When you’re looking for the best way to sell your home, it can be difficult to figure out which method is right for your space. Some houses are more difficult to sell than others, and all present unique difficulties for the buyers. If your home is in poor condition, or in a bad neighbourhood, both of these can contribute to issues while you’re attempting to sell. If you want to sell your house fast, London home buyers may offer you some quick paths forward. Here are a few to consider.
Selling To A Cash Buyer
Cash buyers are one of the best ways to sell your home, because they appeal to a wide market. Anyone can sell to a cash buyer, and they’re often easier to work with than a real estate agent or a short sale. Cash buyers also buy homes in as-is condition, which means that they’re willing to purchase your home in whatever circumstances it might currently be in. No repairs, no renovations, not even cleaning if you don’t want to– that’s the perk of selling to a cash buyer. Even better, your sale is guaranteed, and you never have to fear that a mortgage lender will revoke your buyer’s funding. Cash buyers already have the money they need in their pockets, and they’re ready to give it to you! The only downside might be that you typically get slightly less money with a cash buyer than you’d get with a real estate agent- but since you don’t have to pay commission fees, repair costs, or anything else, isn’t that a good trade-off?
Selling To an Estate Agent
Selling to an estate agent is the way that most people sell their homes, but that doesn’t mean it’s the way everyone should. Estate agents know what they’re doing, and it’s their job to ensure that your home sells. After all, they don’t get paid unless your home sells! That being said, though, Estate agents can cost you a lot of money. Commission fees can cost you up a fairly high percentage of the profits, and that’s not even considering the prices of professional cleaning services for your home, professional staging groups to make your listing photos look perfect, and even repair services to ensure that your home will sell on the open market. It’s a lot of work, and with run-down homes or homes in bad neighbourhoods, it’s not always the best choice to make.
Selling In A Short Sale
Selling in a short sale is typically reserved for those who are underwater with their mortgage, and have missed more than three payments. Even past that, you have to okay it with your mortgage lender, and they might say no. However, a short sale enables you to sell your property for less than you still owe on your mortgage, as well as enabling you to get out of a mortgage you can’t pay for. You don’t make much profits off of this sale, because it all goes back to your mortgage lender, but you do get rid of your problem home, and you can seek out (hopefully cheaper) living arrangements.
Selling At Auction
Auctions are the fastest way to sell your home, but they also come with drawbacks. When you sell your home at auction, you’re guaranteed to sell within 28 days. That can be great if you need to get out of your home within the month, but it also comes with a significant issue. In an auction, you’re entirely reliant on what other people think your home is worth– and most people are just looking to get a good deal. That means that your home is going to sell for a much, much lower price than it would through any other method– under 20% of its usual market price. This isn’t a price that many homeowners want to pay, but for some, it’s the necessary measure.
Sell Your House Fast In London
If you’re looking to sell your house fast, London doesn’t have to be a tough place to do it. You just have to know how to do it. Luckily, with these four measures, home selling becomes a little easier. From cash buyers to short sales, you’ve got a good understanding of where to go next- and the best way to sell your home.