Moving home: Expectation vs reality

Moving home: expectation vs reality

Buying a property is an extremely exciting time, although it can also be stressful due to a number of different factors involved in the sale of a property.

Whilst most people would like to have a sale completed quickly, it’s important to keep in mind that things may not always go to plan. 

Properties continue to go under offer more quickly than before the pandemic, but the time taken to complete a sale has risen. Conveyancing delays remain a significant issue.

In 2019 a survey of home movers found 55% of sales completed within 3 months. This fell to 45% in 2021. Early indications from the 2022 survey suggest that the proportion has continued to drop.

Managing expectations is crucial. For most buyers the process takes much longer than they expect. 86% of respondents to the 2021 survey expected to complete their move within 3 months. 

For buyers in the market now, the 'move in for Christmas' date is fast approaching.

Source: Dataloft, Property Academy, 2021, based on a survey of 16,000+ home movers

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