Selling your home through an estate agent can take awhile, depending on the market, price, and location of the home. If you’re wanting to sell your house in Goole, Hull, Skegness, Yorkshire and Lincolnshire quickly, though, you should consider selling your house to a cash home buyer. Usually, minimal costs are associated with home buying companies.
How to Sell Your House Fast to a Cash Home Buyer
If you decide to sell your home through a cash house buyer, you’ll want to make sure the company is reputable. Be cautious of foreign buyers, especially if the buyer wants to buy your home with few questions asked, or research complete. Many scammers usually identify themselves from China as people who buy houses, but they can be from any country. They usually don’t ask any questions about the property and they want you to deal with their solicitor since they’re not available due to the time difference. These are the typical types of we buy houses scams.
Giving you too much financial information is another red flag. It’s an attempt to make them appear legitimate as a cash home buyer when they actually don’t have the money. However, they will send a cheque, anyway, for more than the amount, and then ask you to refund some of the money through an international transfer. Although the scammer’s cheque has the funds, it’ll eventually be returned as a forgery and you’ll be out the money you transferred.
Ask questions of the prospective cash home buyer such as if they’re the ones buying the house or if they plan to find another buyer. Understanding this is important to determine how the transfer will take place.
Finding a Reputable Cash House Buyer
You see the adverts that say ‘We Buy Houses’. An easy warning sign that a person might not be reputable is their sketchy advertising. Legitimate companies that buy houses usually don’t advertise on telephone poles or trees. Trying to find the right cash home buyer can be a challenge, but if you do your homework, you should be ok.
It may seem extreme, but consider conducting a background check on people that buy houses fast. Talk to neighbors and check how long the company has bee trading. Ask for references and testimonials.
Costs Associated With a Cash Home Buyer
The costs associated with selling a home in Goole, Hull, Skegness, Yorkshire and Lincolnshire will be a lot less if you go with a cash buyer. You won’t have to worry about a surveyor, mortgages, and so on. When you sell a house for cash, you can complete the sale quicker. Typically, it doesn’t take the 30-45 days to complete, but can be as little as 7 days. Completion usually takes only about seven days as long as the cash home buyer can move quickly.
However, there are still some costs associated with selling a house to a cash house buyer. You must still pay any taxes on the money that is made from the sale – although for most sales this will be minimal. You may be required to pay some of the legal fees for the solicitor, depending on their cost and your preferences.
When it comes time to complete, never sell to a cash home buyer who refuses to complete without using a registered conveyancer or reputable solicitors firm.
Sell your house to a cash buyer: advantages and disadvantages
Cash buyers are probably going to offer you less than the asking price. But the fact you’re going to save money on closing costs and other expenses like repairs, solicitors fees, estate agents fees you are likely to find yourself coming coming out with more money. Estate agents fees can be 1-3% or £1,000 – £3,000 on a £100,000 property.
When it comes time to get paid, you should get the option of getting a cheque or having the money transfered into your bank account.
Even if you don’t sell to K&G Lettings Limited, feel free to ask us any questions you may have regarding selling your house. We’ve helped lots of homeowners sell their house in Hull, Goole, Skegness, Yorkshire and Lincolnshire. Give us a call now at 01482 961961.
