Alternatives to Selling to a House Buyer

Homebuyers make quick and fair offers to purchase all types of properties, but there are few other ways that you could consider for how to find a buyer for your flat or house.

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Your top questions when considering selling to a house buyer

✅ What exactly is a homebuyer?

Although the word homebuyer can mean many things, generally it refers to a quick property buying company. These businesses, for example LDN Properties, have the funds available upfront to immediately purchase almost any freehold or leasehold house or flat, and they are usually able to finalise the sale within a few weeks after you first contact them.

✅ How do I sell my property to a homebuyer?

Start by finding a company you’re interested in selling your home to, then call then and you’ll be given an initial offer for the property that you will have at least a week to consider. If you accept this offer, someone from the company will inspect your home ahead of them making a final offer, and then all that’s left is to exchange contracts and pay you the full proceeds.

✅ What are the good reasons for selling to a homebuyer?

There are several notable advantages you’ll experience when selling a house or flat to a homebuyer, in particular that it’s often the speediest way to find a buyer because it will only take a handful of weeks to finalise the sale of the property. Another great incentive for selling this way is not having to pay any fees when you choose a legitimate no-commission homebuyer.

✅ Are there any problems with selling to a homebuyer?

As with any industry, there are a limited number of homebuyers that might have some problems associated with them, for example companies that will try to pressure you to accept a lower value for your home than you might be able to get elsewhere, because they know you’re in a rush to sell. Other businesses may include hidden fees that will add to your expenses.

✅ Should I use an estate agent instead to sell my flat or house?

You will not need to do much work when selling via an estate agent because they will take on the duty for doing most of the tasks, including creating and advertising a listing, organising viewings and hearing offers. But they will charge expensive commission for this work, and selling this can also take many months or even more than a year in some situations.

✅ What about trying to sell my property at an auction?

This is a risky step because you might not get any bids on your home at the auction, so your property won’t sell and you would have to then start over with trying to find a buyer, delaying a sale even further. When you sell this way, you will also have to pay commission to the auctioneer and this will increase your costs because it’s taken out of the sale proceeds.

✅ Is selling my home without any help better than using a homebuyer?

If you sell on your own, this means that you will be responsible for all of the steps needed to attract a buyer to the property, and this can quickly become a very time-consuming and highly stressful situation. Remember also that you even though this method allows you to avoid paying fees, you could still have significant costs, for example with advertising your home’s listing.

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