Have you recently gone through a divorce and are you planning to relocate? Perhaps you are on the edge of having your home repossessed because you are unable to continue making payments on your mortgage. Or do you simply wish to relocate to a different location and sell your property? Whatever the cause may be, there is one thing that is certain: you are interested in making a quick sale of your home at a price that is reasonable.
According to Gov.uk, the timeline for a house sale might range anywhere from 2 to 3 months, depending on factors such as its location. The most common reason for delays, on the other hand, is when you run into challenges along the way that you were not anticipating. In many instances, the amount of money that is lost along the way is increased as a result of these concerns, which makes life more stressful and tough. This article discusses the most common issues that individuals encounter while selling their homes, as well as the solutions to those issues so that you can sell your home fast and for a higher price.
Avoid a chain when selling your home
Simply imagine this. The costs for the estate agent have been paid, your house has been listed an offer has been accepted, your mortgage arrangements have been confirmed, and you have been accepted to purchase a home. At this point, it is simply the final… oh no, Mr. William, who was interested in buying your home, has suddenly discovered a more affordable alternative. Everything fails.
Does this sound familiar to you? It has been reported by Which that 28% of people, or 3 out of 10, have experienced a property chain that has failed. The following are some suggestions that can help you sell your home more quickly and at a higher price, or that can help you avoid any chains altogether:
- Choose a buyer who is not part of a chain, such as buyers who are purchasing for the first time.
- In spite of the fact that your Estate Agent usually is responsible for the work that occurs in between, it can be wise to enquire as to whether or not you can assist in expediting the process by engaging with others in the chain on your own. There is a possibility that you could even be able to negotiate a better sale price with potential buyers. Be sure that you are quick to respond to questions and that you are also quick to sign documents.
- One way to reduce the number of people you have to wait for is to look for newly constructed homes to move into.
- You should go with a trustworthy online house buying company or cash house buyers like Sell My House Fast In Scotland. We avoid chains and save you time by purchasing your property directly from you and providing you with a price that is both quick and reliable.
Expedite the Process with your Estate Agent or Solicitors
When selling your home, you must go through various steps. Estate agents must appraise the house, a home report and valuation will be required, then the property must be posted online, mortgage issues/changes may need to be resolved, and plenty of documentation must be completed.
Although these procedures in securing a successful sale are essential in the field of high street estate agents, they might bring about a significant slowdown in your roll. Moreover, time is a resource that is lacking for individuals who are trying to sell their items quickly and at a low price.
The good news is that there are numerous techniques to speed up the process:
- To avoid back-and-forth talks with your estate agent and possible buyers, it is important to conduct research and determine how much you believe your house would be worth from a financial standpoint. It is possible to accomplish this by using house price checkers such as Prime Location or HM Land Registry, or by examining the prices of houses in your area that have specifications that are comparable to your own.
- You could get in touch with a company that buys houses and can provide you with a good price and a speedy offer. This will eliminate the need for time-consuming middlemen. Companies such as Sell My House Fast In Scotland will send an internal solicitor to your property to value it within a few days, and they will provide a quick cash offer. Your home could be saved from being repossessed if you are able to secure a sale in such a short amount of time, or you could be able to place a bid on that ideal property before the auction is over. Make sure that you verify the legitimacy of the company several times before moving forward with the transaction.
Be on the lookout for any hidden costs
When sell a house through a high street estate agent, one of the most common issues that sellers fail to realise is that there are hidden costs involved in the transaction.
There are a few ways to avoid these unexpected costs:
- Find out what you might be charged. The government and official websites can provide you with information on the standard fees that are imposed, but you can also look deeper inside forums that could provide you with insider knowledge on things that people have been caught off guard by.
- Make a plan in advance, just in case, and make sure you have enough money to cover any additional or hidden costs you could incur.
- Choose a company that won’t take advantage of you in any way! So that you are not taken aback at the conclusion of the process and so that you are able to sell your home quickly and for a good price, you should make sure that the company you choose to sell your home quickly covers all fees associated with the legal, contractual, and solicitor fees.
Keep your mortgage payments updated
Have you lately been laid off from your job? Do you have concerns that you won’t be able to pay the bills related to your mortgage? Changes to your lifestyle or an attempt to relocate may have resulted in additional costs being added to your mortgage.
Mortgages are a complex and challenging industry. Make sure that your payments are updated if you want to fast-track the process of moving out of your home or selling it. In addition to this, you will need to determine whether or not you are able to transfer your mortgage if it has not yet been paid off. Despite the fact that the majority of individuals do not have any difficulties, there are some who do experience challenges that prevent them from being able to pay their bills. The event that this takes place may result in you falling behind on your payments, and your landlord or lender may initiate a claim for repossession against you.
As an example, the following are some ways to prevent the consequences of unexpected events:
- Get in touch with your landlord or lender as soon as possible. Your lender may be able to help you come up with an alternative plan to make your payments if you discuss your problems with them. The first step towards getting back on track is to let someone know that you are having trouble affording your payments.
- If you are running out of time, this may be the ideal alternative for you because it allows you to sell your house quickly and for a good price with a reputable cash home buyer. We will assist you in reversing any repossession proceedings at no additional cost, and we will even connect with your lender on your behalf. Sell My House Fast In Scotland provides competitive pricing and prompt service.
Get the perfect timing
When it comes to selling your home for market value or above, spring is by far the ideal season to do it. If you want to avoid lengthy ventures, it is recommended that you sell your property on a Friday during the springtime to attract prospective buyers. This is because research reveals that there is a day of the week that is best for selling.
Nevertheless, when it is September and your house is going to be repossessed, it is somewhat challenging to profit from this information because best selling time will be rendered useless. As a result of the fact that nobody wants to go and look at your house during the winter, the amount of time it takes for a good transaction to take place is greatly increased. When you list your home for sale online for an extended period of time, people may start to wonder why it has not yet been acquired, which can be bad for your potential to sell your home.
So, if you are wondering, “How can I sell my house for cash?” what courses of action should you take?
As for the answer? Seek the advice of a company that buys houses quickly and does not take these factors into consideration. We buy any house, regardless of the time of year, the day of the week, or the location; Sell My House Fast In Scotland will buy your property in a short amount of time and for a good price. If the house has a good equity balance, we are interested in purchasing it at a competitive asking price. Get in touch with us today to know more!