Friday, September 30, 2022
HomeBuying & SellingHow to Sell a House –A UK Homeowners Guide

How to Sell a House –A UK Homeowners Guide

 

If you’re looking to sell your UK home, it can be difficult to figure out what option is the best for your lifestyle and your budget. Different buyers will have different pros and cons, which is confusing to first-time home-sellers. Look no further, though- If you want to learn how to sell a house, UK homeowners will find four easy options when it comes to selling a home, and one of them is always the right path to take.

  1. Selling With A Cash Buyer

Selling with a cash buyer is one of the easiest options on the market. You sell your home in as-is condition to the people who know how to do it best, and then you get your money with little to no complications. When you sell with a cash buyer, they’ve already got the money they need, and you don’t have to fight with a mortgage lender in order to sell your home. Because of that, your sale is always guaranteed to go through– and that’s something that not many buyers can say. Selling with a cash buyer is good for every situation, and can be helpful when trying to sell quickly or selling a problem home. Keep in mind, though, that you’ll make slightly less money than you would when you sell with a realtor. On the flipside, you also don’t have to pay for any repairs, renovations, or commissions- so which is really the best choice here?

Selling With An Estate Agent

Selling with an Estate Agent isn’t difficult! There’s just a lot of repairs that need to be made on your home, and a lot of paperwork to go through. You need to market your home to buyers, and make sure it looks nice, and get professional staging photos taken . . . but all of that is simple when your realtor sets it up with you. When you sell with an estate agent, you’ll make more money off of your home, but at the same time, you also have to pay for photography services, cleaning services, repair work, renovation work, and the realtor fees themselves. Selling with an Estate Agent can take time, too, so this option is best for those who aren’t on a tight timeline and are willing to let their budget stretch a little. After all, this is the option where you make the most money– but it can cost a lot, too.

Selling In A Short Sale

Short Sales are a rarer type of sale, for good reason. In order to sell your home in a short sale, you need to agree to it with your mortgage lender, and even then, it might not be possible. Short sales are when you sell your home for less money than it’s worth in order to get out of your mortgage, and most lenders will only agree to these when it’s been several months since you’ve made a mortgage payment. Even so, it doesn’t make you very much money, and almost all of your profits will go towards repaying what you can of your mortgage. This option is best for people who can’t meet their mortgage payments, and even then, it might be a better idea to talk to your lender and see if there are ways you can keep your home.

Selling At Auction

Auctions are the fastest way to sell your home, but they also come with some pretty big drawbacks. Your home is guaranteed to sell within 28 days, but that’s not accounting for how much money you’ll make. Typically, due to their layout and the minimum pricing, auctioned homes only make about 80% of what they would on the open market. That’s a huge money loss, and it’s not right for most customers. If your home won’t sell any other way, though, auctions might be worth looking into.

How to Sell a House UK Shoppers Will Love – The Best Method

It can be difficult to sell a home, but when you know the proper method, it gets a lot easier! Selling a home doesn’t have to be scary; instead, you just need to know how to do it. Whether you sell with a cash buyer, an agent, or even at auction, your choice will always be the best for both you and your home.

 

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