Posts Tagged ‘People’
How to Sell A House Fast
Due to the nature of property chains and the UK house buying process, there is always a large proportion of house sellers that find themselves in the position where they need to get rid of their house quickly. Most people are unfortunately selling houses like we did in the 80s, instructing one or several estate agents to come and give a valuation, then picking the one who says they can get the best price, knowing your time sensitivity.
Estate agents are well know for manipulating their valuation figure in order to win your instruction. They pay scant regard to your time sensitivity and as such your property has little chance of being brought to market at a price that will realistically allow you to sell withing the time-frame you require.
Fortunately there are other options at our disposal; it has never been easier to sell your own house, but it takes a lot of hard work. Here is a step by step sell house fast guide:
1: Clearance and Sprucing Up:
The first thing you want to do in order to get the best price for your home is to give it a right good seeing to. Tidy, clean and dust like you never have before, and do those odd jobs that you’ve been putting off for ages; fill the gouge in the wall the Hoover made that time the dog knocked it over, tighten the hinge on the bathroom door so it doesn’t scrape the floor, while you’re there take off the shower curtain and give that a wash as well.
The gardens need to be tidied up and titivated as well, unless you are a dedicated gardener anyway. It sounds like a lot of work (and it is) however, it will be worth it when the property attracts multiple offers and sells quickly for more than the asking price.
2: Valuation:
The Land Registry now has all its indices online. So you can check regional data, cross-reference it by property type and run historical comparisons. This all helps you gauge how much similar homes in the area are selling for, you can then decide your initial asking price based on this. You can also have estate agents round and get their tuppence worth as well. You can even have them market the property alongside you, just be sure to have a clause in their contract that they receive no commission if you sell the property yourself.
3: Marketing:
There are dozens of quality sites to market private property for sale in the UK, many of which are free. Two that are known to bring results are Tepilo (free) and The Little House Company (£100approx). There has also been a recent BBC program on selling property privately that suggested a few “left field” marketing ideas such as arranging “open days” and having a presence at public events such as local fetes.
4: Conducting Viewings:
Viewings are very important; this is your chance to tell people who are interested to buy how wonderful your home is. Be bright, be enthusiastic, be energetic, but above all be honest. Conducting viewings when you are not used to it can be nerve-racking, so attempting to lie will most likely add an additional and noticeable tremble to your voice.
Don’t get to worried about conducting viewings. There really isn’t much to it and you can be certain you’ll do a better job than an estate agent. After all, no one is better placed to sell your home than you.
5: Negotiations:
It is a area where you can step out of the equation if you want, and allow your solicitor to carry out negotiations on prices as a representative. Here, your rapport with the house buyers struck up during the viewings could work in your favour or against you. If you think you would find it difficult to firmly represent your position then get the solicitor to do it for you.
6. Stop Repossession of House:
If I was facing repossession then really my only realistic option would be to sell my home for cash within a 28 day time-frame. The only way to do this is by using a specialist cash house buying company. These companies can be found advertising on Google and in local property papers.
Conclusion:
And that is it; you have successfully sold your own home. If you have done everything above to the absolute best of your ability, the chances are you will have gotten a price in and around your asking price, maybe even a little more. Last thing for you to do is open the champagne and toast the fact that you’ve just saved yourself £1,000’s in estate agency fees. Congratulations!
Buying Short Sale Homes
Whenever people cannot afford the monthly mortgage payments on their homes for an extended amount of time, the lending company is apt to send the person a foreclosure notice. This means that the lending company essentially wants to take back the property from the person so that they can sell it to someone else who will actually make their payments on time. Although buying a home from a lending company is beneficial, you could also think about buying short sale homes as well if you are looking to take advantage of the very best deal son the market right now.
If you are interested in buying these types of homes, you’re in luck. More and more people are unable to meet the financial obligations associated with maintaining a home and making their mortgage payments due to the economic recession. Therefore, there are a number of homes on the market that are for sale that fit into this category. Don’t assume that you’re going to have to buy a home from a private party; you can easily buy one of these short sale properties instead.
You will discover that these properties are typically listed at well below the market value. So, look into short sale homes if you would like to profit from this investment. In fact, if you are smart with the investment, you could potentially live in the home for a couple of years and then sell it at a profit later on. This is particularly true if you opt to make some excellent home improvements to the home throughout the duration of your stay in it.
Furthermore, the purchase of a short sale home is certainly not going to be a long and drawn out process, especially if you enlist the assistance of a Chicago bankruptcy attorney to guide you through the entire process. There is a rather substantial amount of paperwork associated with the short sale process; therefore, you should let the attorney deal with all of this legal jargon so that you can pay attention to other important matters in your life.
Home ownership can be a dream that becomes reality if you know how to take advantage of short sale homes. You don’t have to contend with rental properties any longer. This is a huge advantage if you are starting a family and would like a more spacious and relaxing environment for your children. Or, you could simply look at the purchase of one of these homes as a wise investment.