Property Solutions to Sell Your House Fast For Market Value
Yes you can sell your home if you’re in a fixed rate mortgage. But depending on the mortgage company and their repayment terms, you may be in for an early repayment charge or penalty. But there are ways to avoid the early repayment penalty, which include porting your mortgage to you new home or ‘selling’ your house using alternative methods. Please read on to find out more.
The time it takes to exchange contracts when selling a house depends on a number of factors. But typically, when selling a house without a conveyancing chain it can take anywhere between 4 to 6 weeks to exchange contracts from accepting an offer. But when the selling process involves a conveyancing chain, this time scale is likely to be longer. A transaction that takes between two to three to get to exchange of contracts from an offer would be considered quick.
The time it takes to exchange contracts when buying a house depends on a number of factors. But typically, when buying a house without a conveyancing chain it can take anywhere between 4 to 6 weeks to exchange contracts from offer. But when the buying process involves a conveyancing chain, this time scale is likely to be longer. A transaction that takes between two to three to get to exchange of contracts from an offer would be considered quick.
The normal period between exchange and completion is one to four weeks. But when you’re agreeing your completion date and given that the transaction is legally binding once exchange has taken place, it’s important to get the period right. The one to four week gap between exchange and completion is usually to allow all parties in the chain to make moving arrangements. Normally, your solicitor will have made sure all is in place contractually before exchange takes please. If you are using a mortgage you are advised to have this in place before exchange too. But the period between exchange and completion can be longer, so long as the extended period is agreed to by both parties. Where the contract period is longer than the norm, this is usually referred to as a delayed completion.
So what % is a cheeky offer on a house? It’s arguable that any offer of more than 10% discount off the asking price could be considered a cheeky offer. The level of ‘cheek’ depends on who the vendor is and how long their home has been on the market. But so long as you’re prepared for them to say no to your offer, it’s worth taking a punt with a cheeky offer.
The reason why it would be best to buy and sell with the same estate agent is if the agent is known to be proactive and will sell your house quickly for the right price. You shouldn’t automatically use the same estate agent you’re buying your new house from, until you’ve compared them against other agents in your area.
