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I Want A Free House Valuation – What Are My Options?

Selling your house doesn’t always have to be a daunting task and here at Ready Steady Sell we can help you every step of the way. One of the first steps to selling your home is finding out exactly how much your house is worth, and the only real way to do this is from a RICS chartered surveyor.

We can give you a free house valuation on our site, but you must remember this is not an official valuation, and only an independent surveyor can do this who is regulated by the FSA. We base our offer on a number of factors, such as when you want to sell your house fast, the current market climate, the condition of your property and the area it is located.

Even then, our online offer is not guaranteed and not binding, as we will need to see your home to give a real estimate. The best thing to do is to get a free property valuation online from us so you have a rough idea how much your house is worth.

You can also read our top tips and advice in our blog if you are considering selling through an estate agent, so you know how much they should be asking for your home.

Official RICS Valuations Explained.

When we value a property, we always get a fair and independent valuation from local estate agents. This enables us to further our aims of treating every client with the utmost openness, honesty and integrity.

We then confirm the estate agent’s valuation with a RICS valuation. This is done at our own cost, so you don’t have to worry about paying for it to be done. Furthermore, the RICS valuation is the industry recognised valuation method for property, so you can be sure of getting a reliable and realistic quotation for selling your house via the fast sale method.

Of course, it is also worth remembering the official valuation is yours to consider. If you decide you do not want to accept it, you are under no obligation to do so. This means that when you use our service you can get an official valuation of your property at no charge, and you can then decide whether you want to go ahead and sell your home to us or not. Our service is reliable and trustworthy so you can always be sure of getting a realistic and official valuation when you come to us.

Our Cash Valuation Explained.

Deciding how much you want to offer to buy a property for can be a real challenge. The same applies when you are trying to decide how much to offer your own property for in order to sell your house fast. If you want to sell on the open market you should take your cue from the quotes given by estate agents. Once you have their idea of the price, you can decide on the most appropriate sum to offer the property for.

When it comes to buying, it can work well to offer just below the asking price. However, don’t offer too far below unless the property has been on the market for a long time or it needs a lot of work doing to it.

When we make offers on properties via our fast sale service, we take into account a number of different factors. We consider where the property is, how much work needs to be done to it and also the general condition of the property. This enables us to make an accurate offer price for the property, and you can then decide whether or not you want to accept it for a fast sale without obligation.

My Property Has Been Valued By An Estate Agent.

Plenty of people get their property valued by local estate agents when they are thinking of selling their home. However, if you are considering using our service it is wise to remember such a quotation is not valid. We buy at a discount in exchange for achieving a fast, no hassle completion. This means our service is not for everyone: if you want to achieve the highest possible price and you are prepared and able to wait to achieve it, you should go down the normal route.

The people who use our service normally want or need to sell very quickly. There could be a number of reasons for this, but the main thing to remember is you are getting a guaranteed fast sale (sometimes in a matter of days) in exchange for a lower selling price.

So consider whether our service is right for you and whether you are in an urgent hurry to sell your property and move on. If you are, we may be able to help. Remember, we do not buy at estate agent prices, however we can offer a very fast and discreet service where we can buy houses for cash and complete in as little as 7 days.

Free House Valuation Tools – Seller Helpful Info.

If you are thinking of selling your house, the first thing you will want to know is how much you might be able to sell it for. The good news is you won’t have to pay a penny to get the valuation you need.

The obvious route to getting your home valued is to contact an estate agent. Ideally you should contact three and get quotes from all of them, settling on the most realistic price after getting the three estimates back.

Of course, this assumes you are happy to sell on the open market, which can take some time. If you need a faster sale you could contact a house buying company such as Ready Steady Sell. You can still get a free valuation for your home by filling in the form on our website. All we need are a few details and we can provide an offer with no strings attached in just a short space of time.

Of course there are other sites that provide estimates of what specific properties might be worth, but the above methods are the best ways to find out what you could get for your property in each situation.

We would be happy to discuss your valuation and offer over the telephone in the first instance, please get in touch to discuss your quick sale options.

Further useful links:

RICS – RICS or Royal Institute of Chartered Surveyors are the only way of knowing the exact value of your home. They are the company most mortgage companies use to value property.

Zoopla – Zoopla offer a free valuation service online, which is in our opinion 80% accurate. It is a good place to start to get a guide price of what your home may be worth.

Money Saving Expert – a lot of information about valuations and free services online.

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A Breakdown Of What To Expect From Ready Steady Sell

  • No selling fees to pay
  • Free house valuation by RICS
  • No lengthy contracts to sign
  • No last minute price drops
  • Best industry price match guarantee
  • A quick sale in a time that suits you

What Is The Best Way To Value My Property?

When it comes to valuing a property the only true valuation that means anything is a RICS valuation. RICS carry out valuations on bahalf of mortgage companies and give out the true value of a property. However if you are looking to get a rough estimate for free you can get an idea of what your home is worth by doing a little bit of internet research.

We have specific in house tools that we use to value a property, however using the below method should give you a figure that is similar to what RICS will come out with.

STEP 1. Sold Prices In Your Area

The first step to researching your property valuation is to look at what has sold in your area within the past 12 months. You can do this by heading over to nethouseprices.com and entering your postcode in the sold prices section. This should bring up some statistics of what has sold recently in your area. If you live in a remote area there is a chance nothing will come up with your postcode alone, so you may need to expand the radius a little.
One thing to bare in mind is that sale history doesn’t account for the condition of a property or the amount of bedrooms. So you will need to account for this when you record the top 3 recent sales within your postcode region. A great way to account for the condition of the recent sales and the amount of bedrooms is to use Rightmove to your advantage.

Our team have access to additional data on Rightmove which we use as part of our valuation process – however there is free sale history information on Rightmove that you can use.

If you head over to this section of Rightmove you can again search for your postcode. What this search will do is bring up properties that have sold on Rightmove in your area; however they will also include photographs (so you can check out the condition) and also the size of the property.
Again, make a note of the top 3 recent sales and also make a note of the condition of these particular properties and if they have any different features to yours.

STEP 2. Accounting For Differences In Sold Properties
If you take an average of the 3 properties you have recorded you should now have a starting point to what your home is worth. However, your property may be in better/worse condition than the ones you recorded – so you need to account for this. If you have a new extension, conservatory, double garage or any other feature that the other properties didn’t have you need to add this difference onto your average price. You can use this as a guide for what price to add on for what feature.

Also remember if your sold house price list has any of these features and you don’t you need to discount this from your average.

STEP 3. Is Your Area A Buoyant Area For Sales?
The next thing you need to take into account is whether or not your area is on the up or down as far as property sales transactions go. To find out this information the best place to look is Zoopla.

Zoopla does actually give it’s own valuation for property, however it won’t be as accurate as the information and research you are doing here – so please ignore this for now. The information what we need is the yearly price rise. So if you enter your postcode into the sold history page, you will be given a percentage figure stating “rise of xxx% since 12 months”. Take a note of this percentage and add it on to your accumulated sale price so far.

STEP 4. Predicting The Type Of Buyer
At this stage you have a fairly good idea of what your home is worth, and if your area is buoyant you should have no trouble requesting an estate agent to list your property at this price. However, what happens if you want to sell your house fast and want to know what figure you will likely achieve? The answer to that is fairly simple and a basic calculation should give you an idea of what a cash buyer will pay.

The price you have so far we would call a traditional estate agent sale price. Minus your fees, and minus an average 6 month wait – this is the price you could achieve on the open market.

For a cash sale, in 7 – 10 days to a company like ours, you would be looking at a discount of around 25% of this figure. This may seem like a lot, however if you calculate in fees, waiting for 6 months and being stuck in a chain, it’s actually not too bad. However, it doesn’t suit everyone.

For a none traditional sale such as an assisted sale, or online estate agent, realistically you need to discount around 10% of the estimated figure.

I Have A Property I Want To Sell Fast – What Price Should I Sell For?

Putting a price to your house when opting to sell house fast is perhaps the toughest decisions you will have to make. However, you have to do it anyway. How then do you decide the value of your house without putting it too high or too low?

Let’s begin by looking at the basics. You need to understand that the process of placing value to property is as much luck and art as science. That is, once you have done all things possible to make the house more appealing to buyers, consider the odds that favour you. Keep in mind that you will make the final decision and not the estate agent.

At this point, you can adopt a two stage approach; that is you come up with the best estimate for the likely price the house could achieve or develop a selling strategy that takes into account how fast you want to sell the house as this usually has an effect on the price.

When working out your asking and final price, you will do well to desist from the temptation to rely on valuations from estate agents and mortgage lenders as they could be having their own agenda that is not in line with yours.

Besides, estate agents who are not familiar with the dynamics of the local property in your area will rely on house sale statistics from sources like the Land Registry hence may not give informed insight into the local variations in prices that are influences by factors like local school catchment areas or transportation links among other things.

On the other hand, estate agents with good knowledge of the area may suggest a valuation that is unrealistically high so that you can instruct them while mortgage valuers will in most cases give low valuations to protect the mortgage lender’s interests. You will be surprised to find a difference of up to 20% between a valuation by an estate agent and mortgage valuer.

How then should you go about determining how much you should sell your house for?

  1. Conduct an independent research

Turning yourself into an expert on the local house prices will definitely pay off. You can use websites such as Mouseprice, Zoopla or Rightmove to determinie how much houses in your street have previously sold for and even the current sale price. You just need to ensure that you are looking at properties that are comparable to yours. Focus on the asking prices in the area, check estate agent windows as well as websites. You also must familiarize with the dynamics of the market specifically paying attention to whether the prices are rising or falling, whether there is a buyers or sellers glut and if houses actually sell fast for their asking price.

  1. Keep in mind negotiation is presumed

Most buyers are of the assumption that there is room for negotiation hence the asking price is not final. This means that you need to be prepared to make adjustments of at least 5-20% of the amount you expect to get from the sale.

  1. Consider stamp duty

You need to take into account stamp duty and how it is arrived at when determining your sell price. This way, you can be sure to come up with a realistic figure for your house.

  1. Determine your house sale strategy

Once you are extensively and sufficiently learnt about the price of your house, you should then develop a strategy for selling it. Different estate agents will have a different approach based on their experience. Thus, you will do well to listen to their advice even though you should not feel compelled to accept it. The major factor is how fast you wish to sell your home. If you are keen on selling your house quickly, there are a number of factors that could inform your decision. Some of the common strategies include the following:

  • Settling on a lower price. Estate agents take this into consideration by indicating the property is priced to sell quickly. By taking this approach, you are likely to attract speculative cash buyers that usually makes the transaction go through very fast.
  • Sealed bids – The other option you have is using sealed bids. This is ideal where there is a lot of interest in your house and the market is equally hot thus you can ask for the best and final offers by a certain date. This usually gets rid of the protracted sell process while resulting in good prices. Since you ask for the best and final offers, buyers put in good offers that are significantly above the asking price. However, the danger with this strategy is that you good get some cheekily low offers that will leave you at square one. Therefore, keep in mind that offers are not legally binding hence you can reject them if they do not meet your expectations.

What if you are willing to take things slowly?

If you are not under pressure to sell your house fast for a price you are not happy with, you could consider these two approaches you could consider:

  • You can opt to start high but be ready to go lower. That is, if you are able to sell at the initial high price, the better. Otherwise, you can slowly reduce the price until you are able to sell. By this time, you will have tested the market thoroughly. The only danger with this approach is that your price may sit on the market for so long so that it is blighted in the face of potential buyers that will be asking if the property has a problem. Even then, you can reduce the risk by taking it off the market for a while and then start all over again later. Remember, this is only possible when you have a lot of time.
  • Start low and attract attention with the aim of getting the bidding war going so that purchasers get bidding each other up. This approach will only work well where the market has many willing buyers and few properties for sale. It is then combined with delaying to accept any offers for the first period. Even then, this approach is rare.

Ultimately, determining the value of your house is a process that can take different approaches depending on what works for you, the homeowner.

Pricing your House for a Quick House Sale

The process of selling your house can be stressful and frustrating. In short, it is hard work and must be approached as such especially if you are looking to sell your house fast. This is largely because the market is highly competitive and it is likely that you do not have information on the dealing of the property market.

Pricing is crucial is crucial when you want to achieve a quick house sale. Even then there are other factors that affect the price of your property among them preparation. Preparation is largely important because you get to put yourself in the best possible position before you even get to start advertising your house to potential buyers.

Once you have prepared your property for the market, you will need to engage an estate agent and leverage their knowledge of the local property market. The agent must trustworthy with a good reputation so that they guide you through the whole selling process.

How then do you ensure that the estate agent is working with your best interests at heart? Well, this calls for you to do your own research at the same time. In addition, will do well to ensure that you do not sign up with an agent that over values winning a business as they might just knock down your property’s asking price in order to achieve a sale.

Property experts advice that you look up the recent sold house prices within your location on Zoopla and Rightmove before settling on an asking and probable final price especially because you want to sell fast. This will give you a feel of how much your property is worth as well as how much you are realistically prepared to wait before you complete the sale.

Identifying the major selling points is also key when pricing your house for a quick house sale. That is, ask yourself what is it that will attract buyers to your property? The answer to this question could be anything from proximity to the shopping center or schools to the availability of transport infrastructure.

The age of your property is also important when coming up with a price that will promote a quick sale of our property. Generally, you will need to consider any cost of maintenance that may have been incurred over time against new build.

With all the information gathered on various aspects that could affect the price of your property, you should have a clear idea of what you want and get ready for viewings and offers from prospective buyers.

Once you accept an offer, you can then let a solicitor of to handle your conveyancing needs so that you get the transaction moving as per the legal requirements. Since you are interested in selling your house fast, you may want to speed up the conveyancing process.

Ultimately, always keep in mind that navigating the local property market can be stressful and unpredictable. However, when you prepare adequately and with the right advice you can be sure to unlock the potential of your house. If you cannot go through this process, you may want to consider selling your house to a quick house sale company where you can sell your house within a record seven days.

What is the timescale for Selling your House?

When selling your house, it can be very difficult to predict the timescale for selling. This is particularly true when you are aiming at linking your sale with your purchase yet you haven’t found a property you can buy.

Sometimes, you could have found somewhere but when the upper chain is incomplete, then it is difficult to mention specific dates. This means, you need to ensure you seek commitment from the buyer and find out when they instructed their solicitor, when they applied for their mortgage and when they are scheduled to have the survey done.

If you timescale for exchanging contracts is quicker, then you are likely to keep your buyer onboard. Should they try to renegotiate or even walk away after they have seen their survey results then you may want to consider getting your property back on the market.

In fact, this is usually an advantage for you as you are able to find another buyer before your property stays on the market for too long to become stale.

Ultimately, you need to keep in mind that some buyers may be prompted by genuine reasons to want to renegotiate the initial offer while others believe in the need to haggle even though they do not have a valid reason.

It is highly likely that those buyers, who are highly motivated, are will be flexible in their negotiations. If you realize that they are actively negotiating about spending money on buying your property, then they are less likely to be having the thought of making an offer to another seller.

In cases where your buyer delays the process without a substantive reason and you are relying on the proceeds from the sale to purchase to pay for your dream home, then the homeowner of the property that you are intending to by will definitely doubt your commitment. Overall, it is important that the process of selling your home is not allowed to drift because if it does not sail through there is a greater risk of it not happening at all.

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Disclaimer: We do not provide any financial advice. Ready Steady Sell works with regulated property brokers whom have the ability to purchase your property for cash. Our service is free and you are under no obligation to accept the quotes you receive from our partner companies. You may be contacted by regulated firms that can help you sell your house quickly.