Fulham is a quintessential suburb of London flanked by green spaces, suave and snug wine bars and calming riverside views. Nestled on the north bank of the Thames, Fulham is encapsulated between Kensington and Hammersmith with Battersea and Putney on the other side of the river. If you are looking for property here, our expert estate agents in Fulham will assist you with a list of excellent properties available and guide you through their extensive local network.
Fulham’s proximity to London with its quiet and relaxed settings, makes it an ideal residential area. The excellent connectivity to the nation’s capital, Universities, and business areas, makes this district attractive and inviting to travellers and families. People tend to spend their time here away from the hustle and bustle of big cities.
The average time taken to sell a property in Fulham each month from April 2022 to April 2023 has been displayed, (Source: Time On Market Report for Fulham)
|Types of Property
Let us carefully look at some key factors which impact the time for the selling of a property.
It is the most significant factor in the time taken to sell a house. An asking price is always determined based on prices of similar properties in the market. This is one aspect completely under your control. Always follow the middle ground, if you overprice your property, you may gain viewings, but it will stay on the market for a very long time, if you under-price your property, you will have a flood of buyers, but you may be at risk of not getting your property’s worth.
The prices should always be accurate and competitive to enable the home to sell quickly and with the best possible price for the property achieved. Making commercial decisions without letting emotional
You have no control over this market. It all depends on the external factors governing whether the market is hot or cold. A hot market is where properties sell quickly, and a property may have many bidders. A cold market is when buyers have higher ground and sellers must put their asking prices at competitive rates to avoid sitting on the market for long.
When the market conditions are not conducive you can put your sale on hold and wait for the situation to get better.
Choice of Solicitors
Your sales progress can be seriously hampered by an overtaxed solicitor, don’t select someone just because they come cheap– usually, they are the ones who will keep you hanging for answers for even the simplest of queries.
Choice of Estate Agents
The approach through which bookings are made for viewings, how well the needs of the clients are catered to and looked after, and the negotiation skills of the agent all have a tremendous impact on the chance of a successful sale.
The choice of your estate agent will influence, the price you obtain, the stress or smoothness of the entire process & how much time it will take for the sale to be accomplished.
Time expected to get an offer
It has been observed that it takes an average of 7 weeks or 50 days to receive an offer that is acceptable for the sale of a property. Sellers usually expect their property to get an offer within 4 to 6 weeks. This expectation gets fulfilled in a hot market (Sellers have an upper hand), if your house does not receive any offer price within 60 days or 2 months, it’s a signal that your house is either put up at an overprice or you have an incompetent agent.
In a cold market, the time duration extends to around 90 days i.e., 3-6 months to get an offer price.
It is imperative to note that this is just an average figure calculated and the real-time it takes for the sale of property in Fulham can vary broadly depending on the independent property and circumstances.