Oxford House Sold 🏡

Selling a property requires coordination between buyers, sellers and various property professionals. Knowing typical sale stages provides clarity through what can feel like a lengthy and complicated process. Let's outline the usual timeline. The journey begins with open house viewings and marketing. Discussing property details generates early buyer interest and the first offers may follow strong viewings within weeks if priced appropriately. Once presented an offer verbally, sellers have three main options accept at the asking price, reject or request the buyer increase their bid. Most offers are subject to survey and finance conditions too.  Upon verbal offer acceptance, legal paperwork kicks off as solicitors engage on both sides. An estate agent contract binding sale legally to a minimum commission amount also materializes at this point usually. Formal sale agreements emerge after 2-3 weeks of solicitor negotiations. Buyers submit deposits and searches commence while finance applications undergo underwriting scrutiny. Surveys continue the due diligence during a four to eight week exchange period as property details are scrutinized. Any pre-existing issues emerge and necessary repairs are typically negotiated here. Exchange marks legally binding contracts where deposits are no longer refundable. From here another four to six weeksTargeted marketing and communication maintain momentum while property portals offer nationwide exposure. Once exchange completes, final preparations like utilities transfers and cleaning commence. Around 28 days later on the pre-arranged completion date, funds are settled and keys officially hand over bringing relief after 6 months on average.  Proactive coordination with all parties including buyers' mortgage advisors compresses timelines where possible. Keeping solicitors and agents updated prevents delays impacting target completion dates. Overall, diligent planning leads to smooth sale processes navigating these standard stages successfully.