There are many options to sell your home in the United Kingdom and depending on your timescale it can be difficult to decide which routes best.
The Options And Their Estimated Timescales
- Auction: 28 Days
- Estate Agent: 1 Week – 1 Year
- Private Sale: 1 Week – 1 Year
- Quick Sale Agent: 7 – 15 Days
Cash Buying Company/Quick Sale Agent
There can be many reasons for looking to sell your property quickly:
- Employment difficulties
- Stopping a repossession
- Mortgage Problems
By Googling house buying companies, sell for cash, quich 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.
Some cash buying companies can offer you a sale completed within 14 days.
Using An Estate Agent
Using an estate agent can be another great way to sell your house.
They’ll market your property and deal with any enquiries, arranging viewings and negotiating a price.
A Few Points To Note
- 12 week tie in period
- Property may not sell in the time period
- You may look at instructing another agent and enter into a further 12 week contract
- Research commission charges before you decide which agent to go with
Sell At Auction
Selling at auction is best for people who want to sell their house as quickly as possible.
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 catalogs, a cost that you will have to cover regardless of whether your property is sold or not.
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!