Sell House Quick: A Practical Plan

Is your house not selling as quick but you would like to sell house quick?  There is a possibilty that you have an ideal timeframe in which you must sell house quick.  What you need is a pro-active approach to enable you to sell house quick and adapt a sales strategy.  Even if you are selling your house as an owner or via an estate agent these tips will help you sell house quick.

Sell House Quick: 3 reasons that affect speed of your sale.

There are 3 areas that you need to address if you are looking to sell house quick.  These include:

• Realistic asking price
• Agressive marketing strategy
• Presentation of property

If you are honest and geniune about selling your house quickly then you need to revise your strategy and adapt these three important areas.

Realistic asking price

In case you have not been following the news we are in a recession.  This means that most home owners are hurting with their mortgage payments and it is a buyers market where they are the ones looking for a bargain.  Do not become a victim of this recession.

Get your house accurately valued by professional estate agents and ensure that your asking price is in line with sold prices.  Ensure that you will be happy with this price.  Do not be greedy or adjust for “negotiation room” because if you follow this route you will not be getting any offers on yo property and utlimately you will end up reducing the price.

Agressive advertising strategy

Everything that you have learnt in last three years about advertising property no longer works.  You need to be:

• creative
• ethusiastic
• original
• honest

There is no need to place hundreds of adverts in every paper.  Instead opt for two or three local papers, negotiate down their “rate card” price and advertise every week.  Websites such as Rightmove and Zoopla receive a lot of traffic so well worth advertising there.

Presentation of property

You have two options available to you, depending on your budget and speed of sale:

• Home staging
• Bare bones

Home staging means hiring internal and external furniture to ensure that property to appeals to prospective buyers.  This will be expensive.  The bare bones approach gives the buyers the opportunity to see the property as it is and turn it into their home.  Depending on your advertising method either of these approach could work to sell house quick.

If you find yourself asking the question “I have to sell house quick” then you are already aware that now is not a good to sell house quick.  The reasons include tight mortgage lending conditions and there are few geniune first time buyers.  Because of banks’ reluctance to lend, many sellers are finding themselves in a difficult financial position.  They are simply trying to make ends meet and at best trying not think about sell house quick as an option.

Even when they are ready to sell house quick on open market, there is an abudance of repossessed properties available at huge discount and marketed to investors and first time buyers at quick sale price.

Here are some altenative options available to you if you need to sell house quick:

Sell to an Investor

You may have seen signs of “We buy ugly houses” or “We buy houses”.  You have probably come across this website because you have typed in “sell house quick” in your browser.  We are cash house buyers and can provide you an instant offer on your property within 48 hours.  Our offer will be in region of 75%-85% of fair market value BUT if you have plenty of equity in your property this could help you sell house quick.  If you are in a situation where you need to sell house quickly, this may be a viable alternative for you.

Sell with a Rent to Own Contract

This is becoming increasing popular in UK and gives people the choice to sell property quickly at 100% of fair market value in future.  The seller does not receive all the money right now but, they have a certainty that when a buyer purchases their home they will have it sold.  The buyer then becomes responsible for paying the mortgage, insurance and repairs.  Typical rent to own contract is set up between 3 and 5 years giving your tenant buyer ample opporunity to build up a credit file and a deposit to enable them to purchase your home.  Tenant bueyrs’ report is usually lodged with solicitors and built over time.

If you have a small mortgage or no mortgage at all then your property will provide a healthy cash flow with having to spend money on repairs or chasing tenants.

Wait it Out