Selling Your Home Quickly When In Financial Difficulties

If you are in financial difficulties and need to sell your home quickly, you might start to panic.  Using traditional selling methods can take time that you do not have.  Fortunately, there are a few methods you can try which will speed up the sale process. You can also ask for property advice from an expert to help you sell your property fast.

 

Sell To A Home Buying Company

The best way to sell your home fast is to contact a cash home buying company.  These companies offer a guaranteed sale which is something that is very hard to come by.  Most of these companies are used mainly by people who are in financial difficulty.

These companies have taken that into account and many will pay your legal fees related to the sale for you.  There will also be no agent fees which reduces the financial strain of selling.  Reputable and reliable companies are usually able to put cash into your account within 28 days.

The only drawback to this method is the offers you get for your home.  With these companies, you can expect offers of 75% to 80% of the market value of the property.  Some companies also limit the value of the properties they buy making this a poor option for anyone with a house value over £500,000.

 

Take The Property To Auction

If your property needs a fair amount of work or is a leasehold with a short lease, taking the house to auction might be the best option.  While you can work with a home buying company, you may be able to get a better deal at auction.  However, it is important to note that there is no guarantee of a sale when you take the property to auction.

When auctioning your home, the completion date will be 28 days after the auction date.  This is the same timeline as home buying companies which is ideal for people on financial difficulty.  There are other issues that you need to be aware of auctions.

There are many auction houses that put The Modern Method of auction.  This is something that you should avoid because it does not always work and it is not free.  You should not have to pay large amounts to put your home on auction.

When it comes to the offers you get, you can expect 75% to 85% of the market value.  This is also the same as home buying companies, but there is a chance of getting slightly more.  This will depend on the state of the property and the location.

 

Work With A 30-Day House Sale Specialist

If you are not able to get an acceptable price for your home with a buying company, working with a sale specialist is a good idea.  This is also a good idea if you have tried to sell your property through a traditional estate agent.  If you have been unable to get a serious buyer with other agents, a specialist will be able to help.

Working with these specialists, you could get 95% to 100% of the market value of your property.  This is ideal when you are in financial difficulties.  The specialists you work with are the same people who help the cash buying companies to sell their homes.

It is important to note that you do have to pay to work with these specialists.  However, they are not as expensive as you might imagine and they are very effective at beating the general market.  When you work with these specialists, you are more likely to get a solid buyer offering 95% to 100% of the market value of the property.

 

Reduce The Asking Price

If you cannot bring a second estate agent in or change agents, you need to consider lowering your asking price.  This can speed up the sale process, but it does not always guarantee a sale.  This is particularly true if you are facing a cold real estate market.

Lowering your price should be the very last option that you look at because it does lower the amount you can get.  As there is no guarantee of a sale, you should consider the methods that do first.

If you are in financial difficulty and need to sell your home quickly, there are a number of methods you can try.  Selling your home to a cash buying company guarantees a sale.  Taking the property to auction is also an option as is working with a quick sale specialist.

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