As jobs in the City continue to fall there is an increase in the number of people who are looking to relocate out of London.
Many individuals and families are seeing this as an opportune time to reassess life plans. For those looking to remain in the UK the lure of the countryside is proving very attractive. Lower house prices, more space, work/life balance and strong state schools are all significant pull factors.
In addition, a significant number of people are relocating home as the party in the city is over for the time being. The influx of workers from around the world i.e. Australia and Europe are making their way home.
The question arises how to sell your house quickly in London? With continual depressing headlines regarding house prices and the continued speculation over the housing market for years the conundrum to either sell up or rent out arises?
Relocating is often an exciting period but none the less a stressful process. Houses, furniture storage or packing, schools, financial affairs, employers new and old, even the family pet all have to be dealt with.
Dealing with the house is often regarded as the most stressful and costly decision to make.
Renting could be a great option if you are looking to return in the near future. It also means that you can move swiftly as the rental market is currently buoyant. However, anecdotal evidence suggests rental prices at least for family homes in many areas of London appear to be falling as there is an increasing number on the market which aren’t selling. It is also difficult to manage a rental hundreds or thousands of miles away, and a stress that you won’t really want when settling in to pastures new. Renting also means that your funds are tied up.
If you are trying to buy a house in the new location, you want to ensure that your house will sell quickly and without endless complications. With the best will in the world that is impossible to guarantee when using a traditional estate agent.
A possible solution is to sell at auction or secure a cash buyer. The plus of a cash buyer is that you retain control over the sale and the offer price is guaranteed.
Ultimately, you will need to balance the cost and stress of not selling the house. Not selling may mean additional furniture storage costs, management charges and a further fall in the value of the house. Selling to a cash buyer is likely to mean receiving an offer up to 80% of current market value – that is the downside. The upside is it is quick, guaranteed and you can leave with a clean slate and no further costs and hassle.