Although quick house sale firms are approached with a lot of caution, they are very handy when you want to sell your property fast. This is because there has been concern about homeowners being misled and lose out financially by companies that promise to buy the house only to reduce the price at the last minute. In some cases, some of these companies will not offer clear fee structures or even make false valuations.
For starters, quick house firms offer to buy your house of even identify a third party buyer within a short term for cash payment. However, the price is usually discounted usually 75% while the company pockets the rest hence, not the same as the actual market value.
Generally, these companies will sell your property within a matter of days. As such, a quick house sale is ideal if you are looking to raise cash quickly or push through a hurried sale to clear debts, avoid repossession or get around issues that are making it difficult to sell property such as areas that have a high risk of flooding.
There are numerous things you need to do before deciding to sell your property through quick house sale companies. Here are the some of the important things you need to consider:
Quick house companies offer the much needed relief when you want to sell your property within a short time. However, you need to take time to take a number of factors into account before committing to the sale agreement.
Property valuation is a crucial step towards selling your property. This is because through a valuation you are able to determine how much your property is worth and consequently quote a reasonable asking and selling price. Thus, a valuation report will take into account all the factors that affect the value of your house.
Generally, it is only a registered valuer who are regulated by the Royal Institute of Chartered Surveyors that is qualified to conduct property valuation. Thus, when choosing your valuer, you need to ensure they demonstrate considerable knowledge of the properties within the area where your property is situated.
Independent valuers are usually a good option choice of commercial and residential valuation requirements. Before requesting for a valuation, it is important to know the numerous factors that affect the value of your property including the valuation process that involves the following:
The property valuation process is intricate as it takes into account numerous factors that have a direct impact on the price of your property.
One of the reasons you will opt to sell your property through an estate agent is to be able to sell your property fast without being defrauded. You may also be motivated by the need to achieve the highest price for your property albeit within a short time.
Even then, you should not be blinded so much by the need to sell to forget that the estate agent can do for you so much more. Simply put, it pays to know how you can make the most of your estate agent to maximize your chances of landing a quick or an effective sale in any given transaction.
Here is how to get the most from your estate agent:
Ultimately, desist from the temptation of going with the agent with the highest valuation, as it is not necessarily accurate. Endeavour to check the sold price of properties that are similar to yours that sold recently within your area. This way, you will avoid having the property up for sale when it will obviously deter buyers.
Where possible, they need to ask you to check these details and offer an affirmation or clarification. Most importantly, interrogate the quality of the photos taken.
However, if you opt for this then you must ensure that the house is extremely clean and tidy, as this will maximize the chances of a quick, successful sale.
Most importantly, let the estate agent check and be sure that the buyer is serious. This is because some buyers will put in multiple offers with the aim of buying time.
Thus, you need to work in partnership with the estate agent to coordinate bank valuations, solicitors and surveyors among other things. Most importantly, they should let you know if there are any problems that need to be solved.
Overall, you need to ensure that you have a healthy relationship with your estate agent in order to get the most from them. Always keep in mind that the estate agent is working for you hence they are accountable to you and must be able to take instructions you give to help sell the property fast.
When selling your house through a quick house sale firm, you not only need to be well informed but also have a proper understanding of how this kind of sale works. If you have decided to sell through a quick house sale, here are some tips to guide you through the sale:
In case, you have any problems with the quick house sale company, you can raise a complaint with the company so that they can investigate and resolve your complaint. If they are unable to deal with it, you can refer the matter to the Ombudsman Services: Property or The Property Ombudsman who will address the issues raised.