Sometimes a situation arises that means you need to sell your property quickly. If you’re in the situation where you need your property off the market as soon as possible, you might be wondering what you can do to make this happen. Although there are not many sure fire ways to sell a property, there are a ways you can help your property sell fast.
Fastest Ways to Sell a Property in the UK:
1. Use a Cash House Buying Company
This is one of the simplest and fastest ways to sell your house. The process of using a cash house buying company is simple and stress-free. This is one of the only ways to sell a property that is 100% guaranteed.
Cash house buying companies are often used by those having trouble making mortgage payments or as part of divorce proceedings or repossession.
Advantages to a cash house buying company include the fact that there is no fee for estate agents or commission. There is also no need to sign an agency agreement or have photos of the property taken. Additionally, solicitors’ bills are often paid for by the company. This means you are cutting out a lot of the costs associated with selling your property.
However, you need to expect to receive a discounted percentage offer. Properties sold through cash house buying companies often sell for around 75 to 80% of market value. Although, if speed is your main concern this could be your best option, as many companies can have cash funds in your bank account within 28 days.
Cash house buying companies tend to accept properties in all conditions, although properties over £500k are often not suitable.
Finally, if you choose to use a cash house buying company, be careful. There are lots of scams and fake companies so make sure you do your research carefully.
2. Sell Your Property at Auction
Selling your property at auction is a popular choice for those looking to sell their property quickly. This option is ideal for properties that need a lot of work or might be in a less than ideal condition. Completion dates tend to be set at 28 days after the property is sold at auction, making a very fast way to sell a property.
However, finding a buyer is not guaranteed and properties often tend to sell at 75% to 85% of market value.
3. Opt for a 30-Day House Sale Specialist
A 30-day house sale specialists is ideal if a traditional estate agent has failed to find a serious buyer, a cash house buying company won’t offer you a reasonable price or you’re looking to sell fast for close to 100% of market value.
30-day house sale specialists can offer a great solution to those looking to sell quickly without losing a large percentage of market value. However, it can be difficult to tell the difference between successful specialists and those who just promise a lot. Do your research carefully and ask the agent you speak to about their track record for sales.
If you’re using a successful agent, they should be able to find you several potential buyers for around 95% to 100% of market value.
4. Change Your Estate Agent
This option is definitely worth considering if you are out of contract with your agent. If you are currently using a cheap online or hybrid agent it could be worth looking into a different estate agent. Changing your agent often means you do not need to reduce your asking price. When you start working with a new estate agent, offer the full agent fee but negotiate a short contract of 4 weeks or less. It is important that the estate agent knows that speed is of the utmost importance to you.
5. Bring in a Second Estate Agent
If you are currently in contract with an agent, you might want to consider bringing in a second estate agent. This is known as a multi-agency approach. It’s worth noting that your current agent will have to agree to bring in a second agency, but if this approach is done right it can make traditional estate agents work harder. Using multiple agents will not only increase the chance of you selling your property quickly, but it also means you are more likely to get the best price. However, you should expect your agency fees to rise if you choose a multi-agency approach.
6. Bring Down Your Asking Price
Bringing down the asking price tends to be a last approach for anyone looking to sell their property. But if speed is the main thing you’re looking for it could be worth considering. Only bring down your asking price if you are unable to change agency or bring on a second estate agent. If you’re selling in a cold market, even dropping the asking price does not guarantee a sale.
