Selling a home can be stressful. Many people face delays, lengthy paperwork, and chains that fall through. But there are faster ways to sell a house without all the usual trouble. Nick Statman is a well-known name in the UK property market who has helped many homeowners sell their homes fast. If you are looking for fast and straightforward solutions, this guide will help you understand all your options.
Why Traditional House Sales Take So Long
With a conventional house sale, you require an estate agent and numerous viewings, and you have to wait until the correct buyer appears. There may be a long delay even after a person has agreed to buy because of mortgage checkups, surveys or legal verification. In the UK, most normal sales take four to six months to materialise. The more time you spend on sales, the more you will pay on bills, repairs, and mortgages. This is the reason why numerous homeowners are resorting to speedier alternatives.
How Fast Sales Works
When you sell to a specialist company or a cash buyer, it is usually a rapid home sale. Such companies will buy your house at a reasonable price and within a short time, usually within one to three weeks. They do not typically require mortgage approval, and this eliminates one of the most significant reasons for postponement. You start the process by giving the business the specifics of your property. They give you a bid, and in case you accept, then they do a fair valuation. After this, the legal action starts, and the sale is done within a short period.
Selling to a Quick Sale Company
These companies are helpful if you need to sell fast and do not want to deal with an auction. The final price is sometime just 70% of the entire market value. Still, you can avoid agent fees, long waiting times, and uncertainty. Nick Statman has often pointed out that while fast-sale firms are useful, homeowners should always check if the company is trusted and follows UK property laws.
What about Auctions?
When your residence is placed up for auction, interested parties bid. A 10% deposit is immediately withheld in the event that a bid is successful. Within 20 working days, the remaining balance is paid. Because purchasers will be ready with cash, auctions will go more quickly. They are also knowledgeable about the market and are investors.
The other advantage that you get in auctions is that you obtain a reasonable market price because bidders’ bargain against each other. This can be faster than a sale by a private individual and can present you with a higher level of price when compared to certain fast sales companies.
How To View Quick Sales
Nicholas Stateman, a property expert, believes fast sales are good in certain situations. For example, if you are facing repossession, need urgent funds, or your buyer pulls out at the last minute, selling quickly can save you. But he also reminds sellers to research well. Not all companies give fair offers. Some may not be regulated. So, always read the contract carefully and ask questions before agreeing to any deal.
Conclusion
It is possible to sell your house fast by using the correct method. It does not have a definite advantage to sell fast-sale customers or use an auction, but all the processes have advantages and disadvantages. Nick Statman always advises sellers to think carefully, research their options, and choose what fits their situation best. A fast sale may be relief to you, but be certain you are on top of the whole story before you decide.
Want to say something? Post a comment
Want to say something? Post a comment