Do you need to sell your house fast? Selling to a cash buyer is always an option whatever your circumstances. Generally, it is more suited to people who NEED to sell rather than just wanting to sell.
Common Reasons Why You Would Sell Your House to a Cash Buyer
Typical reasons why people sell to cash buyers are:
- Need to sell quickly to avoid repossession
- Need to get money quickly for debt repayment or other reasons
- Need to complete a house purchase quickly
- Relocation due to work commitments/ job transfer
- Inherited a house and can’t agree with family menbers
- House needs repairs and you don’t want to fork out for a house you don’t want
- Financial trouble due to business failure
- Landlords fed up with tenants in a rental property they own
The Benefits
- Speed – a Cash Buyer can guarantee a quick sale
- Certainty – Cash Buyers are not in a chain like a normal residential buyers who need to sell their own house first
- No Repairs needed – Cash Buyers by properties in their current state. You don’t need to worry about repairs
Note:
- You will not get full market value for your property with a quick cash sale
- There are other options where you can get full market value but these take longer
- Call us to find out if this is suitable for you
How It Works
Typically for a straightforward quick sale, a Cash Offer would be around 75-85% of the open market value (open market value is the price that the property could be expected to sell for within 6 months at the current market if it is in updated and in excellent condition).
Here is a typical scenario:
Estate Agent advertised price: £150,000
Open Market Value: £140,000
Quick Cash offer: £105,000
The offer might seem low. This is due to buying, selling and financing costs which can be considerable. Also, the uncertainty in the property market due to Brexit and the possibility of interest rate rises need to be taken into account. We need to build in safety room the possibility of prices falling between when we buy and when we sell it.
So, Should you sell your house to a cash buyer? In our opinion, it should be considered where the benefits of a quick sale outweigh the drawback of selling below the market value.
You Don’t Have to Sell Your Property For Less Than the Market Value.
We Can Pay Up To 95% of Market Value For Your House
If you need or want to sell your house fast, just fill in the form on this page:
