Christmas.
Started in September? You’ve missed the boat
The root of the issue is time. A report by TwentyCi - a data agency that analyses the behaviour of home movers and property purchasers – revealed the time it takes to complete on a sale is lengthening.
In fact, it found half of completions that took place during September 2021 took 17.6 weeks to conclude – that’s from when the sale was agreed to completion day. If you were lucky and you made the cut off point of 20th August, you’ll stand a fair chance of unloading the removal van on Christmas Eve.
For everyone else – those desperate for viewings, in a chain, waiting on mortgage offers or chasing conveyancing solicitors - the painful truth is almost every sale that started after August simply won’t make it across the line this year. Completion will follow in 2022 - that is unless the seller is using a cash buyer.
Pre-Christmas completions guaranteed
Open Property Group is offering sellers a failsafe exchange and completion before Christmas 2021. With completion in as little as seven working days, you could even request your free valuation from us in December and have your sale like your presents – all wrapped up by Christmas Day.
Chain collapsed? Let us help
Agents are in agreement that 1 in 3 property chains collapse before they complete and having your sale fall apart before Christmas couldn’t happen at a more stressful time. In situations like this, Open Property Group can step in and become your guaranteed buyer to save your chain – the greatest gift we give is certainty.
Walk away from estate agents
We are only too happy to step in and take on your sale before Christmas. If you’re locked into a contract with a High Street agent, you can still walk away. Open Property Group will advise you on the best course of action, or come to us when your contract ends and enjoy a swift completion within seven days – no hanging about, no ‘for sale’ board and no viewings.
Here’s a reminder of why sellers use Open Property Group:
- No waiting for mortgage offers – we have immediate access to liquid cash funds
- Short chain – as a professional property buyer, we have no one else above us
- Completion within 7 days – sell to us and comfortably make the Christmas deadline
- No fees and no estate agents – a simple, straightforward sale
- Instant cash offer - money paid into your bank account upon completion
- Complete within 7 workings days - or choose a completion date that suits you
- Sell with tenants or dilapidations – no need to evict or make repairs
- Have you got any questions? We’re available on the phone, by email and in person – we’re even happy to chat via WhatsApp, so contact us today.
Watch the video below which explains more about selling your property fast or click here to continue reading this article