Selling your house can be pretty tedious and can take a long time. According to Zoopla, it takes around 25 weeks on average to sell a home in the UK, with the most extended wait being even up to 34 weeks. However, we’ve compiled a list of things you can do to reduce the wait and sell your home for cash fast.
Price Your House Below Market Value
If your home is cheaper than similar ones on the market, you will get the attention of buyers immediately. So, if you are in a big hurry and don’t mind underselling your home, this method could bring you fast results.
All you need to do is hire an agent to provide you with the latest market data for your area, or you can get it on your own and list your house at a lower price than the average.
Additionally, if you get multiple offers, you can leverage them and start a bidding process, potentially allowing you to increase the price and drive it toward the market average. However, this strategy only works in a market where there aren’t many houses available for sale and there are more buyers than sellers.
Sell Your Home Through An Auction House
Auction houses are another selling avenue that can provide a fast selling process. However, the auction data of your house could be set for some time in the future, especially if you use an auction house with many clients and a long waiting list.
Still, this method is faster than using a real estate agent because it does not involve you showing your house to buyers or filtering through the offers yourself.
Essentially, you and the buyer that places the highest bid on your home automatically enter into a legally binding agreement, which means that the buyer is obliged to give you the total amount of cash, no matter what.
Moreover, in most cases, the buyer gives you a certain deposit on the day of the auction and is required to pay you the rest within 20 business days.
Contact a Home-Buying Company
One of the fastest ways to sell your home is through professional home-buying companies, whose primary business activity is buying properties. These companies are hassle-free and do not require you to prepare your house before selling or performing any repairs.
Moreover, with home house buyers, you will get a cash offer for your house within 24 hours, and you will not need to pay any additional fees, as the company covers all of them. Additionally, because you will receive cash for your home, you will not need to worry about things like financial contingencies or buyers backing out of the deal at the last minute.
Namely, with this method, your home is as good as sold the minute you get an offer. All you have to do is contact the company, review the offer, and turn your home into cash.
Any of the three mentioned selling avenues provide a faster selling process compared to the traditional selling method, making them excellent choices for all those who are looking to sell their homes fast. However, before you choose your preferred method, research each one to see which one suits your needs best.