I’ve lived in Burnley my whole life and have a lot of experience as a real estate agent. I get asked a lot by people looking to buy or sell a home here, ‘how long is this going to take?’ This is a good question because knowing the timeline can make the whole process less stressful. It’s important to know though that the timeline can shift depending on many factors, but I can give you a general idea of what to expect when trying to buy or sell a home in Burnley.
It would be nice if there was an exact number of days it takes to buy or sell a house, but there isn’t. The process can change a lot based on things like what kind of market it is, the type of home you’re dealing with, your own personal situation, and even how good the professionals you’re working with are.
To better understand, let’s take it step by step. If you’re selling a home, the first steps are finding a real estate agent, fixing up your house, and staging it for visits. This might take you a week or a month to complete.
After your house is listed for sale, on average it will take about 10-12 weeks to sell in Burnley, but this could be shorter in a seller’s market. After you accept an offer, there are some legal things to take care of, like exchanging contracts, doing a survey, and getting a mortgage if you need one. From my experience, this usually adds another 8-12 weeks before everything is done.
For buyers, once you get a mortgage pre-approval, finding a home can take 1-3 months. Once you find a home, it usually takes another 2-3 months to handle all the legal stuff, like getting your mortgage, doing a survey, exchanging contracts, and finally getting your keys.
In many cases, people are buying a house at the same time as they’re selling one to pay for the new one. If this is happening, the two timelines can overlap, so everyone needs to communicate well.
It’s crucial to remember that these timelines can change based on your situation. Maybe your house will sell in the first week, or it could take longer than expected to find your dream home. This can be unpredictable, but having a rough idea of the timeline can help you plan better.
So, buying or selling a house in Burnley, like anywhere else, can take varying amounts of time depending on a lot of things like the market, the type of property, your situation, and how well the professionals you’re working with do their job. In general, both buying and selling a home can take anywhere between 3-6 months. Remember to be patient and keep talking to everyone involved to deal with any surprise issues that might come up. Yes, this can feel like a rollercoaster, but with the right information and me, a longtime Burnley resident and real estate expert, helping you, it can be much less stressful and more rewarding.