Cash Paid For Property

If you want or need to sell your home quickly the answer to your problem is a cash buyer. Straightforward cash paid for property deals are much quicker and have fewer complications than any other methods of selling your house.

You may be moving abroad and want a fast completion on the sale of your property or maybe you're facing repossession and need to prevent the mortgage company from seizing your home, or you may need extra cash to solve a financial problem.

The cash paid for property by cash buyers is usually between 65% and 90% of the current market value of your property. When you sell your property to a cash buyer you should take into account the benefits, compared with selling your property through an estate agent.

In the current housing market and with nearly everyone being affected by the credit crunch, you may have to wait a long time until you find a buyer for your property. If anyone is interested in buying your property, then it's highly unlikely that they'll offer you the full asking price anyway. So wether you sell to them or to a cash buyer, you will more than likely have to sell your house below it's advertised current market value.

You will also save on estate agents fees, advertising costs, producing a Home Information Pack for your property and you won't have to suffer pointless viewings of your home by people who are involved with property chains and are currently in no position to buy your house, no matter how much they love or want your property.

You won't have to put up with property sightseers either. They are people who have no intention of buying any property but enjoy passing the time of day in other peoples' houses, either for the companionship or for the ideas they can get from the interiors of other houses that they can transfer to their own.

Cash buyers will buy your property quickly and complete the purchase within one to four weeks of you accepting their purchase offer. In some cases, cash buyers can buy your home within 24 hours! They also generally cover solicitors costs and carry out their own conveyancing. 

Cash Paid For Property

The biggest challenge when you want to sell your property quickly is finding property buyers who can buy your home without the need for a mortgage or home loan.

Your ideal buyer is a homebuyer, property investor or property developer that already has finance in place and can exchange contracts immediately. They have the cash to instantly buy your home from you direct, without the need to involve a lender in the property transaction.

But where do you find cash buyers for your property?

Your local estate agents will have cash buyer contacts but will be unlikely to give their details to you and cut themselves out of any commission they'd earn if your property was sold through them.

You can advertise in the local press or search through it for cash buyers who already advertise there.

You should definitely search the Internet using a search engine like Google or Yahoo with a keyword phrase such as 'cash paid for property'.

However, if you want to be absolutely sure of securing the sale of your home, you still need to make the property attractive to the buyer. Here's how…

1) Give a full 'estate agent style' description of the property. Buyers want as much detail on your property as possible. Go through your house room by room and describe the features that really 'sell' your house to the buyer. Include room size measurements and mention features like double-glazing, boiler systems and anything else that adds value to your home - especially if it is newly installed.

2) Get the property professionally valued. An official valuation of the property from a local estate agent or surveyor is crucial. You need to state the value of the property in your description if you want to achieve a quick sale. Most estate agents will give you a free valuation of your property.

3) Invite offers at 10% - 20% below the property valuation. By doing this you are guaranteed responses to your request for a quick property sale. Buying property at below market value is the sales hook that will draw the right type of buyer in for your property. Remember that estate agents fees, other costs and any offer below the asking price that you would normally accept will probably equate to around a 10% reduction on your asking price anyway.

4) Get your property's paperwork together. Collect all paperwork relating to your home including guarantees for work done to the building and information on your mortgage lender. This information should already be included in your HIP (Home Information Pack). Your buyer may wish to inspect these ahead of making an offer to buy your property.