Stamp Duty deadline - here's the last date to market a property in time
Agents in England are told that sellers should market their homes by March 23 - only 11 days from now - if they want to be sure of completing to benefit from the extended Stamp Duty holiday.
Rightmove says that currently the average time for a seller to find a buyer is 65 days nationally, and it takes a further 126 days to go through the legal process to completion. “Based on this, sellers should be looking to come to market by Tuesday March 23rd if they want to make sure their buyers can make use of the tapering end to the Stamp Duty holiday by the end of September” says the portal.
Wednesday of last week, when the Budget was held, was Rightmove’s busiest day ever with visits surpassing nine million for the first time. The number of enquiries the Budget triggered on to Rightmove and then on to estate agents was 82 per cent higher than on the same day in 2020.
Locally, we are continuing to experience an extremely busy market and are agreeing sales, on average, within 2 weeks of coming to market. On the rental side, demand also remains very high.
If you are thinking of selling or letting your property, please contact us for a free market appraisal – 01895 677766 – info@gibsonhoney.co.uk