How To Sell My House Quickly

Corine Smith asked:


Are you currently in a situation were you are thinking about how to sell my house quickly?

Have you thought about using a cash buyer but have concerns about going down this route, and consider cash buyers unethical and out for what they can get?

Then let me alleviate your worries by taking you through the process of a cash sale.

Many, but not all, cash buyers are completely ethical and generate business from previous client referrals and testimonials, using a win-win approach. A win-win approach means that you both you, and the cash buyer, come out of the transaction satisfied that you have achieved your own goals.

But before you proceed with a cash buyer, you must first consider the following.

Is your requirement to move greater than your need to get the best price for your home? If you can answer yes to this, then you should consider using the services of a cash buyer. Typically this would be in circumstances such as:

· Bereavement

· Chain Breaking

· Ill health

· Debt

· Divorce

· Relocation

· Moving abroad

· Retirement

· Repossession

Sale and rent back

Inheritance

By seeking out an honest and professional house buying company, you may get a provisional offer on your home within hours, and have made that important fast sale within the week, or at least within a time frame that is acceptable to you.

The ultimate advantage this way of selling has over the more traditional methods, such as using an estate agent or through private sale, is that the sale is both fast and guaranteed. Speed and certainty are generally not common features within the housing market, therefore because of this, you will pay for this service by selling your property at a discount.

So what sort of discount should you expect to sell at? Many cash buyers offer anywhere from 65% to 85% of the open market value of the property. Realistically, and speaking from experience, a cash buyer will need a discount of around about 82% simply ‘to make their figures work’. That is, both cover their costs and leave them with an adequate, but not excessive profit, for the future upkeep of the property. Be aware that you understand that the open market value is not the same value that the estate agent would put your house on the market at. Open market value is what your property will actually sell for, if you were to ask the estate agent to sell your property within a 10 week time frame.

Should you expect to pay any additional costs other than the discount when selling to a cash buyer? Definitely no! If the cash buying company you decide to go with asks you to pay anything towards a surveyors valuation, or solicitors fees, or fees for providing the service, then I suggest you walk away. I would advise that you choose the type of company that will pay your legal fees, one that considers YOU and your situation throughout the process, and one that is concerned about making the transaction as cost free for you as possible.

There will be companies out their waiting to take advantage of your situation, and will even offer you as low as 50% for your property. It is imperative therefore that you always go with a reputable company, taking into account all of the above. On a positive note however, once you do find that trustworthy company, then selling your house to a local cash buyer can make perfect sense and alleviate those how to sell my house quickly worries!

Selling A House?

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