Need to sell your house fast? You might be tempted to use a ‘quick sale’. We offer to buy your house very quickly at a discounted price. However, there are concerns that homeowners could be misled and lose out financially. Read on to make sure you know what you’re doing.

Pros

Quick house sale can provide a useful benefits for homeowners who need to unlock cash in a hurry. Some companies are able to buy your house within days and pay all fees .

For example to:

1 Avoid repossession, clear debts or sort out financial issues.
2 Dispose of inherited property.
3 Move for age or health related reasons.
4 Sell as a result of divorce or relationship breakdown.
5 Relocate due to a change of job or to emigrate.
6 Try a different route if unable to sell through a traditional estate agent – get around issues that have made a property hard to sell, for example with a short lease or if a property has a high risk of flooding.

Quick House Sale

Quick House Sale

Checklist for going ahead with a quick house sale

If you decide you want to sell your property through a quick house sale company make sure you:

Do your own valuation: make sure you get a valuation from three different estate agents so you can decide whether any offer made by a quick sale company is fair.

Shop around: not all quick sale companies are the same. Make sure you look at what different ones can offer.

Consider using a quick sale company which is a member of the National Association of Property Buyers.

Check the company’s credentials: If the provider is a broker (someone who introduces you to a prospective buyer), check that they are registered with The Property Ombudsman. If the provider says they have signed up to a code of practice, or they are regulated by an official body, check for yourself.

Don’t be shy: it’s always worth negotiating the terms and/or the price.

Get everything in writing: don’t accept verbal assurances.

Take your time: don’t rush or be pressured into a decision.

Get your own independent legal adviser: the company you’re using can’t force you to use the legal representative they recommend. See below for where to find a solicitor.

Read the agreement carefully: don’t sign an agreement unless you fully understand what you’re agreeing to. Get your legal adviser to explain anything you’re not clear about ideas for owning a new home.

Avoid long tie-ins: don’t sign any agreement that ties you to the quick sale company for a long time. A typical estate agency contract lasts 8-12 weeks. A quick sale contract should be shorter than that and there are companies that don’t insist on any kind of contract before sale.

Be honest: giving incorrect information or leaving important things out might cause hold-ups further down the line and even mean a reduction in the price you’re offered.

Ask to see the survey: if the company you’re using reduces the offer price, ask why. If the survey’s findings are to blame, ask to see them. A fair-dealing business will not hide them from you.

Contact us

Don’t commit too early in the process: don’t sign on the dotted line until all the surveys and legal checks are done and you have a final offer in writing.If the reason you’re selling your home is to pay for your long-term care, make sure you’ve looked into all the alternatives and have spoken to an independent financial adviser who specialises in funding long-term care.

Continue reading to know more about Sell My House Fast Estate Agents.

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