WHAT ARE THE FASTEST WAYS TO SELL YOUR HOME?

WHAT ARE THE FASTEST WAYS TO SELL YOUR HOME?

June, 2020

When it comes to selling a home, you should know that it is often a matter of making the most money and taking your time to find the perfect buyer. There is no best-case scenario in which you will be selling the place quickly enough and making top money out of it. There are, however, some options that come close to this and that you should consider, if you are really interested in selling your home quickly enough. In this guide, we will go over some of the more popular ones:

Sell your home to a cash home buying company
This is what many people in a hurry resort to. It should come as no surprise, since experts rank this as the fastest method to turn your home into cash. It guarantees a quick sale, so it is good if you are in a financially difficult situation. The good thing about this method is that there are no extra fees to pay (such as agent fees) and the legal fees will often be paid by the company. You can have money in a bank within a month, although you need to understand it will usually involve around 70-80% of market value. It is important to do a thorough research on the company, in order to minimise the risk.

Auction
That is one option you may want to consider, if your property has defective title, or perhaps a short lease period. You may not be able to find a buyer, but it is worth a shot if you have exhausted other options. Again, you may have your money within a month of completing the auction. Experts estimate that such deals involve roughly 75 – 85% of the market value of the property.

Part exchange with new home builder
This is something that you can consider with regards to new build property. A house builder may offer this scheme, if you show that you are interested in trading up. It is a good one, since it offers 95-100% of market value in some cases, but you need to do your homework on what your options are, or consult with an expert on the matter.

Reduction in the asking price
Sometimes the reason why you are not selling your home fast, or not selling it at all, is because the price of the property is too high. A reduction in the price is a good thing to try, although being in a cold market it may not even be enough. Consider this option as a sort of last-resort, once you have exhausted other options.

Change your estate agent
While it is a good idea to work with an estate agency on the matter, sometimes you just don’t end up with a decent one on your case. If you feel like they are not doing enough, you should seek to opt out of contract. Sometimes you will find that a change of the estate agency is enough to negate the need to drop the price of the property. Aim to offer them full fee, for a shorter contract, to ensure that they are motivated to find a buyer quickly.

Assisted house sale
If the property is not finished, or it needs more work done, you may want to consider an assisted house sale. Essentially, an assisted sale specialist will manage the refurbishment process, for a share of the sale profit. This can move things ahead, especially if you have no time to invest in such an endeavour.

As you can see, there are quite a few options available when it comes to quick home sales. Which one are you choosing?

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