House sales taking longer to complete

House sales in England and Wales are facing significant delays, with the average transaction taking 152 days to complete. This prolonged process creates stress and uncertainty for buyers and sellers, increasing the risk of fallthroughs. In 2022, the average time from "instruction to completion" was 133 days, a stark contrast to just 75 days in 2007. The inefficiencies stem from slow local authority searches and overburdened conveyancing solicitors. To mitigate these delays, the Telegraph's Anna Clare Harper says sellers can prepare a sales pack and apply for searches early. Choosing a responsive solicitor can also expedite the process. The author adds: "price is what you pay, and value is what you get," emphasising the importance of selecting a reputable solicitor. 

The Daily Telegraph (30/11/2024)