With the property market lagging, the average time it takes to sell property in the UK is steadily rising, resulting in more and more houses sitting on the market. This can have dire consequences for home owners who need to sell their property quickly. Thanks to record unemployment and the erosion of real wages, more people are struggling with debt and their mortgage repayments, with interest rates set to rise, this only looks set to worsen. For those people facing repossession, a quick sale of their property is the only way to pay off their debts and avoid bad a credit rating.
In a stagnant housing market how can you sell your property fast?
The answer lies in cash property buyers. These firms can offer you cash for your house, because there is no chain you don’t have to wait for other sales to be completed and once you accept an offer the sale can be completed in 7-28 days. Some companies even boast being able to offer a completed sale within 24 hours. Using cash property buyers speeds up the selling process far beyond the capability of the high street estate agent, because they understand that speed is your prerogative a quick, hassle-free sale is guaranteed.
How do I find a buyer for my property?
Thanks to the Internet there are a whole host of websites, which can be searched to compare quotes and offers for your property. These could consist of companies that offer you the cash themselves or companies that carry a database of buyers ready with cash such as investors and landlords. A lot of these companies are looking out for themselves and are trying to maximize their own profit. Use a website that is clear and transparent with its costs, asking for no money up front, giving you the option to turn down offers if they don’t meet your expectations and listing a clear breakdown of fees.
What fees will I have to pay if I sell my property quickly?
The beauty of using a quick-sale firm is that you avoid going through an estate agent, therefore you avoid hefty estate agent fees (sometimes as high as 4%), solicitor fees and survey fees. The downside is that you will be looking at selling your house for around 70-75% of its market value. If you shop around you may be able to find a quick sale of around 90-100% although there are lots of factors to consider. The most important question to ask yourself is are you prepared to get less for your property in order to ensure that you sell your house quickly? If you are facing mortgage arrears and repossession then most likely, your answer will be yes. The price that you will be paying is a reflection for the unique service that you are receiving.
What are the other benefits of selling your property quickly?
There are many reasons why selling your property quickly may become a priority, they could be financial, or they could be emotional, a bereavement or a divorce. Either way this process ensures a fast, hassle-free process that minimizes stress and avoids the lengthy process of using an estate agent. Not only will your property be sold quickly but companies can offer a completely confidential service, with no ‘For Sale’ signs, no viewing and no public marketing. With complete discretion a fast sale can release the equity in your house, stop repossession and give you back your peace of mind.
When the worst hits you can sometimes feel like you’re trapped, but the truth is there are always options. Consider a quick sell company for your house and consider all your options. Often in stressful situations a quick sell company can offer benefits that money simply can’t buy: elevating the stress of a long drawn out house sale and enjoy the quiet discretion of a house sale that isn’t on the public market.