Need to sell quickly... Advice?

Daze_2

I was recently made redundant and I now need to downsize my property, in order to reduce outgoings. Our house has been up for sale for a few weeks but there's been very little interest. It's a four bed in a very desirable area, but the market for this price bracket/house size appears to be a little quiet (even though we've priced it below the current market price).

Are there any other means of obtaining the cash value of the property? I've heard there are companies(?) that will buy the property from you immeditely - Has anyone heard of this?

Any help/advice is really apprecited.

Robert_Sterling_3

If the price of your house is falling perhaps the price of the house you will buy is also falling.
However if they fall by the same % then yours will go down more than your next house. This is bad news I am afraid. Falling prices benefit people moving upmarket not down. Rising prices favour people moving down market rather than up.

vansboy

Daze - sorry to hear reason for your post.

BUT.... I'd sit tight, don't rush to sell, unless you're in a REALLY desperate situation, your're not going to save a fortune.Think of all the fees to buy/sell, before you start to re-coup anything.

Better off checking on any out of work insurance, you may have - & check for ALL your entitlements, with Citizens advice & Dept Work & Pensions.

Have you some savings to exist on, first, then cash in insurance policies, then car downsizing/down valueing??

Lots of things before your house needs to go!!

VB

deemy2004

If you can't wait for buyers and want to sell, then auction is the best place.

Daze_2

Thanks for the feedback guys. We're selling because we have around £100k in equity, and it's part of a longer term strategy to streamline our finances.

I guess it's just the wrong time to sell unfortunately.

I took a contracting job recently (I'm in I.T.), thinking that it was the right thing to do. The trouble is, my redundancy cover is no longer applicable (even though I've been payinig it for years) and were starting to worry about meeting our outgoings.

Slinky

Is it worth asking your agent to arrange an 'open day' at your house to try and get some people through the door?

BobbyG_2

Also tell *everyone* you know that you are selling. Colleagues, clients, anyone, and encourage them to tell their contacts. Savvy buyers will be doing the same thing. You just need to find the links between their circles of contacts and yours. I know two cases personally where properties have gone (at full price) to a "friend of a friend" after nothing came directly from the Estate Agent. Think with your Sales hat on all the time. At the risk of the Wrath of the Mods, a few thousand people read this BBS, so if you'd subtly added the location and asking price to your post... ;-)

Good luck!

Bob.

Han_naH

You are right, Daze, about companies that buy. Wimpey, Barratt, many of these house builders will buy your property if you move in!

So - find a brand new estate, choose a compact little "starter home", and talk to the house builder about yours.

Don't know how much they will pay you, but I assume they value it, and buy if you buy their smaller home - dispoal complete. Anyone tried this?

Or, email all the estate agents in your area, and offer double their fee if they put forward a buyer that completes.

Double their fee is still less than chopping £££s off your house price.

Market your asset aggressively!

CliveB_3

Daze,

Sorry to hear about that.

By means of a solution, most agents do not market your property that comprehensively - particularly on the internet - which is often the primary source f many of their sales.

I'm offering free property marketing on my website https://www.search4homes.co.uk - details of this are in a separate thread on this board.

I would love to help you if I can, and you can use us alongside your estate agent. Drop me an email if you are interested.


Clive
https://www.search4homes.co.uk

greedwatchuk

remortgage/rent the place out/sell it when the markets busier.that way you get the best of both worlds if values go up or down