While each property sale is unique, people like to know likely timescales. In the property market, average figures are often significant. A vendor shouldn’t expect to receive the average price for their Petersfield home, but if they are planning, the average sales price for similar homes in their area provides a guideline for budgeting. Similarly, if you want to buy a home, you’ll look at average house prices in an area, and determine if it fits your budget.
Therefore, if you want to know how long does it take to sell your Petersfield home, you should start by looking at average times. Information culled from Rightmove, and HM Land Registry provides a platform to review local selling times, and the data for Petersfield postcodes is interesting.
How long do you expect to take to sell your Petersfield home?
Many of you will have an interest in the GU31 postcode area. This is one of two postcodes covering the Petersfield post town area, playing hosts to areas like Petersfield, Buriton, Elsted, East Hampshire and Chichester. The average time taken to sell property in the GU31 postcode stands at 23 weeks. This is higher than the average in most other local postcodes, so don’t be surprised if it takes a bit longer to sell your home if you hold a GU31 postcode.
According to Zoopla, the average price paid for GU31 property in the past 12 months stands at £505,384.
In the GU32 postcode area, covering East Meon, West Meon, Sheet, Steep and East Hampshire, the average time taken to sell a property is listed as 18 weeks. Compared to the average time of 23 weeks associated with the GU31 postcode, selling your home will feel easier here! A period of five weeks can feel like a very long time when you are selling your home.
In figures provided by Zoopla, the average price paid for GU32 property in the past 12 months is £458,330. The difference in average price paid between the two postcodes may be a factor in the difference in the average time taken to sell a property.
You can speed up property sales
Of course, there are ways you can improve the sale of your home, and it is possible to sell your home more quickly without compromising on the quality of the sale. Steps to consider include:
- Select the most suitable buyer, not necessarily the buyer who places the highest bid
- Price your home accurately
- Enlist the services of a skilled and qualified estate agent with a local agent
The right estate agent has a huge role to play in selling your home and speeding up the process. At Williams of Petersfield, we are delighted to say we have helped many local vendors sell their home promptly. We know the local area, and we know what buyers want, which means we can aid vendors.
This knowledge ensures we assist you connect with buyers, and to sell your home quickly, contact us, and we’ll be happy to help.