Selling a property can be a daunting task, especially if you’re navigating the process for the first time. There are many factors to consider, from costs and marketing to timelines and potential pitfalls. To help you make informed decisions, we’ve answered some of the most frequently asked questions about selling a home.
Can I Save Money by Selling the Property Myself?
The short answer is: possibly. By handling the sale yourself, you can save on estate agent fees, but there’s more to selling a property than just listing it online. You’ll still need to pay for professional photography, marketing, and an accurate valuation.
Additionally, arranging and conducting viewings, handling enquiries, and gathering buyer feedback can be time-consuming and stressful. Without proper marketing, your property may not attract enough interest, and you might not achieve its full potential price.
Our team utilizes the latest technology and has access to all major property portals, along with a database of local buyers. The reduction in workload for you—combined with the higher price we can achieve by maximizing exposure—far outweighs the fees involved.
How Long Will It Take to Sell My Property?
There’s no guaranteed timeframe when selling a home. Even after finding a buyer, legal and financial processes can take weeks or even months to complete.
Unlike some agents who promise quick sales, we prefer to be honest: there’s no way to predict an exact timeline. However, we can assure you that our proactive marketing strategies, realistic pricing, and extensive network of buyers will give your property the best chance of selling as quickly as possible.
Should I Use a Property Buying Company?
While property buying companies can offer a quick cash sale, they often come at a significant cost. These companies typically pay around 25% less than the market value, making them more suitable for sellers in urgent situations, such as those with properties requiring major repairs or legal resolutions.
Additionally, some property buying companies use legal loopholes to reduce their original offer, leaving sellers with less than expected. If you choose this route, thorough research is essential to avoid potential scams.
What Are the Costs of Selling My Home?
Most agent and legal fees are paid upon completion of the sale, so there are usually no upfront costs. However, there are other expenses to keep in mind:
- Pre-sale repairs & maintenance: Investing in minor improvements can make your property more attractive to buyers.
- Mortgage-related fees: Check with your mortgage provider about potential early repayment charges.
- Legal fees: If a sale falls through, you may still have to cover some legal costs.
- Moving expenses: Don’t forget to budget for removal or storage services.
Having some funds set aside for unexpected costs can make the process smoother and less stressful.
Final Thoughts
Selling a home is a big decision, and having the right support can make all the difference. While selling privately or using a property buying company may seem appealing, working with an experienced estate agent ensures you maximize your property’s value while minimizing stress.
If you’re thinking of selling, get in touch with our team today. We’re here to guide you every step of the way.
