Stop! Before You Sell, Read This
Despite what you might hear about the property market slowing down and buyers disappearing from the face of the earth, there are in fact still many people who want to buy property in every area of the UK.
Unfortunately there are also many people out there who want to buy but for whatever reason probably won’t. There are many reasons for this including:
- Too much choice. As the market cools buyers agree to buy a house then change their minds when another comes along.
- Can’t raise finance. Mortgage money is still difficult to find with lenders becoming more cautious all the time. Plenty of will buyers pull out simply because they can’t get the loan.
- Cold feet. There’s a lot of talk around about recessions, prices dropping, the market stagnating. Probably exaggerated but these news reports will put off some buyers part way through a purchase.
So what can you do?
Using a good estate agent is one solution to increase your chances of selling first time. A good agent’s fall through rate will be about 10 – 15% of sales agreed. A bad agent more like 35%.
Auctions can be good, very few sales don’t complete once the hammer falls – but not every property will sell, around 25% don’t. You’ll also have to pay to enter it with no guarantee.
A professional property buyer like House Buy Fast will offer less than market value but will cover all fees, so what is offered is what you, the seller actually gets at the end.
Plus, as a property professional we publish independent customer reviews and purchase in line with a Code of Practice overseen by The Property Ombudsman Service.
Before you sell, consider all your options and do your homework on whoever is involved be it an estate agent, auction house or professional buyer and you’ll be more certain of a faster, more reliable sale.