Decided To Sell Or Need To Sell Your House? [Infographic]

Have you decided to sell your house? Below we cover some of the different options you have.

Selling With An Estate Agents

Estate Agents will normally tie you in for a period of 12 weeks to give them the chance to exclusively market your property.

The property could sell within this 12 week period but if it doesn’t you may look at instructing another agent and enter into a further 12 week contract.

The process can be lengthy and ensure you research commission charges before you decide which agent to go with.

Selling At Auction

Selling at auction is best for people who want to sell their house as quickly as possible. But remember to pack your bags in time – you will have to hand over the keys 28 days after the auction date.

The auctioneer will charge you for the advertisement in brochures and catalogues, a cost that you will have to cover regardless of whether your property is sold or not.

You will also have to pay a commission of around 2.5 per cent of the sales price.

Before signing any agreement, find out about all the expenses you will have to cover, even if your house is not sold.

Selling Your Home Privately

Before you become over-enthusiastic at the thought of what you will buy with the 3 per cent estate agent commission you are saving, consider the amount of work that a private sale involves.

If you are also buying a new property, consider it again! This might well be one of the most stressful things that you have done in your life!

Using A Cashing Buying Internet Company

There can be many reasons for looking to sell your property quickly, employment difficulties, stopping a repossession, mortgage problems or emigrating.

By googling house buying companies, sell for cash, quick house sale, etc, it is easy to find many potential cash buying internet companies as well as local estate agents and media that private ads can be displayed in.

As with everything, the level of reliability and service offered by the various companies that buy houses fast can vary dramatically from the very good to the downright bad. Some cash buying companies can offer you a sale completed within 14 Days.

Here are some basic questions that you might want to ask of anyone who is offering to buy your home:

  • How long have you been in business?
  • How many properties do you buy?
  • Do you buy yourselves or are you buying on behalf of others?
  • Is it a cash purchase or are you raising a mortgage against my property?
  • Do you pay for the valuation and solicitor’s fees or will I be charged anything?
  • Will you fit in with a completion (moving) date that suits me?
  • If something goes wrong, are you regulated?
  • Do you have a complaints procedure?
  • Do you carry professional indemnity insurance?
  • Do you offer cash back?

If the answer to these questions is vague or simply a “no”, you might want to think about trying another company that buy houses.

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Jonathan Rolande
Author:

Starting in property agency in 1988, I moved into lettings during the early 1990s and in 1998 acquired an estate and letting agency business which is still running successfully. During this time I have helped many hundreds of sellers and purchasers within the property industry, a field in which I am now specialising. Member of The National Association of Property Buyers.

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