House selling stats - that may surprise you*

51.8% = Percentage of home sellers that fail to sell within 10 months.

1.18%+VAT (1.4% inc.VAT) = Average estate agency commission (sole agency / no sale, no fee).

30% = Percentage of transactions that collapse before exchange of contracts.

£2,899 = Average amount a home mover will lose through having a transaction collapse.

35% = Percentage of homes currently for sale that are ‘price reduced’.

<5% = Percentage of UK sellers that use online / hybrid estate agents.

35-40% = Percentage of sales that were successful only after a change of estate agent.

10 = Average number of viewings it takes to achieve an acceptable offer.

Endemic = The practice of ‘deliberate overpricing to win the instruction’ within the estate agency industry.

Don’t be a statistic if you can avoid it. Get in touch for a less-stress sale.

*Courtesy of www.theadvisory.co.uk