A recent report tells us that the average seller can expect it to take just over three months to find a buyer for their house. The period varies across the country. For example, in Edinburgh and Glasgow, houses spend just 41 and 50 days respectively on the market, whereas in Liverpool and Belfast houses typically take over 100 days to sell.
If you are thinking of selling your house, then do discuss with your estate agent the likely timescale for a sale. Try to get them to explain how long it takes, on average, for a property they market to sell. There are all sorts of different estate agents with all sorts of different skills. We have dealt with most of them over the years and will be happy to discuss with you, free of charge, which agent might be suitable for you.
In a separate report, figures from the Land Registry reveal that property prices across the UK continued to rise throughout 2017. This includes Cornwall where the average price sits at £227,929 which is an increase of 7.64% over 2016. You can find more by looking at the Land Registry website (https://www.gov.uk/government/news/november-2017-price-paid-data), but, for example, properties in Bodmin sell for an average price of £182,678 which is cheaper than Par (£192,763), Lostwithiel (£243,957) and Wadebridge (£266,221). The majority of sales in Bodmin over the past year have been terraced properties fetching an average of £146,109 with detached houses having an average price of £260,471. Semi-detached properties come in at an average of £158,988.
If you are thinking of selling or buying, having a look at the report would be a good idea.