Many people relocate more frequently than they first anticipate. This is a crucial result of the Property Academy’s 2021 Home Moving Trends Survey, which Dataloft analysed. While just 13% of house movers intend to relocate during the next five years, the truth is that 28% are likely to do so. Similarly, while a large percentage (36%) believe their new house will be their ‘forever home, just one in four will stay for more than 20 years. According to the poll from over 14,000 home movers, people may regard the pandemic as a trigger for more than 40% of recent house movements.
Houses aren’t generally good short-term investments due to their hefty start-up expenses. The longer you stay in one place, the more likely you are to recoup your transaction expenses and sell for a profit. With all this talk about moving house, how long would it take you to do so? This is something you’ll want to be aware of since there’s a chance you may end up moving house sooner than you think.
How long does it take to move house?
Before you begin the process of buying a new home, you will almost certainly need to complete the phases of selling your present home. Having money from a sale will make the buying process much easier and shorten the time it takes to sell a property.
If this is the case, cleaning up your present home to make it as neat as possible is a brilliant idea, as is maybe hiring a removal agency to assist with relocating any items you wish to preserve. Then you’ll need to get the house appraised to figure out how much money you should be getting. You can do this by looking online to see how much similar homes are selling for or by enlisting the help of a few estate agents to give you a ballpark figure.
How long does it take to get a mortgage?
If you’re getting a mortgage for your new home in Liverpool, this is likely one of the most time-consuming aspects of the process. To get a mortgage on a house, you’ll need to save up a deposit (typically around 10%) and then borrow the rest of the money from a bank, which will make you an offer outlining how much you’ll have to pay back every month. Your lender will need to know the specifics of your financial status, such as your credit score and income.
How long does it take to get a mortgage approved in Liverpool?
This will most likely be determined by the strength of your application and your financial situation. But if all goes well, your application should be accepted in around six weeks.
If you are thinking of moving to Liverpool and aren’t sure where to start looking, give our team at Qube Residential a shout for any queries. A member of our friendly team will be happy to assist you with any questions.
Source: Dataloft, Property Academy, 2021.
