• Our research indicates that the first two weeks on market are the most critical for achieving a sale.

    In 2018, 20% of all Wirral sales have been agreed within the first two weeks of marketing. Launching a property on Rightmove appears to be the most critical time as buyers eagerly await the next new listing to cast their eyes over. However, if that listing is over-priced in comparison to other similar properties or the photography doesn’t do it justice, it may not have the optimum level of online impact.

    While one-in-five properties will find their buyer within the first two weeks, there are still many which take longer. Properties launched at too high a price has been the primary cause of longer selling times on Wirral this year, with 28% needing a price reduction before finding their buyer. In a more challenging market, it is essential to use an agent who have an in-depth knowledge of your local area to ensure the price is competitive at launch.

    Take a look at the chart below to see how long it typically takes to sell Wirral property based on 2018 transactions:

    Graph shows percentage of Wirral properties sold per two-week time frame after Rightmove launch (Land Registry and Rightmove data 2018)

  • Some buyers approach their existing bank or building society for a mortgage, however they will only offer their own mortgage products and do not compare with other lenders. Consequently, other buyers try to use comparison websites to find the best deals. If you go down this route, be cautious of the speed these deals change – by the time you arrange to get an appointment directly with that mortgage lender they may no longer offer the best deals.

    Most buyers will approach a mortgage broker when they buy property. A broker will guide the clients all the way through the purchase process, plus they have direct access to the lenders to secure the best deals available on the day of application. Brokers also have access to many mortgage deals not available to buyers approaching lenders directly.

  • Stamp Duty Land Tax is a tax that you will have to pay if you are purchasing a property for over £125,000. The rate that you have to pay is based on the property value. You can find out how much Stamp Duty you will pay by typing the value into our Stamp Duty calculator, below.

    Calculate Your Stamp Duty

    If you have any questions or queries about stamp duty, please contact your local branch. We are always happy to help!

  • When you market your property with an estate agent, you hope that the price you ask for is the price your agent achieves for you. Of course, this isn’t always possible. In fact, data we have analysed from Land Registry and Rightmove suggests less than one in four properties achieved full asking price across Wirral in 2017.

    When selling your property, it can be tempting to use the agent who gives the highest market valuation. This may seem like a risk worth taking to ‘test the water’, but buyers could be deterred when there are many alternatives available to them.

    If priced and marketed correctly, there is a good chance of achieving the maximum value for your home. However, as the majority sold below asking price, this suggests many properties were initially over-valued by agents in Wirral last year.

    Whatever the situation, it is important to outline your expectations and work with your agent to achieve an outcome you are happy with. Our best advice is to appoint an agent with a proven track record, who understands the local market.

  • 1. How long does it take to complete and I can move in?

    This will depend upon whether you are buying and selling at the same time, obtaining a mortgage and whether there are any issues with the property. The more properties in the chain the longer it is likely to take. An average timescale, provided there are no unforeseen difficulties, is 8-12 weeks.

    2. What do conveyancers need to know about how I am funding my purchase?

    They need some information to satisfy anti-money laundering rules. If you’re using any of your own money or receiving a contribution from someone else they need to know where the funds originate from and see some supporting evidence. If you’re obtaining a mortgage they’ll contact your Lender to arrange for the monies to arrive in good time for completion.

    3. When are keys handed over?

    When the solicitors ‘Exchange’ contracts a completion date will be agreed. The contract normally states that the seller must vacate by between 1-2pm on that day. Once the seller has moved out they leave their keys with the Estate Agents who will release them to the buyer once the seller’s solicitor confirms the monies have changed hands.

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