According to house sale statistics, only a paltry 5 percent account for private house sales in the UK. Interestingly, private house sales have been on a steady rise with their popularity growing fast especially among those sellers that have been disappointed by traditional estate agents.
Research has shown that the average age of homeowners who opt for private house sale is 40.2. This means that they are likely to be second time buyers that have worked with estate agents before and have gained the confidence to go it alone.
The beauty of selling your home without enlisting the services of an estate agent is that you have more control over the sale process from marketing to conducting viewings as well as negotiating the sale price. But is it all rosy? Here are some pros and cons of selling your house through a private sale.
There is a downside to selling your house through a private sale that nobody may tell you about. The cons include the following:
While it is possible to sell your house by yourself, it is equally important to ensure that you look into the disadvantages of pursuing this avenue to sell your house so that you are shielded from the disadvantages as well as any eventualities that may arise.
There are various reasons why you could be considering a quick house sale. Well, while the most obvious reason is usually speed, a quick house sale may be prompted by other factors that require a quick solution.
Generally, if the company or individual that is interested in purchasing your home are not depending on the approval or even implementation of a mortgage or any other loan facility, they are likely to make a decision on their quickly as they are not reliant on third parties.
The absence of third party involvement makes the process less problematic because the need to liaise with potential buyers and estate agents are eliminated from the equation.
In addition to speed, life presents different circumstances that can prompt the need to sell your house fast. Here are top 5 reasons to opt for a quick house sale:
When you jointly own property with your partner or spouse and you terminate the relationship, you will need to determine how much of this property you are each entitled to. If this happens, then you may know pretty well that the agony of having to wait for the sale of your house to go through before you can part ways. Thus, by opting for a quick house sale you can be sure to reduce the stress that is associated with this somewhat sensitive situation, effectively bringing a quick viable solution.
You may need to relocate together with your family due to the loss of your job or even a job promotion. When you have to move where there are jobs or to your new workstation then waiting for the right buyer on the open property market is not a feasible option. Conversely, it will be more advantageous to sell your house to a property cash buyer as they are in a position to secure a quick sale fast and efficiently letting you relocate on time without stress.
An impending repossession as well as other financial difficulties you may be facing may be the reason you want to sell your house through a quick house sale. Having considered an existing mortgage, a quick house sale could be the only way to clear your outstanding debts.
The pain of losing a loved one can be difficult to put up with. It even gets worse when you inherit property from them, as you will be constantly haunted by their memories. Even then, you can get around this by sorting out the estate of your departed relatives through a quick house sale. In fact, for some people this is part of the process of the grieving process and moving on. Obviously, a quick house sale will reduce the stress of waiting for potential buyers and even having to show them around during viewings.
Being in a good state of health is very crucial to your overall wellbeing. When you are suffering from an illness for a long period, this can have a serious effect on your finances and even the ability to work. When you do not have a steady stream of income, you may be left with no choice but sell your house to finance your treatment or private medical care.
Overall, a quick house sale may be necessitated by a number of reasons as discussed above. Even then, you need to be cautious so that you do not end up selling your house to a rogue quick house sale company or buyer.
Selling For Cash – this is our easiest sale method whereby we simply buy your house from you for cash. Regardless of the location or condition we will be able to buy your house from you and give you the funds within 7 days.
Assisted Home Sale – with an assisted sale we work with you to get your house sold quickly on the open market by taking full control of the sale process. If this means we have to refurbish the property we will do so at our cost.
Quick Sale Estate Agency – sometimes our cash offers are not high enough or you don’t need to sell in such a hurry – but are still motivated to sell quickly. Our estate agency model is one of the best in the industry and can get you moving fast.
Lease Option – a lease option is where we take control of a property you own and agree to complete at a later date. This is great if you have negative equity in the property.
Selling At Auction – we work with one of the UK’s largest auction companies and can assist with a no sale no fee national auction of your home.
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We aim to provide you with access to the best possible solution to selling your home quickly. This often means we must pass your details to a third party to assist with your home sale. You are free to opt out of any marketing we do or our partners do at any time.
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.