In an ideal world a freehold sale could complete within six weeks; a leasehold sale takes longer – a minimum of eight to 10 weeks.
The current property market is far from ideal, however, for the speedy purchase.
How quickly can house sale go through?
There are certain factors that can speed up or delay the completion of a house purchase/sale, but ordinarily we would expect a straight forward transaction to complete within 6-8 weeks of the sale/purchase being agreed and solicitors being instructed.
How long does it take to sell a house from offer to completion UK?
Key takeaways. Most pundits will tell you the average time from offer acceptance to completion should be around 12 weeks (85 days / 2.7 months). And indeed, typical timescales across the UK range from 12-21 weeks (85-150 days).
How long does it take for an offer on a house to be accepted?
It depends—but it’s usually around 48 to 72 hours after the offer is submitted. A standard real estate purchase contract specifies how much time a seller is given to consider and act on an offer. But the timeframe can be much longer if a bank is selling the property, such as in the case of a foreclosure or short sale.
How long does it take to buy a house UK no chain?
On average Conveyancing takes around 12 weeks, but this can be much shorter, with some transactions completing in as little as 4 weeks.