Selling a house at a price that both the buyer and seller are happy with is often a challenging task. And if on top of this you add the requirement for the sale to happen fast, the complexity grows significantly and the likelihood of all boxes being ticked gets pretty low.
In the last five to ten years, property affordability has become an issue and for many people looking to buy a house, committing to such a purchase has become all but impossible. And it’s not at all surprising that Brexit and Coronavirus and the uncertainty they’ve caused in our lives have caused people to feel even more reluctant about spending large sums on significant purchases like a house. The impact of this is a palpable drop in demand with fewer buyers on the market who are also being extra cautious with their decision.
As well as this, as trivial as it sounds, we should never discount a buyer’s common sense and human nature. Along with the economic uncertainty, selling a house fast is challenging because it is high-involvement decision making, much like buying a car. These purchases are normally expensive and very important for a buyer in the longer term; hence they take their time to properly weigh up their options. With this in mind, it’s unsurprising that buying a house can cause anxiety, stress, or post-purchase regret. That’s why it is so important to choose a trusted, knowledgeable and truly caring estate agent, to assist in this important journey, bringing peace of mind to both seller and buyer.
With all these factors slowing down the market what can you actually do to sell your house fast?
There’s over 5,400 people searching in Google every month how to sell their house fast. This means there’s a lot of house owners who know what they want but are still unsure about their options when it comes to a fast house sale. The main complexity with selling a house quickly is that you will have to balance three sometimes conflicting factors: speed, price and security.
Let’s take a look at the most common reasons for searching for a quick house sale:
House sale fell through – Many of our customers get in touch with us out of frustration with the open market. One of its main pitfalls is that no offer is secure until the contracts are exchanged, which gives plenty of time for buyers to have cold feet and unexpected issues to occur.
Broken property chain – Another inherent problem of the open market, an estimated 300,000 house sales break down every year in the UK due to complications involving property chains. With this in mind, there’s no wonder sellers decide to look for a more secure and speedy method outside of the traditional open market.
Inheritance – Selling a property in any situation is a stressful thing but doing it after losing someone is understandably unwelcome. It can become particularly difficult when you’re selling a home you’ve inherited rather than solely own. Often this is a financial decision made between several family members. Here, a quick house sale can be a good way to avoid any undesired family frictions.
Repossession – This is a horrible and stressful situation but can sadly happen to anyone. Therefore, if you feel that you will not be able to complete a mortgage repayment on time and find yourself threatened with eviction, it is vital that you act quickly and find out all available options you can take to stop the house repossession from happening.
Relocation – Moving to an uncharted territory due to a professional opportunity or wanting to retire to a quieter place can be an exciting adventure. However, it also entails a lot of quick decision-making, including what to do with your property. Knowing that you can sell your house quickly and hassle-free can give you the peace of mind you need to enjoy this important next step in your life.
Fast property buying companies are widely regarded as the best option if you are looking for a speedy house sale. This is not just our opinion, The Advisory, a reputed blog featured in the Sunday times that provides expert advice for house owners, also regards this service as the best solution. These companies have a specialised process and the necessary funds to purchase your property and hand you the cash in less than 14 days. In other words, they can help you sell fast because they are your buyers (no middlemen involved). This is also a great option if you, like many others, are frustrated with the uncertainty of the open market and want a 100% secured sale, which is especially valuable during coronavirus times. However, in exchange for purchasing your house quickly and securely, fast property buyers will offer you an average of 80% of your house’s market value.
If you are considering fast property buyers, the most important thing is to choose the company smartly. We’d recommend you to always check the company’s reviews on sites such as Trustpilot and to verify that they are part of the TPO and NAPB, the fast buying company regulators.
Tip: make sure the reviews you find in Trustpilot are legitimate by seeing the country of origin. Dodgy companies might buy reviews.
With 4.9 starts in Trustpilot, Vivo is the best rated fast property buyer in the UK. We buy properties for 85% of market value in exchange for a quick and secure house sale. We are a family run business that focus on the human side of selling a house. Yes, we can buy your house fast, but we’ll also adapt to your situation so you can move out whenever you are ready, making the process as stress free as possible. And once you accept our formal offer the deal is set in stone so you can focus on other things with a peace of mind.
You can get a free no-obligation offer for your house here, try to include as much information as possible so we can be as accurate as possible.
Property auction can also provide you a quick house sale, and it can be particularly effective for properties that need a significant renovation. This can be a good option for owners who want a relatively fast process and are happy to take some risks in order to get a higher price for their properties. Despite the costs of putting a house for auction, some properties specifically attractive to investors could trigger a bidding war, raising their value and thus increasing the profit for the owner. However, there is also a risk that no one will bid for your house and you won’t be able to sell at all. This means you’ll need to pay for the auction fees despite not getting anything from it! If this service sounds appealing to you, we’d advise you to do an extensive research on what it entails to put a house up for auction, its costs and what third parties you need. This guide from Home Owners alliance is a good place to start from.
Estate agents are the traditional house selling method. However, when it comes to getting a house sold fast, they are a slightly out of their depth. It’s not their fault, the open market is uncertain and finding a suitable buyer can take a lot of time. Plus, even with an offer, in the open market you are vulnerable to being part of property chains , gazumping or a buyer’s cold feet which can make your sale fall through. On the other hand, being patient can lead to an attractive offer close or above your asking price; however tempting this might be, you should always remember being patient has a cost. Is it worth waiting 6 months for an offer while you pay for your mortgage? See here how the open market compares to selling to Vivo Fast property buyers.
Tip: If you are already relying on an estate agent, consider bringing a second agency on board, whoever gets the deal can have the fee. This increase in competition might give your sale the push it needs.
We thought you might find useful a list of the best-rated companies for each one of the options according to Trustpilot. Use this list as a reference and contrast their services with the ones in your area:
1. Vivo Fast Property Buyers 4.8
2. We buy any house 4.7
3. Sell my home 4.7
1. Pattinson Auction 4.6
2. IAM Sold 4.5
3. SDL Auctions 4.4
1. EweMove Sales and lettings 5 stars
2. Keatons 4.9 stars
3. Mackenzie Smith 4.9 stars
Aside from being able to buy quickly, avoiding fees and not needing viewings, our clients always commend us on our personal and attentive approach to communication as well as our trustworthiness and professionalism. We often deal with clients who have previously been stuck in a chain which has delayed their sale, only for it to fall through; we have been able to offer them an alternative solution which has allowed them to sell quickly and without stress. Read what our clients’ say about us on Trustpilot