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  Top Tips For Home Sellers

Working with HBF The Property Ombudsman have issued some advice to ensure home owners are well informed and clear on all aspects of quick house sales.

In a quick house sale, a business (provider) offers to buy the property or find a third party buyer very quickly. In return, the seller needs to ensure they are happy with the price offered and the way the property is sold.

These top tips should help you when deciding what is best for your property and circumstances.

If you decide to go ahead, they will help you to spot the things that could go wrong, and understand how to prevent problems.

1. Consider all your options

There may be more options than you think. They might help you to keep your home if you don't want to sell or to sell at a better price.

2. Take time to find out about the process

What are the pros and cons?

How does it compare to alternatives such as using a normal estate agent or negotiating with your lender?

Will a quick house sale provider suit your specific needs?

3. Look for the services that work best for you

Not all providers are the same, so look at what different ones can offer.

Don't accept their claims at face value.

For example, if the provider says 'completion in days' or 'we pay close to full market value', ask how often they do this.

4. Check out providers' credentials

If providers say they have signed up to a code of practice, redress scheme, or are regulated by an official body, check this for yourself.

Also check to see what protection the code of practice, redress scheme, or regulation offers you.

5. At each stage, make sure you have the information you need to make informed choices

If you don't understand something, ask the provider for answers and don't proceed unless you are happy with them.

  • Who is buying the property?
  • How will they pay?
  • Is there proof that they have funds available?
  • When will the sale happen?
  • Who is valuing the property and how?
  • What is the offer price? Will this change? If so, why?
  • If the survey is given as a reason for a reduced offer, ask to see it.
  • What fees and charges will you have to pay? Will you have to pay them even if you don't go ahead with the sale?

We would advise choosing providers who offer you the information listed above without having to be asked for it.

6. Donít accept verbal information or promises

Always get the provider to put them in writing.

7. Don't be pressured into a decision you are not comfortable with

For example, the provider should not require you to use a particular solicitor.

8. Before you sign any agreement, read it carefully and obtain independent legal advice if you are at all unsure

Do you understand what you're being asked to sign and its implications?

Don't sign an agreement unless you know what you are agreeing to. Also, never be shy about negotiating on price.

9. Watch out for long tie-ins

Be wary about signing any agreement that ties you to the provider for a longer time than you are happy with.

If you want a speedy sale, question why a quick house sale provider would need an agreement for more than four weeks.

10. Be honest and accurate when answering questions

Giving incorrect information or leaving important things out is likely to be uncovered later and may cause hold-ups and even reductions in the offer price.

11. Don't commit to the sale until surveys and legal checks have been carried out, you have a final offer in writing and you have independent legal advice

Be cautious of making major financial commitments, or other decisions you might regret if the sale did not go through as expected.

A company you can trust to buy or sell your home fast

contact Homes Bought Fast today to arrange a free evaluation

Let us answer your questions and explain our fast property sales options. Based on your postcode and our conversation, we'll estimate a property value and present our options tailored to the open market price for properties in your area. If you are happy to proceed to the next stage, we will visit your property to confirm our offer and 7 - 28 days later, you could be enjoying the money from your fast house sale safely deposited in your bank!

We are here to help!

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For details on the options we offer so that you can sell your house fast, please see our Fast House Sales Options/ page.

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Homes Bought Fast were very efficient, always kept me updated every week as to what was going on. I was so happy with their service.
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