From a change in personal circumstances – to disposing of an inherited property, there are numerous reasons for wanting to sell your house fast. Whatever your motivation, if you’re looking to secure a quick sale, you’re in the right place. This in-depth guide will give you plenty of expert tips, including the steps you should take and the pitfalls to avoid along the way.
Do you really need to sell your house quickly?
First off, take some time to consider whether or not a quick sale is actually your best option. While anyone selling a house wants the process to be smooth rather than dragging on for months, it generally doesn’t pay to be too hasty.
According to the HomeOwners Alliance, homes sold after 12 days offer the highest returns, achieving on average 100.89% of their stated price. A faster sale nets an average return of 97% of the asking price, while returns diminish the longer a property stays on the market.
Think about whether you can afford to wait a little while, as you’re likely to get a significantly better price. For instance, if you’re moving to a new area, do you have enough money saved to rent for a few weeks while your property remains on the market?
Understand the true value of your home
Whether or not you’re seeking to sell your house quickly, you need to have a clear understanding of its value first. At Chancellors, we offer a choice of valuations. As the first step for anyone planning to sell their home, we recommend booking a free market appraisal and we’ll send one of our local experts to visit your property. As well as a price estimate, we’ll talk through the tactics we’d use to get the best possible sale price in a timescale that works for you.
If you are not quite ready to book a free market appraisal, you can get a free instant online valuation, which will give you an estimate of how much your home is worth based on the typical property condition in your area.
Should I use a “quick house sale” company?
So-called “quick sale” companies can seem like an attractive option. They offer to sell with minimal turnaround time – paying in cash – by buying your property directly or sourcing a third-party buyer quickly.
As an estate agent with more than 200 years’ experience in selling homes, we would advise caution in using one of these services. The government’s impartial Money Advice Service warns that you should expect to receive around 25% less than your property’s true market value if you choose to sell via this route.
Although any industry has its share of “bad apples”, it should also be noted that there have been some high-profile horror stories about quick sale companies – often connected to the buyer dramatically cutting their offer at the last minute.
If you are wondering how much it costs to sell a house, read our article on The cost of selling a house: everything you need to know.
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Top tips to sell your house fast
Here are some practical steps you can take to encourage a speedy sale:
Help us to help you
When it comes to wooing prospective buyers, a little intimate knowledge about the property can go a long way. While the estate agent should be highly adept at showcasing the positive aspects of your home, buyers understandably want to know a little more before making an offer. Provide your agent with as much information about the property as possible – a detail that seems insignificant to you might just help us to close your sale. Also, do your best to reply promptly to any questions that arise from our viewings.
Spruce up your home’s curb appeal
First impressions count, especially for anyone trying to sell a house fast. What impression would someone form about your property when they pull up outside? Will they be greeted by an overgrown lawn, bins, dirty windows and cracked paintwork? If you’re looking for a quick sale, the last thing you want is to put off a potential buyer before they’ve even stepped through the door. Take the time to properly consider your property from the curb (and maybe ask a couple of your more critical friends or relatives to do the same).
Small details make a big difference
Once you’re confident that the exterior of your property looks its best, it’s time to turn your attention to the inside. Seemingly minor details can be a real deal-breaker for people viewing your home. Make sure you give it a good airing and avoid making strong-smelling food in the run-up to a viewing. Don’t go overboard with artificial scents either and opt for subtle, neutral fragrances like vanilla or fresh cotton. Polish taps and wooden furniture, mop tiled floors, vacuum carpets and make sure the beds are made.
Ready to sell your house? Take the first step by requesting a free, no-obligation property valuation today!
Correct at time of publication (20th November 2018). The views and opinions expressed herein are those of the individual contributor and do not necessarily reflect those of the Chancellors Group of Estate Agents Ltd or its subsidiaries. References to legislation, best practice and other matters with legal implications such as fees, rules and processes are included for information and editorial purposes only and are not authoritative, nor should they be interpreted as advice. When in doubt you should only take advice from an industry professional or solicitor where appropriate. E&OE.