How long does it take from sale to completion?
After the announcement of the extension to the stamp duty holiday you might be wondering if there’s time for you to benefit, and how long it can take to sell.
According to Zoopla the average time for an agreed sale to complete has increased from 90 days to now between 110 and 115 days.
To benefit from the £500k stamp duty extension most sales will have needed to be agreed already.
However, to benefit from the £250k stamp duty extension, and to complete by September 30th, a sale will roughly need to have been agreed by 7th June this year.
So, if you’re thinking about buying or selling and the property is worth over £500k then you’ll need to get a move on and keep your fingers crossed that you might be able to complete before 30th June this year. If it’s under £250k then you’ve still got some time, but don’t delay! Speak to one of our experts at your local branch to see how we can get you moving.
Sources: Dataloft and Zoopla
