The average house sale takes around three to four months to complete. But if your local property market is depressed, the process can take considerably longer.
What happens if you need to sell a house fast? Perhaps you need to stop your lender repossessing your property? Maybe you need to relocate for a new job. Whatever the reason for needing a quick sale, you need to know what one looks like before you can achieve it.
Finding a buyer
This is often the most difficult part of selling a home. It involves marketing, property viewings and price negotiations. Some buyers may make an offer, then withdraw it soon after. Others will waste a lot of your time without making any offer at all.
Even when you’ve accepted an offer, the buyer needs time to instruct a conveyancer and arrange the necessary surveys and searches. This can leave you, as the seller, feeling helpless. The lack of certainty is difficult to manage when your future hinges on a speedy and profitable sale.
Then you have to complete the various questionnaires, obtain an Energy Performance Certificate and answer any questions the buyer might have. Make no mistake: this is a lengthy process. If you can get everything done within a month, you’re doing well.
And what happens if a survey highlights some problems with your home. You may have to make repairs or alterations before selling — costing you time and money you may not have.
Exchange of contracts
Once all of the necessary checks and paperwork are complete, a date can be set for the exchange of contracts. Once you’ve done this, there’s no going back.
But what happens if your buyer’s circumstances change before the contract exchange? Their property sale might fall through, or they might lose their job. You’re at the mercy of the buyer. If you need to sell your house quickly, there’s very little you can do to move things along.
Listing your home for sale is only the first stage of a long, drawn-out and unpredictable process. Almost anything can go wrong along the way. And if your house sale is delayed by just a few days, your plans for the future could be left in tatters.
Is there a way to sell a house faster?
The best way to guarantee a fast house sale is to bypass the property market altogether. This way, you don’t have to waste time on marketing, property viewings, negotiations and lengthy conveyancing processes.
We work with partners across the UK to buy houses fast. If you accept our free, no-obligation offer, we might be able to exchange contracts with you within the week.
So, selling to a house buying company like Sell Property Fast Cash takes away a lot of the uncertainty and delay, so you can quickly sell your house. And you don’t have to worry about niggling repairs or renovations. We buy houses in any condition.
If you need a fast house sale, contact one of our property experts today. We never make promises we can’t keep, and we never reduce an initial offer at the last minute. And wherever possible, we aim to complete the purchase of a home within a month — often less.