When you need to move quickly, it can be difficult to find the perfect way to sell your house. From realtors to cash buyers, from auctions to short sales, not every method suits every situation. Instead of panicking over whom to call and what to renovate, instead take a look at this quick list to decide the best way to sell your home.
Selling With a Realtor
Working with a real estate agent is one of the most well-known ways to sell your home. You hire a person, they deal with all of the legal paperwork, you spend half of the house’s value on repair work and renovations, and then they call you back and they’ve found a buyer who will pay five pounds more than you initially bought the house for. A profit! Realtors are a well-known way to sell your home, and sure– they have some perks, like how much profit you can earn from your home and how simple the process can become, but they also have very real drawbacks. Realtors force you to do costly repairs and renovations on your home, which can detract thousands of pounds from your final profits. Even after that, they take a percentage of that profit and turn it into their paycheque. Selling with a realtor has the potential to make you more overall money, but it can also be surprisingly expensive.
Selling With A Cash Buyer
Selling with a cash buyer is the second most common way to deal with your real estate. In this method, you sell your property to a person or company that already has the money to purchase your home. You don’t have to deal with competing mortgages or even renovations. Cash buyers purchase your home in as-is condition, which means they don’t care how your electrical system looks, how your facade crumbles, or even if your house is habitable. Instead, they’ll pay you good money for your land, and then you can move quickly. It’s simple, easy, and makes you just as much profit as you would make after repair and realtor costs on the open market.
Selling At Auction
If you’re losing time, though, and you don’t care how much your property sells for, there’s always an auction to sell at. Auctions are guaranteed to be done and over within 28 days, and while they will never earn as much profit on the open market, you don’t have to hire a realtor and you don’t have to do any repairs or renovations on your property. If you just need to get rid of your old home, and you don’t care how an auction might be a great way for you to do just that.
Selling With a Short Sale
A short sale is one of the rarest ways to sell your home, but that doesn’t mean it’s ineffective. A mortgage lender will only consider you for a short sale if you’re very behind on your mortgage, and can’t feasibly pay it off. If you’ve missed three or more mortgage payments and are struggling to keep up with the bills, a short sale might be the right idea for you. To initiate a short sale, speak with your mortgage lender about selling your home at a lower price than you owe on it. They may or may not agree to this– but if they do, you can begin arranging everything to sell on a short sale instead of at full price. If your home is in poor condition and even a cash buyer won’t give you the necessary money to pay off your loans, it’s a good idea to go with this option.
“I Need to Sell My House– Fast!”
There are plenty of ways to sell house fast throughout the UK. Whether you choose to go through a real estate agent, a cash buyer, an auction, or a short sale, it doesn’t matter– what does matter is getting your house sold and you moved to where you need to be. Cash buyers are usually the best bet for every sale, but there are certainly times when the others are necessary too. Don’t worry when trying to sell your home– these are the simplest and easiest ways to move quickly.