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If you’re looking for a fast house sale, you’re in the right place. We know that selling to a quick sale company doesn’t appeal to everyone, which is why we’ve gathered some information about how these sales work, along with other options for you to sell quickly. Selling a house is a huge decision, and you want to make sure that you’re picking the right method for you. We Buy Any House have looked into different ways for you to sell fast so you can decide which will suit your situation best.
Selling to a quick sale company is generally the fastest way that you can sell your house. The timeframe will vary somewhat company to company, but if you look at We Buy Any House, they can buy your house in as little as 7 days - which compared to the average sale on the open market that takes over 6 months, is an incredibly speedy process. These quick sale companies are popular with homeowners looking to sell quickly as they are less risky than selling on the open market, as the company isn’t in a chain and relying on another sale to complete buying your house. They will usually be cash buyers who can add security to your sale, and get things moving much faster.
Another benefit of selling to a quick sale company is that they will usually take care of your legal fees. When you sell your house, there are all sorts of hidden costs, but quick sale companies tend to pay these on your behalf, making things easier for you. If you’re not sure if the company you’re looking in to offer this, you can easily ask, or go elsewhere to somewhere that you know does. Some unreliable quick sale companies will have hidden fees in place, but trustworthy companies like We Buy Any House have no fees and will cover the legal costs for you.
The negative that homeowners focus on when looking to sell to a quick sale company is that they will offer under market value. While this can be seen as negative to homeowners looking for their full value, quick sale companies are able to exchange money for time. This means that instead of sitting on the open market for months on end, having to pay the mortgage and other running costs, you can sell much faster for a lower price. Homeowners often find that this balances out, making the saved time worth a reduced offer.
2. Selling at auction
Selling at an auction can be a great option for some homeowners, as it’s another fast way to achieve a sale. Selling at auction is popular for homeowners that have a house in a poor condition that won’t be approved for a mortgage. Investors and builders are likely the buyers that you’ll find at an auction, who will take your property and renovate it to either sell it on again or to be fit to rent out and create an income.
Auction sales are also legally binding, so your buyer cannot drop out of the sale once the auction is over. This appeals to some homeowners as one of the biggest risks of selling a house is it falling through because your buyer drops out. Having this bind appeals to homeowners as it gives more security for their sale.
One of the biggest downsides to selling a house at an auction is that you have no guarantee of a sale, and no control over the price if you do sell. You may get lucky and have a bidding war start on your property, but there’s no guarantee of this. If you’re selling at auction, you’re likely going to receive a lower price, but it’s a fast process which is what appeals to homeowners wanting to sell their house in a short time period.
If your house is already on the market and you’ve struggled to find a buyer, but you want to stick to the traditional route of selling, there are still options for you.
3. Change your estate agent
Selling with an estate agent is the way that most homeowners think to sell their house, as they don’t think about auctions or quick sale companies. Generally, selling on the open market with an estate agent is more common, but a much slower process than the alternatives. Homeowners can find themselves waiting for over 6 months to sell, which for a homeowner in need of a quick sale can be devastating. There are ways that you can help to speed up your sale if you’re keen to stay with an agent, though.
The first thing you should do is to look at your listing for your house. Potential buyers will usually make a decision about your property by the advertising photos, so if these aren’t the best quality, you can lose buyers before they even get through the door. You can have these photos redone, and make sure that your house is as well presented as it can be before they are taken to give your potential buyers the best possible impression when they see your listing.
Another option is to look at other houses for sale in your area that are a similar size to you. See what their advertising is like, if they have any key features that set their house apart, and most importantly, what their asking price is. One of the most common reasons that potential buyers are put off a property by is the asking price, as if they consider it too high they might not want to go through several negotiations with you to get the price down to what they’re willing to pay. Estate agents will almost always list your house higher than it’s worth, as most buyers will put in offers below that, but asking for a higher price is a risk as it can put buyers off, especially if there is a similar house in the area that has a lower asking price.
Selling with an estate agent tends to have more fees to it, such as the legal fees, your agents’ fees, as well as any conveyancing fees, and it is slower than the other ways that you can sell. Knowing the positives and negatives of each option will allow you to pick the one that suits you most. If you’re looking for a fast sale with no hassle or hidden fees, then get in contact with We Buy Any House. We can provide you with a free cash offer and buy your house in as little as 7 days.