You want to sell your house? This often means fixing every issue that impacts a buyer’s perception of your property. It means boosting curb appeal. Scrubbing and painting. Renovating and repairing. Pouring your money into estate agent and solicitor fees, valuations and inspections. . .This can cost you in terms of both money and time. But it doesn’t need to. There is a way to streamline matters, reduce your expenditures and get the cash you need to fund your next move.
Buying a Property Process UK: Making It Easier for Sellers
Companies that buy houses for cash can make it much simpler – and quicker – to sell your home. How? For a few key reasons:
Reputable House Buyers Have the Capital to Complete Transactions Fast
This is just one of the many reasons it is imperative to select a reputable, experienced company. These cash house buyers have the capital necessary to purchase your property straight out and on an accelerated timeline. They have access to funding through investors and given their extensive property portfolios. Always research and vet a potential buyer to ensure they are in the financial position to complete transactions.
You Can Sell Your House As-Is
Being able to sell your home in ‘as-is’ condition is certainly one of the biggest benefits of working with house buying companies. While you may choose to, there is no need to pour extensive money and time into repairs or renovations. If you need to move, relocate, downsize or otherwise change your living situation quickly, this allows you to move with far greater speed and agility.
There is a trade-off: issues that may detract from the value of your home will impact your offer. Typically house buyers offer between 75-80% of total market value – but this is a trade-off that works in your favour as you will see below.
Note: a reputable company will not tie you into an agreement or bind you to their services. You are free to accept or decline any offer if you choose.
You Avoid Extensive Fees
The conventional buying a property process in UK works quite differently to a cash buyer. While you can legally sell without the help of an estate agent, it is beneficial to engage this professional as you navigate the process. You will also need to pay out for solicitors’ fees, valuations and reports, conveyancing and other expenses associated with the sale. This can add up to thousands to tens of thousands of pounds. And this does not include any repairs or renovations you need to make before putting it on the market or the time it requires waiting for offers and completion dates.
With a cash house buyer, you avoid all of this. The math may very well work in your favour with a fast sale.
The Buying a Property Process in the UK Can Take As Little As Weeks
Another key difference between conventional and fast cash buyers: you can complete the transaction in as little as 21 days compared to the six months (or even longer in some cases) it takes to close a traditional sale. If you find yourself in a situation where you cannot afford to wait or simply do not wish to, a fast sale may make the most sense for your needs and goals.
You Walk Away With Cash In Your Account
Within weeks, you can have funds deposited into your bank account and be rid of a home that is no longer affordable, that is in a less-than-ideal condition or you do not need or want for another reason. With this money, you can fund a down payment on a new property, downsize to a flat, move closer to family or work… Your options are open for the next phase of your life.
Buying a Property Process UK: Streamlined and Convenient
If you are looking for alternatives to a lengthy and costly sales process, consider a cash house buyer. You can unburden yourself from a property that no longer suits your needs and move ahead with confidence.
The first step is finding a company that will work with you on a fair, equitable and transparent basis. Make sure they have solid funding and working capital and that they are members of key industry associations, such as The Property Ombudsman and/or The National Association of Property Buyers.