How to Sell Property Quickly in Today’s Current Climate

How to sell property quickly

Since the beginning of the current recession, selling even the most beautiful, unique property has become anything from difficult to impossible. There are many reasons for this; it became harder for people to secure a mortgage, more misty to predict the market and more risky to seize the day. Sales ground to a standstill and people grew more cautious. Most people decided that they can wait until the market gets back to normal. So, where does that leave you if you can’t?

Whether it’s to immigrate to warmer climates (lucky you) or to finalise a divorce; if you are reading this then I guess you need to sell your property more quickly than the rest. So, what are your options?

Auction

Not for the faint-hearted! People and developers who buy at auction are there for a bottom of the barrel bargain. You may not get anywhere near the amount you expected and be stuck with lots of legal fees. Get some great advice if you’re venturing down this route.

Estate Agent

The traditional route, that has currently got a little stuck. Estate Agents will fall over themselves to manage your property and can sometimes over value your property to win your business so do your research and talk to 3 or 4 to get an accurate idea of the situation. There are no guarantees of speed or even a sale.

Established Property Buyers

This could be a good solution; however look out for a few things. You want to find a company who give you a respectable offer (average offers range between 60-80% of the Market Value) treat you well and work with a strong degree of transparency. Ask friends for recommendations. Search for Testimonials and feedback on a company. Make sure they are regulated by the FSA.

The initial conversation with a property buyer:

Give them a ring, apply online or pop into their office for a chat. Feel free to ask any questions you may have. You should be personally assigned a representative to work with you from start to finish. They should first get an understanding of your property and situation. Ask to ensure that all your information that you provide is held in the strictest of confidence. Companies will generally then make you a provisional offer at this point. This should be 60-80% of the current Market Value. Then together if you are happy you can arrange a meeting/viewing.

The meeting and viewing of the property:

Normally you will find companies that will visit you within 48 hours of the initial conversation. If you are happy with all the details, the contracts can be exchanged and signed on the spot. There are national cash property buyers that do have this ability, don’t get me wrong you will find that most still take months so be sure to ask the question, how long will it be before we exchange contracts? This gives you the security of a guaranteed quick property sale. How long will it be before the property sale is completed? Again there are companies out there that can complete a sale within 48 hours if you need to.

If you would like to sell but you’re not sure you are ready to move out straight away then there is an alternative called Sale and Rent Back.