Sell Your House Fast.
Receive funds within a week.
FREE cash offer within minutes
Receive funds in 7 days
A guaranteed sale on any property
- Jump To:
- Before You Sell
- How You Sell
- Documents For Sale
- Set A Price
- Prepare For Sale
- During Sale
- Post Sale
Use this guide as a hub for all things related to selling your home.
What To Consider Before You Sell Your House
If you want to sell your house, follow these steps, and you should be able to navigate one of life’s most stressful situations relatively stress-free!
The first step is to evaluate your financial situation, particularly your current mortgage.
- Firstly, check the end date of your current mortgage deal. Moving before this date might incur penalty fees. You’re unlikely to face such penalties if you’re on your lender’s standard variable rate, typically applied after a fixed rate or tracker period.
- If you’re within the introductory rate period of your mortgage, examine whether it’s ‘portable.’ A portable mortgage allows you to transfer your current mortgage to a new property without additional costs.
- In cases where your mortgage is not portable and you’re still within the introductory rate, be prepared for an early repayment charge from your lender. These charges range from 1 to 5% of your remaining mortgage debt.
Many people sell their homes simply because they want to move areas or want more space. But for many others, selling is forced upon them by external factors. If this is you, selling is not a choice but a necessity. Reasons for selling can include:
- Selling a house after a divorce
- Financial difficulties/repossession
- Selling probate property
- Moving house
- House sale fell through
If you fall into one of these categories then it is important to understand that you may need to follow different processes when selling your home. Don’t worry, though; we’ll guide you through these later.
Deciding between renting and buying your next home involves an analysis of your circumstances and plans. Generally, there are three options for you:
- Remain a Homeowner (Selling to Buy Immediately): This option involves selling your current home to immediately purchase a new one, be it for upsizing, downsizing, or relocating.
- Move into Temporary Accommodation (Selling to Buy Later): Ideal if you’re relocating or uncertain about your next residence. This means living in temporary accommodation, like a rental, between selling and buying.
- Leave Homeownership (Selling with No View to Buy): This involves moving to a permanent arrangement that does not include owning a home, like renting or moving with family. This option eliminates the property chain and mortgage obligations but requires thoughtful management of the financial gains from your property sale.
Why Sell Your House?
Sell House After Divorce
Stop Repossession
Sell Probate Property
Moving House
House Not Selling On The Market
Estate Agents vs We Buy Any Home
Whether you choose option 1, 2, or 3, the next step for most people is choosing an estate agent to sell your house. It’s crucial to consider the overall cost implications of the sale process, though, and remember there are other non-traditional options to explore, such as cash house buying companies.
Traditional estate agents and cash-buying services like We Buy Any Home offer different approaches.
How, can, and why do we as cash buyers offer below market value and end up paying the same amount as a home sold via an agent? Let us explain…
- With an estate agent, the agreed sale price might be around £94,000, while We Buy Any Home may offer £85,000.
- After accounting for agent fees, the price comes down to £90,710 with an estate agent but remains £85,000 with We Buy Any Home.
- Further deductions such as utility bills, council tax, and mortgage costs alter these figures. For traditional estate agents, these deductions bring the final amount to approximately £84,712.
- In contrast, with We Buy Any Home, the final amount you receive is still £85,000.
- Traditional estate agents generally complete a sale within 6-9 months, whereas We Buy Any Home can potentially close a deal in as little as 7-10 days.
- While the original advertised price with an estate agent might be £107,000, the true market value of the property is often around £100,000, similar to the initial valuation given by We Buy Any Home.