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★Sell Your Home Quickly – What Can Delay A Sale
Posted on: 22nd June 2018 | Filled under: How to Sell a House
Written by: Mark King
There are many reasons why you may want to sell your home quickly. Unfortunately, there are also countless ways in which this may not prove possible. It is often a daunting prospect to plan the sale of a property, especially if you need to sell quickly. So let’s go through some of the problems you might face, and what you can do to overcome them.
Life can often throw curve balls our way, when it does it’s important to be prepared. This is especially true when it comes to property. Ensuring you and your family can get the most out of a property sale is essential
Ensuring a fast property sale comes down to preparation, planning and having help from trustworthy sources.
In the vast majority of cases, it also relies on you finding someone willing to pay cash for your home, as that is the key to completing the deal fast.
This is where Mark King properties comes in, getting you the fast sale you’re looking for.
Getting a quick sale
There is a way of making this happen with the minimum of work and worry. You can simply put your South Wales home in the hands of Mark King Properties. He offers fair and realistic cash prices for all local properties, meaning you get the quick sale you wanted.
There are other ways to sell your house of course. Let’s look at the whole situation more closely. Here are some tips and insights on ways to sell your property fast independently. Then we look at how it would work using the efficient services provided by Mark King Properties.
What can delay a house sale?
And how can you avoid it?
If you want or need to sell your house quickly, what sort of issues could slow the whole process down?
The ultimate obstacle is that there are simply not enough people interested in properties in your location. Areas of South Wales come in and out of “fashion”. Plus, many buyers have long shopping lists when it comes to locality, such as being near the best schools or on bus routes.
Finding easy ways to sell property
Another reason you could find you have a lack of interest in your property is if the size or type of your home is not suitable for people who are currently looking to buy homes in South Wales.
Unfortunately, the location or size of your property is not something you can easily change. You could shell out for an extension if you wanted to increase the property size, but this is not often an option.
Even if you do have the cash available to extend the property, this will not always yield you a return in investment. This is simply because you can never please everyone, and for everyone who is looking for a larger home, there is also someone looking for that smaller property.
This is why it is often best to leave house improvements to property experts, like Mark King Properties. Knowing the local market and what is needed to sell a house can often take years of local experience, which is exactly what Mark King properties has.
When it comes to location, there is literally nothing you can do. That house is not going to move anywhere anytime soon. So if you live near a school, bus route, train track, or large main road, you will likely have to sit through many viewings because of this.
Issues such as location or size of properties are something that a lot of people will face when it comes to trying to move out of their property.
If these issues are true for you, there is little or nothing you can do to secure a quick sale for your property. The demand for homes like yours is either there, or it isn’t.
The result is that you will have few viewings or none at all. Your house could sit on the market for many months, and that fast sale you wanted will become impossible.
Selling a property in need of work
The pitfalls of renovation
An alternative obstacle for selling your house quickly could be that it needs either cosmetic or structural work.
Viewers form opinions about properties they view very quickly. If they visit your home and see something that alarms them, it cools their interest instantly.
This could be as simple as the state of your front garden, driveway, house fascia or anything else that viewers see when they arrive. First impressions really do count.
Then if viewers do come inside, to secure an offer, you will need your home to look appealing and worth its asking price. Patches of damp, poorly maintained window frames, outdated kitchens, moisture trapped in double glazing and a long list of other factors can put buyers off.
Having a target sale price is important, and you may well need that amount to buy or rent your next property or to settle debts. However, if viewers struggle to see the potential of your property, they will either walk away or submit offers well below the asking price.
To sell your house quickly, you may be left with the prospect of accepting a price that is considerably lower than its valuation, and far short of the amount you needed.
Investing in your home to secure a quick house sale
Take the stress out of your property sale
If your property does need repairs, or work to improve its appearance, then to sell your house fast you may need to spend cash. And set aside time to make the home improvements.
It will entail effort and money doing your own work on the house or even more cash to have tradesmen carry out repairs or decoration.
Finding affordable ways to get your house sold
Not everyone is in a position to pay out money like this, to gain interest from potential buyers. It also slows down the sale process. So, if you are selling your house quickly, do you accept a lower price just to get it over with? Or do you wait patiently for some months for a buyer who can see the “potential” in your property?
Problems with a traditional house sale
This part of the traditional house sale is often overlooked. And is often one of the more frustrating parts of trying to get your home sold quickly.
Your estate agent will often give you a kind valuation, getting you excited about how much your house value has increased without you even realising. This is often a good way for estate agents to get people to agree selling their house through them. They’ll tell you that you can get more for your house through them because they are superior to other agents or ways of selling your home quickly.
However, once the amount of interested people is disappointing, you will often be forced to lower your asking price. This is often where if you’re looking for a fast sale, you will need to drop your asking price by a considerable amount.
Even once you lower your asking price, your estate agent may advise you that your house could do with a “touch up”. If you’ve done any kind of renovation to a property before, you’ll know just how time consuming this is.
Not only is it time consuming, it is also expensive to buy even the simplest items such as a little bit of paint for the walls or gloss for the doors and skirting boards. If you are lucky enough to only need minor cosmetic improvements, then shelling out for a little bit of paint may be within your budget. However as soon as improvements to your home get a little bigger, then you can expect the price tag for improvements to quickly spiral out of your planned budget.
Even after dropping your asking price, and potentially doing all the referbishing you can afford, you’ll then have to go through the viewings.
Property viewings
Viewers will go through your home trying to find any little reason why your asking price should drop once again. Whilst this may be annoying, it is to be expected with this method of selling your house. No one will ever come round and offer you more more than you’re asking for. But everyone likes to try and get a bargain.
Maybe they don’t like the decor, maybe it’s smaller than it looked in the pictures, whatever the reason, they will obviously always look for a reason to offer you less.
People often find that the valuation their estate agent gave them, and the offers they end up receiving are no where near the same valuation. This is often after months of keeping the house immaculate, doing refurbishments, and taking any viewing on the house.
Keeping up with costs
You also have the added burden of keeping up with your mortgage payments, and upkeep of your property while waiting for someone to make an offer on your property.
The etiquette of property viewings
If your house is well maintained and of good appearance – or you have priced it according to its current state of repair – securing an offer for your house can still be hard work.
You will need to keep your home tidy, clean and clutter free for the duration of the time it is listed on the property market.
This can be a particular challenge if you have children or pets! Your viewers may not appreciate the spread of toys across the floor or the smell of wet dog, things that you have become accustomed to.
Keeping on top of a property, when in your heart all you want is a quick house sale, can be dispiriting and frustrating.
The right agency for selling your house quickly
With your property looking great and ready for potential buyers to view, much of the success in securing a speedy house sale then comes down to the effectiveness of local estate agents.
No matter how eager you are about selling your house quickly, you are in their hands.
Finding the right people
You will need to make sure they are doing everything in their power to promote your home, using online methods and well-presented property details in their high street shop. Promoting houses in multiple ways like this is the only way to be sure of getting it in front of enough interested people, to find that one buyer willing to move quickly.
Remember, if you come across an unscrupulous estate agent who appears to be providing a very poor service, you may have a case to take to the property ombudsman. The Property Ombudsman is a UK government-approved organisation which aims to provide better consumer protection for home buyers and sellers, landlords and tenants, by providing independent conflict resolution and raising standards of service in the residential property industry. If you ever have a problem with an estate agent, they are the people to contact
The long process of selling
When you sell a house, it can be a huge relief when someone makes you a realistic offer. However, even when someone has agreed to buy your house, there is still a lot of work and worry ahead.
It can be a particularly long and frustrating period of time for anyone who wanted to sell their house fast.
The legal exchange involved in house selling is called conveyancing. This is when both you and the buyers engage a specialist to draw up contracts. This is one of the main hindrances when you want to sell your home fast.
Arranging finances
If the person buying your property needs a mortgage, they will also have to do some negotiating and admin that involves their bank or building society too.
The paperwork includes the buyer’s representative doing local searches for anything which could negatively effect the house sale price you have agreed on. Such as, are there local planning issues which could affect your property, or is your house near disused mines or areas that tend to flood?
The buyers – or at the very least their mortgage lender – is likely to commission a survey of your property too. This is where countless quick house sales run into a brick wall.
Getting a bad valuation
Surveyor’s reports are notoriously harsh. There are various levels of investigation, but each could throw up structural problems that delay or even stop the sale from happening.
At the very least, your prospective buyer may ask for money to be knocked off the house’s asking price you have agreed.
Then you have a dilemma. Is it worth accepting less for the property than the asking price, to be sure of selling your house quickly?
The “quick house sale” that never was
Bear in mind that sadly many South Wales property owners find that their quick house sale never actually happens.
For many reasons, house sales break down, right up until the completion date. This can be particularly heartbreaking if you really needed the transaction to go through swiftly. If you need your house sold quickly, it’s best to stick to guaranteed sales.
One of the most common reasons is the inability of prospective buyers to pay. Buyers may make an offer and agree to move quickly, when in fact their own funding is not in place. People will often make offers on properties before they have their own finances cleared, either from their mortgage lender or from the sale of their own property.
Lenders have stricter criteria these days, to prevent to the credit crisis that happened a few years back. Getting a mortgage is now difficult in the UK and many people – especially first time buyers – are faced with the challenge of saving a large deposit.
The national property trade values a cash sale highly of course. It means that a quick sale could be a reality. That too is fraught with problems though, if the cash price you are offered is far lower than what you hoped for. Not all buying companies have the interests of the home seller at the forefront.
That brings you back to the problem of selling your house quickly but having a shortfall in the money you need to move forwards with your life.
The best solution to selling your house quickly
Get your free valuation today
Selling your house has never been so easy!
Fortunately, for South Wales homeowners there is a way of overcoming all of these problems, with one phone call to Mark King Properties.
Mark King will buy any property, in any condition and locality. And always as a quick, cash sale.
There is no need to spend money or effort making repairs or improving its appearance. Nor is there any of the hassle of keeping it clean and tidy for viewers – who may or may not even turn up.
It means you won’t have to wait weeks for a realistic offer on your property. Instead, you will be offered a cash price for your home within 24 hours of the initial visit.
This no-obligation free quote for buying your property fast is created by a local expert. Someone who knows the value of the South Wales property market, and who is empathetic with local folk who need to arrange a fast home sale. Mark King knows that you matter.
The whole arrangement can be completed in a matter of days. Sell your house with ease with Mark King Properties today!
To talk to us about selling your house quickly, for a fair and realistic price, contact us today on 02920 501 001
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