Accepting a cash offer on a house often speeds up the sale and makes the whole process less stressful.
As the spread of coronavirus continues to disrupt everyday life around the world, the UK property market is facing uncertain times. After the strictest lockdown rules were lifted in June, the UK enjoyed a mini property boom, but experts predict this buoyancy in the market will be short-lived and prices will plummet later in the year.
So where does this leave you if you need to sell up and move on this year? Accepting a cash offer on your house from a reputable house buying service will allow you to sidestep the stress and uncertainty of selling on the open market in the current climate. Now really is the time to act — if property prices do fall in the coming months, you will certainly get less for your home than you would today.
What Are the Benefits of Accepting a Cash Offer on a House?
A traditional house sale typically involves welcoming lots of strangers into your home — from the estate agents conducting the initial valuations to potential buyers viewing the property. Although the government has eased lockdown rules in the UK, it continues to advise people to exercise caution, “stay alert” and practice social distancing where possible.
Selling to House Buyer Bureau will significantly reduce the number of visitors to your home. We are set up to work remotely, there is no need for viewings and we can conduct valuations using customers’ photos and videos. Our lawyers and asset managers can work with you remotely too.
- Reduced Stress.
Selling a house on the open market is often extremely stressful. A consumer survey by Which found that buying and selling a home is one of life’s most stressful events, second only to going through a divorce. Selling a home the traditional way involves constant viewings that disrupt daily life and entail endless cleaning and tidying. This is often coupled with the constant stress of dashed hopes when an offer fails to materialise from even the most enthusiastic viewer. When an offer is finally made and accepted, there’s concern over survey results, the worry of a broken chain resulting in a failed sale and constant anxiety about the buyer withdrawing last minute.
We are a genuine cash buyer and we have the funds to buy your property regardless of its condition or location. We can also offer completions in as little as seven days after a formal offer is made. There’s no need for estate agents, viewings or waiting around for the perfect buyer to appear. It’s a quick and hassle-free way to sell your property — all of which means less stress for you.
- Money Savings.
Traditional estate agents may value your property at a higher value than a cash buyer, but selling a house this way often involves various associated costs that will eat into the amount you walk away with. Estate agents fees can be as high as 3% of the home’s sale price — that’s almost £7,000 for a £231,855 home (the average sale price in the UK in March 2020). Add to this the cost of conveyancing, home improvements, and mortgage repayments while the house sits on the market and you can see how quickly the proceeds from your sale will diminish.
Sellers who use a house buying service have no legal, valuation or estate agency fees to pay. There’s no need to spend time and money doing repairs or making over the property in a bid to attract sellers — we buy property in any condition. Take a look at what we pay — we think you’ll be pleasantly surprised. There’s a reason we are one of only a handful of companies recommended by The Advisory.
- Fast Sales.
There are many reasons a homeowner may need to make a quick sale. Whether you’re keen to move on after a divorce or you need to raise funds for a new business venture, accepting a cash offer on a house is the fastest way to sell.
We offer completions in as little as seven days after a formal offer is made. Our team of experts will work with you to agree on dates that fit around your plans. If you’re in a sticky situation or excited to seize a new opportunity, a guaranteed sale from a cash buyer will help you achieve your goals, fast.
- No Failed Sales.
The only way to secure a guaranteed sale is with a house buying service. We do not need to secure finance to purchase your home, we won’t find another property and change our minds about buying yours and there’s no property chain to collapse. We will conduct a survey before making a formal offer to ensure our valuation is accurate and fair, but we buy property in any condition.
A cash buyer like House Buyer Bureau eliminates the risk of a failed sale and the expense and stress that goes with it.
There are many benefits of accepting a cash offer on a house in 2020. If you’d like to know more about us and how selling to us works, contact one of our friendly team of experts to discuss your requirements or get a free cash offer for your property today.