If you’re in the midst of selling your house, and you’re feeling disheartened as multiple viewings have not yet turned into an offer – don’t give up just yet.
We know the wait can be agonising, especially if you’ve already eyed up your dream home –we know it can take a few attempts to get the right person to put down that offer.
By knowing the average amount of viewings to sell a property can help you work out how long you might have left before you get that long-awaited sale, and if your property is positioned right in the current market. If you have already exceeded this mark and interest in the property is dwindling, it might be time to speak to your estate agent about adjusting the purchase price.
According to figures, it takes around 10 viewings on average to sell a property. But this depends vastly on the type of property and current market climate.
Markets are split into hot and cold markets. Hot markets refer to when there are lots of buyers interested in the few properties available at a given time, driving the average number of viewings up due to the scarcity. In a hot market, it takes 11 viewings on average to sell a house.
Whereas a cold market is when buyers are spoiled for choice and the average number of viewings dips as a result. In a cold market, it takes 9 viewings on average to sell a house.
How many viewings in the first week?
Property experts say when your property first goes on the market you will get the most enquiries and viewing requests. Estate agents are also likely to promote your property as it is new, to encourage interest.
1-2 viewings are typical for the first week on the market.
How many viewings should you expect overall?
On average you should expect 10 viewings overall, but hot market sellers may see more than 20 viewings per property, while cold markets can peak at around 15.
However, averages don’t work for everyone and plenty of people sit outside the typical trend so this may vary.
How long do house viewings take?
Depending on the size of the property, a typical first viewing should take 20-30 minutes, to give potential viewers enough time to explore the property’s interior and chat with the estate agent. It is also recommended that viewers spend time outside to check out the exterior condition.
A second viewing may take longer, sometimes more than an hour, as viewers may want to look at the property in more detail and examine and potential issues. They may also want to take measurements or map out any plans they might have.
What is the average time from viewing to offer?
Data suggests that most properties go from viewing to under offer within 4-6 weeks, but it can be much sooner. Buyers in hot markets may make offers in person during your viewing, meanwhile, others may go away and view other properties before coming back to you.
Further reading
Selling – Oakwood Property Solicitors
WHAT TO DO NEXT
To make a start on the next step in your property journey, get in touch today to book a consultation with a member of our team. Call us on 0113 218 5727 to find out how we can help you.
