Selling A House Quickly
Are you looking to sell your home quickly? If so, then it’s vital that you are proactive and that you work hard to sell your property.
According to research from Rightmove, over half of the homes put on the market in 2010 didn’t sell. So, if you want to sell your property – and sell it fast – keep reading our guide to find out everything you need to know about selling a house quickly.
What Is A Quick Sale On A House?
According to 2013 figures published in The Guardian, the average amount of time to sell a property in the UK is 9.7 weeks. However, many people need to sell their property much more quickly than this.
Perhaps you have financial problems or have been made redundant? Or, maybe you have been relocated to another part of the country or you need to sell after a relationship breakdown?
There are lots of options if you need to sell your house quickly including using an estate agent, marketing the property yourself or using a ‘quick house sale’ company – an organization that offers to buy your house in as little as seven days but at a discount to the full market value.
Realistic Pricing - How To Sell A Home Fast
One of the main ways that you can ensure you sell your home fast is to be realistic with the price. If you are in no rush to sell, you can hold out for a better offer and squeeze every penny from the sale. However, if you need to sell your home quickly you have to be prepared to settle for a lower figure – sometimes even slightly less than you were hoping for. Time may be a luxury you don’t have.
However, don’t simply accept the first offer you receive if it is well below the amount you were expecting. Depending on your personal situation, you may be in a position to reject very low offers until you receive the one you are happy with
How Do I Value My House?
There are a number of ways that you can work out the value of your home.
Firstly, head online. There are plenty of websites where you can research current and historic house sale prices on your street and in your area. You should also compare the prices of properties similar to yours that are for sale in your locality.
You can also ask a number of local estate agents to give you a valuation. Sometimes it is hard to be objective when it is your property that you are selling and so asking a local, independent expert for their advice can help.
Remember that a lower price is more likely to generate a buyer than starting at a higher price and dropping it later on – especially if you want to sell quickly.
Tips For Staging A Home To Sell Quickly
According to Miles Shipside from Rightmove: “The highest level of interest in your property is likely to be in the first week that it comes onto the market. So, first impressions count. You need to make sure it’s looking its best from day one".
Tips for helping make your home sell quicker and be more appealing include:
- A fresh coat of paint
- Clearing up the garden
- Removing any clutter
- Clean the property thoroughly, particularly the kitchen and bathroom
- Tidy up the front of your house, particularly the front garden or driveway
Options If You Want To Sell Your House Privately
According to Channel 4, "selling your home privately has never been easier and puts you firmly in the driving seat for the whole process".
There are now websites that allow you to advertise your home on the internet and you can also benefit from photography packages and cheap ‘for sale’ boards. If you don’t want to head online, consider placing an advert in your local newspaper.
Selling your home privately can be significantly cheaper as you don’t have to pay estate agent’s fees. You are also in control of the transaction and can involve yourself in every stage of the selling process.
Will Anyone Buy My House For Cash?
Yes. Indeed, this method of selling a property is proving to be increasingly popular. Rather than dealing with a huge buying chain, expensive estate agents and leaving yourself at the mercy of the housing market, you can sell your home quickly for cash.
There are lots of reputable and trustworthy house buying companies who specialize in buying properties for cash in a matter of a few days or weeks. These companies can help you if:
- You don’t want to deal with an estate agent and pay their fees
- You need to sell your property very quickly
- You want a guaranteed sale and do not want to risk the property falling through
You should bear in mind that and quick sale for cash may not result in the same sale price as if you sold it on the open market. However, it does ensure that you get a guaranteed sale quickly.
How To Spot ‘Buy My House’ Scams
When deciding who you sell your home to you have to be careful. Two common scams to look out for are:
- A company making you a very high offer for your home and then reducing it at the very last minute when you are most desperate to complete the sale
- People who claim to be cash buyers but are simply passing your sale enquiry to a third party
It is important that you research all the property firms you are considering to ensure that you are happy with the person or organization you are dealing with. Make sure all your questions are answered and seek testimonials if you are unsure. If there’s something you’re not happy with, don’t proceed.
How To Sell A House And Rent It Back
A ‘sale and rent back’ scheme allows you to sell your home to a private company (a business or individual) and then rent it back from them as a tenant. Generally, sale and rent back involves you selling your home to the firm at a reduced price. You then pay a market rent for the property.
According to Thisismoney.co.uk, the biggest disadvantage of sale and rent back is that "homeowners are selling their property for less than it is worth and will then end up paying the equivalent of the new owner's mortgage".
However, the schemes do allow you to sell your property swiftly which may be vital if you’ve lost your job, are struggling to keep up with your mortgage repayments or you need some cash quickly.
Additional Information About: Selling Property Quickly
HouseAndHomesDirect.co.uk Buy Houses for Cash Fast
What Are the Alternatives to Selling Via Auction if I Need to Sell My House Fast?