postheadericon Fast House Sales – Can You Really Sell Your House in a Week?

The economic meltdown is still being felt by many people. Although things do seem to be improving somewhat, the housing market remains unpredictable. There are many properties up for sale and it can take months to sell. If you need to sell quickly, for whatever reason, there are companies that will agree to buy your property in a week. Good news? For many people that certainly is!

 

What’s the Risk?

Depending on the company, it is possible to sell your house anywhere between one week and one month. The main risk is whether you can afford to take your chances on the market and get the full price. Many companies volunteer to join the NAPB (National Association of Property Buyers) and/or The Property Ombudsman. These organisations have certain criteria and regulations which members must respect. By joining they are effectively stating they will and do “play by the rules”. Opting for a company that is not a member is riskier, although it does not necessarily mean they are going to tie you into crazy contracts! But ultimately, why take risks with you most significant asset?

 

The Value and the Price

You have probably had your house valued by several estate agents. Fast house sale companies invariably use a RICS chartered surveyor and ask you to call now. Estate agents can be well off in their valuations at times and this simple difference can result in a lower valuation. Even so, the bottom line is, if you want to sell fast you can expect to receive less than the valuation – This is the nature of the housing market. However, fast sale fees are usually less than an estate agent. In addition, they will normally cover solicitor costs. Ultimately you must weigh up the pros and cons, costs as well as the urgency of your circumstances. If you are in a sticky situation waiting might cost more.

 

Do Your Homework

Like most things, it is not always a good idea to take the first offer you are given. On the other hand, too much procrastination can cost you as well. Each company will work on different profit margins. Get several quotes and find out which companies are reputable and can be trusted. Shop around and do your homework with regards to valuation, costs and time spans.

 

Instant offers – Are they Accurate?

Some online companies can give you an offer online instantly. This is a quick and easy way to get an idea of what price you might receive as well as costs. The software is invariably advanced and can give a good medium with regards to expectations. All you need to do is fill in a form and voila.

 

Do not be too disappointed if you do not get the offer you might have expected. Without doubt, it will invariably be less than leaving it for sale with an estate agent. It is important to weigh up your situation, the urgency of it as well as the convenience and benefits of a quick sale – And yes, that can be as quickly as just one week!

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