Brits expect the worst when it comes to home sales, study shows
Brits? Cynical? Never... Picture: Getty - Credit: Getty Images/iStockphoto
We’re a nation of cynics who routinely overestimate the length of time it will take to sell a property, a new study has revealed.
According to research from Zoopla, 55 per cent of British homeowners believe it will take more than two months from a property’s first listing to the time it goes under offer, when the reality is a more efficient 50 days.
To achieve these findings, Zoopla researchers combined a survey of 3,000 homeowners on their expectations around selling a property with their own site data.
They found that Welsh homeowners were the most pessimistic, with 70.7 per cent anticipating a sale will take more than two months when it typically takes 55 days. People in the West Midlands tend to look on the bright side however, with 24 per cent expecting a buyer to commit in under a month when in reality the average time frame is 42 days.
Here in the East of England our expectations are in line with the national average – 54 per cent of people think it will take more than two months for a property to come under offer, while the average is actually 53 days.
You may also want to watch:
Annabel Dixon, spokesperson for Zoopla, said: “Our survey shows big differences in the average amount of time it takes for a property to receive an offer in the UK. Scottish properties are going under offer in just 39 days on average, almost three weeks faster than London.”
Annabel added: “When selling your property, bear in mind that hiring the right agent can make all the difference. They will provide an accurate valuation before you start the sale process, giving you the best chance of receiving the best price and helping pave the way for a swifter transaction.”
Most Read
- 1 St Albans district has Herts' lowest COVID-19 infection rate
- 2 'We are determined to get on top of this, and we will': Inside St Albans' COVID vaccination centre
- 3 14 St Albans things that are gone but not forgotten
- 4 Two St Albans women recognised as inspirational entrepreneurs
- 5 'Heavy snow' expected across Hertfordshire from tomorrow
- 6 Thameslink teams up with community in Harpenden to support vaccine drive
- 7 Blocked drain at St Albans junction still not cleared months after it was first reported
- 8 'Nothing will take away what she has done to our daughter'
- 9 Future of St Albans Half Marathon secured as 2021 date set
- 10 Area Guide: The Hertfordshire market town of Hitchin