Selling your House for Cash

When you’re trying to find a buyer for your property in a hurry, selling for cash could be one straightforward solution.

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Your top questions when selling a house for cash

✅ What does it mean to sell your property to a cash buyer?

Cash buyers are those people or companies that have the funds available to immediately purchase your leasehold or freehold house, flat or other type of property. They differ from selling via an auctioneer or an estate agent because those are two methods that involve many more stages to find a buyer, including viewings where people are able to tour your home.

✅ What are the advantages of selling a home to a cash buyer?

One of the most important benefits of selling this way is that it should be very fast, perhaps even just a few short weeks, because there are no complications such as viewings, holding an auction or a buyer waiting to get approved for a mortgage that would slow the process. Cash buyers are also a great way to sell a home that has a structural flaw or other problem.

✅ Are there any negative factors about selling my flat or house to a cash buyer?

There are sometimes disadvantages of using a cash buyer that you might experience, depending on the buyer. One possible drawback is that the offer price you receive could be up to 25 percent lower than you might get when selling with an estate agent. Another issue may be cash buyers promising to not charge commission but still insisting on you paying some fees.

✅ What should I do to get my property ready to sell to a cash buyer?

There are a number of simple tasks you can undertake to make your home appear more valuable to a cash buyer. Inside the property this can include cleaning all of your rooms and removing as much clutter as possible, because it will make the home seem larger. Outside the property, one step you can do is to mow and weed any green space you have.

✅ How quickly will I be able to sell my home when using a cash buyer?

If you decide to sell to a cash buying company, such as LDN Properties, then the typical timeline should only be a handful of weeks, and this covers the time required to exchange contracts and for you to receive the full proceeds. That’s a much swifter timeline than you can typically expect when trying to sell your property through either an estate agent or a property auctioneer.

✅ Will I need to pay commission when selling a property to a cash buyer?

No, and that’s another of the advantages of selling using this method – cash buyers do not charge commission, which will assist in reducing your overall selling expenses. That compares very favourably to the alternatives of selling via an auction or with an estate agent, as those two options will charge you commission that will be subtracted from the final sale proceeds.

✅ What other options do I have to sell my house or flat instead of a cash buyer?

The two typical alternative methods to seeking a cash buyer for your property are using an estate agent or trying your luck with a property auction. Whilst these methods can help with reducing your workload with selling, they nevertheless have a number of downsides that you might experience including high fees, taking months to sell and other negative issues.

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"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward."Thomas from London

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