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Archive for April, 2012

How To Sell Your House Fast

Selling a house can be considered to be a simple or difficult task depending on how you approach it. Although the economic outlook may not be favorable, it is still possible to sell a house fast. To begin with, you could approach sell my house fast agents who understand the market well and are capable of finding a suitable buyer for your house in seven days or less. However, you must be ready to pay a small premium for the service. These agents are also helpful in terms of evaluating the condition of the house so as to determine the real value. Some of them may pull a trick on you by over evaluating the house you want to sell so that they also get to earn more.

It is advisable to ensure that you seal any loopholes concerning the payment of these agents. For instance, if I had approached an agent and I happen to sell my house fast they will not be entitled to any payment even though they had carried out the evaluation. The importance of this is that it protects you from some of the sell my house fast agencies that are out to exploit the unsuspecting clients. Even then, not all agencies will charge for the valuation.

You may also want to sell your house to property managers who buy all sorts of houses, in various places and at varied prices which they renovated and rent out or resell. These are safer to deal with compared to agencies because they do not charge any fees for the sale. Moreover, they will also have an agreement with you that they will not re-negotiate to their advantage. Some of the benefits of working with property buyers include getting a competitive price for your house. Secondly, you also get a unique opportunity are you are linked to a wider market than you would have on your own, most importantly, you are relieved of the stress that comes with having to go through the entire process on your own. Lastly, they will not subject your to the hassle that comes with dealing with agents.

There are numerous other sell my house quick strategies that include the use of the internet. There are a number of online platforms where you can advertise your house and make a private sale. If you opt to use this channel, you will need to ensure that you enlist the house you intend to sell on high ranking pages.

You will also do well to ensure that the house is in a perfect condition. Thus, you will need to take care or any repairs as well as improve the curb appeal. This is because if the house is not attractive on the outside then it is unlikely that you will get a buyer quickly. A house that requires a lot of renovation and repair works will simply turn off any prospective buyer because nobody wants to pay more. Moreover, selling a house that is in a good condition is likely to fetch a little more money than one that is not. So if you are looking to sell house fast, ensure that you have all the possible factors that affect the sale covered.


Mortgage Drops Mean Less Buyers

The number of mortgages taken out and approved has dropped drastically in the past few months of 2012. The amount of approved applications peaked at 2,757 in February, that being the highest figure since 2007. Since then, it has got  lower each month and steadily declining. This has obviously taken its tole on the property market, with less buyers houses are taking far longer to sell.

The government has said that it has in the past done little to help the property market, especially first time buyers trying to secure a mortgage to buy a new home.

Louise Holmes at Moneyfacts said: “The main reasons for the fluctuation in the number of higher loan-to-value (LTV) products will be due to the stamp duty holiday coming to an end and the introduction of the government’s NewBuy scheme.”

The government has introduced NewBuy, a scheme that is intended to help first time buyers to purchase property with special mortgages at around 95% LTV. The scheme is intended to help 100,000 new buyers in England and Wales to buy a new build home.

However some believe that the government is not doing enough to keep the property market moving.

Homeowners are taking up to 6 months to sell property, which is a long time considering you will have to pay 6 month of mortgage payments and 6 months of household bills.


Property Prices In The UK – 20% Drop In 2012?

If you read the news, and follow the media you will see there are mixed messages going around about whether property prices are going up or down.

Recently and article was published in The Economist that stated UK houses and housing in Europe in general was still too high, and that essentially it was destined for fall further.

Although nobody can say for sure what is going to happen with the UK economy, some things are for certain; our national debt isn’t going away in a hurry, our banks are not lending as well as they could be, our jobs are dwindling, and our unemployment is soaring.

This all leads to speculation that a second property crash is imminent. We can at this stage only speculate.

If you are thinking about selling your house, or if you currently have your house on the market, i’m sure you are aware that it is taking estate agents a long time to sell property. This is down to the problem of a lack of buyers in the market.

If we do have a further financial catastrophe here in the UK, there will be even less buyers.

This means your chances of selling a property become very difficult!

Why not get a property valuation from us, and see how much your house is worth right now. Remember, there is no obligation to sell, and our advice is confidential and totally free.


Selling Your House At Auction

If you are thinking about selling your house, you may be tempted to sell at auction. Auctions are a great way to sell your property, but on the negative side, chances are you won’t get full asking price for your home. It is likely to sell for much lower, and often way below the valuation.

You should only really consider selling at auction if you have struggled to sell property by other means. For example if it has structural issues, or is in need of a severe renovation.

It may be that you property is rare and highly sought after. Maybe someone famous use to live there, which gives it added value. These types of property also do well at auction and it can attract a lot of publicity.

Similar to ebay, there are things like reserve prices, and ‘buy it now’ prices you can set which help you get the price you are after.

One of the major disadvantages of selling via an auction is the cost. It is one of the single most expensive ways anyone can sell a property. A typical auction house commission is 2.5% as well as VAT.

What’s worse is, if your property fails to sell at auction you will still have to pay an auctioneers fee, typically around £1500 – £2000.

If you think your property would do well at auction, why not go down to an auction house and find out a little bit more.

You could even sit in on a live auction to see exactly what happens.

Remember, don’t raise your hand unless you want to buy!


The Cost Of Selling Your Home

If you sell your house with an estate agent, you need to be prepared to pay fees in the region of 3%. But, you also have to remember that this will not be the only cost involved in selling your house. You also need to take into consideration your selling fees, and solicitors costs. These can turn out to be expensive, especially if your selling a property valued under £150,000, as you need to get as much of the equity out of the property as possible.

On top of all of this, estate agents are taking up to 6 months to sell property in the current economic climate. That’s 6 months of paying your mortgage, 6 months of paying the household bills, 6 months of paying insurance. This again all adds up when it comes to selling your home.

If you sell to a house buying company, such as best price paid, you don’t need to pay any fees as we pay them for you. You will also not need to pay any valuation or solicitors fees. These are paid for you.

We can also sell in as little as 7 days, so you won’t be paying your monthly mortgage cost! The downside is, if you want to sell fast, you will need to take a discount on the asking price.

But if you add up all of the long term costs, you will see that quite often you will come out with more even after a discount!

Remember to get your free online valuation today, and see what we will pay!


Selling Your House Privately

It is becoming far more common for home owners to sell their house privately than ever before, especially with the internet offering such great alternatives to regular estate agents.

Private house sales put the homeowner in charge of everything, from the marketing of the property, right through to completion of the sale.

There are various ways to do this, and the best part is, you don’t need to pay a commission to an estate agent!

If you are looking at selling your house privately then the best place to start is probably going to be the internet.

Check out these useful links where you can advertise your house (some are free, some charge a fee).

Tepilo
PropertyBroker
HouseWeb
NoEstateAgentsPlease.com
The Little House Company
Ebay

Selling your house privately doesn’t have to be as technical and advanced as the above websites, it can be as simple as advertising in the classified ads section of a local newspaper, free newspapers and adtrader.

A private house sale can be as simple as putting up a sign in your window, or making your own for sale sign to put in your front garden. Remember, although we are in a technical age, not everyone has the internet so you don’t want to exclude potential buyers. You could even think about putting your ad in local supermarkets, or even creating a simple flyer and dropping it locally.

Useful Links

FreeAds
Loot
Easier.co.uk