Top 5 Ways To Sell Your House - Part 5 - Selling To A House Buyer
Today is the final instalment in our guide, "Top 5 Ways To Sell Your House". Over the past few days we have looked at different ways to sell your home: selling through an estate agent, selling at auction, selling privately and selling through a part exchange. Today we will look at a final option that is becoming increasingly popular with people that are looking to sell their house quickly: selling their home to a house buying company.Since the late 90's the number of house buying companies had increased massively. Quick Move Now (QMN) was one of the first major players on the scene in 1998, and has become one of the biggest players on the market.
The usual process for selling your home to QMN is as follows: the vendor contacts us to say that they are looking for someone to buy their house. This could be for a number of reasons, such as: their house is about to be repossessed, they have to relocate quickly for their work, or they are getting divorced.
QMN takes the phone call, then arranges for 3 local estate agents to value the home. The estate agents visit your home and undertake an external and internal inspection.
There is no cost or obligation in receiving an offer to buy your home. Once a valuation has been made, an offer will be made (up to 90% of the property's value).
If the customer decides to accept the offer, they decide the date that they want the sale of the house to complete. The vendor then instructs their solicitor (QMN pay £500 towards solicitors fees).
QMN require a refundable deposit of £500, to cover some of our purchase costs, should the vendor withdraw from the sale. We then instruct a RICS surveyor who completes a Home Buyers Survey to check the structural integrity of the property. We then exchange contracts and complete on the day of your choosing subject to survey and clear legal title.
The main benefit of selling to QMN is the speed of sale. QMN can turn around a sale (from initial phone call to completion) in as little as a week, making selling to a house buyer by far the speediest of the selling avenues this blog has recently covered. This rapid turnaround period can mean the difference between your house being repossessed or not.
The benefits of QMN specifically are the fact that QMN are established professionals with years of experience, plus the fact that we use our own cash to buy, and do not rely on third parties, mortgages or investors. This means that we can often complete faster than other house buyers, since we have large cash reserves (QMN turnover was £70 million last year) to draw upon when buying houses.
Two other benefits of selling your house to QMN is that vendors avoid the expense of paying estate agent or auction fees, plus the fact that you don't need a Home Information Pack when selling to QMN; this saves significant cost and hassle.
If you are thinking "I need someone to buy my house," or "I need someone to sell my house to.", then get in contact with Quick Move Now and see how we can help
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