SELL YOUR HOME QUICKLYPrivate property sale: What you don’t know CAN hurt you!
At very best, the current state of the UK property market can be described as “turbulent”. Would-be buyers aren’t qualifying for home loans, and because buyers can’t get finance, homeowners are unable to sell their properties – either through a private sale or via estate agents. The longer houses remain on the market, under the not-so-watchful eye of an estate agent, the more their value drops – yet agents continue to rake in the kinds of commission to which they’ve become accustomed over the years.
In essence, desperate sellers have entrusted the fate of their properties to agents, who – given the huge number of individuals wishing to sell at present – often let homes fall by the wayside. Many properties, particularly those in disrepair, are being shuffled to the back of agents’ portfolios, never to be shown to the few remaining buyers searching for properties.
As a result, many a frustrated homeowner has turned to a private property sale to save money and guarantee that their home is advertised. But are these “FSBO” transactions as simple and guaranteed as they’re made out to be?
What you didn’t know about a private property sale
Home sellers are sick of being ripped off by estate agents, who for many years have been earning hefty commissions and charging their clients exorbitant fees. Estate agent sales are usually riddled with hidden costs and an assortment of unexpected fees, and worst of all, these types of home sales may take up to a year to complete.
Private property sales have thus attracted many a desperate homeowner, who may believe that selling in this way will save money (which it will) and ensure that the house is adequately marketed. But before you consider the FSBO route, think about the fact that:
- You’ll need a Home Information Pack (HIP) before you’re allowed to undertake a private property sale. Compiling these packs is not only time-consuming but expensive. Have you got the time or money to waste on this bulky batch of documentation?
- You’ll need to advertise your home in newspapers, property magazines or online. Have you got the funds needed to embark upon an adequate advertising campaign?
- You’ll have to organise house showings, advertise these, and then allow random strangers to traipse through your home.
- Although you set the asking price, your buyer will be in control of the sales process.
- If you and/or your buyer are uncertain of the private property sale process, the sale could very easily fall through before completion.
- The legalities of a private property sale are complicated and immense. If you are not familiar with them, you could find yourself in over your head.
These are just a few of the drawbacks to consider when it comes to private property sales. So, if estate agent sales are fraught with frustration and expense, and private sales are so risky, what is the solution?
A fast, guaranteed sale to MPG Investments
Because MPG guarantees to purchase any home, in any part of the UK, regardless of its condition, you’re assured of selling your home to us. There are no estate agents involved so you pay no commissions, and our “no fee promise” ensures that you don’t shell out a penny for our services. Within one week, you can get cash for your house from the UK’s leading home buying company.
Why put yourself through the hassle of a private property sale when you could turn to the home buying experts? Contact MPG today on 0800 634 9231 to find out more about our guaranteed offers and fee-free sales.
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