What is the best way to quickly sell your house?

What is the best way to quickly sell your house

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Selling your house can be a difficult process, especially in these hard economic times when buyers are few and far between. Sales can often fall through and this can be both extremely disappointing and time consuming. So what is the best way to quickly sell your house?

The traditional way to go about selling your property is going via an estate agent, this however has its pros and cons. Selling through estate agents means that you get expert opinions and the process is managed by trained professionals, meaning that this can often be the easiest way of selling your house. However, this can be time consuming and of course estate agents can often charge heavy fees. It typically takes around three weeks for an estate agent to value your property and to take photos for their advertisements. With a good estate agency your property will also be advertised online on various different websites, including their own. Prior to this, it normally takes a few weeks for viewings to be arranged. Typically, for each property advertised, around ten to fifteen viewings are arranged. This can be a problem for some people as, when selling your house, any renovations or property facelifts have to go ahead. Essentially, your property has to be in optimum condition in order to give you the highest chances of making a sale. This itself can be extremely time consuming and costly and given the slow turnaround of estate agency sales, then your house has to be in tip top condition for around seven weeks, a standard that is difficult to realistically achieve when the property is being lived in. Selling your house through estate agents, takes on average around 8 weeks to the point of an offer, though of course after an offer has been made, things can still go wrong and often do with buyers pulling out and lending falling through.

An alternative option is to conduct a private sale, though this has much of the disadvantages of selling via an estate agency. Of course, this can often be the cheapest way to sell your house, given that you incur no fees of using an estate agency however there is certainly a heavy workload in cutting these costs! Initially, you will have to make a board for outside your house stating that the property is for sale, a small task of course, but this alone can be time consuming. After this, a lot of effort and indeed money has to be spent in advertising your property in local newspapers and online. You may find that a lot of your time is spent dealing with time wasters who are not seriously thinking about buying your property. Again, your house has to be cleaned top to bottom and again decorative or slight refurbishments that need doing ought to be done in order to maximize your chances of a sale, especially in this climate.

Again, if you are looking to sell a house quickly there is always an option of taking your property to auction. This process increases your chances of a sale but this comes at a price, although properties going unsold at auction is certainly more rare than unsold properties on the estate agents books expect to accept around 30-40% less than your property evaluation. Another problem may be that although selling through auction can be a quick process in terms of sale turnabout (a buyer at auction cannot go back on the offer after it has been made) but there may be a long waiting process in terms of your next local auction to come around.

If you are looking to sell your property quickly, there are many services where a property can be sold online via companies that buy properties for a quick sale. This means that you will get a quick turnabout in market to cash value and many of these companies will cover any legal costs and manage the whole process. Again, if you are looking to unlock equity on your property quickly and hassle free this may be an ideal option. You will not get the full value of property, however you are avoiding any risky options or unsold properties.

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