Not so long ago homeowners were limited to a few options to selling their property. These consisted of traditional high street estate agents and auction houses. Rarely were properties sold to private buyers mainly due to access and awareness of who people were selling too. Once locked in with an estate agent to sell your home, homeowners can be lulled into a false sense of security that their property will be sold. Only after of months of their property sitting on the market do homeowners search for an alternative which is not only stressful but costly. For people looking to sell their house quickly, selling through an estate agent may not be an option.
In the last couple of years there has been a revolution in the property market with the increasing rise and popularity of cash house buyers. Not to dissimilar to a private buyer, cash house buyers, are companies that are in a position to offer people cash for their properties. Not only does this mean avoiding selling your property on the open market through an estate agent of auction house but the sale of your property to a cash house buyer can be completed within a week to around a month.
Cash house buyers will generally pay between 70% and 80% of the market value of your home. For those people in need of releasing their cash quickly from a house sale this can be an attractive option as not only will you avoid paying estate agent and solicitor fees but avoid the possibility of your property lingering on the markets for months, being stuck in a chain of buyers or worst of all a potential buyer pulling out of the sale. It is highly recommended that people look for a cash house buyer who is a member of the National Association of Property Buyers (NAPB) as this will protect your house sale. All firms must adhere to the NAPB code of conduct and be registered with the Property Ombudsman