Sell My House Fast
News
About
How It Works

How to sell your house fast in 2024

Guide to selling your house fast

Sell your house fast header image

Need to sell your house fast in 2024? You’re not alone. Whether it’s a sudden relocation, a financial squeeze or just the desire for a quick, hassle-free sale, many homeowners find themselves needing to speed up the process. The good news is, you have options. 

Use this guide as your roadmap to a fast house sale. We’ll cut through the jargon and confusion, exploring the most efficient methods available in today’s market. From cash buyers and auctions to online estate agents and part-exchange schemes, we’ll break down the pros, cons and potential pitfalls of each approach.

No matter your reason for selling, or your current understanding of the housing market, this guide will arm you with the knowledge you need to make the best decision for your situation. Get ready to discover the fastest routes to a successful sale in 2024. 

Use our quick ‘how to sell your house fast’ navigation:

What is the quickest way to sell a house?

Current UK housing market analysis

Your sell house fast options
Why isn’t your house selling fast?

What could be impacting the sale of your house?

What is the fastest way to sell your home?

Frequently asked quick house sale questions

we are the fastest way to sell your house

What is the quickest way to sell a house?

Selling your home directly to a cash house buying company (like us) is the fastest way to sell your house. It can take as little as 7 days from initial inquiry to completion, with some companies offering a guaranteed sale within 24 hours. 

  • Cash house buying companies: 1-2 days for a cash offer, 7-28 days to complete the sale.

  • Sell house quickly at auction: 1-8 weeks.

  • Online quick sale estate agents: 4-12 weeks.

  • Part exchanging your house via a new build developer: 1 month+

Cash house buying companies are able to move quickly because they don’t need to wait for mortgage approval or find a buyer. They usually handle all the paperwork and legal aspects efficiently, which also means no need for repairs or renovations, which can delay traditional sales.

Current UK housing market analysis

The UK housing market in 2024 has been a mixed bag, with some regional variations. As a whole, there has been a slight decline of 0.2% in house prices between February 2023 and February 2024. However, there was a 0.7% increase in prices between January and February 2024.

Regional variations exist, with Scotland, the North East and Northern Ireland seeing the most significant price increases. Conversely, London, the West Midlands, and the South East experienced the sharpest declines.

Mortgage approvals for house purchases increased by 20% in March 2024 compared to the previous year, indicating a growing demand for housing.

Despite the positive signs in mortgage approvals, housing starts and completions in England decreased in the fourth quarter of 2023 compared to the same period in 2022. This decline is likely due to new building regulatory standards introduced in mid-2023. 

Despite this, there’s still a strong demand for housing and if you need to sell your house quickly, several effective options are still available:

Quick house sale companies

These companies (like ours) specialise in rapid house sales, often completing sales within 7 to 28 days. While they usually offer around 80% to 85% of the market value, they guarantee a sale, eliminating the risk of a deal falling through, which happens in about 1 in 3 traditional sales. 

Property auctions

Auctions are another fast-paced option, with binding sales often achieved within 1 to 8 weeks. While they generally have a high success rate (around 78%), the final sale price can be unpredictable until auction day. You can expect to receive around 85% to 90% of your true market value.

Online estate agents

Online estate agents offer similar timelines to property auctions in that they can sell your house in as little as 28 days. But, you will then be faced with the conveyancing process, so the actual length of the sale will be around 3 months. You can expect to be much closer to true market value & some online estate agents will cover your fees. 

Traditional estate agents

While not the fastest option, using a traditional estate agent can still be a good choice if you’re not in a rush and want to maximise your sale price. However, be prepared for a longer process (often 2-3 months) and the possibility of the sale falling through. 

Comment from our CEO & Co-Founder, Karl McArdle

“The UK housing market in 2024 has been a tale of two stories. While we’ve seen a slight dip in prices nationally, regional hotspots like Scotland and the North East are defying this trend with significant gains. This mixed picture reflects both the unique dynamics of each region and the overarching impact of rising interest rates.”

“We predict these challenges will persist throughout 2024. The high-interest rate environment is putting a real strain on buyers, hindering their ability to secure mortgages and forcing them to put their plans on hold. This could create a ripple effect on the market, making it harder for some sellers to find qualified buyers.”

“However, it’s important to remember that there are still viable paths to selling your property, even in this challenging climate. At The Property Buying Company, we offer a fast and guaranteed solution for homeowners who need to sell fast.”

“And, for those who want to explore all their options, our marketing team have created this in-depth guide to look at alternative selling strategies that can help you navigate the complexities of the 2024 market.”

Tired of selling on the open market?

We can help you get a fast sale!

Selling to a cash house buying company

Selling your home to a cash buying company means bypassing the traditional estate agent market. These companies have the funds readily available to purchase your home outright, eliminating the need for mortgage approvals and lengthy waiting periods – which can be ideal for homeowners who need a fast and guaranteed sale. 

Cash house buying companies are businesses that specialise in directly purchasing properties from sellers. They streamline the selling process, offering a hassle-free alternative to traditional methods like using estate agents or auctions. These companies  are sought after by individuals facing financial difficulties, time constraints or those simply seeking a swift and straightforward transaction. 

How long do cash buyers take to buy your property?

Genuine cash buyers offer the fastest way to sell your house, often completing the purchase within weeks. They can typically make a formal offer within 1 to 2 days and complete the sale in 2 to 3 weeks. However, it’s important to note that they usually offer below market value due to the speed and convenience they provide.

While cash sales are generally faster than traditional sales, several factors can influence that 2 to 3 week timeline:

  • Legal process: Conveyancing and legal checks can take time, even with a cash buyer.

  • Property surveys: Depending on the buyer and the property’s condition, surveys may be required.

  • Seller’s circumstances: If the seller needs to find alternative accommodation or has complications with their chain, it could cause delays.

For the absolute quickest sale, specialised cash buying companies can purchase in as little as 7 days. These companies have readily available cash funds and a streamlined process to speed up the process. They may also cover all the fees, including costs, making the process even smoother for the seller. 

How do cash house buying companies work?

While traditional house sales can take an average of 6 months, cash house buyers can often complete a purchase within 2 to 3 weeks. How do they achieve such speed? Well, it’s mainly due to:

  • Direct purchases

    Cash buyers eliminate the need for estate agents, viewings, negotiations, and chain complications, significantly reducing the timeline.

  • Readily available financing

    With either cash reserves or pre-approved commercial loans, cash buyers bypass the mortgage approval process that often delays traditional sales.

  • Experienced team

    Cash buying companies have specialised teams experienced in navigating complicated legal issues and proactively manage the sale process, minimising delays caused by unexpected hurdles.

  • Fast offers

    Thorough valuations are conducted quickly, allowing cash buyers to present formal, guaranteed offers within 24 to 48 hours, eliminating the waiting period associated with traditional valuations.

  • Efficient legal offers

    Cash buyers establish relationships with solicitors who prioritise fast completions, utilising digital communication and streamlined processes to expedite legal procedures.

  • Service-oriented approach

    Recognising the high value of their transactions, cash buyers invest in providing exceptional customer service, ensuring clear communication and quick resolution of any issues that arise.

House buying companies also offer sellers alternative methods to the traditional estate agent route, each with varying speeds and financial outcomes. 

Direct purchases are the fastest way to sell your house and are similar to selling via online car buying platforms, cash house buyers provide a fast offer, usually 75% to 80% of the market value and complete the purchase within 2 to 4 weeks. 

Assisted sales on the other hand, are where the cash buyer acts as a facilitator, connecting you with pre-qualified investors like landlords or developers. The process is slightly longer (8 to 12 weeks) but can result in a higher offer. This method is often suitable for properties with tenants. 

And finally, auction sales are where the company buys your house at a pre-agreed price, taking on the risk, and then sells it through a traditional or modern online auction, which could potentially yield a higher sale price but also introduces uncertainty and a longer timeframe. 

The pros and cons of cash buyers

Let’s be honest, selling your house through an estate agent can be a nightmare, it’s often plagued by:

  • Delays: The average sale takes around 6 months, and for many, it’s even longer.

  • Stress: Dealing with agents, solicitors, buyers and surveyors can be overwhelming.

  • Uncertainty: Sales can fall through, even when everything seems to be going smoothly. 

Cash house buyers offer a refreshing alternative, eliminating many of these pain points. Here are the pros and cons of using a cash buyer:

Pros and cons of using cash house buyer infographics, with NAPB and TPO logos
ProsCons
Speed - Complete your sale in as little as 2 to 3 weeks, with flexible completion dates tailored to your needs.Below market value offers - Cash house buying companies offer 15-20% below market value to compensate for the speed and convenience.
Certainty - Enjoy a guaranteed sale once you accept their offer, avoiding the risk of fall-throughs that often plague traditional sales.Lack of regulation & consumer protection - The cash buying industry is largely unregulated, with only a couple of voluntary redress schemes - make sure the cash buyer you are selling your house with is a member of The Property Ombudsman and the National Association of Property Buyers.
We buy any house approach - Sell your house as-is, regardless of its condition, clutter or necessary repairs. Scams & unethical companies - Some cash buyers engage in deceptive practices, like hidden fees and sudden price drops.
No viewings - Skip the hassle of tidying and showing your room to potential buyers.
No estate agents - Avoid the frustrations of dealing with estate agents and their varying levels of service.
Chain-free buyer - Eliminate chain related delays and uncertainties ensuring a smoother transaction.
No fees - Cash house buyers offer a no fee service, and most of the genuine cash buyers will cover the solicitor fees.

Choosing a reputable cash house buyer

As a cash buyer ourselves, we would love to say that all of our competitors are 100% genuine, but this is unfortunately not the case. Across the industry, there are all forms of unscrupulous companies, from lead generation websites to companies that will lead you on to only drop their offer at the last minute. 

To choose a reputable cash house buyer and avoid scams, follow these essential tips:

Research thoroughly

Look for reviews on independent platforms like Trustpilot and Google, not just the company’s website. Pay attention to negative reviews and how the company responds to them.

Ensure the company is registered with Companies House and has a valid UK address. Check if they are members of professional organisations like The Property Ombudsman or the National Association of Property Buyers

And, research the company’s financial standing to ensure they have the funds to complete the purchase.

Get multiple offers

Obtained offers from several reputable cash buying companies, some that we would suggest are The Property Buying Company (us), Goodmove and We Buy Any Home. Be wary of any offer that significantly exceeds the others, as it could be a tactic to lure you in. 

Request a detailed breakdown of each offer, including the final selling price, any fees and the reasons behind the valuation.

Scrutinise the contract

Never sign any documents without thoroughly reading and understanding them. If unsure, seek legal advice. Be cautious of “option agreements” that lock you into selling only to that company for a set period of time.

Pay close attention to the terms and conditions regarding price changes, completion dates and any potential penalties.

Ask questions

Inquire about the estimated timeline for the entire process, from offer to completion. Ask if the company guarantees their initial offer if it’s subject to change after a survey. 

Request proof that the company has the funds readily available to purchase your property.

Trust your instincts

Beware of high-pressure sales tactics or companies that rush you into a decision. If a company is evasive or unwilling to answer your questions, consider it a red flag. 

If something feels off or too good to be true, it probably is. Trust your instincts and walk away.

Who is a cash sale journey suitable for?

While anyone can sell their house to a cash buyer, it’s particularly advantageous for those who want a fast, secure and convenient sale over maximising their profit. These could be people in:

Urgent situations

  • Financial difficulties: Needing to avoid repossession or settle debts quickly.

  • Relocation: Moving for work or family reasons with a tight timeline.

  • Inheritance: Needing to sell an inherited property swiftly.

Challenging circumstances

  • Divorce or separation: Selling a property quickly to divide assets or resolve financial issues. 

  • Problem tenants: Selling a property with ongoing tenant issues.

  • Probate or estate sales: Streamlining the sale of a deceased person’s property.

  • Properties in disrepair: Selling a property in poor condition without the need for costly renovations. 

Strategic situations

  • Chain break: Preventing a property chain from collapsing by selling quickly to a cash buyer. 

  • Downsizing or upsizing: Facilitating a quick move to a more suitable property. 

  • Property investors: Quickly liquidating assets for other investment opportunities. 

While cash buyers offer a fast and convenient solution, it’s important to remember that they usually offer 15% to 20% below market value. If maximising profit is your top priority, you might consider alternative methods like using an estate agent or auctioning the property.

sell your house to a leading UK cash buyer (us)

Selling your property quickly at auction (the methods)

Think property auctions are only for seasoned investors and developers? Think again - auctions can be a fantastic option for all sorts of buyers and sellers, offering a quick and secure way to sell your home. 

But, before diving in, it’s important to understand the ins and outs of the auction process, weighing the pros and cons to determine the right path for you. 

Here’s a breakdown of what you need to know about property auctions:

  • Auctions can be a fast and secure way to sell your property, guaranteeing a committed buyer once the hammer falls.

  • There are two main types of property auctions: the traditional method known for its speed, and the modern method, offering more flexibility. 

  • You can set a reserve price to ensure you receive a minimum amount for your property. However, there’s no guarantee your property will sell at auction. 

Property auctions provide a unique alternative to traditional estate agent transactions, offering speed, transparency and access to diverse buyers. In this section we will explore both traditional and modern methods, their pros and cons, and who they are best suited for. 

Modern vs Traditional property auction methods

Property auctions are a unique way to buy and sell your home fast, with two distinct methods available: traditional and modern. 

Traditional auctions are held on a specific date and time, with multiple properties sold sequentially. The process begins with a guide price, and then bids increase until the highest bidder surpasses the reserve price. All bids are legally binding, and the highest bidder immediately exchanges contracts and pays a 10% deposit. 

Buyers are usually professionals and cash buyers seeking quick transactions, they must complete the purchase within 28 days.

Modern auctions, or Modern Method of Auctions (MMoA), are conducted online over a set period and often resemble eBay auctions. They are similar to traditional auctions, but with a non-refundable 5% reservation fee paid by the winning bidder. 

Buyers have 28 days to exchange contracts and complete the purchase within 56 days of the auction. The MMOA often appeals to a wider range of buyers, including those requiring mortgage financing.

FeatureTraditional AuctionModern Auction (MMoA)
FormatIn person, single dayOnline, extended period
Winning bidLegally bindingRequires reservation fee
Contract exchangeImmediateWithin 28 days
CompletionWithin 28 daysWithin 56 days
ParticipantsProfessionals, cash buyersWider range, including mortgage buyers
OrganisersAuctioneersOften estate agents

Both traditional and modern auctions have advantages. Traditional auctions provide speed and certainty, while modern auctions attract a wider pool of buyers and potentially higher prices. The best choice for you will depend on your priorities as a buyer or seller. 

If you’re a seller seeking a fast and guaranteed sale, a traditional auction might be ideal. If you prefer a wider audience and are comfortable with a slightly longer process, a modern auction could be a better fit. 

How long do property auctions take to sell your property?

Selling a property at auction offers a fast and efficient alternative to selling with an estate agent. The entire process, from listing to completion, usually takes 6 to 10 weeks, which is divided into two main phases:

Preparation phase (2 to 4 weeks):

Valuation and reserve setting: A professional valuation is conducted to determine a realistic reserve price, usually 75% to 80% of the market value. The auction house markets your property through various channels to generate interest and attract potential buyers.

Auction day & completion phase (4 to 6 weeks):

The property is presented at the auction, and the highest bid meeting or exceeding the reserve price winds. This process is usually quick, often concluding within minutes. 

After the auction, the buyer pays a 10% deposit immediately, with the remaining balance due within 28 days. Legal formalities and ownership transfer are finalised during this period. 

The pros and cons of property auctions

Auctioning is increasingly popular among UK homeowners, offering a faster, more transparent and chain-free sale with a set minimum price! However, it’s not for everyone. Let’s explore the pros and cons of house auctions to help you decide if it’s right for you:

ProsCons
Speed & reliability: Auctions are significantly faster than traditional sales, usually taking 6 to 8 weeks from listing to completion. Fast pace: The quick turnaround might not suit everyone, especially if you haven’t secured your next property.
Competitive bidding: The competitive atmosphere often drives up prices, especially in live auctions where eager buyers compete.Limited buyer pool: Auctions exclude buyers who are chain-dependent or prefer a slower, more cautious approach.
Transparency: Auctions are open and fair, with no hidden agenda or favouritism. Risk of not selling: If the reserve price isn’t met, the property might not sell at auction.
Diverse buyer pool: Auctions attract a wide range of buyers, including investors and house flippers who might be interested in properties that are harder to sell traditionally.Uncertainty of final price: While competitive bidding can drive up prices, there’s a chance of selling below your expectations if the reserve is too low.
Seller control: Unlike private treaty sales, where the buyer has leverage, auctions put sellers in control. Preparation & costs: Auctioning requires preparation, including legal paperwork and potentially advertising costs.

Choosing a reputable auction company

While many reputable auction houses operate ethically, selecting a trustworthy partner for your home sale is crucial. At The Property Buying Company, we’ve recently launched our own auction service to provide you with a secure and transparent option.

To make an informed decision and avoid potential pitfalls, consider these guidelines when choosing an auction house:

Thorough research:

Explore independent platforms like Google and Trustpilot for unbiased feedback. Pay attention to both positive and negative reviews, and assess how the auction house responds to criticism.

Ensure that the auction house (or parent company) is registered with relevant professional bodies like The Property Ombudsman, the National Association of Property Buyers, Royal Institution of Chartered Surveyors (RICS) or the National Association of Valuers and Auctioneers. 

You will also want to research the auction houses financial standing, which can be found on Companies house, to confirm they have the resources to handle your property sale effectively.

Compare multiple options

Seek appraisals from several reputable auction houses to get a realistic estimate of your property’s value. We would recommend getting valuations from The Property Auction Company, Auction House and iamsold. 

Request detailed breakdowns of each auction house’s fees, including commission rates, marketing costs and any additional charges. Compare their services, such as marketing reach and expertise in your property type.

Scrutinise the contract

Carefully review all terms and conditions before signing any agreement. Seek legal counsel if you have any doubts or concerns. Be clear about the auction house’s commission structure, including any potential deductions or additional costs. 

Ensure the contract includes a fair termination clause that allows you to withdraw your property if necessary.

Ask questions:

Inquire about the estimated timeline for the auction process, from listing to completion. Ask about the auction house’s marketing plan for your property, including online platforms, print media, and targeted outreach.

Find out how long the auction house has been in business and their track record with similar properties.

Trust your instincts

Avoid companies that use high-pressure sales tactics or rush you into a decision. A reputable auction house will be open and transparent about their processes, fees and expectations. 

If something feels off or too good to be true, trust your instincts and explore other options.

Who is a property auction sale suitable for?

When deciding whether to sell your property at auction, it’s important to choose the right type of auction and strategy. Different properties require different approaches to achieve the best results. Here are the main three categories of properties that are often sold at auction, along with the advantages auctions offer for each:

Problem properties

A problem property is a house that struggles to sell due to issues with the building itself or legal complications. Common examples include:

  • Subsidence or other structural issues.

  • Non-standard construction.

  • Short leases.

  • Japanese Knotweed.

  • Legal complications (Divorce, Title issues).

  • Enforcement notices.

  • Problem tenants. 

Other examples include properties with fire or flood damage, roof problems, neighbouring property issues, compulsory purchase orders, heavy development nearby, or those in need of complete renovation.

Selling problem properties through traditional estate agents can be challenging. Estate agents may lack experience with such issues, potentially deterring buyers. Moreover, typical buyers may be less equipped to deal with these complications. 

Whereas, auctioneers specialise in problem properties and know how to attract the right buyers, leading to higher competition and potentially better prices. Auction buyers are often more experienced and understand how to handle property issues. Many are cash buyers, making unmortgageable properties less of an obstacle. 

Auction sales are legally binding upon completion, resulting in a significantly lower fall-though rate compared to traditional sales. 

“Normal” residential homes

Even standard residential properties can benefit from auctions, especially if you need a quick and reliable sale. Auctions can provide:

  • Speed: Auctions only take 6 to 8 weeks from listing to completion, which is atleast a third of the time of an estate agent. 

  • Transparency: The process is transparent, with no hidden agendas or last-minute price reductions. 

  • Competitive bidding: Auctions can drive up prices due to the competitive nature of bidding. 

Commercial premises, land and development opportunities

Commercial properties and land are well-suited for auctions due to their unique nature and the specialised knowledge required. Auctions provide access to a wider pool of potential buyers, including investors and developers, who are specifically interested in these types of properties.

We can also help you sell fast via auction...

Selling with an online “quick sale” estate agents

Selling your home through a traditional estate agent can be a lengthy and uncertain process, often dragging on for months with the constant worry that the sale might collapse before contracts are exchanged. 

Online quick house sale agents (often known as Hybrid estate agents) offer a refreshing alternative, promising a faster and more efficient way to sell your property. Some of the best quick house sale agents include Springbok, The Property Selling Company, Bettermove and Yopa. 

These companies provide many of the same services as traditional estate agents, such as finding buyers, marketing your property and listing it on popular property portals like Rightmove and Zoopla. However, their streamlined approach cuts through the red tape and eliminates unnecessary delays, enabling a much faster sale. 

How long do online quick sale estate agents take to sell your home?

Online quick sale estate agents often advertise a fast sale, typically within 4 to 8 weeks. However, the actual time frame can vary significantly depending on your property’s condition, location and the current market demand.

Some companies offer  guaranteed sales within a specific time frame, while others don’t list their time frames at all. It’s crucial to carefully review the terms and conditions, as these guarantees may come with certain stipulations or compromises.

Here’s a look at the stated selling times for some popular online quick sale estate agents:

  • Springbok: 8 weeks or more

  • The Property Selling Company: 28 days or more

  • Bettermove: 15 weeks or more

  • Yopa: 6 months

The pros and cons of quick sale estate agents

Online estate agents are growing in popularity, representing a significant portion of property sales in recent years. Their lower operating costs often translate to potential savings for sellers, making them an attractive alternative to traditional high-street agents.

While online agents usually offer similar services to traditional agents, it’s important for sellers to do their research. Let’s delve into the pros and cons of using quick sale estate agents:

ProsCons
Lower overall fees: Online agents often charge a fixed fee, regardless of your property’s value. Upfront fees: Some online estate agents require full payment upfront, even if your property doesn’t sell.
Control over the selling process: Online platforms often provide sellers with more control over the selling process. Lack of local knowledge: While some online agents offer support from local property experts, others may lack in-depth knowledge of your specific area.
Potential for greater exposure: Some online agents allow you to list your property with multiple agents without incurring additional fees.Lower percentage of sales: Despite their growing popularity, online estate agents still represent a smaller percentage of overall property sales compared to traditional agents.

While online estate agents can offer significant cost savings and greater control over the selling process, it’s important to weigh these benefits against potential drawbacks like upfront fees and potential lack of local expertise.

Thoroughly research different online agents, compare their services and fees, and ensure they are registered with a reputable governing body like The Property Ombudsman before making your decision. 

How much do quick sale estate agents cost the seller?

Online quick  sale estate agents typically offer two cost structures:

  1. Fixed fee: You pay a set amount for the service, regardless of your property’s final sale price. This can be more predictable and transparent than traditional commission-based fees.

  2. No fee: The agent covers your selling fees, but this often means they make a profit on the sale of your property. So while technically not costing you anything, you may lose out on some profit.

Here’s a breakdown of the costs associated with some popular online quick sale estate agents:

  • Springbok: Fees vary between 1% and 2% +VAT depending on the house.

  • The Property Selling Company: They cover your fees (they will attempt to sell it for more and take the profit, at their own cost). 

  • Bettermove: They cover your fees (they will sell it for more and take the profit).

  • Yopa: £999 (fixed fee).

Don't want to wait months to sell your house?

We can help you get a fast sale!

Choosing a reputable quick sale estate agent

While many reputable online quick sale estate agents like The Property Selling Company offer excellent service, selecting the right company for your home is crucial. To help you make an informed decision and avoid potential pitfalls, consider these guidelines:

Thorough research: 

Explore independent platforms like Trustpilot, Google and Feefo for unbiased feedback. Pay attention to both positive and negative reviews, focusing on how the estate agent responds to criticism. 

Make sure the online estate agent is registered with a relevant professional body like The Property Ombudsman or the National Association of Estate Agents. And, research the company’s financial standing on the Companies House to confirm they have the resources to effectively handle your sale.

Compare multiple house valuations

Get multiple house valuations, seek appraisals from several reputable online quick house sale estate agents to determine a realistic estimate of your property’s value. Consider platforms like Sold, The Property Selling Company and Griffin Property Co for comparison. 

Request detailed breakdowns of each agent’s fees, including commission rates, marketing costs and any additional charges. Evaluate their services, such as marketing reach, expertise in your property type, and the level of support provided. 

Look at the contract

Carefully review the terms and conditions before signing any agreement. Online estate agents can be significantly cheaper than traditional high-street agents, often charging a fixed fee upfront rather than a commission based fee upon sale. However, fees and packages vary widely, ranging from less than £100 to free services like The Property Selling Company. 

Use an estate agent fee calculator to compare commission based fees with fixed fees. Consider additional costs like marketing, professional photography and accompanied viewings, as these may be charged separately. 

Before signing any contract, carefully review the terms and conditions. Pay attention to:

  • Additional costs: Will you be charged extra for marketing or other services?

  • Sole selling rights: Does the agent insist on sole selling rights, even if you find a buyer yourself? If so, ensure it’s for a limited period.

  • Time limit: Does the agreement have a time limit, allowing you to switch agents if you’re unhappy? Ensure the contract includes a fair termination clause that allows you to withdraw your property if necessary. 

Seek legal advice if you have any concerns or doubts. Be clear about the agent’s commission structure, including any potential deductions or additional costs later down the road.

How are they going to market your property?

Inquire about the agent’s marketing plan for your property:

  • Property portals: Will your property be listed on major portals like Zoopla, Rightmove and OnTheMarket?

  • Premium listings: Will they use premium listings or features like virtual tours? Are there extra charges for these?

Ask questions

Inquire about the estimated timeline for the selling process, from listing to completion. Ask about the estate agent’s marketing strategy for your property, including online platforms, professional photography and targeted outreach. 

Find out how long the agent has been in business and their success rate with similar properties in your area. 

Who is an online quick sale estate agent suitable for?

Online quick sale estate agents are ideal for sellers who prioritise a fast sale but can afford to wait slightly longer than the rapid turnaround offered by cash house buyers or property auctions. While you may not achieve the absolute highest price, online quick sale agents typically secure between 5% and 15% more than those other methods. 

To successfully navigate the process, sellers should be familiar with selling things online, as online estate agents primarily operate through digital platforms. This requires comfort with online tools and virtual communication. 

These online quick sale estate agents often appeal to budget-conscious sellers due to their lower fees compared to traditional agents. If you’re open to managing some aspects of the sale, such as conducting viewings or responding to inquiries, online estate agents offer a suitable level of involvement. 

Properties that are generally easy to sell, like those in desirable locations or excellent condition, tend to fare well with online quick sale estate agents. However, complex sales involving unique properties, legal complications, or specialised knowledge may be better suited for a traditional agent’s expertise.

If you prefer a more personalised, hands-on approach with face-to-face interactions, a traditional agent might be a more suitable choice. Additionally, sellers of high-value properties might prioritise the experience and negotiation skills of a traditional estate agent over the speed offered by online platforms.

Estate agent? Don't bother with the open market - sell to us

Online “no fee” estate agents

Online no-fee estate agents can be misleading. While they may advertise free listings on major property portals like Rightmove, Zoopla or OnTheMarket, the essential services often required for a successful sale often come with additional costs. These services can include professional photography, creating engaging marketing materials, conducting viewings, and negotiating offers.

While it’s technically possible to sell your home yourself and avoid these fees, this approach places the entire burden of the sale on your shoulders. You’ll need to handle inquiries, schedule and conduct viewings, negotiate with potential buyers and manage the legal paperwork. All of which can be a time consuming and stressful process, especially if you’re unfamiliar with the housing market. 

Therefore, it’s important to carefully consider the services included in any “no-fee” package and weigh them against the potential benefits of using a full-service estate agent. While a full-service estate will charge a commission, and a Quick house sale estate agent will require a percentage of your sale, they can alleviate the stress and complexity of selling your home, ultimately leading to a smoother and potentially more profitable transaction. 

How long do no fee estate agents take to sell your home?

The timeline for selling your home with an online no fee estate agent can be similar to that of a traditional agent, though potentially slightly faster due to the streamlined nature of online estate agents. 

On average, you can expect the process to take between 12 and 27 weeks, with variations depending on market conditions, specifics of your property, and the amount of money you spend on necessary features. Here’s a breakdown of the typical timeline:

  • 0-2 Weeks: Selecting an online no fee estate agent and preparing your home for viewings (cleaning, decluttering & removing personal items). 

  • 1-14 Weeks: Marketing your property and conducting viewings. This phase can vary significantly depending on buyer interest and the time of year.

  • 9 Weeks (on average): The time from accepting an offer to exchange contracts; This involves legal checks, surveys and mortgage approvals. 

  • 2 Weeks: The final stage, from exchange to completion, involves transferring ownership and finalising payments. 

While online no fee estate agents can offer a faster, more streamlined process, it’s important to consider the trade-offs. They may provide less personalised service and support compared to traditional estate agents, so carefully weigh the pros and cons before making your decision. 

The pros and cons of no fee estate agents

No-fee estate agents and no sale, no fee estate agents are different types that should not be conflated. No sale, no fee estate agents operate on a commission basis, where they only charge a fee if they successfully sell your property.

On the other hand, no-fee estate agents usually offer a basic listing service for free, but charge additional fees for essential services like professional photography or accompanied viewings. To understand the advantages and disadvantages of this no-fee model, consider the following:

ProsCons
Potential Cost Savings: Online agents often have lower fees than traditional agents, with some offering free basic packages or charging fixed fees instead of a percentage of the sale price. This can be particularly advantageous for sellers with high-value properties.Limited Service: Free or low-cost packages often come with limited services. You may have to handle tasks like photography, viewings, and negotiations yourself, which can be time-consuming and stressful.
Convenience and Control: Online platforms offer convenience and flexibility, allowing sellers to manage their listings and communicate with potential buyers online at their own pace.Upfront Fees: While some online agents offer "no sale, no fee" options, many still require upfront payment, even if your property doesn't sell. This can be a significant financial risk.
No Sale, No Fee Options: Some online agents offer "no sale, no fee" options, meaning you only pay if they successfully sell your property. This can provide peace of mind and eliminate the risk of paying for a service that doesn't deliver results.Less Personal Touch: Online agents may offer less personalised support and guidance than traditional agents, who often have local market expertise and can provide valuable advice throughout the selling process.
Market Disruption: Online agents have challenged the traditional real estate model, promoting transparency and potentially driving down fees across the industry.Hidden Costs: It's essential to read the fine print carefully as some online agents may have hidden costs for additional services or upgrades.
Uncertain Track Record: Online agents are a relatively new phenomenon, and their track record for successfully selling properties may not be as established as that of traditional agents.

Choosing a reputable no fee estate agent

If your goal is to sell your house without incurring any costs, then no fee estate agents might not be the solution you’re looking for. Unless you’re prepared to invest significant time and effort into handling the entire process yourself, including conveyancing and marketing, you’ll likely encounter additional fees for essential services.

However, if you’re comfortable with a more hands-on approach and are willing to take on some of the responsibilities yourself, a no-fee estate agent could be a viable option. Here are some tips for choosing a reputable one:

Thorough research

Verify if the estate agent is registered with a relevant professional body like The Property Ombudsman or the National Association of Property Buyers. Research the company’s financial standing on Companies House to ensure they have the resources to handle your sale effectively. 

Make sure that you explore independent review platforms like Trustpilot and Google for some unbiased feedback from past customers. Pay attention to how the estate agents respond to both positive and negative reviews.

Get multiple valuations

Get house valuations from several online no fee estate agents to determine a realistic estimate of your property’s value. 

Request a detailed breakdown of each agent’s fees, including any additional charges for services like photography or viewings. Evaluate the services offered, such as marketing reach, expertise and level of support.

Look at the contract

Clarify any potential extra charges for marketing, photography or other services not included in the initial “no fee” package. Understand the terms regarding sole selling rights, ensuring you retain the flexibility to sell the property independently if desired. 

Ensure your contract includes a fair termination clause allowing you to withdraw your property if needed.

Ask questions

Inquire about the estate agent’s marketing plan, including which online platforms they use, the quality of photography and any targeted outreach efforts. Find out how long the agent has been in business and their success rate with similar properties in your area.

Ask for an estimated timeline for the selling process, from listing to completion. 

Trust your instincts

Avoid companies that use high-pressure sales tactics or rush you into a decision. A reputable auction house will be open and transparent about their processes, fees and expectations. 

If something feels off or too good to be true, trust your instincts and explore other options.

Who are the best no fee estate agents?

Choosing the best no fee estate agent can be a complicated task. Prominent players in this field include Yopa, Strike and Purplebricks (now owned by Strike). While Yopa may be considered a more transparent option, the distinction between Strike and Purplebricks has become blurred since their merger in 2023 as reported by the BBC

Both companies advertise the ability to sell your home for free, but the reality is that you’ll likely still incur costs for essential costs (marketing, hosted viewings etc). 

If your primary goal is to sell your house without any financial outlay, consider exploring quick-sale companies like The Property Selling Company or Sold. These companies typically offer a guaranteed selling price with you, sell it for more and then keep the profit, which eliminates the need for estate agent fees.

Who is a no fee estate agent suitable for?

Contrary to some claims online, no fee estate agents are not ideal for those seeking a hands-off experience or individuals juggling multiple responsibilities while trying to sell on a budget.

The “free” service offered by these agents is often quite basic. To achieve a successful sale, you’ll likely need to pay for additional services, which can quickly accumulate. For example, consider Purplebricks fee structure:

Basic package (free):

  • House valuation and report

  • Listing on select property portals

  • App for managing viewings and offers

  • Professional negotiation support

  • Expert team support

“Optional” extras:

  • Hosted viewings (£899)

  • Rightmove listing (£399)

  • Rightmove featured property (£149)

  • Rightmove premium listing (£125)

  • EPC (£119)

  • Digital enhanced photos, 360 virtual tour, and floorplan (£699)

  • Elevated photography (£99)

  • Drone photography (£199)

As you can see, the costs can escalate rapidly if you require these essential services. Therefore, no fee estate agents may not be the best fit for first time sellers, busy sellers and properties requiring extensive marketing. 

First time sellers are often unfamiliar with the process and need comprehensive guidance and support on a budget, and busy sellers who lack the time or expertise to manage the sale process themselves. 

Furthermore, homes in less desirable locations or with unique features may benefit from the professional marketing and expertise offered by traditional estate agents, or sell to a cash buyer and completely bypass the open market.

No fee estate agents come with fees! We don't..

Selling with a traditional estate agent

While a traditional estate agent might not be the quickest route to selling your home, with the average sale taking 5 to 6 months, it’s important to weigh this against the potential benefits. The longer timeline can often lead to achieving full market value, or even exceeding it in a competitive market, making it a worthwhile house selling route for those not in a rush.

Yes, traditional estate agents typically charge a commission of 2% to 3% +VAT, making them a pricier option. However, this investment can pay off in the form of a higher selling price. If you want to maximise your return and have flexibility in your timeline, this might be a suitable choice.

One of the most valuable assets a traditional estate agent brings is their local expertise. With their physical presence in the community, they possess a very good understanding of the area, allowing them to effectively market your property to potential buyers and highlight its appeal. This local knowledge can be a powerful tool in attracting the right buyer and ultimately securing a successful sale. 

How long do traditional estate agents take to sell your home? 

When selling your house via a traditional estate agent, there are quite a few hurdles you will need to cross, with the average estate agent timeline taking around 5 to 6 months. Here is our estate agent timeline:

Appoint estate agent & prepare house (1 month)

Before your house can go on the market, you will need to prepare the house for sale. This could be anything from decluttering, painting and sorting out any outdoor space. Remember your house needs to look good to impress potential buyers. Once the house is in a good state of repair, then you can appoint an estate agent.

House enters the open market (1 week)

After selecting and appointing your estate agent, they will initiate the marketing process for your property. This includes preparing marketing materials, agreeing on terms with you and listing your property for sale. 

Viewings (1 month)

The approach to viewings can vary between estate agents, with some conducting them personally while others encourage owners to do so. Viewings usually take place within the first 3 to 4 weeks of marketing, either through standard appointments scheduled over time or through block viewings where all potential buyers visit at a fixed time. 

Offers & negotiation (1 week)

Your estate agent will present any offers received, detailing the buyer’s situation, financing and timeline. Swift and efficient negotiation should ideally conclude within 2 to 3 days. But, if buyers lack communication or aren’t completely invested in your home then this can stretch on for several weeks until you find the right buyer.

Sale agreed (2 days)

Once the offer is accepted, viewings cease and your agent gathers information from the buyer, including proof of deposit, ID, mortgage details and chain information. 

Instructing solicitors (1 week)

Thoroughly research and select your solicitor, ensuring they meet your requirements and offer transparent pricing. The most expensive solicitor may not always be the best fit for your needs, but be cautious of unusually low quotes as they could signal potential issues. 

When narrowing down your choices, inquire about fixed fees and whether they operate on  no sale, no fee basis. While these aren’t dealbreakers, clarity on costs upfront can prevent surprises later on. 

As the seller, you’ll have numerous forms to complete. Submit them promptly to your solicitor, as the transaction cannot progress without this step. This part of the process can be accomplished within a few days, so prioritise it to avoid unnecessary delays. 

Memorandum of Sale (1 week)

Once the estate agent has gathered all essential information from both buyer and seller, including solicitor details, they will prepare and issue the Memorandum of Sale. This document serves as a formal confirmation of the agreed-upon terms of the sale and is distributed to all parties involved: the buyer, the seller and their respective solicitors. 

Think of the Memorandum of Sale as the starting pistol for the legal process. It signals to the solicitors to begin their work on the transaction, acting on behalf of their clients. Typically, solicitors will exchange introductory emails to confirm their involvement before formally commencing their duties.

Selling via a traditional estate agent is long and complicated...

Sell your house in as little as 7 days

Mortgage application (1 month)

Don’t delay submitting your mortgage application – ideally, you’’ want to get this done as soon as possible. This is mainly due to it taking around a month for a mortgage offer (the official confirmation from the lender) to be issued after application. And, there could be scheduling delays due to mortgage valuations, which are required by lenders. 

By submitting your application early, you’ll ensure a smoother and faster selling process. The sooner your solicitor has the mortgage offer, the quicker they can finalise the transaction. Additionally, early application allows ample time to address any additional information requests from the lender. 

Draft contacts (2 weeks)

Upon confirmation that both solicitors are representing their respective clients, the seller’s solicitor will prepare and send the “Draft Contract Pack” to the buyer’s solicitor. This package will usually include the following:

  • Contact of sale: The legal document outlining the Terms and Conditions of the property sale.

  • Title Plan and Land Registry Details: Documents detailing the property’s boundaries and ownership history. 

  • Property Information Form (TA6): A form completed by the seller, providing details about the property’s condition, history and any known issues.

  • Fixtures and Fittings Form (TA10): A form detailing which items are included in the sale and which are not.

  • Relevant planning or Leasehold documents: Any additional documentation pertaining to planning permissions or leasehold agreements.

Upon receiving the Draft Contract Pack, the buyer’s solicitor will meticulously review the information, identify potential issues, and prepare inquiries for the seller’s solicitor. 

Searches (1 month)

When purchasing a property, the buyer will need to invest in a search pack which costs around £300. This non-refundable pack provides information specific to the property and is valid for three months. It consists of the following:

  • Local authority search: This search delves into the property’s history, uncovering past planning applications, building control approvals and any restrictions or obligations. It also reveals potential future developments in the local area, such as new roads or housing projects, that could impact the property. 

  • Environmental search: This search assesses the land surrounding the property, identifying potential environmental hazards like flooding, ground subsidence, or contamination. 

  • Water and drainage search: This search confirms whether the property is connected to mains water and sewerage systems, and provides information about the location of public sewers and drains. 

The local authority search takes the longest to complete, with turnaround times varying between councils. While most searches are returned within four weeks. Delays can occur in exceptional circumstances. 

Enquiries & signing documents (1 month)

The buyer’s solicitor raises enquiries based on the draft contract and searches, seeking clarification from the seller’s solicitor. 

Once both solicitors are satisfied with the due diligence conducted on the property, they will provide a comprehensive report to their clients, detailing the findings of their research. This step, often referred to as “Reporting to the Client,” marks an important milestone before the transaction becomes legally binding.

Both buyers and sellers are required to sign several essential documents at this stage:

  • Sale contracts: The legal agreement outlines the terms of the sale.

  • TR1 Form: A form used to transfer the property’s title to the new owner, which is submitted to the Land Registry.

  • Mortgage Deeds: Documents related to the mortgage agreement. 

Some documents may require a witness signature, and certain documents may necessitate a “wet signature”, meaning they must be physically signed and cannot be emailed. Always clarify with your solicitor which documents require specific signing procedures. 

Exchange of contracts (1 week before completion)

The moment you’ve been eagerly anticipating has arrived! The exchange of contracts marks the point where the property sale becomes legally binding. It’s a massive milestone in  the process, as there’s no turning back once contracts are exchanged. 

Before contracts can be exchanged however, you must:

  • All paperwork: Ensure all required documents as outlined in the previous section, have been submitted to and reviewed by all solicitors involved.

  • Deposit payment: The buyer must transfer a 10% deposit to their solicitor before the exchange. This deposit becomes non-refundable once contracts are exchanged, signifying the buyer’s commitment to the purchase. 

  • Chain completion: In a property chain, deposits from buyers lower in the chain are transferred upwards to facilitate each transaction. This process is managed by the solicitors, so you needn’t worry about coordinating it yourself.

During the exchange of contracts, a completion date is confirmed. This date is legally binding, allowing everyone involved to finalise arrangements like booking removals and organising logistics. Usually there’s a one week gap between exchange and completion, giving you time to prepare for your move. 

Completion and moving day

After 3 to 4 months of anticipation, you’ve finally reached completion day - the day you hand over the keys to your home. This marks the final stage of the property transaction, where the remaining funds for the purchase are transferred to the seller’s solicitor and distributed accordingly. 

Completion usually occurs between 10am and 2pm, but the exact time can vary depending on your position in the chain and the lender’s processing speed. Once the seller’s solicitor confirms receipt of the full payment, completion is officially declared. The keys are then released to the buyer and they move into the property. 

As you can probably tell, online quick sale estate agents generally offer a faster selling process compared to traditional estate agents, while also bypassing the multiple stages of conveyancing due to the streamlined nature of the online businesses. 

The pros and cons of traditional estate agents

Traditional or high-street estate agents have a long and established history, with roots dating back centuries. The first recorded estate agency, Chesterstons, was founded in 1805, long before the emergence of modern alternatives. 

Despite the rise of online estate agents in recent decades, traditional agents continue to dominate the market for a variety of reasons. Their enduring popularity suggests a certain level of trust and value that homeowners find in their services. 

But what exactly are the advantages and disadvantages of using a traditional estate agent? In this section we will cover the pros and cons of traditional estate agents:

ProsCons
Experience and expertise: Estate agents have in-depth knowledge of the local market and the selling process, offering valuable advice and guidance throughout the transaction.Cost: High street estate agents charge commission fees, usually at around 2% to 3% of the selling price.
Professional network: Estate agents have access to a vast network of potential buyers, increasing the chances of finding the right buyer quickly.Limited control: You might have less control over the selling process compared to selling privately or with an online estate agent.
Reduced stress and hassle: Estate agents handle viewings, negotiations and paperwork, saving you time and effort.Potential for misaligned interests: Traditional estate agents might prioritise a quick sale over achieving the highest possible price.
Objective perspective: Traditional estate agents can provide an objective viewpoint and help you overcome emotional aspects of selling your home.Contractual obligations: Entering into a contract with an estate agent can limit your flexibility and may incur fees if you switch agents or decide to sell elsewhere.
Problem solving skills: High street estate agents can anticipate and address potential issues during the transaction, minimising risk and ensuring a smoother process.Increased selling timeline: Selling via a high street estate agent means you are selling more than 10 times slower than if you were to sell with a cash house buyer.
Reduced risk of errors: High street estate agents’ experience and knowledge can prevent costly mistakes during the transaction. Limited scope: While traditional estate agents can use property portals like Rightmove and Zoopla, online estate agents are better at marketing a property to the entirety of the UK.

How much do traditional estate agents cost the seller?

Traditional estate agents usually charge commission fees ranging from 0.75% to 3% of the final selling price, although 1% to 1.5% is more common. On a £250,000 house, this could mean a fee of £1,875 to £3,750. 

However, not all estate agents operate on a percentage basis, with some offering fixed fees while others advertising as “free” but have hidden costs. 

Some of the things to consider when looking at traditional estate agent costs are:

  • Agreed selling price: The final selling price can impact your overall commission fee. Higher prices mean higher fees, so it’s essential to consider this when setting your initial asking price and negotiating with potential buyers.

  • Multiple agents: If you choose to list your property with multiple estate agents, expect to pay a higher commission rate for shared listings. Be sure to terminate previous contracts to avoid paying double fees when switching agents.

  • Additional costs: Beyond commission fees, some estate agents charge extra for advertising, marking or administrative services. Clarify upfront which services are included in the fee and which are not to avoid surprises later.

  • Withdrawal fees: If you decide to withdraw your property from the market or change estate agents, some agencies may impose withdrawal fees, including a percentage of the commission. 

  • Referral fees: Be aware of potential conflicts of interest when an estate agent recommends additional services like conveyancing or surveys. They might receive referral fees for these recommendations. Always ask about potential financial incentives and compare prices before committing to any service.

  • Sales progression: Some estate agents charge extra for “sales progression,” the process of managing the sale from offer acceptance to completion. Inquire if this service is included in the standard fee or charged separately.

  • Contract length: Understand the duration of your contract with the estate agent which can range from 4 to 12 weeks. Ensure you have the flexibility to switch agents or sell privately if necessary. 

  • Accompanied viewings: If you prefer not to conduct viewings yourself, some estate agents offer accompanied viewings at an additional cost. Consider whether this service is with the extra expense. 

Don’t hesitate to negotiate the estate agent’s fee. It’s common practice and you might be surprised at how much you can save. Even if the fee seems fixed, try to negotiate a lower percentage or a sliding scale based on the selling price.

Remember, a higher fee doesn’t always guarantee better service. Choose an estate agent you trust and feel confident will represent your best interests throughout the selling process. 

Who is a traditional estate agent suitable for?

High street estate agents, with their physical offices and local presence, cater to a diverse range of customers, especially those who value personalised service and excellent local knowledge. Here’s a breakdown of who benefits most from their service:

Local sellers and buyers:

If you’re deeply connected to a specific area, high street estate agents offer unparalleled insights into local market trends, property values, and community nuances (good/bad neighbourhoods, school catchment areas etc), ensuring your property is marketed effectively to the right audience.

Personal interaction:

If you prefer face-to-face meetings, property viewings and direct communication throughout the process, high street estate agents provide that personal touch, building trust and rapport along the way.

Full-service seekers:

If you desire a comprehensive, hands-off approach to buying or selling, high street estate agents offer end-to-end services, from valuation and marketing to negotiation and completion, alleviating stress and saving you valuable time.

First time buyers and sellers:

If you’re new to the property market, high street estate agents offer invaluable guidance and support, ensuring you navigate the complexities of buying or selling with confidence.

Local marketing needs:

If you want to target local buyers, high street estate agents excel in local advertising and have a physical presence that attracts walk-in clients and inquiries from the community. One of our Founders, Jonathan Christie’s fascination began when he used to visit his local estate agent as a child to look at all the wonderful properties in the area.

Unique or high value properties:

If you’re selling a historical home, luxury property or unique listing, high street estate agents can tailor marketing strategies and use local networks to showcase your property’s distinctive appeal.

Reputation and trust:

If you prioritise a reputable and trusted estate agency with a proven track record, established high street estate agents often have a strong reputation within the community, instilling confidence in their services.

People looking for local insights:

If you’re buying in an unfamiliar area, high street estate agents can provide valuable local insights into schools, amenities, transport links and other factors that influence your decision.

Ultimately, high street estate agents are the ideal choice for people who want a personalised service, local expertise, comprehensive support and a trusted, established presence in the  community. They offer a time-tested approach that continues to resonate with many homeowners and buyers. But, they do not offer speed - so if this is something you need, then you may be better off exploring online estate agents, cash house buyers or even part exchange…

If selling with a high-street estate agent isn't for you, sell with us!

Selling through part exchange house scheme

House part exchange offers a seamless and hassle-free solution for selling your current property. By aligning the sale with the purchase of your new home, it ensures a guaranteed and timely transition. Eliminating the uncertainties and potential delays associated with traditional selling methods. 

There are two primary avenues for house part exchanges; New Build developers and property part exchange companies. New build developers allow you to trade in your existing property as part payment for a selected new build home. However, these schemes often come with strict eligibility criteria and limited property choices.

Property part exchange companies provide a more flexible alternative. They enable you to part exchange your current property for either a new build or an older property, expanding your options and catering to a wider range of needs. 

While the process is generally similar with both options, the specific eligibility requirements and available properties will differ. 

How long does it take to part exchange your home?

House part exchange offers a convenient way to buy a new home by trading in your existing property. While the process can be faster than selling with a traditional estate agent, the time frame varies depending on several factors. 

In general, you can expect to complete a part exchange in a matter of weeks rather than months - the process can take anywhere from 4 weeks to 12 weeks. But, there are some things which may impact this timeline:

  • Developer processes: Each developer has its own procedure and timeline for part exchange. Some may be able to complete the process within a few weeks, while others may take slightly longer.

  • Property valuations: Independent valuations of both your existing property and the new home will need to be conducted. The speed at which this can be arranged can affect the overall timeline.

  • Legal checks: Legal checks and paperwork will still be required, although these can often be expedited in a part exchange. 

The exact move-in date will depend on the developer’s build schedule for your new hoe. However, since part exchange removes the complications of a property chain, you can often move in as soon as your new home is ready. 

How is the house part exchange process simplified?

The relationship between part exchange developers and cash house buying companies is a strategic partnership designed to further facilitate the buying and selling process, often making it even faster and more efficient, especially if the part exchange developer is unsure about the potential homebuyer’s property condition. 

Part exchange developers offer a service that allows homebuyers to trade in their current property as part of the payment for a new build home. This eliminates the need to find a buyer on the open market, avoids the risk of property chains collapsing and generally offers a more streamlined and less stressful experience.

Cash house buying companies purchase properties directly from homeowners for cash, often offering a quicker sale at a potentially lower price than the open market. This allows transactions to be completed very quickly, sometimes within weeks, all while almost guaranteeing offers once accepted. 

The part exchange developer will assess the value of the homebuyer’s existing property, and then partner with the cash house buying company, who evaluates the property and makes a cash offer to the homeowner.

If the offer is accepted, the cash house buying company purchases the property, providing the cash for the new build. This way, the homeowner enjoys a quick, hassle-free sale of their existing property. This collaborative relationship creates a win-win solution for all parties involved, making the transition to a new build home smoother and more accessible for many homeowners. 

The pros and cons of part exchanging your home

House part exchange can be a tempting option for those eager to secure a new build home quickly and without the hassle of a traditional sale. It offers a streamlined process, eliminating the need to find a buyer and navigate the complexities of the housing market.

However, convenience comes at a price. Part house exchange usually means accepting a lower offer for your existing home, as developers factor in their profit margin. Additionally, new build homes often come with a premium, even if they offer less space or fewer bedrooms than your current property. This price discrepancy can significantly impact the overall value you gain from the transaction. 

Before committing to part exchange, carefully consider the following pros and cons:

ProsCons
Convenience and speed: Part house exchange offers a seamless process, eliminating the need to juggle two separate transactions to avoid the potential for chain collapses.Lower price: Part exchange companies typically offer below market value for your home to cover their costs and profit margin. This means you may sacrifice some potential equity.
Certainty: Say goodbye to the uncertainty and stress of waiting for buyers or dealing with failed sales. Part exchange guarantees a buyer for your property, providing peace of mind. Limited choice: You’re usually limited to choosing a new build property from the developer’s portfolio. This restricts your options compared to the open market.
Chain break rescue: If you’re stuck in a chain or have experienced a failed sale, part exchange can be a lifesaver, quickly getting you back on track with your move.New build considerations: New builds can have their own drawbacks, such as snagging issues and potentially smaller rooms and gardens compared to older properties.

You’re in a strong position, negotiate!

It’s important to understand that developers are eager to sell their new homes quickly. They’ve invested time and money into the project and are motivated to recoup their investment. They also typically have a firm grasp on the value of each property. 

However, this doesn’t mean you can’t negotiate. Don’t be afraid to ask for a better deal, whether it’s a lower price on the new build, a higher offer for your part exchange or additional incentives like:

  • Stamp duty contribution: Could the developer cover some or all of your Stamp Duty costs?

  • Legal fees: Would they contribute to your solicitor fees?

  • Upgrades and incentives: Could they offer free flooring, appliances or other upgrades for your new home?

If you’re not making headway in negotiations or feel the offer isn’t fair, don’t hesitate to explore other options. There are plenty of developers and properties on the market, and you might find a better deal elsewhere. Remember, part exchange is just one option - selling your home independently to a cash buyer or online estate agent and then purchasing a new build separately could be a viable alternative. 

How does part exchanging work?

Part house exchange simplifies buying a new build home by trading in your existing property. While processes can vary slightly between developers like Permission Homes, Barratt Homes and Taylor Wimpey, here’s a typical breakdown:

Find your new home:

Explore new build developments in your desired area and identify a property that suits your needs and budget. Consider visiting sites early in the construction phase for potentially more choice and negotiating power.

Initial discussions (2 days):

Approach the developer’s sales team and express your interest in part exchange. Provide details about your existing home so they can assess its suitability and potential value.

Property valuation (2 weeks):

The developer will typically arrange for two independent estate agents to assess the market value of your current home. It’s important to note they’ll likely offer a “selling” price, reflecting a quick sale at a competitive price, rather than the higher “asking” price you might achieve on the open market.

Accepting the offer (1 week):

Carefully review the offer and consider negotiating for a better price or additional incentives. If you’re happy with the terms, you can accept the offer and proceed to the next steps.

Mortgage arrangement (1 ½ months):

If you need a mortgage for your new home, start the application process. The developer may be able to recommend mortgage advisors or brokers.

Legal process (2 months):

Instruct a solicitor or licensed conveyancer to handle the legal aspects of your transaction. The developer will also conduct a survey of your existing home to ensure there are no major issues.

Exchange of contracts (1 month):

Assuming everything checks out, contracts are usually exchanged within four weeks. You’ll typically pay a deposit of around 10% of the new home’s value, which may be offset against the value of your part exchange.

Completion and move in (3 weeks):

Once contracts are exchanged, you can look forward to moving into your new home, usually within a few weeks.

Who is part exchanging a house suitable for?

Part exchange is suitable for people who need speed and prefer convenience. If you need to move quickly or dislike the uncertainty of traditional estate agents, part house exchange offers a streamlined solution. 

Part exchange schemes are usually offered by new build developers, so it’s a natural fit if you’re interested in a brand new home, with better EPC ratings than older properties. 

But, you should also be satisfied with sacrificing some equity. If getting the absolute highest price for your home isn’t your top priority, the convenience of part exchange might outweigh the lower offer. 

Before committing to a part exchange, carefully consider your individual needs and priorities. Compare the offer from the developer with the potential value you could achieve on the open market, or the speed you could get with a cash house buyer.

Need to sell faster than part exchange allows? We got you

Other sale options to consider

The decision to move house is never an easy one. Whether you’re feeling cramped, want to see a new city or facing financial pressures, the path forward can be complex. To help you make the most informed decision, we’ve outlined the key options and considerations for homeowners in the UK.

Multi-agency listings

Multi agency listings or agreements involve engaging several estate agents simultaneously to sell your property. The estate agent who successfully introduces the buyer and gets the sale receives the commission. Essentially, it’s like casting a wide net with multiple agents competing to find the right buyer.

ProsCons
Increased exposure: Your property gains maximum visibility, appearing in multiple shop windows and online listings, potentially reaching a wider audience.Higher fees: Multiple agency agreements comes with higher commission rates, often double that of a sole agency agreement.
Competitive spirit: Estate agents, motivated by the commission, actively seek potential buyers, potentially leading to a faster sale.Potential for low offers: Estate agents, eager to secure their commission, might push for lower offers to avoid losing out to their competitors.
Inconvenience: Managing multiple estate agents, coordinating viewings and distributing keys can be a logistical challenge.
Negative perception: Some buyers might perceive multiple listings as a sign of desperation or an overpriced property.

Multi agency listings are suitable for people who want to achieve full market value for their property, while achieving a relatively quick house sale. The competitive nature of multiple traditional estate agents could lead to a faster sale - but you are working with high street estate agents and so still need to go through the standard conveyancing process. 

Selling privately

In today’s economic climate, many homeowners in the UK are exploring private house sales as a way to avoid hefty estate agent fees, which can range from 1% to 3% of the final selling price. A private sale involves finding your own buyer and managing the sales process yourself, with the help of a conveyancing solicitor.

In order to sell your house privately, you will need to leverage your local community Facebook groups, or property-specific groups to reach potential buyers in your area. Sharing on your personal accounts can also  tap into your existing network.

In addition to this, if social media does not yield results, consider listing your property on platforms like The House Ship, Houseladder or 4 Sale By Owner. Many offer free basic listings, with options to pay for enhanced visibility or additional services. 

While a private house sale eliminated estate agent fees, you will still need to consider:

  • Energy Performance Certificate (EPC): This is mandatory and costs around £50 to £100 from an accredited assessor.

  • Advertising: Optional, but paid promotions on private sale websites or professional photography/floor plans can increase your property’s appeal.

  • Legal fees: A conveyancing solicitor is essential to handle the legal aspects of the sale, usually costing between £500 and £1,500. 

  • Removal costs: Factor in the cost of moving your belongings, whether through a professional service or DIY. 

Private house sales offer cost savings and control over the process but require more effort and time investment. You’ll need to handle viewings, negotiations, and paperwork yourself. Additionally, without an estate agent’s expertise, you might miss out on reaching a wider audience or achieving the highest possible price.

ProsCons
Financial savings: Avoid paying thousands of pounds in commission to estate agents, with potential savings averaging £3,000 on a typical property. Time-consuming: Selling privately requires a significant time investment, from marketing and viewings to negotiations and paperwork.
Greater control: You have full control over the selling process, setting your own pace, negotiating directly with buyers and tailoring your approach to your preferences. Increased stress: Managing the entire process can be overwhelming, especially for first-time sellers. You’ll need to handle inquiries, resolve issues and ensure legal compliance.
Direct communication: Establish direct communication with potential buyers, building rapport and addressing any concerns promptly. Limited exposure: Private house sales often lack the reach of estate agents, resulting in a smaller pool of potential buyers and potentially lower offers.

A private house sale is best suited for those who value financial savings, have the time and confidence to conduct a house sale and have an existing network. 

If avoiding commission is a top priority, a private house sale can be a great cost-effective option. But, you will also need to be comfortable with the possibilities and potential challenges of managing the sale yourself to benefit from greater control. 

If you have personal connections or know someone interested in your property, a private sale can be a seamless approach. However, if you value convenience, maximum exposure and professional guidance than an estate agent, traditional or online may be a more suitable choice. 

Do you really need to move?

Moving home is a major life decision, and rushing into it can lead to regrets. TO ensure a smooth transition and peace of mind, it’s important to carefully evaluate whether moving is the right choice for you. While there’s no one size-fits-all answer, asking yourself some key questions can help clarify your decision:

Why do you want to move?

Determine if your desire stems from necessity (e.g. job change, growing family) or preference (e.g. desire for a larger home, change of scenery). Understanding your motivations will guide your decision-making.

Is moving financially viable?

Crunch the numbers comprehensively. Consider not only the deposit, but also estate agent fees, legal costs, removal expenses, and potential ongoing costs in your new location. Ensure moving aligns with your budget and financial goals.

Will moving affect future finances?

Assess the long-term financial implications of moving. Research the cost of living in your new area, potential property taxes, and any ongoing maintenance expenses your new home might require. Be realistic about the financial impact to avoid surprises later.

How will moving impact your work life?

Consider commuting time, potential salary changes (if applicable), and overall work-life balance. If a new job opportunity is driving your move, evaluate it’s long term benefits and whether it truly warrants the upheaval.

What about family?

Discuss the move with your family and consider their needs and preferences. How will moving affect their routines, social life, and overall well-being? Open communication is key to ensuring a smooth transition for everyone involved.

What about school catchment area?

If you have children or plan to, research school catchment areas in your desired location. Access to quality education can significantly impact your family's life.

Will a move affect your social life?

Evaluate how moving will affect your existing social connections and activities. Consider the ease of maintaining those connections or the potential to build new ones in your new area.

Do you or your family have specific ties to your current area?

Think about hospitals, support networks, family ties, and any other factors that might be disrupted by a move. Consider the accessibility and availability of these resources in your potential new location.

Are you running out of space, or is there too much room?

Look at your current living space. Is it becoming too cramped or too large for your needs? Moving can be a solution to either problem, whether it involves upsizing or downsizing.

Do you need a garden?

If outdoor space is a priority, consider whether your desired location offers suitable properties with gardens. A garden can enhance your lifestyle, especially for families with children or pet owners. 

By thoughtfully considering these questions, you can gain clarity on whether moving home is the right step for you. Remember, there’s no rush. Take your time, weigh your options, and make an informed decision that aligns with your needs and aspirations. 

Could remortgaging work?

The UK housing market is constantly evolving, influenced by factors like fluctuating mortgage rates. In times of rising rates, homeowners often find themselves evaluating two primary options: remortgaging or selling their home. Both strategies offer distinct advantages, and the optimal choice hinds on your own circumstances:

Remortgaging your homeSelling your home
Access to lower rates: Remortgaging can be a strategic move to secure a new mortgage with a more favourable interest rate, potentially reducing monthly payments significantly. It’s important to research and compare different lenders, possibly with the assistance of a mortgage broker.Capitalising on property value appreciation: Rising mortgage rates often coincide with increasing property values. Selling in such a market allows homeowners to profit from their property’s appreciation which can be particularly lucrative in high demand areas.
Flexible repayment options: Remortgaging allows homeowners to tailor their repayment terms. They can choose to extend their mortgage term for lower monthly payments or opt for a shorter term to pay off the mortgage faster and potentially save on interest over time. Eliminating debt: Selling provides the opportunity to clear your mortgage entirely, freeing you from long-term financial obligations. This can offer peace of mind and the freedom to explore new housing or investment options.
Access to equity By remortgaging, homeowners can unlock the equity accumulated in their property. This can provide funds for home improvements, debt consolidation, or other investments. In a rising rate environment, accessing equity before potential market fluctuations can be advantageous. Adapting to changing circumstances: Selling enables homeowners to adjust to new life stages, career changes or financial goals. Whether it’s downsizing, relocating for a job or investing elsewhere, selling offers flexibility and adaptability.

The decision to remortgage or sell depends on your situation, your current mortgage terms, financial goals, future plans and the local housing market conditions. 

If your existing rate is high, remortgaging might be more beneficial than selling. But, you will need to weigh this up against whether you want to reduce your monthly payments, access equity or eliminate debt completely. 

Equity release is another option 

If you’re a homeowner aged 55 or older, you may have equity in your property - the difference between its value and any outstanding mortgage or secured loans. Equity release allows you to access this equity without selling your home, usually as a lump sum, regular payments or a combination.

Equity release can be a helpful tool for managing debt, particularly for homeowners with limited income or facing financial pressure. However it’s important to approach this option cautiously and understand its implications.

Equity release can help with debt by:

  • Easing pressure: It can relieve immediate financial stress by providing funds to address outstanding debts.

  • Avoiding legal action: It may help prevent creditors from taking legal action if you’re struggling to meet payments.

  • Debt reduction/clearance: You can either partially reduce your debts for easier management or clear them entirely, depending on the amount released. 

One of the important things to know about equity release is that you can still sell your house after. But, the sale proceeds must first cover the outstanding equity release debt, including any accrued interest, before any remaining funds return to you. 

Life circumstances can change, and selling your home might become necessary. You might want to move closer to family, downsize for a more manageable property or simply desire a change of scenery. Equity release can provide the financial flexibility to achieve these goals, even if you have an existing loan on your property.

Even compared to all of these, we are the fastest route to sale

What else could be impacting the speed of your sale?

Why isnt your house selling fast infographic, with the common reasons houses dont sell fast in 2024

While factors like pricing and property presentation undoubtedly play a significant role in how quickly your home sells, there are other, less obvious hurdles that can significantly impede the process. 

In this section, we will cover how you can set the right asking price, find the right buyer, get the best selling price and how to deal with non-standard ownership. 

Your asking price

The housing market has shifted over the past couple of years, transitioning from a seller’s market to a buyer’s market (end of 2023), and now to a balanced market (mid 2024). This change has led to a rise in price reductions as sellers adapt to meet the expectations of price-sensitive buyers.

While price reductions are a common strategy to attract buyers, it’s important not to act too hastily. The last quarter of the year usually sees a weaker market as buyer activity slows down. However, the market tends to pick up again after the holiday season.

Even in a buyer’s market, a significant portion of homes are sold without price reductions, which suggests that pricing your home correctly is crucial to achieving a successful sale. 

Setting the right asking price is key to attracting buyers and securing offers. Factors such as location, property size and unique features should be considered when determining the price of your home. 

If you’re not receiving offers within a reasonable timeframe, consult your estate agent. They can provide insights into market trends and help you adjust your strategy if needed.

But, if you’re not in a rush to sell, waiting until the new year might be a better option. The market usually sees renewed activity after the holiday season. Alternatively, you could consider using a house part exchange, house auction or cash buyer who are not swayed by seasonality changes. 

Choosing the wrong sale option

Choosing the wrong way to sell your home can be a major headache, especially when factors like property chains, seasonality and desired speed of sale come into play. If you’re facing this situation, here’s a structured approach to get your sale back on track:

Evaluation:

Clearly define why your current selling method isn’t delivering results. Is it the pace of sale, the quality of buyers or the lack of market visibility? If you can pinpoint specific obstacles. Are you dealing with a slow market, an off-season sale or a broken property chain?

Explore alternative selling options:

  • Cash house buyers

    Ideal if speed is paramount (e.g. avoiding chain breaks or selling during a less desirable season). Offers quick sales but often at below market value.

  • Property auctions

    Effective for unique properties or when a fast, guaranteed sale date is needed. However, lower prices are possible.

  • Online estate agents

    Cost-effective with wider reach, provided flexibility and lower fees, but demands more effort from you.

  • Traditional estate agents

    Ideal for hands-on support with viewings, negotiations and chain management, but comes with higher fees and longer selling times.

  • Multi-agent listings

    Consider this if your property lacks exposure, Listing with multiple agents increases visibility.

  • Private sale

    Potentially saves on fees but requires significant effort and expertise. Only viable if you’re confident in managing the entire process.

  • House part exchange

    Simplifies simultaneous buying and selling, eliminating chain risks.

Refine your strategy

If you are continuing to sell your house on the open market, privately or through a property auction then you will want to ensure your asking price (or guide price for auctions) aligns with current market conditions - overpricing will deter buyers.

In all cases, make your property shine. Staging, decluttering and necessary repairs significantly impacts buyer perception. If you can, elevate your marketing too. High quality photos, virtual tours and detailed listings attract more interest. 

Consider timing & seasonality

Another one for the open marketers - adapt your expectations based on current market trends and seasonal fluctuations. Spring and early summer are generally prime selling seasons. 

Be prepared to modify your strategy if market conditions shift. Adaptability is key to addressing unexpected challenges. 

Mitigate chain break risks

Have backup buyers lined up, or alternative selling options like property auctions or cash house buyers, you may even wish to consider a rental plan if your sale collapses. But ultimately, you will need to protect yourself financially with Chain Break Insurance against potential losses.

Seek expert guidance

Discuss your situation with property experts. Here at The Property Buying Company, we are made up of three different branches: cash house buyer, online quick sale estate agent and property auction. But, any of our branches will be able to give you unbiased property advice. 

If you are facing debt, then please get in contact with a debt advice service like:

  • Gov.UK

  • Step Change

  • National Debtline

  • Citizens Advice

Transparent communication

Maintain open communication with your current estate agent, potential buyers and all relevant parties. Transparency facilitates fast issue resolution.

Cost considerations

Be aware of the financial implications of changing your selling approach. Some options like traditional estate agents may incur extra costs or result in lower sale prices. Make sure you set aside funds for potential expenses associated with adjusting your selling strategy.

By thoroughly assessing your financial situation and considering these steps, you can minimise the consequences of an initial misstep and significantly improve your chances of a successful sale. 

The type of ownership

Despite being a government-backed initiative aimed at increasing homeownership accessibility, Shared Ownership properties can face unique challenges in the housing market. Their leasehold nature often entails additional costs like ground rent and service charges can deter potential buyers accustomed to traditional freehold ownership.

Shared ownership

Shared Ownership,  a government-backed initiative, opens doors for aspiring homeowners who might find traditional routes challenging. Designed as a stepping stone onto the property ladder, it allows you to gradually purchase a stake in a home, making homeownership more accessible. 

But, shared ownership properties are always leasehold, which means the properties and inhabitants may be liable to:

  • Ground rent: Regardless of the size of the share, you’re responsible for paying the full amount of ground rent stipulated in your lease. This is a regular fee paid to the freeholder (often the housing association) for the land on which your property is built.

  • Service charges: Similar to ground rent, you’ll be liable for the full service charge, which covers the maintenance and upkeep of communal areas and the building’s structure. 

  • Property value appreciation: While you benefit from any increase in the value of your share, it’s important to note that the smaller your share, the less you’ll gain from property value appreciation. 

As a result of this, shared ownership properties are not as attractive to all buyers as traditional homeownership. This is because they often come with restrictions and additional costs like the rent and service charges. Therefore, the pool of potential buyers is limited to those eligible for and interested in Shared Ownership schemes.

Not only this, but valuing a shared ownership property can be complex. It involves assessing the market value of the share being sold, as well as considering the terms of the lease, rent and service charges, which can lead to disagreements between the seller and potential buyers over the property’s true worth. 

But, most importantly, if the current owner has not staircased to 100% ownership, the process of finding a buyer who is also eligible for Shared Ownership and willing to take over the remaining share can be time-consuming and challenging. 

If you own 100% of your Shared Ownership home, or if the nomination period has passed, selling on the open market is generally the best option for maximising your sale price and reaching a wider audience.

However, if you don’t own 100%, selling through the Housing Association can be a simpler and potentially faster route, especially if you are not in a rush. 

Over 55’s

The Older Persons Shared Ownership (OPSO) scheme is designed to help individuals aged 55 and over achieve homeownership in a more affordable and flexible way. It allows you to purchase an initial share of an OPSO home (between 10% and 75% of its market value) and pay rent on the remaining share owned by the Housing Association. 

OPSO operated similarly to the general Shared Ownership scheme, with a few key distinctions in that there is a maximum ownership cap and there is a rent exemption for over 80’s.

You can only buy up to 75% of your OPSO home. However, once you reach this threshold, you are no longer required to pay rent on the remaining share owned by the housing association. Similarly, if you are over 80 years old, you don’t have to pay rent on the remaining share, regardless of the percentage you own. 

Older Persons Shared Ownership properties while offering certain benefits, are often not considered as desirable as traditional homeownership options for several reasons:

  • Limited ownership & control: A major drawback of OPSO properties for some is that even with staircasing, you never achieve full ownership. This means being subject to the Housing Association’s rules and potentially having less control over decisions like renovations or subletting.

  • Ongoing costs: While the initial purchase may be affordable, ongoing costs like rent on the remaining share (unless over 80) and service charges can add up and potentially increase over time. This can be unpredictable and less appealing than a fixed mortgage payment.

  • Resale restrictions: Selling an OPSO property can be more complicated than a standard sale. Restrictions on who can buy and the Housing Association right of first refusal can deter some buyers.

  • Perception: Some may perceive Shared Ownership, including OPSO, as a less desirable form of homeownership. Which can affect the property’s perceived value and make it less attractive in the long run.

  • Eligibility requirements: The age and income restrictions for OPSO can exclude potential buyers who might otherwise be interested in the property, just because they are not over 55.

When looking for the perfect buyer for your Over 55’s home, you should consider targeting retirees, individuals over 55 with limited savings or people seeking a supportive community. This could be done on Facebook groups, or via the Housing Association itself. Similarly, some cash house buyers may specialise in purchasing Shared Ownership properties.

We mean it when we say, we buy any house in any location

What’s the fastest way to sell your home?

When time is of the essence, selling your home quickly becomes a priority. Here’s a breakdown of your options, ranging from the fastest (but potentially less profitable) to the slowest (but possibly more lucrative):

what is the fastest way to sell your house infographic, with The Property Buying Company, cash house buyers, The Property Auction Company, property auctions, online estate agents and traditional estate agents speed, costs and house price result

When time is of the essence, selling your home quickly becomes a priority. Here’s a breakdown of your options, ranging from the fastest (but potentially less profitable) to the slowest (but possibly more lucrative):

Lightning fast sales (7-28 days):

Cash house buying companies 

  • Cash house buying companies prioritise speed. They’ll make an offer within 1 to 2 days and complete the deal quickly, often within a month. But, you will receive between 75% to 85% below market value. 

Property auctions

  • House auctions can move swiftly, usually taking 1 to 12 weeks, but this depends on how many auctions are run every month. The final selling price is also uncertain and you might not get your desired amount. 

Moderately fast sales (4 to 12 weeks+)

Online quick sale estate agents

  • These agents streamline the process, potentially selling your home in 4 to 12 weeks. However, legal paperwork (conveyancing) can add several weeks to the timeline). 

Slower but potentially more profitable (8 to 16 weeks+)

Traditional estate agents

  • While the process takes longer, using an experienced estate agent results in the highest sale price, but expect fees of 2% to 3% of the sale price. 

Free (or nearly fee) options

Online no fee estate agents

  • Some online agents offer free listing services. But be prepared for hidden fees and costs for extras like professional photography or viewings.

Private sale

  • Selling your home yourself can save on estate agent fees but requires significant time and effort to handle viewings, negotiations and legal matters. 

What’s the absolute fastest way to sell your home?

Cash house buying companies are the undisputed champions of speed. They can offer within as little as 7 days, and complete your house sale within a few weeks, making them the go-to choice for homeowners needing a fast sale. Just remember that the convenience comes with a price - you’ll likely receive a below market value cash offer for your property. 

The best way to sell your home will depend on your individual priorities. If speed is paramount, cash buyers and auctions are your best bet. If maximising profit is your main goal, traditional estate agents often deliver the best sale prices. Free or low-cost options are also available, but they require more work on your part. 

Here at The Property Buying Company, we are a cash house buyer, a newly established property auction and a booming online quick sale estate agency and we can help facilitate fast, completely free, and transparent house sales no matter what your goals are. 

Want to find out more? Fill out our postcode form below and speak to one of our expert property consultants who will guide you through to the right branch. Frequently asked quick house sale questions

Sell your house fast in as little as 7 days

Frequently asked quick house sale questions

What is the average time to sell a house in 2024?

According to Rightmove, the average time to sell a house in 2024 is 71 days. But, this varies depending on the method used and the specific market conditions. Traditional sales through estate agents can take 2 to 3 months longer, while auctions and cash house buyers offer significantly faster options, often within weeks.

Is now the right time to sell my house?

The current UK housing market is experiencing regional variations, with some areas seeing price increases while others face stagnation or decline. It’s essential to research your local market and consult with one of our property experts to determine if it’s the best time for you to sell.

I want to sell my house urgently, what’s my best option?

If you need a quick sale, you will want to consider selling with cash house buyers or a property auction. 

Cash buyers offer the fastest completion times, often within weeks, but typically for below market value. Property auctions on the other hand can achieve a sale within 6 to 10 weeks with competitive bidding potentially driving up the price.


I want to achieve a good price, but sell quickly, what do I do?

Consider using a Modern Method of Auction (MMoA). This online auction format can attract a wider range of buyers and potentially achieve a higher price than a cash buyer while still maintaining a relatively fast timeline. One great example of this would be The Property Auction Company.

How fast can a sale actually be completed?

The fastest sales are usually achieved through cash house buyers who can complete within days or weeks. Here, at The Property Buying Company, we can buy your house in as little as 7 days, we have even on very rare occasions bought in a couple of days due to dire seller circumstances.

What is the best month to sell your house?

Spring (March to May) and Autumn (September to October) are generally considered the best times to sell due to increased buyer activity and favourable weather conditions.

What is the worst month to sell your house?

The festive season (December to January) and summer holidays (July and August) are usually slower periods for the housing market due to distractions and decreased buyer activity. However, as a house selling company, we will help you buy your house no matter the time of the year.

How many viewings can I expect before my house sells?

The number of viewings varies depending on the property, its location, price and market conditions. On average a property might receive 10 to 20 viewings before selling on the open market, but it can be more or less.

If you choose to sell to a cash house buyer, like The Property Buying Company, you’ll experience a completely different process. We will only conduct one viewing, by one of our Regional Managers, where they will assess your property’s condition before offering you our formal cash offer.

How do I price my house for a fast sale?

In order to price your house for a fast sale, we would recommend that you submit your property details into three different cash house buying companies, or three different property auctions to see what they would value for your home.

If you know your properties true market value, then you should use this information to gather which of the cash buyers gives you the best offer. But, remember some cash house buyers may give you a better offer initially and then drop it later down the line.

Here at The Property Buying Company, we are members of both The Property Ombudsman and the National Association of Property Buyers, which means we are held to strict ethical guidelines. 

We will always provide you with an honest and transparent initial cash offer, the only times where we may drop it later down the line, is if issues arise in the property survey that we weren’t already aware about.

How fast can I sell my house after buying it?

There are no legal restrictions on how soon you can sell after buying, but it’s advisable to wait at least six months to avoid potential Capital Gains Tax implications.

Why am I struggling to sell my house?

There may be many reasons why you are struggling to sell your house, including your asking price being too high, or even too low, poor estate agent marketing or your property is in a cold market. 

If you are struggling to sell your house on the open market, then you may want to consider talking to one of our property experts who will help guide you through our property process, and how we can help you sell your house in as little as 7 days, or 28 days (for full market value).

How much below market value will a cash house buying offer?

Cash house buying companies will typically offer you between 75% to 85% of the market value of your home. This discount reflects the convenience and speed of sale they provide, as in some cases, they could be 36 times faster than estate agent sales.

How much below market value will a part exchange company offer?

Part exchange companies usually offer around 85% to 90% of the market value of your property. This is because they are also selling you a new property, so they need to factor in their profit margin on that transaction.

How much below market value will my property auction sell for?

It’s difficult to predict the exact price your property will fetch at auction, as it depends on market demand and the interest of bidders. However, you can generally expect to achieve around 80% to 90% of the market value – sometimes it may sell for more than your market value.

Can I use the Sale and Rent Back scheme (SARB)?

The SARB scheme allows you to sell your house and remain living in it as a tenant. However, these schemes have been associated with consumer detriment in the past, so it’s important to proceed with caution and seek independent advice.

Is it possible to sell my house via a raffle?

Selling your house via a raffle is possible, but it is a complicated process with many legal and financial considerations. You’ll need to comply with gambling regulations and ensure the raffle is run fairly. It’s advisable to consult with a legal professional before proceeding.

Once I’ve agreed to a sale, is it guaranteed?

Once you’ve agreed to a sale with a buyer, it’s not necessarily guaranteed. The buyer could still pull out before contracts are exchanged. However, once contracts are exchanged, the sale is legally binding and both parties are committed to completing the transaction.

Tom Condon

Tom Condon, one of our content writers, has fascinating expertise in sustainability in the property industry. Tom thoroughly understands the market and has experience in both residential and commercial property. He enjoys attending conferences and staying current with the most recent property trends.

Share: