A guide on how to sell your house privately
Need to find out more about how you would go about selling your house without an estate agent? Here is all the information you need.
Since the recession in 2008, privately selling property has become a more common strategy. Many of us are choosing to sell through this method either by selling to family or friends, or to avoid paying the expenses of high street agents. Anyone can choose to sell their home privately, however there is a lot of leg work that must be completed by the seller.
A private house sale is when you sell a property without an estate agent. This means you are responsible for each step of the way. This includes getting an energy performance certificate, advertising, viewings, handling negotiations and so on. The only part of the selling process where you will need to employ someone to help is when you receive a provisional offer. From there you will need a solicitor to sort the legalities. To summarise, privately selling your home means:
There are around six steps to take to prepare selling without an estate agent.
With more of us deciding to sell privately, what are the real benefits to using this technique? Firstly, the main reason for selling privately is the cost implications. Estate agents can charge anywhere between 0.75-3% (plus VAT) of the agreed sale price of your property. For example, say your home sold for £100,000, if an estate agent charged between 0.75-3% this would could cost you around £750 -3000 (plus the added VAT).
Another reason for selling your property privately is you may want to sell your home to someone you already know. Many use this method when they are selling to a friend or family member. If this is your scenario, it's is an easier way of selling as you can do negotiations with your potential buyer and avoid losing thousands on solicitor’s fees.
However, before you decide to take the plunge and sell through this method, there are questions you can ask yourself to see whether privately selling is right for you.
So, you have decided to sell your property, but you want to sell as quickly as possible. Here are a few of our tips to selling your property quickly:
Selling a property is never an easy task, and there is a lot of uncertainty around how long the process may take. According to Gov.UK, selling your home on average takes two to three months. However, they also state that the process could take longer if you are within a chain of other sellers and buyers. Although, this isn’t always the case. Some houses sell in a matter of days/weeks, others stay on the market for a while.
The length of a sale can be down to many factors such as:
Maybe you have decided that the open market isn’t right for your property. Another selling option is to sell your home to us. The Property Buying Company are a cash buying facility that can buy your home quickly. We provide ourselves on:
When it comes to selling your house privately there is a lot of common questions we get asked, so we've written the answer to these in order to try help you answer any queries, however if you can't find your question then don't hesitate to get in touch!
What is a private sale?
A prviate sale is when you aim to sell your property without using an estate agent, it's a DIY property sale organised and managed by the homeowner.
Can anybody sell there home privately without an estate agent?
Yes, however it can take a lot of work for you to sell privately with having to arrange photos, floorplans, sale signs and getting the property to online portals.
How do you find a buyer without an estate agent?
There are several ways that you can look to sell your house without an estate agent. Spread the word yourself, use local advertising or noticeboards & use any websites you can to list your home such as Gumtree. There may also be alternative methods you want to explore such as cash home buyers like ourselves, house auctions or part exchanging.
What are the other alternative options to a traditional sale?
There are several alternative options to selling through a traditional method such as house auctions, part exchange companies, private sales and selling to cash buyers such as ourselves.
How much can you get from our we buy any house service?
Complete a few details to see if your property qualifies and get a cash offer – remember we buy any property, in any condition, in any location!
5 simple steps to having your property sold!
Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price
Check to see if your property is eligible check now
Receive an offerfrom us within 24 hours
We’ll visit your property & formalise our offer
We’ll instruct solicitors and pay all fees
Exchange contracts & complete as usual
Why choose us as your cash house buyers?
We’re one of the leading we buy any house UK companies for residential/commercial property and land in England and Wales. We buy using our own cash house buying facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
|Your options||Average sale length||Typical cost to you|
|The Property Buying Company||2-3 weeks||£0.00|
|Other House Buying Companies||2-10 weeks||£1000|
|Property Auction||6-10 weeks||£2500-£5000|
|Online Estate Agents||16-52 weeks||£1000(upfront)-£5000|
|Estate Agents||16-52 weeks||£5000|
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers
Properties bought by us for cash in
the last 2 years
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
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