selling house for quick cash??

surfsister

I sold a house at auction and it is so easy but you need to negotiate on the commission and get it as low as possible - try several auction people.

Also you can add in a clause that the buyers pay your legal fees too. with an estate agent.

Of course you will get a lower price than if you sell it

It is quick if you get in at the next auction as they are usually monthly.

Good luck!

I have no experience of other ways to sell so can't advise.

Comms69

surfsister wrote: »

I sold a house at auction and it is so easy but you need to negotiate on the commission and get it as low as possible - try several auction people.

Also you can add in a clause that the buyers pay your legal fees too. with an estate agent.

Of course you will get a lower price than if you sell it

It is quick if you get in at the next auction as they are usually monthly.

Good luck!

I have no experience of other ways to sell so can't advise.

The commission is largely secondary


Auctions will sell undervalue.


I could auction it for you for 5%, but my audience is tiny.


A recognised auctions house may charge 15% but have a massive audience, therefore reaching closer to the value

Doozergirl

15%! Nobody reputable charges anything like that!

kangoora

Doozergirl wrote: »

15%! Nobody reputable charges anything like that!

That's just the sellers commission cost and is not unusual I believe.

I regularly go to auctions and can't think of any near me that charge less than 17.5% with some up to 20% for the buyers premium also.

So from each sale they can get up to 35% of the value, nice money if you can get it.

Having said that, I know someone who sold a classic motorbike and I believe they only paid circa 12.5% fees from a well known auction house (worldwide name) due to it being around £250k worth and achieved that at auction. I think they put it on the front cover of their catalogue as it was so rare.

davidmcn

kangoora wrote: »

I regularly go to auctions and can't think of any near me that charge less than 17.5% with some up to 20% for the buyers premium also.

We're talking about property auctions - are you? Higher value means lower percentages for the auctioneers. Buyer's premium is more like 1%.

getmore4less

Pinnypinpin wrote: »

Has anyone here used or have experience of the companies that buy a property quickly for cash (obviously at a much lower than market value).
I have a small flat I've inherited and the only offer/sale has fallen through. Its been on the market for 10 months. The flat is almost 300 miles from where I live and in good condition.

What do they rent for? (look it up on RM if you don't know)

what have you been asking?

The right price/yield and there should be a cash investor even in this market for a good rental.

kangoora

davidmcn wrote: »

We're talking about property auctions - are you? Higher value means lower percentages for the auctioneers. Buyer's premium is more like 1%.

Sorry yes, property auctions much lower than my quoted buyers premiums, those were for antique etc auctions.