How to Sell your House Quickly (And Potentially Complete Within 10 Days)
There are multiple blog posts offering tips and tricks on how to sell your house quickly, from repainting your front door to selling in the right season. Yet, homeowners who actually ask the question: “How to sell your house quickly,” might not have the time for interior design or the time to wait for winter to pass.
Selling a house can take time. Depending on the region, it can range from four to ten weeks. And often, if you’re selling your house to free up your cash, you may be looking for a quick, easy and covert way forward.
How to Sell your House Quickly (And Potentially Complete Within 10 Days)
As one of the first property crowdfunding platforms in Europe, Property Moose have monitored the UK property market in minute detail. We understand that certain circumstances may demand you to prioritise speed over sales price. However, in the slow-moving property market, a speedy sale can be hard to execute. As a result, we may be able to purchase your property at a discount, with a potential cash completion in just 10 days, subject to terms and conditions.
Open market protocol involves listing your property online on sites like Rightmove or Zoopla, or pinning an advert up in an estate agent’s window. For sellers who have the time to shop around for the best offer and are happy to pay the associated fees, listing your house for sale on the open market tends to be the traditional route forward.
Sometimes, however, circumstances call for a quick sale. Considering the average time to sell was 62 days in August 2017, open market sales might not be the most suitable option for sellers hoping to release the cash tied up in their property quickly. Likewise, some circumstances call for a more discreet sale as opposed to a mass-market advertisement.
What are some of the potential benefits of an off-market sale?
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Avoiding estate agency fees
According to HomeOwner’s Alliance, estate agent fees can be between 0.75% - 3.0% (plus VAT). The problem with a percentage fee is that sellers will pay varying amounts for the exact same service, simply due to the value, size or location of their home.
As outlined by House Network’s Estate Agent Fees Savings Calculator, if you were to sell your house for £470,000, a 3% estate agent fee could cost you £16,920 and a £250,000 house could cost you £9,000, taking a sizeable chunk out of your profits.
Online estate agents tend to offer fairer solutions. Yopa, for example, charges a fixed fee of £839. Likewise, House Network charges a package-dependent fixed fee of £775 or £975. If avoiding traditional estate agent fees is your primary motive, these options could be ideal. Bear in mind, however, that the time it will take to sell your property may still run between 4 – 10 weeks.
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Optimising speed
For sellers where speed is of the essence, selling off-market might be more appealing. While the average Yopa seller found a buyer in less than 29 days, open market sales are subject to market conditions, and completion times can be unpredictable.
Unless you’re selling to a first time buyer, you could be tied up in what is called ‘a property chain.’. If you’re selling to a buyer who needs to sell their own home before they can purchase yours, you could find yourself at a standstill, with the sale of your property at the mercy of buyers lower down the chain.
With longer chains, for example, if a single link misses a phone call or delays signing a document, the entire chain could experience a hold up, moving only at the speed of the slowest party.
If you’re desperate to sell, and open market uncertainty is a cause for concern, selling off-market to companies with the capital to complete in shorter time periods could offer you the peace of mind you seek.
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Maintaining discretion
Open market sales often involve as much publicity as possible, with the logic being to reach the highest number of potential buyers.
However, if, under circumstances like debt or financial difficulty, you’d prefer a more private sale, then mass market advertisements, and even open days involving queues around you and your neighbours’ homes could be inconvenient.
Off-market sales, on the other hand, offer sellers the opportunity to deal directly with a fund in a more discreet manner, as opposed to mass marketing their property to the general public.
If you’re pressed for time, and looking for solutions on how to sell your home quickly and confidentially, we may be able to purchase your property at a discount in return for a quick cash completion. To register your interest, simply click on the image above and complete our short form, after which a member of our team will be in touch with you.