Selling Your House Fast: A Quick Guide to Using Property Fast-Sale Companies
You might not believe it, but it really IS possible to sell your house, flat or land fast – in as little as 24 hours. Selling your house needn’t be something that drags on and on for months and months and, even then, can still fall through.
But, there are a few things you need to know if you want to use the fast sale route to sell your property quickly, safely and successfully.
Is Selling Your House Fast Right for You?
Let’s take a look at the pros and cons of the fast sale approach. As the name suggests, it really is fast – a sale can be agreed in 24 hours or a longer period to suit you.
It’s easy – there is no need to prepare your house for sale. You don’t have to put up with viewings, or viewers. It’s confidential, no one will know you’re selling. It’s also guaranteed – once everything is agreed the sale won’t fall through.
Another reason for choosing this route is that fast sale companies are often able to buy problem properties, such as those in poor condition, those with tenants or those on a short lease.
A fast sale also gives you fast cash, to do with what you want.
The Best Price for the Quickest Sale
One thing you do need to know is that the fast sale method works on a 'best price for the quickest sale' basis.
It is not the same as the high ‘offers over’ price you’d see in an estate agents’ window.
If you’re prepared to wait for the very highest offer to come along and don’t mind the extra hassle then a fast sale may not be for you.
What You Should Do Before Considering a Fast Sale
Before going ahead, we suggest you should also consider other ways of selling your property, which we have discussed in this article: What Is The Quickest Way To Sell Your House?
In each case, weigh up the likely sales price versus the likely time you’ll have to wait for a sale and then you can decide which approach is going to be right for you.
What to Look For in a Fast House Sale Company
There are a number of fast sale companies, so be sure to choose the one you feel comfortable working with. Here are some things you should look for:
- Are they efficient and are they knowledgeable? Are they happy to answer your questions about the process?
- Do they have a high success rate? Have they handled thousands of properties? Do most of their offers actually result in a fast sale?
- What do their past customers think? Do they have good customer testimonials?
- Do they have buyers waiting? Better still, do they have buyers waiting who are financially committed to buying?
- Can they give you a free valuation instantly and follow that with a firm, guaranteed offer?
- Do they offer a choice of sales methods, so you can choose what suits you best? For example, can you choose between a cash price in 7 days or market value in 28 days?
- What, if any, additional fees extra charges are involved? Have they been clear and upfront about any fees?
- Lastly, does dealing with them feel safe and secure? Are they registered with the Property Ombudsman and do they operate in line with the industry-standard code of practice.
The Pitfalls of Selling with Some Fast Sale Companies
It would be wrong to suggest that the fast sale route is all plain sailing. Here are some possible pitfalls you need to know about:
Fast buying companies who don’t actually buy the property themselves or even have any ready buyers for you.
These companies aren’t actually buyers themselves but will ‘promise’ (and then hope) to be able to find a buyer for you. This can actually slow down your sales process when compared to a true cash buyer option.
Fast buyers who don’t actually have the cash to buy.
Our partner has both cash funds available to make you a true offer and also have pre-vetted property buyers if you wished to consider the more traditional estate agent or auction route. Be wary of buyers who offer you too much. An unrealistically high offer for a fast sale – the same or more than an estate agent would value your property at – should be a ‘red flag’ that your fast buyer may not be genuine.
This, unfortunately, is a common tactic with some companies. Providing a high unrealistic offer on day one and then reducing their offer at the last minute, just before the exchange.
Our team have spent the time to research and look at the range of solutions out there and have decided to partner with a company that has history and integrity, that will deliver and follow through with their offers and property purchases. This can easily and openly be seen by their extensive reviews from their customers.
Buyers who don’t make the fees clear or who have ‘sneaky’ hidden fees.
It’s important to check if your property buyer is suggesting fees or charges for additional requirements like a property survey, solicitors or paperwork, prior to presenting you with a genuine offer.
Buyers who tie you into a deal from the off and try to charge you £££s if you want to change your mind.
Some cash buying companies try and sign agreements with you which tie you to an exclusivity period. Now, in some instances, this may genuinely be required, but it shouldn’t be lengthy or costly. Be cautious of companies asking for 6 months or longer exclusivity to sell your property. If they are a true cash buyer they shouldn’t need this.
Fast buyers who can’t actually complete the sale fast.
There’s no point in using a fast sale company if they can’t complete fast!Ask your buyer for examples of properties they have purchased quickly, how long the process lasts and if they see any reason why your sale might be delayed.
Do they have the funds available now?
Do their solicitors have the availability to work on the sale quickly or are they busy or going on holiday next week (believe me, this happens more often than you would think)?
Asking and ensuring there are no likely, obvious reasons for a delay on day one is important.
This is one of the reasons we have selected our property buying partner.
They have delivered for many homeowners over the years and have the systems in place to make everything happen quickly, including fast sale solicitors who can deal with the legal side swiftly.
This is why it is essential to use only a reputable, well-known house buying service with a good track record and who is also open and honest about the fast sale method.
Six Steps to Selling your House in 24 hours
- Ensure the fast sale method is right for you – that best price for the quickest sale suits your needs.
- Contact your preferred fast sale company.
- Provide information about your property.
- Receive a fast free valuation.
- Weigh up your options before deciding to go ahead. Remember, there’s no obligation to proceed until you’re happy with everything.
- Agree on a sale within 24 hours and receive your cash in as little as 7 days.
Find Out How Much Your House Is Worth and Sell it Quickly Now!
If you want to sell your house fast – with a sale agreed in as little as 24 hours – fill in the form on this page. An adviser from our chosen property buying partner will be in touch to explain exactly how the quick sale method works. There’s no obligation to proceed and your house could be sold in just a few days from now.