When it comes to selling property many of us believe people do it to upgrade on their existing property whilst few of us think it may actually be because the owner needs a quick house sale for cash. But interestingly, one of the main reasons people are selling their house is just that.
Other reasons include children’s schooling, divorce, separation and more increasingly, friends who have grouped together to buy a house and have subsequently fallen out. In these times of economic uncertainty though one of the prime factors people sell house for cash is to release equity and downsize. Whether people can afford to lose the space personally is another matter but as interest rates rise and more and more people are made redundant then the ability to repay the mortgage each month along with other household outlays, maintaining a family and a car and putting food on the plate gets harder and harder.
Of course, whilst you may have to put your house on the market for these reasons, the people that are looking around your house do not need to know this and you are well within your right to give any other valid reason you want to sell.
Unfortunately, some people find themselves in a situation where their house is run down and in need of restoration so will not easily sell on the open market. In this case, there are other options to choose and companies out there that will offer a good deal on your house.
Anyone in the property market will tell you they’ve had a tough old time of late. The recession, government changes and a general downturn in spending has meant that houses on the market aren’t shifting. Not anywhere near fast enough anyway. People have had the unfortunate experience of having a house up for sale for as long as they can remember it feels like, often with not even one measly viewing. Whilst people will suggest they lower the price of the house, this is not always possible for the homeowner. For those that it is possible to do, they have found using Online Property Auctions can help. The auction format means that more often than not the house is sold for less than the market may offer but it will provide a quick property sale which for many, is highly desirable.
For people who have struggled to drum up any interest in their property it may be an idea to think outside the box. A farmer in Devon had his house on the market for nearly two years and has had very little interest. He has decided to offer a £20, 000 cash reward to anyone who manages to introduce him to a buyer. Spread the word people! Another optimistic seller has decided to try a different initiative. A businessman in Buckinghamshire has decided that anyone who ends up buying his listed house will get his 36-year-old Triumph TR6 – For free with the sale and a seller in Nottingham is offering a brand new Ford Ka with the sale of his house.
Whilst it is still a good idea to try more orthodox methods like Online House Auctions in the first instance, if the going gets really tough, consider what else you could offer alongside your property to incentivise the buyer.