How long will it take to sell a property? Part 2

The time needed to sell a property depends on a great many factors. We discussed some of them in the previous article. Today, continuing this thread, we present further aspects that can shorten or lengthen the transaction process. Enjoy the read.

Success in a quick property sale depends above all on the price, as well as the quality of the flat, house or plot on offer. Presenting the property skilfully in the advertisement is also crucial for the level of interest among potential buyers. The process can also be affected by whether we want to sell the property ourselves or use the help of an estate agent. The latter can prove very beneficial and significantly speed up the sale.

Why is it worth using the help of an estate agent?

If a quick sale of your property matters to you, it is worth considering working with an estate agent. A professional and experienced agent will take care of every last detail of the whole process, so you can get on with your own affairs. It is a very convenient solution. The estate agent will prepare an attractive listing and present it on online portals to reach the largest possible group of potential buyers. Moreover, they will point out any repairs needed before the flat or house is shown to future buyers. They will also run professional viewings or open houses.

However, the agent's remit covers more than the marketing side of selling a property. They will also deal with all the formalities, guiding you smoothly through the entire legal process of selling the property. An estate agent is also useful at the price negotiation stage. Not everyone can haggle on their own in such a situation; an experienced estate agent will do it effectively for you, securing the most satisfactory price. All these activities, carried out professionally, genuinely speed up the process of selling a flat, house or plot. On top of that, they make the whole process safer and more efficient.

Money for the property – when can you expect it?

A very important aspect that also has to be taken into account when selling a property is the realistic date on which payment for the flat, house or plot will be received. It is well known that properties are not cheap and few people decide to buy them for cash. Most interested buyers will have to take out a mortgage. In that case, it may take a while before the transaction is finally completed and the money arrives in the seller's account.

To protect yourself, in such a situation it is worth signing a preliminary agreement (umowa przedwstępna), which is something like a confirmation of the reservation of the given property and a commitment to buy it. After this document is signed, the buyers have to wait for the bank's mortgage decision, which may take up to 8 weeks. Where there is an existing mortgage, the relevant formalities also have to be dealt with at the bank, which is in turn the seller's responsibility. Let us therefore remember that a decision to buy a property does not mean automatically receiving the money. Sometimes all the formalities and the transfer can indeed be dealt with in a few days, but sometimes it can drag on for several weeks. In this case, to get through the formalities painlessly, it is also worth relying on the services of a professional estate agent, who will take care of every aspect and make sure the transaction is completed as quickly as possible.