Quick house sales are an option if you want to want to sell your property fast, in exchange for accepting lower than market value.
How much do quick home buyers pay?
Usually it’s 75%-85% of the value of your property. It varies between firms, and you should obviously read the small print to make sure there are no hidden fees. Often quick property sale firms will claim that the reduction in market value is counterbalanced by the following:
- They pay all the legal fees
- There are no estate agent fees
- They buy any house in any condition, no quibbling
While all that is true, you should take the ‘cost savings’ with a pinch of salt. Ultimately quick home buyers are trying to make a margin. The real value to you is speed.
How fast can I sell my property?
Really fast. You can get an offer in 24 hours, and be sold in a couple of weeks.
Should I use a quick sale firm?
In most cases, probably not. You should use a traditional estate agent or an online estate agent. However, there are some occasions when a quick property sale might be right for you. The most common circumstances are:
- When inheriting a property
- To avoid repossession
- To clear debts
- After a divorce or relationship breakdown
- Any other occasion where urgency of sale is more important than price (e.g. you’re emigrating)
