Compare you home-selling options

Are you facing the threat of home repossession or another form of escalating debt? You may even have come to the point of knowing that you’ll have to sell your property in order to settle your debt. If so, you should be very careful not make any rushed decisions that could jeopardise your home equity, and ultimately, increase your debt.

Read on for more information about both the advantages and disadvantages of various popular home-selling methods. It is, after all, only by doing extensive research that you will be able to make an informed decision.

Private property sales

The biggest advantage of private property sales is that it usually yields larger home-selling profits than any other method. Seeing that homeowners can set their own selling prices – without having to deduct estate agents’ commission – it is not difficult to understand why! Secondly, since homeowners are in charge every step of the way, they can also enjoy peace of mind in knowing that they won’t be taken for a ride.

This brings us to the disadvantages of
- Private Saleprivate property sales. The property market is characterised by complexity and constant change. Selling your own property can thus be overwhelming and risky, as everything from marketing your home to dealing with legal proceedings is entirely up to you. It goes without saying then that if something goes wrong, there will be no-one to blame but yourself.

Estate agents

The biggest advantage of selling through an estate agent is that they do everything for you. Homeowners thus don’t need to worry about the above-mentioned risks of private property sales. The estate agent will advertise your property, arrange public viewings, and finally, close the sale.

The disadvantages of estate agents, on the other hand, include hidden costs, the risk of broken chains, the fact that it could take up to 12 months to sell your home, and of course, having to pay a hefty commission!

Selling to MPG Investments

The advantages of choosing MPG Investments are manifold. Firstly – and most significantly – is the sheer speed at which MPG is able to purchase property. In contrast to selling privately or through estate agents, MPG can purchase a home in just 7 days.

Secondly, MPG is celebrated for its business transparency. Homeowners can thus rest assured that issues such as inaccurate home valuations, hidden costs and extra deductions will not come into play.

The only disadvantage of selling to MPG Investments is that the homeowner might get a slightly lower offer for their home than they would if they used one of the other house selling methods.

However, this is a risk many homeowners are willing to take – Particularly in the case of property owners who have the threat of repossession and bankruptcy hanging over their heads. In these instances, sellers are willing to cut their losses if it means settling their debt and regaining control of their lives. Some even choose to take advantage of MPG’s offer to Sell and Rent Back, whereby they are able to rent their own homes back after selling until they are financially stable enough to purchase property elsewhere.

Now that you’ve read a comparison of these three popular selling methods, you can take your time to make up your mind – the decision is yours!