You want to sell your house quickly. Looking at the news headlines this is easier said than done in the current economic climate. However, there are options available.
These are will depend on key deciding factors: How much do you want or need a quick house sale? How much are you prepared to pay others to sell your house quickly? What flexibility you have in the sale price? And finally, how much control you want over the sale?
Here are the main options:
• Sell your house through an estate agent
Pre housing market crash this was the preferred method of house sale. 90% of homeowners chose to use them. Most estate agents will typically charge between 1.5% and 2.5% of the sale price plus VAT.Alternatively, there are online estate agents which, though subject to the same rules that govern traditional estate agents, but offer a cheaper service. This is normally around 0.5% to 0.75% of the sale price, though you will need to do more of the work yourself, like showing prospective buyers around the house.
• Sell privately
There are a number of private sales websites around that can help you sell your home. Prices depend very much on the level of service you require, but you should be able to list your house for under £200.While this is cheaper than using an estate agent, private sales sites will not market your house like an estate agent, and you will need to put a lot of work in yourself.
You could place an advert in a local newspaper. This is a fairly low cost option but difficult to achieve a successful outcome as one advert does not attract he same attention as established property website advertising which is available to a wider audience to view.
• Sell at auction
This is one way of securing a quick house sale, as a deal could be concluded within a month of the auction date. You will typically pay 2.5% of the sale price for this. However, bear in mind that you must list the property with the auctioneers several weeks before the auction day and pay a fee of typically £200-300 on listing. Property auctions do not happen every day of the week and there is no guarantee that the property will sell on the auction day. In fact, a recent article published in The Guardian stated that average sale prices at auction have fallen 23% since last year. Plus the success rate of achieving a sale at auction has fallen. This is largely due to the lack of credit in the market and distressed sales. Generally, auctions are used to sell properties in disrepair, those that cannot be sold through an estate agent and homes that have been repossessed.
• Sell to a cash buyer
While you will not receive the perceived full market value for your property with this method, this is an excellent way to secure a fast house sale on terms that suit you.If you need to move quickly for new employment, emigrate, and need to stop the repossession process, this is one way to solve the problem quickly, and, though you may have got more for the house through an estate agent, you will not have to wait months for a possible sale. The sale can be concluded precisely to fit your timescales.
Molae Properties are specialists in property cash buying. Our clients situations range from those simply looking for a quick house sale to those who are, relocating or facing repossession. We are able to buy your house quickly a deal can be agreed within 24 hours and concluded in a matter of days. Plus we can offer flexible terms to suit your needs such as delayed completion dates.
Visit our testimonials page and the FAQs to see how our service works in practice.Alternatively please call freephone number 0800 634 5892 to discuss, without obligation.