What sells a house fast in the UK is down to a number of factors, which I explain in this article. Needing a fast house sale could be due to personal circumstances. But it’s also key to achieving the best price for your house too. The longer your home is on the market, the great the chance of getting lower offers.
What is the best way to sell a house quickly in more detail? – “need to sell my house fast tips“
Let’s take a look at each of the above ideas in a bit more detail.
1. A realistic asking price sell a house fast
Are you thinking to list your house for the highest possible price? That would surely be the best thing to do. You don’t want to be leaving money on the table, right? If it turns out you’ve listed it at too high a price, buyers will negotiate the price down, right?
Most of the above is not correct. In fact, if you really want to sell your house fast, and not for cash or by using one of the best quick house sale companies, you need to be realistic on your asking price.
You don’t want your house or flat to be on the market for a long time. As already mentions, the longer it’s on the market the more chance you’ll have offers made a under asking price. You are ideally looking to get offers within the first two weeks of it being listed with an estate agent.
The best approach to pricing your house is to firstly take guidance from a good local estate agent. But then also take a look at the prices of other homes in the area similar to your and price accordingly. If you can afford to and if you’re really keen to sell fast, even consider listing at below market value.
If everything else is the same in terms of property size, location and state of repair, the correctly price house would sell, whereas the overpriced house probably wouldn’t sell.
To then illustrate the point about how a small discount on market value can return a quick sale: If you had a third very similar property to the above two properties, but this one was priced at under market value. Out of all three properties, it would be the property priced at under market value that would sell first.
3. Engage a top selling estate agent to increase your chances of a fast sale
Engaging the services of the most successful local estate agent in your area is key to selling your house fast. The agent you choose will serve as the main point of contact between yourself and all the potential buyers. A good agent will arrange the viewings, accompany the viewings and negotiate the sale.
You may pay a higher commission fee to the best agent, but this fee should be covered by a fast sale and hopefully a better sale price.
4. A clean, uncluttered, depersonalised and up-together house sells fast in the UK
Having fresh new carpets, fresh paint on the walls (both inside and out), a clean and tidy garden, along with a clean, decluttered and depersonalised house will help a fast house sale.
People love clean and most prefer not to have to do DIY. If you give your home that “brand new look and feel“, you’ll increase your chances of selling quickly.
It’s extremely important that you show each room in your house at its best. It is also important to make sure that each room is how it’s described.
So for example, if you are selling a three-bed house, but one of the bedrooms is either full of junk or being used as an office, this will put potential buyers off. Not everyone is able to see through what’s in front of them.
Each bedroom should be dressed as a bedroom and have a bed in the room. If the room is a double room, ideally it should have a double bed. But if the room is a single bedroom, it should have a single bed in it.
The same goes for the other rooms in your home. For example, if you are currently using your dinning room as a gym or as a home office, I suggest you turn it back into a dinning room. This means it should have a dining table and chairs.
Firstly, how fast is a fast house sale?
Is a fast house sale 1 day?
Is selling your house in a just one week fast?
What about if you were to sell your house within two weeks? Would this be considered a quick house sale?
But then would it be a fast enough house sale if your house is sold within one month?
I would argue that a fast house sale is anything less that 6 weeks. But even 6 weeks might not be fast enough. Some home owners need to sell within days or 2-3 weeks, due to their personal situation.
This is achievable, but it does take some fast working and focus on both sides of the house purchase. But it’s largely down to how fast the solicitors work.
When is a house considered ‘sold’ in the UK?
This question might be a strange one to consider. But when is a house considered ‘sold’ in the UK?
Some feel they’ve sold their house when they have accepted an offer. But at this point in the house sale process (i.e. your house is considered ‘Sold subject to contract’) it’s still possible the sale may fall through.
Contracts are exchanged. At this point it’s common practice for a 10% deposit to change hands. The completion date is also set. The completion date can be the same as the date of exchange, but it’s usually 30 days from exchange of contracts. In theory a house sale can still fall through during the exchange to completion period, but it’s uncommon. If the buyer pulls out once contracts have been exchanged, they stand to lose the 10% deposit and may suffer costs.
Completion date. This is the date when all the funds for the agreed offer price are paid over to the vendor (or seller of the house). The house sale is completed at this point in the process.
If you want to sell your house extremely quickly, and when I say quickly, I mean within a few days or certainly in a month or less, you’ll normally need to take a significantly low offer (but see below).
The reason for this low offer is partly due to the convenience of getting the sale done quickly and having the cash in your bank fast. But it’s also to compensate the buyer for the added risk associated with the fast sale.
Normally with a fast sale for cash there’s no time for a survey, there’s no time to raise the funds via a mortgage and the legal paperwork has to be done extremely fast. All of this costs money.
If this is your situation and you want to sell your house fast for cash, we can help with this. But be prepared for the possibility of accepting a significantly low offer at under market value.
Having said that, there is another fast way to buy your house. This option is where the offer could be closer to asking price. If you’re interested in this type of deal, please speak to us so we can explain how this works.
Sell your house fast UK
We are here to help you sell your house fast across the UK. Here are some of the areas we cover, but just because your town. city or village isn’t listed below doesn’t mean we don’t buy there.
I hope you’ve got something from reading this article on what sells a house fast
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What Sells A House Fast In The UK? (How Fast Is Fast?)
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Article written by Russell Bowyer who has been investing in property since purchasing his first commercial property in the 1990's for his own Chartered Accountancy business. But his first property investment project was to turn an old dilapidated restaurant into a large 5-bed home, which he purchased for £117,500 and sold for £450,000 (to see an "after" photo of the house before it was sold see here: About). Russell owns a number of investment properties, which includes houses, flats and HMO's. More recently he has turned his creative side to investing in property using lease options. His largest lease option deal to date was to acquire 12 properties worth over £2 million for just £12, which means he paid just £1 to acquire each property!
