| This report is written for anyone interested in | | | | Selling Fast to Cash Buyers & "Sell and Rent |
| selling their property quickly. | | | | Back" Specialists |
| Selling property can be one of the hardest and | | | | First things first, it is important that you |
| most stressful things you can do in your life. 90% | | | | understand that using a specialist property buying |
| of people sell through an estate agent so it must | | | | company should only be considered if your need |
| offer some advantages. So, should you do the | | | | for a quick sale is greater than your need to sell |
| same? | | | | for the best price. |
| Well, it depends on time pressure you are under. | | | | Typically you find yourself in need of house |
| When selling through an estate agent you will | | | | buying specialist if: |
| normally have to go through these stages: | | | | 1. You are in financial difficulties |
| 1. You need to pay for and complete any | | | | 2. You are being threatened with repossession |
| renovation and refurbishment necessary (2-3 | | | | 3. You would like to sell your property & rent it |
| weeks) | | | | back |
| 2. You will need to conduct multiple viewings (4 to | | | | 4. Your chain has collapsed and you're totally |
| 8 weeks) | | | | desperate to sell |
| 3. If your estate agent finds you a buyer, you will | | | | 5. You need money quickly and remortgaging is |
| need to wait a few months for the buyer to | | | | not an option |
| arrange a mortgage (8 to 14 weeks) | | | | 6. Bereavement or divorce means you need to |
| 4. If the buyer is in a chain, you will need to wait | | | | move-on as quickly as possible |
| for their home to sell before yours can be | | | | 7. You've inherited property that you want to |
| purchase (2-3 weeks) | | | | cash-in quickly |
| This can take between 4 to 7.5 months! That is a | | | | 8. You're emigrating and your property is proving |
| long time! It is a also a sad fact that 1 in 3 chains | | | | difficult to sell |
| break down at the last moment due to buyers | | | | How Quickly Can Quick Cash Buyers Act? |
| pulling out. It only takes one person to pull out and | | | | Exchange of contracts can take anywhere |
| the whole chain falls apart. | | | | between a few days and 3- 4 weeks. Completion |
| How to sell in less than 4 months | | | | can then be fixed to suit you but the norm is |
| However, even with these obstacles in mind it is | | | | completion within 3-4 weeks. |
| still possible to sell your home in less than 4 | | | | How Much Can You Expect to Sell for? |
| months by these following tips (and having luck on | | | | Anywhere between 75-85% of your properties |
| your side): | | | | open market value (80% is the average). Open |
| 1. Get a reliable, reputable agent. | | | | market value is the price a property would sell on |
| 2. Finish off any necessary DIY jobs | | | | the open market within 3 months. This is typically |
| 3. Thoroughly clean and de-clutter you home | | | | less than the price estate agents advertise |
| 4. Depersonalise your house and go neutral | | | | properties at as they expect to make offers. |
| It is worth remembering, "buyers are not looking | | | | So, the main service home buyer service can |
| to buy property. What they're really looking to | | | | offer you is speed and a guaranteed sale. |
| buy is a better life - property just happens to be | | | | Certainty and speed are rare commodities when |
| the way they'll get it" | | | | selling property. For this service you have to be |
| The problems with Estate Agents | | | | willing to sell at a discount. That is why they will |
| In response to many complaints about estate | | | | buy your property between 75%-85% if its |
| agents the Office of Fair trading conducted a | | | | market value. |
| study and found serious concerns over the way | | | | What other benefits can these companies |
| estate agents serve the public.The consumer | | | | provide? |
| group Which? has also conducted research and | | | | A good company will offer to: |
| found evidence of serious violations of the law | | | | 1. Pay your legal fees (up to GBP 500 which |
| and a massive 50% of consumers voicing | | | | normally coversthem all) |
| dissatisfaction over the service received from | | | | 2. Pay any survey and valuation fees |
| their estate agent. They said: | | | | 3. Allow you to stay in the property after selling |
| "Consumers entering the home-buying or selling | | | | (rent back) |
| process are substantially disadvantaged by the | | | | 4. Meet their promises on price and completion |
| way estate agents currently operate" | | | | date |
| Now, in fairness there are some great estate | | | | 5. Adhere to some Code of Practice from a |
| agents out there but they seem to be hard to | | | | recognized body such as the National Association |
| find. Will you be lucky enough to uncover a good | | | | of Sale and Rent Back (NASRB). |
| agent? Are you prepared to pay 1.5 - 2.5% | | | | A Word of Warning! |
| +VAT (i.e. the price of a new kitchen) to find out? | | | | Beware of any company that does not offer the |
| So what it the alternative?? | | | | benefits above. Some companies charge for |
| One of the more popular alternatives if you need | | | | valuation fees regardless whether they buy the |
| a quick sale is using a specialist home buying | | | | property or not. Also beware of companies that |
| company to help you. They can purchase your | | | | string you along and then reduce their offer at |
| property directly from you with out the need to | | | | the last minute when you are at your most |
| go through an estate agent. | | | | desperate. |