Analysis by park house promoting specialists Quickmove Properties, has proven that whereas the bricks and mortar market could also be cooling, with gross sales on the open market enduring prolonged delays, these opting to downsize to a park house can reduce the common time of their transaction by 122 days, when part-exchanging their current house.
The analysis from Quickmove Properties reveals that, at present, the common bricks and mortar house is taking 136 days to promote, resulting from more and more tough market circumstances. The info from Quickmove Properties additionally reveals that it takes a mean of 13 property viewings till a purchaser is secured on the open market.
Nevertheless, one technique that many silver downsizers are utilising with a view to bypass this market uncertainty and the present prolonged transaction occasions is by part-exchanging their property.
In doing so, they can scale back the time it takes to promote their house to as little as two to 4 weeks, that’s a possible discount of 122 days.
In relation to the most typical property kind to have been part-exchanged by way of Quickmove, terraced houses prime the desk, accounting for 26% of all properties.
Semi-detached householders are additionally utilising the part-exchange path to promoting, accounting for 25% of all market exercise, adopted by those that personal bungalows (23%) and indifferent houses (17%).
Gross sales Director at Quickmove Properties, Mark O’Dwyer stated, “Property Half-Trade is changing into an more and more in style path for a lot of sellers who need to downsize to a park house and, in doing so, they’re reaping the advantages. The first draw is the pace and safety it offers, in addition to the handy, hassle-free course of.
Because the bricks and mortar market has began to sluggish and the panorama has change into more and more unsure, the chance of delays and transaction fall-throughs has elevated.
Half-exchange helps to negate these points, lowering transaction occasions and avoiding the infinite viewings till a proceedable purchaser is discovered. It offers a sure sale and the peace of thoughts for these shifting to their dream park house.”