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Home | Work And Money | Real Estate

Dealing with cash buyers for a fast sale on your house

By: Mark Longman

Homeowners today have lots of options to sell their property; they could go through an estate agent, sell it privately or use a cash buyer. We talk to a lot of people in various circumstances, whether it's selling due to repossession, divorce, too much debt, or just to release some equity

There is a wide range of services they offer this may not fit everyone's requirements, however there are certain benefits when you use a cash buyer as above the more popular methods; as they can complete fast on the sale (usually between 4 - 6 weeks).This is due to them investors having cash available, no house chain and everything in place like solicitors and surveyors.

Going through the more traditional routes like estate agents can be very costly and time consuming; normally about 1.5% - 3% fees and takes between 3 - 6 months, if not more. However, saying that, if you are not in a rush to sell and you are looking at achieving the highest price for your property then an estate agent would be the best option for you.

The offer they make will be based on information obtained by extensive research in the local area, recent sales of comparable properties, similar houses that are currently on the market and will normally be in 24hrs.

They can offer to "sell and rent back" so the seller never has to leave their home, "sell and buy back" - this is where the seller is given the option to buy their property back and a set number of years at a reduced rent, or just sell and move on.

I would encourage people to investigate all avenues of selling their home to meet their own requirements. Most companies pride themselves on putting the customer first and making sure that they have all the information to hand before making a decision.

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