If you have ever sold a property, you’ll know it can be a somewhat stressful ordeal. Not only do you have to deal with the various challenges and expenses of the housing market, but you are also at the mercy of delays, property chain frustrations and the heartbreak of a sale falling through — one in four house sales fail every year in the UK.
Accepting a cash offer on a house often speeds up the sale and makes the whole process less stressful.
Is it a Good Time to Sell a House?
As the spread of coronavirus continues to disrupt everyday life around the world, the UK property market is facing uncertain times. Since the strictest lockdown rules were lifted in May 2020, house sales and prices have soared. But this buoyancy in the market cannot continue indefinitely, and there are signs that sales have begun to slow, triggered by the end of the stamp duty holiday in September 2021.
So, where does this leave you if you need to sell up and move on in 2022? 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.
[Download our guide, Top Tips for Choosing a Quick Sale Company You Can Trust to learn more about selling to a cash house buying company.]
What is a Cash Buyer?
A cash house buyer is someone who has the money in their bank account to buy a property outright, with no need for a loan or mortgage. This speeds up a sale significantly as there are fewer hurdles, such as viewings and mortgage applications — it can take a mortgage lender 2 – 6 weeks to approve an application. By choosing a cash sale, you also avoid the potential delays and complications of conventional property sales, such as broken house chains.
A cash buyer will often be a house buying company or a company representing a property developer who intends to purchase the property for renovation. A genuine cash buyer will already have access to the funds needed to buy your home. If they don’t, you will likely face delays if you accept their offer.
Whether you have received a cash offer from an individual or a company, it’s essential first to request proof they have the finances to cover the cost of their offer.
House Buyer Bureau is a genuine cash buyer, and we are happy to provide evidence of funds. We are part of HBB Relocation Services Ltd (company registration no. 7857990), and you can find out more about us and our financial accounts at Companies House or Endole.
What are the Benefits of Accepting a Cash Offer on a House?
You Can Sell Your House Fast
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 quick house sale experts will work with you to agree on dates that fit 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. Give our team a call today to find out how we can help you.
The Process of Selling a Property Is Less Stressful
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, more so than getting divorced or having a baby. 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 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 property 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 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.
Save Money on Traditional House Sale Costs
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 agent fees can be as high as 3% of the home’s sale price — that’s more than £8,000 for a £270,000 home (the average sale price in the UK in September 2021). 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.
If you opt to use a house buying service, you will be saving money on the costs associated with a traditional home sale. There are no legal, valuation or estate agent fees to pay. There’s no need to spend time and money doing repairs or making home improvements 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.
Selling to a Cash House Buying Company Is COVID-Safe
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 current government regulations allow house viewings, it continues to advise people to exercise caution, and many people are wary of mixing with strangers indoors. As new variants, such as Omicron, continue to emerge, there is also the possibility that the government will re-introduce stricter regulations about social mixing.
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.
A Guaranteed Sale
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 2022. 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.
Why Choose House Buyer Bureau?
House cash buyers are hugely beneficial for people looking to sell their property as swiftly as possible without dealing with the hassle and stress of the housing market.
House Buyer Bureau is the UK’s favourite cash house buyer. We purchase all properties, regardless of their location or condition, making it the perfect solution for sellers who have been struggling to sell a property.
There are no valuation, estate agency or lawyer fees to pay, no viewings, delays or complicated property chains — just the benefit of a straightforward, hassle-free cash offer for your home.
Are you looking to sell your home to a cash buyer? Get in touch today to discuss your property with our professional team of house buyers and find out how we can help you.