Shall I Sell To Home Buying Company If I Need A Quick Sale
Saturday, November 8th, 2008If you need a quick property sale selling on the open market via an estate agent is often a painfully slow and frustrating experience. Property is one of the most illiquid assets – the average time to sell via an estate agent is 6 months from beginning to end. Of course, some sell very quickly and other sales take more than a year but the average is still pretty slow. However, this delay is necessary if you are to get the maximum price possible for your property.
If time is the priority then there is another option available whereby you can sell your property in 2-4 weeks. This option is normally only suitable to those who really need to sell quickly. This is normally due to financial difficulties, emigration, divorce, separation or the threat of eviction or repossession. In these circumstances waiting 6 months to sell is not an option.
A specialist home buying company buy properties directly from sellers so there is no need to wait for them to advertise it to potential buyers. They also have the cash available (either in their bank account or as pre-agreed finance which they can access just as quickly). The process for selling to them is normally as follows:
