ARTICLES!
QUICK PROPERTY BUYERS?
- What Is The Best Way To Sell My Property?
- How to sell your house quickly?
- How can I tell if a cash buyer is trustworthy?
- What will a property buyer offer for my home?
- Different ways of selling your home quickly
- Houses bought for cash: does this really happen?
- How much will it cost to sell my home?
- Quick house sales and where to get them
- Sell my house fast: here are a few options
- Will anyone buy my home?
ESTATE AGENTS?
- Recommended Estate Agents
- 10 things you must know about Estate Agents
- Shall I choose the cheapest Estate Agent?
- Do I need a Rightmove Estate Agent?
- Can I trust an Estate Agent's valuation of my property?
- Are there any good online Estate Agents?
- Choosing an asking price that draws in buyers
- Do I need an EPC to sell my property?
- Does my Estate Agent need to advertise my property for sale in the local newspapers?
- Do I need to use a local Estate Agent to sell my house?
- Finding the best Estate Agent
- How do I choose the best Estate agent to sell my home?
- Shall I sell my home privately or sell using an Estate Agent?
PROPERTY VALUATION?
- Free online house valuation
- How to add value to your home
- How to value your property
- How you can use house price data to accurately value your home
CONVEYANCING?
- What is property conveyancing?
- Property conveyancing process for a house seller
- Property conveyancing process for a house buyer
- What about DIY conveyancing?
- How do I go about choosing the best conveyancer?
- Property conveyancing glossary: A guide to the commonly used terms in conveyancing
HOUSE REPOSSESSION
- Repossession process explained
- Ways to stop a repossession
- Where you can get help if you're facing repossession
- Mortgage Rescue Scheme
How To Sell Your House Quickly
How To Sell Your House Quickly?
Selling a house using traditional methods can take a long time and can be full of last minute hitches and glitches. For example, everything can be progressing well and then at the last minute your chain collapses, or someone just pulls out, or your survey results are bad and the buyer declares that they are ‘Out’.
Or you could be facing repossession or even eviction. If this is the case then you may need a fast sale for your home. You may have heard that this cannot be done and that you will only get around 60-75% of its value.
It is important to recognise this. You simply will not achieve getting 100% of the value of your house if you sell it really quickly. This means that you should only sell your house on a really fast basis if you really, really need to move. If you don’t need to move then simply stay put and sell your home through an Estate Agent or privately.
Specialist Fast Homebuyers
Some homebuyers actually specialise in buying back homes from people who are facing repossession or who cannot keep up with the mortgage payments. These will buy your home for around 60-75% of its value, with some being able to offer 80%, but it is important to investigate this prior to simply assuming that you will realise 80% of your home’s value. This does not happen all the time and it is important that you stay realistic.
Remember that the true value of your home is only what someone will pay for it at the time. So if your home is valued by an Estate Agent at £500,000 but you are only getting offers at £375,000 and a quick buying company offers you a comparable figure, then the £375,000 is more realistic of the true value. There is no point having a house that is (on paper) worth £500,000 if no one will pay that amount.
Sell and Rent Back
Sell and rent back companies allow you to sell your home to them and then rent it back. This means that you don’t have to move, can keep the kids in school and in fact no one really needs to know that you have had problems. So in that sense it is a really good way to sell your home quickly. Make sure the company is FSA registered as this is now a legal requirement.
How Long Does It Take?
You can sell your home like this within about a week to a month maximum, so it can be done very quickly and very efficiently. You do have to take care to ensure that you use a reputable company and that you are aware that you will not realise the full value of your home in many instances, but at the end of the day, you can avoid repossession and you get something for your home, so it is definitely worth considering as an option!