If you want or need to sell your home quickly the answer
to your problem is a cash buyer. Straightforward
cash paid for property deals are much quicker and have
fewer complications than any other methods of selling your
house.
You may be moving abroad and want a fast completion
on the sale of your property or maybe you're facing
repossession and need to prevent the mortgage company
from seizing your home, or you may need extra cash to
solve a financial problem.
The cash paid for property by cash buyers is usually
between 65% and 90% of the current market value of
your property. When you sell your property to a cash buyer
you should take into account the benefits, compared with
selling your property through an estate agent.
In the current housing market and with nearly everyone
being affected by the credit crunch, you may have to wait a
long time until you find a buyer for your property. If
anyone is interested in buying your property, then it's
highly unlikely that they'll offer you the full asking
price anyway. So wether you sell to them or to a cash
buyer, you will more than likely have to sell your house
below it's advertised current market value.
You will also save on estate agents fees, advertising
costs, producing a Home Information Pack for your
property and you won't have to suffer pointless
viewings of your home by people who are involved with
property chains and are currently in no position to
buy your house, no matter how much they love or want your
property.
You won't have to put up with property sightseers
either. They are people who have no intention of buying
any property but enjoy passing the time of
day in other peoples' houses, either for the companionship
or for the ideas they can get from the interiors of
other houses that they can transfer to their
own.
Cash buyers will buy your property quickly and complete
the purchase within one to four weeks of you accepting
their purchase offer. In some cases, cash buyers can buy
your home within 24 hours! They also generally
cover solicitors costs and carry out their own
conveyancing.
Cash Paid For
Property
The biggest challenge when you want to
sell your property quickly is finding property
buyers who can buy your home without the need for a
mortgage or home loan.
Your ideal buyer is a homebuyer, property investor or
property developer that already has finance in place
and can exchange contracts immediately. They have the cash
to instantly buy your home from you direct, without
the need to involve a lender in the property
transaction.
But where do you find cash buyers for your property?
Your local estate agents will have cash buyer
contacts but will be unlikely to give their details to you
and cut themselves out of any commission they'd earn if
your property was sold through them.
You can advertise in the local press or search through
it for cash buyers who already advertise there.
You should definitely search the Internet
using a search engine like Google or Yahoo with a keyword
phrase such as 'cash paid for
property'.
However, if you want to be absolutely sure of securing
the sale of your home, you still need to make the property
attractive to the buyer. Here's how…
1) Give a full 'estate agent style' description of the
property. Buyers want as much detail on your
property as possible. Go through your house room by room
and describe the features that really 'sell' your
house to the buyer. Include room size measurements and
mention features like double-glazing, boiler systems and
anything else that adds value to your home - especially if
it is newly installed.
2) Get the property professionally valued. An official
valuation of the property from a local estate agent or
surveyor is crucial. You need to state the value of the
property in your description if you want to achieve a quick
sale. Most estate agents will give you a free valuation of
your property.
3) Invite offers at 10% - 20% below the property
valuation. By doing this you are
guaranteed responses to your request for a quick
property sale. Buying property at below market value is the
sales hook that will draw the right type of buyer in for
your property. Remember that estate agents fees, other
costs and any offer below the asking price that you
would normally accept will probably equate to around a 10%
reduction on your asking price anyway.
4) Get your property's paperwork
together. Collect all paperwork relating to your home
including guarantees for work done to the building and
information on your mortgage lender. This information
should already be included in your HIP (Home Information
Pack). Your buyer may wish to inspect these ahead of
making an offer to buy your property.
