How can I Sell my House Fast and Still Profit?

If you are really lucky, you might manage to sell your house within months, either with the help of a real estate agent or by marketing it yourself. In some cases, going through this process can take years or even result in a no-sale.

Another option to explore would be auction houses. Auction houses take less time than real estate agents and you are assured a buyer can’t back out of a sale agreement once the auctioneer’s hammer drops.

But asides from the aforementioned options, there is a faster choice, and that’s selling your home through a Quick House Sale Company/Cash For Home company.

Quick house sale companies

These are companies who offer services that promise to get your home sold fast. Instead of taking months or years to sell your home, you can have it sold in a matter of days. These sort of companies are able to accomplish such quick sales by purchasing your home directly from you.

A typical quick house sale firm will offer you cash in exchange for your home and will pay you as soon as the appropriate contracts are exchanged. But keep in mind that these sort of companies will never offer you a price that amounts to a 100 percent of the market value of your home. Rather, depending on the company and what you agree to, you can receive anywhere between 60-90 percent of the actual market value of your property.

What are the pros of using a quick house sale company?

If you need to sell your house fast and have cash in hand in a hurry, a cash for home firm can be a great solution. But asides from the quick sale and access to fast cash, other benefits available include:

  • Quick house sale companies often cover the costs associated with a property sale, such as legal fees, valuation fees, and so on.
  • It can help you effectively clear debts, avoid repossession, and sort out other financial issues.
  • Help effectively sell off inherited real property.
  • Assist in downsizing for health or age or other reasons.
  • Accomplish a quick sale in the event of a relationship breakdown, such as a divorce.
  • Help you accomplish a quick relocation.
  • Most firms will take any property regardless its location or condition. This means you can effectively get rid of your hard-to-sell real estate without having to spend money on advertising or fixing it up first.

What are the cons of using a quick house sale company?

While there are quick house sale companies that mean well and offer honest services, there are also unscrupulous ones. Practices of these unscrupulous firms can lead to issues such as:

  • Gazundering; reducing the price offered for a property at the last minute and thus putting the property owner in a tight corner
  • Fee structures not being clearly stated to the customer
  • Deliberately inaccurate property valuations
  • Contracts that tie customers in and prevent them from selling in the event that they are presented a better offer

Keep in mind that the aforementioned issues are only likely if you transact with the wrong cash for home firm. This is why you need to properly research a firm before agreeing to sell your property through them.

How to identify an ideal quick house sale company for your home

While quick house sales for cash are a great option, you need to be careful which cash for home firm you choose to do business with. The average firm offers as much as 70 to 85 percent of the actual value of your home in exchange for getting your property off your hands fast. But if you do your research, you can manage to find a firm that’s willing to offer as much as 90 percent. However, firms that offer this and genuinely mean it are rare, which means you need to carry out sufficient research to find them and ensure you are signing up with a company that can offer you the best deal.

If you decide you want to sell your property through a quick house sale company, make sure you:

  • Carry out your own valuation:By having your home appraised with the help of your own valuator, you will have an unbiased idea of the true estimate of your property’s value. With this information, you’ll be able to effectively ascertain if a quick house sale company is trying to rip you off on price.
  • Confirm the contact details of the firm: An honest company will have a physical address and office you can visit. Beware of any cash for home company that offers nothing more than an email or phone number.
  • Confirm if the company is registered: All legitimate cash for home companies operating in the UK are registered. So discover the registration number of the company you’ve settled on and confirm its existence through the Companies House website.
  • Cash for home companies often don’t charge fees for consultation or offers: Be wary of firms that try to charge you for consultations or for making you an offer. Such a firm is likely trying to take advantage of your circumstances.
  • Review testimonials submitted concerning the firm: Testimonials and reviews submitted on platforms such as Feefo are an effective way to determine the competence of a company. By researching what past customers have to say about a firm, you will be better informed concerning whether such a firm is trustworthy and capable of delivering as promised.
  • Verify the company has a process for dealing with complaints: A company that doesn’t have such might leave you unhappy and unable to seek redress in the event that you are dissatisfied with a certain aspect of their service.
  • Verify the company’s credentials:Reputable UK cash for home firms are all registered members of the TPO (The Property Ombudsman) and the NAPB (National Association of Property Buyers). These bodies ensure clients are treated fairly and have access to transparent services.

How to seek redress if dissatisfied with a cash for home company?

If you feel that you have been unfairly treated by a cash for home company, or that the company has acted in an unscrupulous manner, make your grievances known to the company and give them a chance to address your issues.

If your complaint is ignored or not dealt with to your satisfaction, do not hesitate to reach out to the Ombudsman Services: Property. They will take up your case and try to determine if you’ve truly been wronged. Their findings will determine how best to proceed in helping you settle your grievance.

Selling your home faster tips

To sell your home as fast as possible and at a good price, you need to ensure the property is in a condition that potential buyers will actually find attractive. The average buyer will be frightened off by a property that they feel will cost them a load of cash to renovate and make habitable. Therefore, to get the best possible price for your property and sell it quickly, you need to spruce it up to boost its appeal and value. But keep in mind that sprucing up your home to boost its value can cost a pretty penny, so you need to ensure that the renovations you are putting in place are actually going to yield a favourable return on investment.

On the other hand, if you are unwilling to spend a little more on your home to get a better price on it, you can rest easy knowing that cash for home firms often aren’t interested in the condition of your home and will gladly take it off your hands regardless its state. But keep in mind that while such a firm will still gladly pay for your home, it will also offer you less for a property that’s not in good condition.

If you want to get a maximal payday upon the sale of your property, be it through a real estate agent, an auction house, or a cash for home firm, here are a few renovations you can engage in.

  • Reduce the amount of clutter in your home: Any unnecessary junk that’s taking up space, throw it out. If the belongings cluttering up the property are things you’d like to take with you when moving out, store them off the property. The point of decluttering is to provide potential buyers a clearer view of your property and the available space it has.
  • A paint job: A fresh coat of paint is the cheapest yet most effective form of renovation you can perform to increase your property’s value. Don’t just paint the inside, but also the outside to give your property a shiny new appearance that’ll up its appeal and value.
  • Fix and clean: Any obvious damages such as leaky roofs and pipes, creaky floors, broken windows, and so on, should be fixed. Spring cleaning is also effective in giving a home that WOW factor. The cleaning and fixing extends to the outside of the property, where you can spruce up the lawn and fence. Also, if certain rooms have unappealing scents, do your best to find and then rid the room of the source of the smell

With these three cost effective steps, not only will you be in a better position to sell your house fast, you will also likely be able to sell it at a higher value.

Published on 31st October 2017

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