Selling a property is never an easy task. There are so many different hurdles to overcome to finally get to the completion finishing line. The process of moving home can be made more so difficult when you have an added time pressure. But what are your options in order to sell your home quickly and as close to market value?
This blog intends to look at different property selling solutions to help you get moving quickly.
What are my options?
There are a few options, some may not seem as appealing as others, and some may not work. However our top five tips are:
- Sell to a cash house buying company
- Use a 30-day house sale specialist
- Change estate agent
- Part exchange with a new home builder
Cash House Buyers
It may not of even crossed your mind, but a cash house buyer may be the best route for you.
If you didn’t already know, a cash house buyer is a company that can buy your property in a short time scale as they already have the cash facilities. Usually as part of the service, they will be able to cover your legal fees and can have the money in your bank account in 28 days.
This method is the only guaranteed way of selling your home fast. However, be aware you may not receive the full market value for your property. Generally, cash buyers will offer you around 75-80% of the property’s market value.
Also, be aware. If you decide that this may be an option for you, do your research. There are many companies online that pose as cash buyers and really they are scams. In order to make sure you aren’t scammed, use both the NAPB (the National Assocation fro Property Buyers) or TPO (The Property Ombudsman) website. These two organisations regulate Property Buyers and have property buying companies as members.
Auctions are another solution that may be worth using.
They are on the whole very quick, as completion dates are normally set within twenty eight days after the auctioneer’s hammer goes down.
Bare in mind, that your property may not sell and it may not sell for the market value. Typically, houses at auction sell for 75-85% of the market value.
Again, similar to the property buying companies, make sure you do your research. Auction houses that try push you into the ‘modern method’ may come with expensive fees. So, before plunging, gain knowledge on the auction house you want to use.
30-Day House Sale Specialists
These types of companies are perfect when cash buyers aren’t offering you a price you want to accept. They are also great if your estate agent still hasn’t found the right buyer for your home.
Usually, these companies offer around 95-100% of the market value and works as a fast way to sell your property.
The only thing is, The Advisory (an expert online house seller website) believe you should avoid these types of agencies. According to them, a lot of these agencies are full of false promises and may not be able to fulfil your needs as a customer.
Change Estate Agent
If your contract with your estate agent is nearly out of date, then you could consider changing agents. For those who are using an online or cheap estate agent, then this is definitely a contending idea.
The best way to get your property sold quickly through an agent is to offer your new agent the full fee, but negotiate on getting a short contract.
Now, granted, this may not be the solution to you as this only works if you are buying a new build. House builders such as Redrow and Persimmon only offer this scheme if you are ‘trading up’. This therefore meaning, that not every new build company will offer part exchanging.
If you are buying a new build and you’re considering part exchanging, then should receive between 95-100% of the market value of a property.
I started writing for PPO back in August 2019. I particularly enjoy writing about new housing developments and upcoming property events.