How to Sell My House Quickly

Introduction

We often find ourselves in situations were life has taken an unexpected turn, and as such requires our immediate attention. These events can include divorce or separation, ill health, debt or relocation. Whatever the reason, the outcome means that you need to sell your house quickly. The most important criterion in a speedy sale is the price of your home, moreover pricing your property so that it is attractive to potential cash buyers. So here's the steps you need to follow in order to sell your house quickly.

By: corine39

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Difficulty: Easy

Tips & Warnings:

You do not need to go to the expense of redecorating your home.
Choose your cash buying company carefully.
Remember you are under no obligation to accept any offers. The deal has to be right for you so that both parties find themselves in a win-win situation.
Do not approach these cash buying companies unless you decide that a quick, discounted sale is for you.

Step1

This is the most important step and needs to be considered carefully. Does your need to move exceed your desire to get the best price for your property? If your answer is yes then proceed to step 2, otherwise you should use more traditional means of selling your home, such as estate agents or private sale.

Step2

You then need to find a reputable and professional cash buying company for your house. These can be found by performing a search engine search, by typing in "how to sell my house quickly" for example, or in your local newspaper, yellow pages, etc.

Step3

Choose your cash buying company carefully. Here are my criteria for what to look for.

Step4

The Discount. The advantage of selling this way over using other methods is that a) it is quick, and b) it is a certain sale. As both of these are rare features in today's property market, you should expect to pay for these by discounting your property. Some companies I have seen have offered as little as 40% of the property's open market value. I would suggest you leave these well alone and aim to accept discounts in the region of 80% to 82% of your property's open market value.

Step5

Open Market Value - The Definition. Open market value is the price you would achieve if you were to ask your estate agent to sell your home within 8 weeks. It is not the estate agent's asking price, it is the achievable sale price.

Step6

Find Out Your Property's Open Market Value. You can find this out for yourself by looking at what similar properties in your area have sold for in the past 6 months.

Step7

Additional Costs. There should not be any additional costs associated with using this sort of service, other than the discount levied on your home. If the cash buying company suggest you pay for surveyors or solicitors fees, then walk away, there are plenty that don't!

Step8

Paid Solicitors Fees. Many companies will now offer to cover legal fees, so try and find one of these - it all helps!

Step9

24 Hour Sale. Do not trust any companies that advertise that they will sell your house within 24 hours. They wont!

Step10

Once you have chosen the right company for you, talk to them, fill in the necessary forms and chances are they will be able to help with your situation. Often, but not always, an offer will be made within hours and contracts exchanged within 7 days. You will also be given the opportunity to decide upon a completion date to suit you.

Step11

Sale and Rentback. There are many people who need to sell their home but don't want to move from it. Often cash buying companies will offer you cash for your home, buying it quickly to release the necessary funds you require. They will then allow you to remain in your home as a tenant for as long as you wish, at an agreed rent. The advantage of this is that your neighbors will not get to find out your business and you can carry on life as normal, without cash restrictions or moving costs.