Quick house sale how to guide

If you need a to sell your house fast, this how to guide for a quick house sale can help.

What a quick house sale service can provide

Trisha Gordon had been trying to sell an inherited property in Northamptonshire for over a year. In desperation she and her husband, Peter, turned to Sell your house fast, a company that specialises in quick house sales. Using the quick online house price valuation form, they were able to determine that their house was worth anywhere between £80,000 to £100,000. A phone call with a specialist from Sell your house fast helped them to determine whether a quick house sale was right for them. The specialist ran through their circumstance to ensure they had tried other alternatives to get their house sold for the maximum price it was worth. Selling a home quickly should be the last thing a family considers as the house price achieved will typically be at a discount to it’s actual value in order to attract investors to shell out the cash for a quick house purchase.

The couple decided to go along with the sale to Sell your house fast as the hassle of selling their home was taken off their hands. The house was costing them due to council tax bills and insurance so when they were offered £75,000 for a fast home sale, they thought that was a fair price. In order to determine the price that could be offered, the Sell your house fast specialist had to visit their home, take some pictures and get a bit more information from them.Quick house sale sold sign The whole process was stress free with no legal fees or other costs to pay. Within a few weeks they had signed the paperwork, a quick home sale went through and the cash was
transferred to their bank account.

 

The quick house sale market

For homeowners keen to sell quickly, a company that offers to buy your house in a matter of weeks at close to its market value can seem like the ideal solution especially when there are no other alternatives. 20% of the homes in the U.K are sold ‘off market’ i.e they are not listed in the traditional house market media for sale. A home owner may choose to sell their property off market for several reasons. They may be trying to maintain confidentiality about the sale, whether for family, personal or business reasons. For example, a businessman may not want to spook their employees or tenants. An owner may not want strangers visiting their house while a celebrity may not want their sale publicised in the media.

Another problem that the traditional housing market has is that the majority of home buyers in this market are buying for residential purposes with use of a mortgage from a mortgage lender. Some properties will not lend themselves to being purchased with a mortgage due to the higher risk that the mortgage lender is put under for repayment of the loan. Risks for mortgage lenders might include poor house construction, close location to a business with high risk of fire, water damage or health hazards or other environmental factors such as japanese knotweed growing in the garden. As lenders are also providing a loan for the purpose of the house being occupied, they will typically refuse a mortgage if the house is not deemed ‘livable’. The poor condition of a property could stop it being ‘livable’ especially if it has no bathroom and or kitchen facilities. For the homes that fall under the category of being unmortgageable, an off market sale might be the only solution to get it off the owners hands. The quick house sale market, therefore, provides a nice solution for the non-traditional house sellers so that they aren’t left in a property sale conundrum.

Quick house sale property market The quick house sale sector represents around 1% of all UK property sales, with total sales of between £500m and £900m. According to HM Revenue & Customs, there were more than 930,000 residential property sales in the UK last year, which suggests around 9,000 were in the quick house sale sector. The OFT estimates an average quick-sale deal was around £100,000. These statistics show that the quick house sale market is valuable part of the property market that is solving a genuine need for the participants. Sellers in this market could include older people selling to move closer to family or to fund care. Some need to sell after a relationship breakdown or a divorce; others want to offload an inherited property or clear debts. Buyers in this market are typically investors looking to get a good return for the money they invest whether institutional or high net worth individuals.

 

Other forms of off market sale

You should only consider using the services of a Sell your house fast specialist if your need to move is greater than your need to sell your house for the best price. If you are determined on a fairly quick house sale at a good price, selling your property at auction is another alternative. Once the hammer falls the bidder is legally contracted to the sale, with the balance cleared within two months. A minimum price can be set at auction, so you do not have to accept any offer. However, home sellers will have to pay auction fees and legal fees, whether or not the house sells which can no doubt be frustrating if you are short of cash. You can make enquiries at your local property auctioneers and check their terms and conditions.

houses for quick saleHere are some tips for potential sellers so that you don’t get caught out when trying to sell your house
– Don’t accept verbal information or promises
– Don’t commit to a sale until surveys and legal checks have been carried out
– Watch out for long tie-ins
– Check the provider company’s background and credentials
– Be honest when answering questions

 

Sell your house fast is here to help

If you need to sell your house fast and you are stuck for alternatives, it’s worth considering Sell your house fast for a quick house sale. We can buy your house directly with cash funds in a timescale to suit you. Whether you need to sell in days, a week or a month, Sell your house fast can help. Submit your details to receive a free valuation for your property and we will be in contact to arrange a no-obligation free cash offer.

Because we have access to institutional investors and high net worth individuals, we have a large amount of cash funds. We don’t need to arrange mortgages for the properties we purchase which inevitably slows the house sale process down. Along with the experience of the team in dealing with solicitors, banks, lenders and people in general, we know how to speed up the house buying process dramatically.

Start your online valuation for a quick house sale here

 

Industry Regulators & Redress Schemes

The National Association Of Property Buyers

Improving standards in the quick house sale industry and offering sellers information required to make an informed choice.

The Property Ombudsman

The official online resource for the UK Ombudsman Scheme for Estate Agents. Includes a searchable database of member estate agents.

Citizens Advice Bureau

The Advice guide website is the main public information service of Citizens Advice, providing people with round-the-clock access to CAB information on their rights.

Competition & Markets Authority

The Competition And Markets Authority promote competition for the benefit of consumers, both within and outside the UK