Last Updated on December 27, 2022 by Faiza Murtaza
Sell a house in today’s economic environment is difficult. Even when everything between the buyer and seller is relatively straightforward, selling a home is unpredictable. It is estimated that an average home in the UK is on the market for at least 50 days before it gets sold. And if the home is not in tip-top shape, it can stay on the market for many months.
Is it possible to sell a house fast, though? Actually, there are several things you can do to speed up the sale of your home.
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Price It Correctly
One of the most common reasons homes fail to sell is because the owner has either priced them too low or too high. When the price is too low, potential buyers think that there is a problem with the property. If the price is too high, potential buyers may not even consider looking at it. Because of this, you should begin by knowing the fair market value of your home. Many online tools can give you some idea of your home price by adding your postcode. You can even ask an estate agent about the fair market value price of your home.
Spend Some Time Preparing Your Home
Putting your home on the market doesn’t simply mean adding a “For Sale” sign to your front garden. Instead, you’ll want to spend quite a bit of time preparing your home for sale. Start by decluttering. Potential buyers are looking for spacious, clean properties, and decluttering can help create that feel in your home. You’ll also likely want to hire a professional cleaning team to give it a fresh touch that will attract buyers. If there are minor things that need repair, take care of them immediately. Simple changes like repaired floor tiles or a replaced drawer pull can go a long way toward creating a space the buyer wants to consider for purchase. You’ll also want to consider the kerb appeal of your home. Buyers want a potential property to look amazing from the moment they see it, so be sure your front garden is trimmed, your path is jet-washed, and everything looks great on the outside.
Choose the Right Estate Agent
If you want to sell your home relatively fast, then you need to work with a great estate agent. Good estate agents know how to move your home on and off the market quickly, and those with a great reputation are certain to help you sell your property fast. It’s important to note, though, that the better the estate agent, the more likely you are to pay fairly high commission fees.
Consider a Cash Buyer
To unload your home fast, request a cash offer because the process is far faster than working with a buyer who is waiting on a mortgage. The time to process a loan can take many weeks or months and sometimes the buyer may be rejected. A cash offer speeds up the process of home selling because you eliminate the biggest obstacle- the lender. Moreover, with some cash offers, you also save money on the estate agent’s commission fees and skip some repairs depending on the details of the offer.
Think About an Auction
Home auctions are more popular than ever. While traditional home auctions meant accepting less than 75% of the value of your home, today’s auctions are a bit more flexible, even giving potential buyers time to arrange for a mortgage. There are many different ways to auction your home today, and working with the latest property auction companies can mean a fairly fast sell a house – 30 days or less in most cases – without compromising on the overall price.
The Bottom Line
There are a number of reasons homes in the UK don’t sell as quickly as they should. Whether the market as a whole is too slow or you just haven’t done enough to your home to make it attractive, you can put yourself in a stronger position to sell your home. Remember, though, the faster you have to move your home, the more likely you are to take a loss on the overall property, so do what you can to avoid moving too quickly with your home sale.