Sell your house fast - How to sell your house yourself, and fast!
Dealing with the disappointments of failed offers can be very frustrating and finding a quality buyer to purchase your home can be a real struggle. Especially if your experiencing downturns in the property market and quality viewings of your property are scarce.
There are many reasons why people might need to sell their home fast: Your property may be perilously close to being repossessed or you may need to release the equity in your home to move abroad and start a new life. Whatever the reason may be, finding that all important property sale can be tough.
There are reputable companies out there, such as Quicker House Sales, who specialise in fast property purchases. They provide offers of up to 70% of the market value of your home and can usually turn around an exchange in around 7 days.
A reputable agent such as Quicker House Sales can offer you free advice on:
- How to sell your house in under 4 weeks
- How to sell and rent back your home - no need to move out
- How to stop repossession
- How to get rid of debts but stay in your own home
- How to use the internet for a quick sale
- How to turn problem investment properties into cash, quickly
In addition to helping you sell your home fast, www.quickerhousesales.com can also sell and rent back your home to you, so there’s no need to move out. They can also help to stop repossession, assist with erasing debts meaning you can stay in your own home, turn problem investment properties into cash and a lot more.
You can give them a call on 0800 612 7231to find out more information.
They're available 24 hours a day, 7 days a week and offer a highly appraised service. You can also visit their web site and get a free, no obligation cash offer by clicking here.
What Price Can I Expect from a Cash Home Buyer?
Reputable cash house buyers will provide you with a guaranteed sale within a given time frame, which for some home owners is the answer to their prayers. However, the price offered may fall anywhere between 65 - 80% of your home’s natural value, so think carefully about whether a discounted sale is for you.
Try to work out your property’s realistic market value before you sell your house fast for cash. If you understand the market and are confident about a normal asking price, you’ll better understand a relative discounted cash price for your home.
How to avoid disreputable cash-for-home companies
If your need to sell quickly is greater than finding a solution to debt repayments then there are many specialists who can help you. But before signing up to a cash home buyer company make sure they are a reputable, trustworthy organisation who are not looking for a huge fee or unreasonable valuation charges.
If you’re unsure about whether a cash house buyer is trustworthy, look out for the following tell tale signs:
- Beware of quick home buying organisations which charge for property valuations, regardless of whether they buy your property or not. If they ask for a charge upfront, they are best avoided.
- Property buying companies which want to make as much profit as possible will take advantage of your stressful situation, and may reduce their offer as the days go by. If you seem anxious and desperate, a dishonest company may negotiate a much lower discounted property price at the last minute and take advantage of your vulnerable state of mind.
- If you’re hoping to sell and rent back let your solicitor go through the contract with a fine tooth comb before signing. Some cash for sale companies will rent you back your home, but may legally evict you after a couple of years because you didn’t read the small print.
It’s not all doom and gloom though! Many cash for sale companies are professional and reliable, providing a necessary service to a number of home owners. Allow Property Advice Blog to recommend the best quick sale companies in the UK, and sell house fast without excess worry.
How Do I Avoid Repossession? - Sell For Cash!
The Council of Mortgage Lenders (CML) has estimated that 45,000 homes will be repossessed this year in the UK, while the Financial Services Authority (FSA) have reported that one in five home owners are worried about mortgage repayments over the next 12 months. From this forecast it seems there are a lot of 100% mortgage owners and first time buyers who are in need of some sound financial advice for the year ahead.
If you don’t want to become a repossession statistic or if you want to sell your house fast do something about your situation today. Repayment problems can be negotiated if the lender is contacted early on. What’s more, courts are much more lenient if the borrower has shown they are taking steps to solve their property problems.
HELP! I can’t make my mortgage repayments!
There are two types of financial difficulty when it comes to paying back debt - short-term and long-term. For those who are facing short-term money difficulties the lender is more likely to give you a period of flexibility if you explain your predicament early on.
Talk to your mortgage lender, explain the situation and try to negotiate a payback scheme so that you can reduce payments until you’re back on your feet. The law says your lender must treat you fairly and take your circumstances into account. If however, there seems to be no end to your financial difficulties you may need to sell your house fast, buy a cheaper house, or consider re-mortgaging over a longer period of time.
Prepare A Debt Repayment Plan
Not only will drawing up a repayment plan help you to organise your finances it will also reduce stress by transforming a financial muddle into a clear plan of action. You can write up this plan yourself by deciding on a realistic figure to repay each month for both the continuing mortgage and any arrears. Alternatively, if you feel that you’d like the help of an expert there are a number of organisations you can contact such as the Citizens Advice Bureau www.adviceguide.org.uk and Community Legal Advice http://www.communitylegaladvice.org.uk. These organisations offer free property advice connected to debt and are designed to help people from all walks of life. They can help draw up a debt repayment plan and negotiate with your lender on your behalf discussing your income, expenditure and how much you can afford to pay back.
Get In Touch With Your Mortgage Lender - Your next course of action is to contact your Mortgage Lender. With your debt repayment plan at hand you should be able to negotiate a system for affordable repayments. Your plan should include a financial statement which proves your current income, outgoings and expenditure. Don’t be intimidated, stand your ground but also listen to any suggestions your lender may have too.
Property Advice Blog TOP TIP!
If your house stubbornly refuses to sell, never fear – here are some expert tips to help you get things moving:
Make sure you select the best Estate agent for the type of property you have. Look in the Estate Agents window to see if houses like yours are advertised there. Then fix the right price, bearing in mind that the market calms down in the summer, so there’s no point being too ambitious.
Click Here for a list of Online Estate Agents.
First impressions are vital!
Tidy up the front garden and the drive and paint the front door. Kitchens and bathrooms sell houses, so get cleaning and polishing. Buy things such as a new kettle, new bathroom lino, new door handles. Clear out clutter, turn the storage room into a bedroom, then ask a friend to come round and give their honest opinion.
If your house still doesn’t sell
Ask your agents why they haven’t sold it and how you can help them do their job. The two most important factors when selling a house are presentation and price. Most people will have an emotional response to a house within ten seconds, so you have to be tidy and your children can’t leave their underpants on the floor!
Even more important is price
Property Markets can cool-off so you need to attract the most number of buyers. A high price is not going to get people through the door, so put it on at a guide price at the bottom end of your expectations, and you should then get several bidders who will push the price up. If your prepared to gamble a little this strategy can pay off well.
If it still doesn’t sell
Drop the price to appeal to a whole new level of buyers – there’s no point tinkering at the margins.
We strongly believe there’s no such thing as a house that won’t sell. If it isn’t selling it’s too expensive. The danger is that there can be huge optimism in terms of value, so estate agents will come up with a figure they hope to get, and the vendor spends that in their head. Look at what you can buy in your area for the price you’re asking. If you need to drop the price, take the house off the market for two weeks before launching it with a new agent at a price at least 10 per cent lower.
There are also cosmetic things you can do that may make a buyer pick your house over someone else’s. Cleaning the windows is the most important: it will make rooms look lighter and brighter.
However if you find yourself in need of a very rapid sale and are happy to accept a cash offer from an investor then you can consider using a specialist fast purchase company. See our 'Sell Your House Fast' section for more information.
Property Advice Blog Top Tip!
To make sure you know your mortgage facts before contacting your lender read the FSA's Stay In Control Of Your Mortgage checklist from Money Made Clear or ring 0845 606 1234.
If you find your debt repayment plan falls on deaf ears you should complain to the mortgage lender’s complaints department. If you still feel you have been unfairly dealt with contact the Financial Ombudsman Service, http://www.financial-ombudsman.org.uk. This independent service helps settle disputes between consumers and financial businesses.
Important things to consider:
- Are you receiving sufficient tax credits and benefits? If you’re unsure visit www.entitledto.com and discover if you are missing out on extra entitlements.
- Get in touch with your mortgage provider and claim back any mortgage protection insurance.
- If you’ve been unemployed for over 9 months, you could be entitled to council tax benefit.
- Rent out a spare room and get money from a lodger.