10 ways to get a fast cash sale of your home In 2023
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As a homeowner in the UK, there are times when you might want to sell your home quickly.
Whether you’re relocating, downsizing, or simply need the cash, the process can sometimes be daunting. Fear not, there are proven strategies you can use to secure a fast cash sale. UK industry experts in quick house sales and ‘we buy any house’ companies Ready Steady Sell explore 10 tips that you can use in 2023 to sell your home quickly for cash.
1. Reduce Your Asking Price with Your Current Estate Agent
Sometimes, a high asking price could be the roadblock in your quick sale. If your property has been on the market for a while with no serious interest, consider reducing the price. Consult with your estate agent and review similar properties in your area to arrive at a competitive price.
2. Advertise Asking for Cash Buyers Only
Explicitly stating that you’re looking for cash buyers can filter out other interested parties. This step could speed up the selling process since cash buyers often complete the transaction faster than those relying on mortgages.
3. Put Your Property to Auction
Auctions are another great way to secure a quick sale, as they attract cash buyers and investors. However, keep in mind that while an auction can potentially secure a sale quickly, the final price might not be as high as you’d hope.
4. Ask Your Agent to Actively Promote Your Home to Their Database of Cash Buyers
Estate agents have access to a network of potential buyers, including those who can make cash purchases. Ask your agent to actively promote your property within their network to speed up the sale.
5. Advertise Your Property Yourself Online to Investors
Online platforms are an excellent medium to reach potential cash buyers. Post high-quality pictures of your property and provide all necessary details to attract investors.
6. Use More Than One Estate Agent
If your property isn’t selling as fast as you’d like, consider using multiple estate agents. While this could mean higher fees, it may increase your chances of finding a cash buyer quickly.
7. Change Estate Agent
If your current estate agent is unable to secure a fast sale, consider changing to another. A different agent might have a different approach or a broader network, which could lead to a quicker sale.
8. Use a 30-Day House Sale Specialist
30-day house sale specialists are experienced in selling homes quickly. Their extensive network of cash buyers and investors can help accelerate the process.
9. Part Exchange Your Home with a Builder
If you’re planning to move into a newly built home, consider part-exchanging your home with a builder. This option can be quick and hassle-free, as the builder becomes responsible for selling your old property.
10. Use a Cash Property Buying Company
Finally, consider using a cash property buying company. These companies offer a speedy and straightforward way to sell your home. They handle all paperwork and typically close the sale much faster than traditional methods. However, this should be your last option as it can result in a lower than average offer as well as being an industry that is rife with scams. As a seller you need to be aware of the various mistakes to avoid while trying to sell your home quickly.
Remember to do your due diligence when selecting a cash buying company. Check their credentials, read reviews, and ensure they belong to a professional body, such as The Property Ombudsman (TPO) or the National Association of Property Buyers (NAPB) in the UK.