My Home is Not Selling the Way I Planned. What Should I Try Next? - Image 1

My Home is Not Selling the Way I Planned. What Should I Try Next?

Posted on: 18/05/2021

When you put your home on the market, you are probably well aware of the fact that the next few months are going to be a long and potentially complicated process. Putting a home up for sale requires work on the front end, work in the middle, and work on the back end. Even if your home sells quickly, you are looking at a few months minimum from start to finish.

Before the house goes on the market, there is a decent amount of work to do. You must decide how you want to sell. If you decide to sell privately or on your own, you must get the home appraised and potentially upgrade some parts of the home to get the price and profit that you are after. Then you must wade through the process of selling and closing by yourself. This can cause a sale to take longer because private sellers are not always aware of the quick sale tricks that professionals in the field have. You may avoid paying a hefty estate agent fee, but you also do not have access to the knowledge and experience of one. There are pros and cons to both sides.

If you decide to sell through an estate agent, you get full access to their knowledge and experience of selling homes as profitably and efficiently as possible. You may lose some of your profit to their fees, but you may gain some as well from their knowledge and a valuable appraisal that their colleagues can help them provide. They are also there to help guide you through the legal process and paperwork if you decide the fee is worth it for their time and assistance.

Both of these traditional methods do not guarantee a quick sale or even a sale at all. You may do everything right and your home may end up on the market for a long time. This could be from a poor market, undesirable location, or even poor advice and guidance from an estate agent. Maybe your house sale was a part of a chain and the sale of your home was dependent on the sale of another first. That sale fell through and now you must start from square one. This is common, but the longer a house stays on the market, the more difficult it becomes to sell overall.

If your sale plan is not going the way you imagined and you are interested in a different method of getting the house off your hands or you are someone who is interested in an alternative method from the start, here are a few options to think about:

AUCTION

With an auction, you may sell your home more quickly than you would on a traditional market, but you may forfeit some of the home value for the convenience of the auction. When you begin this process, you have to advertise for a significant amount of time to gain enough traction to hold an auction. It is also smart to hold open houses or other types of viewings so potential buyers can see the house in person.

Once you have advertised for a few weeks, the auction can be held and if the house is sold, the buyer is required to put down a 10% deposit. After this, they have 20-28 days to finish the sale. With an auction, you will have to pay a percentage of the profit to the auctioneer and have to pay your own legal fees. This process may be worth it for someone who is not having much luck in a traditional market.

PART EXCHANGE

If you are looking at homes within a new housing development then a part exchange scheme could work for you. Essentially, a house developer purchases your old home and subtracts the value from the new house you want to purchase. Your home must be valued at least 65-75% of the desired home to qualify for this exchange.

The pros of this process are that you can get both a guaranteed home sale and a home purchase. Alternatively, the housing developer may undervalue your home and if your home is not in an area of interest to them, they won't agree to the process at all. You may not receive the full value of your home in this situation, but if the process moves along it can end up significantly faster than a traditional market sell.

CASH HOUSE BUYING

The most reliable option for a quick sale is a cash buyer. This process can be completed in as little as seven days. You are guaranteed the price that they value the home at and it puts the cash in your pocket significantly more quickly than any of the other selling options mentioned previously.

With a cash buyer, you may lose a little in the value of your home, but this can happen with a traditional sale as well. If your home is having trouble selling on a traditional market, it may end up selling for lower than it was valued for initially. You have spent a significant amount of time selling it on the open market for it to only be undervalued anyways.

If a quick sale through a cash buyer is something you are interested in, we at Quick Property Buyer can answer any questions you have about moving forward with the process. We have over 50 years of combined experience in the field and we can have your house valued and money in your pocket in as little as seven days. If you are interested in seeing what our customers have to say about us, please check out our reviews on Trust Pilot.

There is no need to worry about the condition of your home or location. We will buy any property in any condition and we cover all legal fees. If you are wanting to expedite the process of selling your home, please give us a call or fill out our no-obligation form to get a cash offer and money in your pocket in as little as 7 days.




©2021 Acuity Invest Ltd t/a Quick Property Buyer
UK property buyers for cash. Company Number: 12669628
Website design by Modern Websites
Request a Callback