I often get asked how quick can a cash sale take to complete? In short, a cash sale will go through a lot quicker than a mortgage buy because:
- the buyer doesn’t necessarily have to complete a survey
- the buyer doesn’t have to wait on mortgage approvals,
Whereby a non-cash sale can take longer to complete because all of the above have to be carried out.
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If the buyer doesn’t want searches, then this will also speed the process . And I’ve seen some of these sales complete quite easily within 14 days. Some can even complete in two or three days.
Although that can be a little bit more difficult in this day and age.
Because buyers and sellers alike have to go through the compliance process, the money-laundering process. And that does take time, unless they have all of this in place, which is rare. That can sometimes take upto a week when factoring in postal delivery times too.
Realistically a can sale can take 14 days to complete.
If the buyer is doing searches, then you’re probably looking at about 28 days.
I hope that helps. If you’ve got any questions, my number’s 0191 486 2386.
About Richard Mews
Richard has 31+ years of property experience, has been Chairman of several regeneration committees and has helped more than 600 homeowners and landlords get easy, stress-free personal solutions for selling their property. Richard’s goal is to give you unbiased help to receive a quick house sale, even if that means not working with him.
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