Is it quicker to sell your Barking house or flat to a speedy buyer?
If you are ready to sell your Barking property, an important early decision will be the method of selling that you want to use, whether that’s a fast home buyer, an estate agent, or an auction. Consider the various pros and cons of each option before you make a final choice.
LDN Properties and other quick property buyers can usually complete the purchase of your house or flat in a few weeks, including the process of exchanging contracts and paying homeowners their proceeds.
Further, fast home buyers also generally do not charge people any commission for selling their homes, so they are assured of receiving the full profit from the final sale price offer.
And another benefit of using a fast home buyer is that you won’t have to put up with having viewings at your property where potential buyers come to inspect the inside and outside.
One benefit of using an estate agent is that they’ll prepare the listing for your home and advertise it to generate interest from people. And they are often responsible for leading the viewings, although these can still be time-consuming and inconvenient for homeowners.
But remember that estate agents can take many months or perhaps even longer to sell properties, and there are no deadlines associated with the process. That uncertainty about when you’ll sell is not ideal when you are looking to sell your home as quickly as possible.
In addition, you will also have to pay estate agents commission for selling your house or flat, and depending on the percentage of commission this can significantly reduce your sale profit.
Or you might be considering using an auction, where you’ll agree to a minimum reserve price at which you’re willing to sell your home. The goal is for many people to be interested in the property so that they try to outbid each other and raise the final sale price far about the reserve, but it’s important to remember that you might have to settle for receiving the opening bid value.
Auctions tend to ensure a faster home sale than estate agents, yet you could face a delay of possibly a few weeks between the date you list your property for sale and the date on which the auction takes place. And even if your home sells you might still face further delays of a month or more whilst all of the mandatory legal paperwork for the sale of your property is completed.
Remember that auctioneers will also charge you commission, and you’ll have to deduct this value from the total profit you can expect to make from selling your home. However, in some cases you might be able to pass this cost on to the person that placed the winning bid.
