When people need to sell their property, most think the only option is to go to their local estate agent, but this is not the case. There are number of choices they can make one of which is a Private Sale.
There are Property Buying Companies such as ours who buy property privately.
The benefits of selling privately are: –
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- Agree a fair fixed price
- No Fees i.e., Estate Agency, Legal, Home Report
- No hassle of visits by estate agents, valuation surveyor, viewings to your
house - Constantly having to have your property in viewing condition
- Discreet sale so your family, friends, neighbours don’t need to know your
business as there is no marketing or for sale boards - Choose a moving date which suits you
- The condition of the property does not matter
- Speed of sale with average transaction concluding in 21 days
- Option to sell quickly and stop ongoings costs i.e., mortgage, council tax,
utility bills
To put into perspective the speed and time saving elements, the expected timeframe for selling using a traditional estate agent no matter the trend in the housing market is between 5/6 months (See below)
As you will see in the above, there is also a risk of a sale following through up to the last 2 weeks from the completion date. The current ratio of sales following through is
1 in 6. This will increase during times of inflation when the markets cool and also when mortgage lending is being restricted.
In other countries such as America and Canada private sales are extremely popular with all types of property from small flats where families are looking to buy a bigger house to multi-million-pound property of the rich and famous. They choose private sale so they can control their destiny and move on their own terms. It is amazing in the UK the traditional estate agent is still the most popular even though it takes the longest time and there are the underlying cost of this time. A Private Sale offers a guaranteed process which you can control whilst still getting a fair price for your property.