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How To Sell My House Quickly And For A Good Price?

Property Saviour » Selling » How To Sell My House Quickly And For A Good Price?

Recent data suggests that homes can suffer a considerable decrease in value if left on the market for an extended period of time. It also emphasizes the importance of securing a sale before a certain date. Keep reading to learn more.

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Time is money

The average UK home is now worth more than £200,000, meaning that for sellers, a few percentage points can equal thousands – or even tens of thousands – of pounds.

However, a property of similar value which was sold by a lower-performing agent after three months on the market, only achieved 89.5% of the asking price – costing the seller more than £41,000.

For properties with an average UK price of £235,000, a 14-day sale will result in the owner achieving close to their asking price, being just £1,400 below. Unfortunately, the longer the property is on the market, the more the owner will fall short of their asking price.

After one month, the price drop is more than £5,000, and after two months, it is more than £20,000.

How To Sell My House Quickly And For A Good Price
Firstly, pick your estate agents carefully. Compile a shortlist of local agents based on their track record, not their sales pitch.

Choose a Reliable estate agent

A reliable estate agent will aid you in setting the asking price, so be sure to select one wisely. Here’s how to make sure your house is sold within 14 days of being put on the market:

  • Firstly, pick your estate agents carefully. Compile a shortlist of local agents based on their track record, not their sales pitch. Additionally, don’t be tricked by agents overestimating the value of your property to win your business.
  • Secondly, increase your home’s curb appeal. Our recent survey discovered that 68% of buyers took curb appeal into account when buying their home. The features that are most important to home buyers are windows in good condition and a roof that doesn’t need repairs. For more information on which features attract buyers and how to sell at a top price, click here.
  • Thirdly, find your conveyancing solicitor as soon as possible. As soon as you have listed your house on the market, search and compare quotes from various conveyancing firms. Select your preferred firm and ask them to draft a contract and begin any basic work, such as the title enquiry.
  • Lastly, if you’re dissatisfied, switch. If your house has been on the market for a while, talk to your agent and review the asking price. You may also want to switch estate agents to one that has a higher success rate in your local market.

Sell to a cash house buying company

The fastest route to a secure sale is to sell your home to a cash property buyer. You may be wondering, who would offer to buy my house for cash? Companies that buy houses can provide you with an offer in as little as 24 hours and often close the transaction within a month.

Property buying companies guarantee both speed and the near certainty of a sale as they specialize in providing quick property sales. Generally, you will receive 70-85% of the fair market value of your house when selling to home-buying companies.

Once they receive your inquiry, the house-buying firm will evaluate your property. This will be done via a desktop valuation that takes into account recent house sale values.

After that, they will make you a cash offer to buy your house quickly. If you agree with their offer, they will then send either a local estate agent or an independent surveyor to double-check your property’s value.

After the visit, the home-buying company will provide you with a formal offer.

Sell your property at auction

Property auctions offer a fast and reliable way to get your house onto the market quickly. Once the auction has concluded, the successful bidder must pay a 10% deposit on the property and complete the sale within a month.

Auctions can be especially useful when selling unconventional or poorly maintained properties. Investors who are looking to buy houses for cash and then renovate them to sell for a profit often take advantage of auctions.

Part exchanging your house via a new build developer
An alternative way of selling your house quickly is to take part in a part-exchange scheme with a developer who specialises in buying houses and selling new-build homes.

Part exchanging your house via a new build developer (weeks-months)

An alternative way of selling your house quickly is to take part in a part-exchange scheme with a developer who specialises in buying houses and selling new-build homes.

This process involves the developer accepting your current property as partial payment for the new build. In this way, they can work as cash home buyers, since they do not need to sell a house of their own to buy yours.

Typically, the developer will ask two independent estate agents or surveyors to calculate the value of your property and come up with an agreed ‘selling price’.

This price is usually much lower than the market value, to give the developer a good margin when they sell the property. This ensures that they can recover the money they spent on buying your old house quickly.

Is 2023 a good time to sell a house UK?

There has been some talk that house prices could crash by 20% in 2023, but this has not come to fruition.

This year, average prices are likely to dip by 2-5%, a development which some experts consider more of a “correction” than a crash, due to the years of increasing house prices prior.

sell to us!

We buy any house at the speed of light. Don’t hesitate to contact Property Saviour today! Don’t forget, you can always get a no-commitment, instant valuation online with us.

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  • The price we’ll offer is the price that you will receive with no hidden deductions.
  • Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
  • These valuations or surveys result in delays and price reductions later on.
  • We are cash buyers.  There are no surveys.
  • We always provide proof of funds with every formal offer issued.
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  • No long exclusivity agreement to sign because we are the buyers.
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  • We share our solicitor’s details and issue a Memorandum of Sale. 
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