Sell My House Fast For Cash

Need to sell your house fast in 2024? You’re not alone. Whether it’s a sudden relocation, a financial squeeze or just the desire for a quick, hassle-free sale, many homeowners find themselves needing to speed up the process. The good news is, you have options. 

Use this guide as your roadmap to a fast house sale. We’ll cut through the jargon and confusion, exploring the most efficient methods available in today’s market. From cash buyers and auctions to online estate agents and part-exchange schemes, we’ll break down the pros, cons and potential pitfalls of each approach.

No matter your reason for selling, or your current understanding of the housing market, this guide will arm you with the knowledge you need to make the best decision for your situation. Get ready to discover the fastest routes to a successful sale in 2024. 

Use our quick ‘how to sell your house fast’ navigation:

• What is the quickest way to sell a house?

• Sell House Fast Process

• What could be impacting the sale of your house?

• How we compare to estate agents

• Reasons to sell your house

• Sell your house with us

• Our other articles

• Frequently asked quick house sale questions

How the UK housing market can affect a house sale

The UK housing market in 2024 has been a mixed bag, with some regional variations. As a whole, there has been a slight decline of 0.2% in house prices between February 2023 and February 2024. However, there was a 0.7% increase in prices between January and February 2024.

Regional variations exist, with Scotland, the North East and Northern Ireland seeing the most significant price increases. Conversely, London, the West Midlands, and the South East experienced the sharpest declines.

Mortgage approvals for house purchases increased by 20% in March 2024 compared to the previous year, indicating a growing demand for housing.

Despite the positive signs in mortgage approvals, housing starts and completions in England decreased in the fourth quarter of 2023 compared to the same period in 2022. This decline is likely due to new building regulatory standards introduced in mid-2023.

Comment from our CEO & Co-Founder, Karl McArdle

“The UK housing market in 2024 has been a tale of two stories. While we’ve seen a slight dip in prices nationally, regional hotspots like Scotland and the North East are defying this trend with significant gains. This mixed picture reflects both the unique dynamics of each region and the overarching impact of rising interest rates.”

“We predict these challenges will persist throughout 2024. The high-interest rate environment is putting a real strain on buyers, hindering their ability to secure mortgages and forcing them to put their plans on hold. This could create a ripple effect on the market, making it harder for some sellers to find qualified buyers.”

“However, it’s important to remember that there are still viable paths to selling your property, even in this challenging climate. At The Property Buying Company, we offer a fast and guaranteed solution for homeowners who need to sell fast.”

“And, for those who want to explore all their options, our marketing team have created this in-depth guide to look at alternative selling strategies that can help you navigate the complexities of the 2024 market.”

What are the quickest ways to sell a house?

Selling your home directly to a cash house buying company (like us) is the fastest way to sell your house. It can take as little as 7 days from initial inquiry to completion, with some companies offering a guaranteed sale within 24 hours. 

In the UK, the quickest way to sell your house is through us, where we can sell your house 36 times faster than high street estate agents. 

How to sell a house quick:

• Cash buying companies: Fastest option (7 to 28 days on average).

• Sell house quickly at auction: Quick turnaround (1 to 3 months).

• Online quick sale estate agents: Moderate speed (1 to 6 months).

• Online "No fee" estate agent: Can take anywhere from 12 - 27 weeks

• Part exchanging your house via new build developer : Can take some time (3 to 6 months).

• Traditional estate agents: Expect a longer wait (6 to 12 months).

• Other Sell House Fast Options

Cash house buying companies are able to move quickly because they don’t need to wait for mortgage approval or find a buyer. They usually handle all the paperwork and legal aspects efficiently, which also means no need for repairs or renovations, which can delay traditional sales.

Obviously, we aren't the only fast way to sell a house online but we are the fastest.

Lightning fast sales (7-28 days):

Cash house buying companies 

• Cash house buying companies prioritise speed. They’ll make an offer within 1 to 2 days and complete the deal quickly, often within a month. But, you will receive between 75% to 85% below market value. 

Property auctions

• Auctions are another fast-paced option, with binding sales often achieved within 1 to 8 weeks. While they generally have a high success rate (around 78%), the final sale price can be unpredictable until auction day. You can expect to receive around 85% to 90% of your true market value. 

Moderately fast sales (4 to 12 weeks+)

Online quick sale estate agents

• These companies (like ours) specialise in rapid house sales, often completing sales within 7 to 28 days. While they usually offer around 80% to 85% of the market value, they guarantee a sale, eliminating the risk of a deal falling through, which happens in about 1 in 3 traditional sales. 

Slower but potentially more profitable (8 to 16 weeks+)

Traditional estate agents

• While not the fastest option, using a traditional estate agent can still be a good choice if you’re not in a rush and want to maximise your sale price. However, be prepared for a longer process (often 2-3 months) and the possibility of the sale falling through.  

Free (or nearly fee) options

Online no fee estate agents

• Online estate agents offer similar timelines to property auctions in that they can sell your house in as little as 28 days. But, you will then be faced with the conveyancing process, so the actual length of the sale will be around 3 months. You can expect to be much closer to true market value & some online estate agents will cover your fees.

Private sale

• Selling your home yourself can save on estate agent fees but requires significant time and effort to handle viewings, negotiations and legal matters. 

What is the fastest way to sell a house?

Cash house buying companies are the undisputed champions of speed. They can offer within as little as 7 days, and complete your house sale within a few weeks, making them the go-to choice for homeowners needing a fast sale. Just remember that the convenience comes with a price - you’ll likely receive a below market value cash offer for your property. 

The best way to sell your home will depend on your individual priorities. If speed is paramount, cash buyers and auctions are your best bet. If maximising profit is your main goal, traditional estate agents often deliver the best sale prices. Free or low-cost options are also available, but they require more work on your part. 

Here at The Property Buying Company, we are a cash house buyer, a newly established property auction and a booming online quick sale estate agency and we can help facilitate fast, completely free, and transparent house sales no matter what your goals are. 

Want to find out more? Fill out our postcode form below and speak to one of our expert property consultants who will guide you through to the right branch. Frequently asked quick house sale questions

Sell my house fast for cash process

We like to think we're better than other house sale company options you have and different from your standard estate agents, we’re all about giving you a fast house sale that’s transparent and straightforward.

Being a cash property buyer makes this easy. Selling your property for cash in as little as 7-days, yes you read that right seven days! Also as a special thank you, including all your legal fees and we also have a vast market knowledge so we can help you through every step of the process.

Disclaimer: The price we quote you, is the price we pay.

Now you might be thinking what is the value of my property to a company like us.

If a Sell House Fast service sounds attractive, then here’s how to get started and with our easy to use enquiry form…

1. Postcode submission

Enter your postcode at the top of our “Get Your Offer” page.

2. Pull up your property

We will pull the details up for your property, including type and size.

3. Enter your details

Enter your name, contact number and email. Our property consultants will contact you with a free cash offer.

Once you’ve agreed you’re happy with our initial valuation, we’ll then arrange for you to meet with one of our Regional Managers.

During the meeting, they’ll give your property the once over in person, flag up any issues and get to know more about you and your situation.

It’s from their expertise that we’ll determine our final valuation which, if you accept, will lead to a RICS survey and valuation before completion. Proof you can sell the property in under 7 days!

Selling to a cash house buying company

Selling your home to a cash buying company means bypassing the traditional estate agent market. These companies have the funds readily available to purchase your home outright, eliminating the need for mortgage approvals and lengthy waiting periods – which can be ideal for homeowners who need a fast and guaranteed sale. 

Cash house buying companies are businesses that specialise in directly purchasing properties from sellers. They streamline the selling process, offering a hassle-free alternative to traditional methods like using estate agents or auctions. These companies  are sought after by individuals facing financial difficulties, time constraints or those simply seeking a swift and straightforward transaction. 

How long do cash buyers take to buy your property?

Genuine cash buyers offer the fastest way to sell your house, often completing the purchase within weeks. They can typically make a formal offer within 1 to 2 days and complete the sale in 2 to 3 weeks. However, it’s important to note that they usually offer below market value due to the speed and convenience they provide.

While cash sales are generally faster than traditional sales, several factors can influence that 2 to 3 week timeline:

• Legal process: Conveyancing and legal checks can take time, even with a cash buyer.

• Property surveys: Depending on the buyer and the property’s condition, surveys may be required.

• Seller’s circumstances: If the seller needs to find alternative accommodation or has complications with their chain, it could cause delays.

For the absolute quickest sale, specialised cash buying companies can purchase in as little as 7 days. These companies have readily available cash funds and a streamlined process to speed up the process. They may also cover all the fees, including costs, making the process even smoother for the seller. 

How do cash house buying companies work?

While traditional house sales can take an average of 6 months, cash house buyers can often complete a purchase within 2 to 3 weeks. How do they achieve such speed? Well, it’s mainly due to:

House buying companies also offer sellers alternative methods to the traditional estate agent route, each with varying speeds and financial outcomes. 

Direct purchases are the fastest way to sell your house and are similar to selling via online car buying platforms, cash house buyers provide a fast offer, usually 75% to 80% of the market value and complete the purchase within 2 to 4 weeks. 

Assisted sales on the other hand, are where the cash buyer acts as a facilitator, connecting you with pre-qualified investors like landlords or developers. The process is slightly longer (8 to 12 weeks) but can result in a higher offer. This method is often suitable for properties with tenants. 

And finally, auction sales are where the company buys your house at a pre-agreed price, taking on the risk, and then sells it through a traditional or modern online auction, which could potentially yield a higher sale price but also introduces uncertainty and a longer timeframe. 

The pros and cons of cash buyers

Let’s be honest, selling your house through an estate agent can be a nightmare, it’s often plagued by:

• Delays: The average sale takes around 6 months, and for many, it’s even longer.

• Stress: Dealing with agents, solicitors, buyers and surveyors can be overwhelming.

• Uncertainty: Sales can fall through, even when everything seems to be going smoothly. 

Cash house buyers offer a refreshing alternative, eliminating many of these pain points. Here are the pros and cons of using a cash buyer:

Choosing a reputable cash house buyer

As a cash buyer ourselves, we would love to say that all of our competitors are 100% genuine, but this is unfortunately not the case. Across the industry, there are all forms of unscrupulous companies, from lead generation websites to companies that will lead you on to only drop their offer at the last minute. 

To choose a reputable cash house buyer and avoid scams, follow these essential tips:

Who is a cash sale journey suitable for?

While anyone can sell their house to a cash buyer, it’s particularly advantageous for those who want a fast, secure and convenient sale over maximising their profit. These could be people in:

Urgent situations

• Financial difficulties: Needing to avoid repossession or settle debts quickly.

• Relocation: Moving for work or family reasons with a tight timeline.

• Inheritance: Needing to sell an inherited property swiftly.

Challenging circumstances

• Divorce or separation: Selling a property quickly to divide assets or resolve financial issues. 

• Problem tenants: Selling a property with ongoing tenant issues.

• Probate or estate sales: Streamlining the sale of a deceased person’s property.

• Properties in disrepair: Selling a property in poor condition without the need for costly renovations. 

Strategic situations

• Chain break: Preventing a property chain from collapsing by selling quickly to a cash buyer. 

• Downsizing or upsizing: Facilitating a quick move to a more suitable property. 

• Property investors: Quickly liquidating assets for other investment opportunities. 

While cash buyers offer a fast and convenient solution, it’s important to remember that they usually offer 15% to 20% below market value. If maximising profit is your top priority, you might consider alternative methods like using an estate agent or auctioning the property.

Selling your property quickly at auction (the methods)

Think property auctions are only for seasoned investors and developers? Think again - auctions can be a fantastic option for all sorts of buyers and sellers, offering a quick and secure way to sell your home. 

But, before diving in, it’s important to understand the ins and outs of the auction process, weighing the pros and cons to determine the right path for you. 

Here’s a breakdown of what you need to know about property auctions:

• Auctions can be a fast and secure way to sell your property, guaranteeing a committed buyer once the hammer falls.

• There are two main types of property auctions: the traditional method known for its speed, and the modern method, offering more flexibility. 

• You can set a reserve price to ensure you receive a minimum amount for your property. However, there’s no guarantee your property will sell at auction. 

Property auctions provide a unique alternative to traditional estate agent transactions, offering speed, transparency and access to diverse buyers. In this section we will explore both traditional and modern methods, their pros and cons, and who they are best suited for. 

Modern vs Traditional property auction methods

Property auctions are a unique way to buy and sell your home fast, with two distinct methods available: traditional and modern. 

Traditional auctions are held on a specific date and time, with multiple properties sold sequentially. The process begins with a guide price, and then bids increase until the highest bidder surpasses the reserve price. All bids are legally binding, and the highest bidder immediately exchanges contracts and pays a 10% deposit. 

Buyers are usually professionals and cash buyers seeking quick transactions, they must complete the purchase within 28 days.

Modern auctions, or Modern Method of Auctions (MMoA), are conducted online over a set period and often resemble eBay auctions. They are similar to traditional auctions, but with a non-refundable 5% reservation fee paid by the winning bidder. 

Buyers have 28 days to exchange contracts and complete the purchase within 56 days of the auction. The MMOA often appeals to a wider range of buyers, including those requiring mortgage financing.

Both traditional and modern auctions have advantages. Traditional auctions provide speed and certainty, while modern auctions attract a wider pool of buyers and potentially higher prices. The best choice for you will depend on your priorities as a buyer or seller. 

If you’re a seller seeking a fast and guaranteed sale, a traditional auction might be ideal. If you prefer a wider audience and are comfortable with a slightly longer process, a modern auction could be a better fit. 

How long do property auctions take to sell your property?

Selling a property at auction offers a fast and efficient alternative to selling with an estate agent. The entire process, from listing to completion, usually takes 6 to 10 weeks, which is divided into two main phases:

Preparation phase (2 to 4 weeks):

Valuation and reserve setting: A professional valuation is conducted to determine a realistic reserve price, usually 75% to 80% of the market value. The auction house markets your property through various channels to generate interest and attract potential buyers.

Auction day & completion phase (4 to 6 weeks):

The property is presented at the auction, and the highest bid meeting or exceeding the reserve price winds. This process is usually quick, often concluding within minutes. 

After the auction, the buyer pays a 10% deposit immediately, with the remaining balance due within 28 days. Legal formalities and ownership transfer are finalised during this period. 

The pros and cons of property auctions

Auctioning is increasingly popular among UK homeowners, offering a faster, more transparent and chain-free sale with a set minimum price! However, it’s not for everyone. Let’s explore the pros and cons of house auctions to help you decide if it’s right for you:

Choosing a reputable auction company

While many reputable auction houses operate ethically, selecting a trustworthy partner for your home sale is crucial. At The Property Buying Company, we’ve recently launched our own auction service to provide you with a secure and transparent option.

To make an informed decision and avoid potential pitfalls, consider these guidelines when choosing an auction house:

Who is a property auction sale suitable for?

When deciding whether to sell your property at auction, it’s important to choose the right type of auction and strategy. Different properties require different approaches to achieve the best results. Here are the main three categories of properties that are often sold at auction, along with the advantages auctions offer for each:

Problem properties

A problem property is a house that struggles to sell due to issues with the building itself or legal complications. Common examples include:

• Subsidence or other structural issues.

• Non-standard construction.

• Short leases.

• Japanese Knotweed.

• Legal complications (Divorce, Title issues).

• Enforcement notices.

• Problem tenants. 

Other examples include properties with fire or flood damage, roof problems, neighbouring property issues, compulsory purchase orders, heavy development nearby, or those in need of complete renovation.

Selling problem properties through traditional estate agents can be challenging. Estate agents may lack experience with such issues, potentially deterring buyers. Moreover, typical buyers may be less equipped to deal with these complications. 

Whereas, auctioneers specialise in problem properties and know how to attract the right buyers, leading to higher competition and potentially better prices. Auction buyers are often more experienced and understand how to handle property issues. Many are cash buyers, making unmortgageable properties less of an obstacle. 

Auction sales are legally binding upon completion, resulting in a significantly lower fall-though rate compared to traditional sales. 

“Normal” residential homes

Even standard residential properties can benefit from auctions, especially if you need a quick and reliable sale. Auctions can provide:

• Speed: Auctions only take 6 to 8 weeks from listing to completion, which is atleast a third of the time of an estate agent. 

• Transparency: The process is transparent, with no hidden agendas or last-minute price reductions. 

• Competitive bidding: Auctions can drive up prices due to the competitive nature of bidding. 

Commercial premises, land and development opportunities

Commercial properties and land are well-suited for auctions due to their unique nature and the specialised knowledge required. Auctions provide access to a wider pool of potential buyers, including investors and developers, who are specifically interested in these types of properties.

Selling with an online “quick sale” estate agents

Selling your home through a traditional estate agent can be a lengthy and uncertain process, often dragging on for months with the constant worry that the sale might collapse before contracts are exchanged. 

Online quick house sale agents (often known as Hybrid estate agents) offer a refreshing alternative, promising a faster and more efficient way to sell your property. Some of the best quick house sale agents include Springbok, The Property Selling Company, Bettermove and Yopa. 

These companies provide many of the same services as traditional estate agents, such as finding buyers, marketing your property and listing it on popular property portals like Rightmove and Zoopla. However, their streamlined approach cuts through the red tape and eliminates unnecessary delays, enabling a much faster sale. 

How long do online quick sale estate agents take to sell your home?

Online quick sale estate agents often advertise a fast sale, typically within 4 to 8 weeks. However, the actual time frame can vary significantly depending on your property’s condition, location and the current market demand.

Some companies offer  guaranteed sales within a specific time frame, while others don’t list their time frames at all. It’s crucial to carefully review the terms and conditions, as these guarantees may come with certain stipulations or compromises.

Here’s a look at the stated selling times for some popular online quick sale estate agents:

• Springbok: 8 weeks or more

• The Property Selling Company: 28 days or more

• Bettermove: 15 weeks or more

• Yopa: 6 months

The pros and cons of quick sale estate agents

Online estate agents are growing in popularity, representing a significant portion of property sales in recent years. Their lower operating costs often translate to potential savings for sellers, making them an attractive alternative to traditional high-street agents.

While online agents usually offer similar services to traditional agents, it’s important for sellers to do their research. Let’s delve into the pros and cons of using quick sale estate agents:

While online estate agents can offer significant cost savings and greater control over the selling process, it’s important to weigh these benefits against potential drawbacks like upfront fees and potential lack of local expertise.

Thoroughly research different online agents, compare their services and fees, and ensure they are registered with a reputable governing body like The Property Ombudsman before making your decision. 

How much do quick sale estate agents cost the seller?

Online quick  sale estate agents typically offer two cost structures:

1. Fixed fee: You pay a set amount for the service, regardless of your property’s final sale price. This can be more predictable and transparent than traditional commission-based fees.

2. No fee: The agent covers your selling fees, but this often means they make a profit on the sale of your property. So while technically not costing you anything, you may lose out on some profit.

Here’s a breakdown of the costs associated with some popular online quick sale estate agents:

• Springbok: Fees vary between 1% and 2% +VAT depending on the house.

• The Property Selling Company: They cover your fees (they will attempt to sell it for more and take the profit, at their own cost). 

• Bettermove: They cover your fees (they will sell it for more and take the profit).

• Yopa: £999 (fixed fee).

Choosing a reputable quick sale estate agent

While many reputable online quick sale estate agents like The Property Selling Company offer excellent service, selecting the right company for your home is crucial. To help you make an informed decision and avoid potential pitfalls, consider these guidelines:

Thorough research: 

Explore independent platforms like Trustpilot, Google and Feefo for unbiased feedback. Pay attention to both positive and negative reviews, focusing on how the estate agent responds to criticism. 

Make sure the online estate agent is registered with a relevant professional body like The Property Ombudsman or the National Association of Estate Agents. And, research the company’s financial standing on the Companies House to confirm they have the resources to effectively handle your sale.

Compare multiple house valuations

Get multiple house valuations, seek appraisals from several reputable online quick house sale estate agents to determine a realistic estimate of your property’s value. Consider platforms like Sold, The Property Selling Company and Griffin Property Co for comparison. 

Request detailed breakdowns of each agent’s fees, including commission rates, marketing costs and any additional charges. Evaluate their services, such as marketing reach, expertise in your property type, and the level of support provided. 

Look at the contract

Carefully review the terms and conditions before signing any agreement. Online estate agents can be significantly cheaper than traditional high-street agents, often charging a fixed fee upfront rather than a commission based fee upon sale. However, fees and packages vary widely, ranging from less than £100 to free services like The Property Selling Company. 

Use an estate agent fee calculator to compare commission based fees with fixed fees. Consider additional costs like marketing, professional photography and accompanied viewings, as these may be charged separately. 

Before signing any contract, carefully review the terms and conditions. Pay attention to:

• Additional costs: Will you be charged extra for marketing or other services?

• Sole selling rights: Does the agent insist on sole selling rights, even if you find a buyer yourself? If so, ensure it’s for a limited period.

• Time limit: Does the agreement have a time limit, allowing you to switch agents if you’re unhappy? Ensure the contract includes a fair termination clause that allows you to withdraw your property if necessary. 

Seek legal advice if you have any concerns or doubts. Be clear about the agent’s commission structure, including any potential deductions or additional costs later down the road.

How are they going to market your property?

Inquire about the agent’s marketing plan for your property:

• Property portals: Will your property be listed on major portals like Zoopla, Rightmove and OnTheMarket?

• Premium listings: Will they use premium listings or features like virtual tours? Are there extra charges for these?

Ask questions

Inquire about the estimated timeline for the selling process, from listing to completion. Ask about the estate agent’s marketing strategy for your property, including online platforms, professional photography and targeted outreach. 

Find out how long the agent has been in business and their success rate with similar properties in your area. 

Who is an online quick sale estate agent suitable for?

Online quick sale estate agents are ideal for sellers who prioritise a fast sale but can afford to wait slightly longer than the rapid turnaround offered by cash house buyers or property auctions. While you may not achieve the absolute highest price, online quick sale agents typically secure between 5% and 15% more than those other methods. 

To successfully navigate the process, sellers should be familiar with selling things online, as online estate agents primarily operate through digital platforms. This requires comfort with online tools and virtual communication. 

These online quick sale estate agents often appeal to budget-conscious sellers due to their lower fees compared to traditional agents. If you’re open to managing some aspects of the sale, such as conducting viewings or responding to inquiries, online estate agents offer a suitable level of involvement. 

Properties that are generally easy to sell, like those in desirable locations or excellent condition, tend to fare well with online quick sale estate agents. However, complex sales involving unique properties, legal complications, or specialised knowledge may be better suited for a traditional agent’s expertise.

If you prefer a more personalised, hands-on approach with face-to-face interactions, a traditional agent might be a more suitable choice. Additionally, sellers of high-value properties might prioritise the experience and negotiation skills of a traditional estate agent over the speed offered by online platforms.

Online “no fee” estate agents

Online no-fee estate agents can be misleading. While they may advertise free listings on major property portals like Rightmove, Zoopla or OnTheMarket, the essential services often required for a successful sale often come with additional costs. These services can include professional photography, creating engaging marketing materials, conducting viewings, and negotiating offers.

While it’s technically possible to sell your home yourself and avoid these fees, this approach places the entire burden of the sale on your shoulders. You’ll need to handle inquiries, schedule and conduct viewings, negotiate with potential buyers and manage the legal paperwork. All of which can be a time consuming and stressful process, especially if you’re unfamiliar with the housing market. 

Therefore, it’s important to carefully consider the services included in any “no-fee” package and weigh them against the potential benefits of using a full-service estate agent. While a full-service estate will charge a commission, and a Quick house sale estate agent will require a percentage of your sale, they can alleviate the stress and complexity of selling your home, ultimately leading to a smoother and potentially more profitable transaction. 

How long do no fee estate agents take to sell your home?

The timeline for selling your home with an online no fee estate agent can be similar to that of a traditional agent, though potentially slightly faster due to the streamlined nature of online estate agents. 

On average, you can expect the process to take between 12 and 27 weeks, with variations depending on market conditions, specifics of your property, and the amount of money you spend on necessary features. Here’s a breakdown of the typical timeline:

• 0-2 Weeks: Selecting an online no fee estate agent and preparing your home for viewings (cleaning, decluttering & removing personal items). 

• 1-14 Weeks: Marketing your property and conducting viewings. This phase can vary significantly depending on buyer interest and the time of year.

• 9 Weeks (on average): The time from accepting an offer to exchange contracts; This involves legal checks, surveys and mortgage approvals. 

• 2 Weeks: The final stage, from exchange to completion, involves transferring ownership and finalising payments. 

While online no fee estate agents can offer a faster, more streamlined process, it’s important to consider the trade-offs. They may provide less personalised service and support compared to traditional estate agents, so carefully weigh the pros and cons before making your decision. 

The pros and cons of no fee estate agents

No-fee estate agents and no sale, no fee estate agents are different types that should not be conflated. No sale, no fee estate agents operate on a commission basis, where they only charge a fee if they successfully sell your property.

On the other hand, no-fee estate agents usually offer a basic listing service for free, but charge additional fees for essential services like professional photography or accompanied viewings. To understand the advantages and disadvantages of this no-fee model, consider the following:

Choosing a reputable no fee estate agent

If your goal is to sell your house without incurring any costs, then no fee estate agents might not be the solution you’re looking for. Unless you’re prepared to invest significant time and effort into handling the entire process yourself, including conveyancing and marketing, you’ll likely encounter additional fees for essential services.

However, if you’re comfortable with a more hands-on approach and are willing to take on some of the responsibilities yourself, a no-fee estate agent could be a viable option. Here are some tips for choosing a reputable one:

Who are the best no fee estate agents?

Choosing the best no fee estate agent can be a complicated task. Prominent players in this field include Yopa, Strike and Purplebricks (now owned by Strike). While Yopa may be considered a more transparent option, the distinction between Strike and Purplebricks has become blurred since their merger in 2023 as reported by the BBC. 

Both companies advertise the ability to sell your home for free, but the reality is that you’ll likely still incur costs for essential costs (marketing, hosted viewings etc). 

If your primary goal is to sell your house without any financial outlay, consider exploring quick-sale companies like The Property Selling Company or Sold. These companies typically offer a guaranteed selling price with you, sell it for more and then keep the profit, which eliminates the need for estate agent fees.

Who is a no fee estate agent suitable for?

Contrary to some claims online, no fee estate agents are not ideal for those seeking a hands-off experience or individuals juggling multiple responsibilities while trying to sell on a budget.

The “free” service offered by these agents is often quite basic. To achieve a successful sale, you’ll likely need to pay for additional services, which can quickly accumulate. For example, consider Purplebricks fee structure:

Basic package (free):

• House valuation and report

• Listing on select property portals

• App for managing viewings and offers

• Professional negotiation support

• Expert team support

“Optional” extras:

• Hosted viewings (£899)

• Rightmove listing (£399)

• Rightmove featured property (£149)

• Rightmove premium listing (£125)

• EPC (£119)

• Digital enhanced photos, 360 virtual tour, and floorplan (£699)

• Elevated photography (£99)

• Drone photography (£199)

As you can see, the costs can escalate rapidly if you require these essential services. Therefore, no fee estate agents may not be the best fit for first time sellers, busy sellers and properties requiring extensive marketing. 

First time sellers are often unfamiliar with the process and need comprehensive guidance and support on a budget, and busy sellers who lack the time or expertise to manage the sale process themselves. 

Furthermore, homes in less desirable locations or with unique features may benefit from the professional marketing and expertise offered by traditional estate agents, or sell to a cash buyer and completely bypass the open market.

Selling with a traditional estate agent

While a traditional estate agent might not be the quickest route to selling your home, with the average sale taking 5 to 6 months, it’s important to weigh this against the potential benefits. The longer timeline can often lead to achieving full market value, or even exceeding it in a competitive market, making it a worthwhile house selling route for those not in a rush.

Yes, traditional estate agents typically charge a commission of 2% to 3% +VAT, making them a pricier option. However, this investment can pay off in the form of a higher selling price. If you want to maximise your return and have flexibility in your timeline, this might be a suitable choice.

One of the most valuable assets a traditional estate agent brings is their local expertise. With their physical presence in the community, they possess a very good understanding of the area, allowing them to effectively market your property to potential buyers and highlight its appeal. This local knowledge can be a powerful tool in attracting the right buyer and ultimately securing a successful sale. 

How long do traditional estate agents take to sell your home? 

When selling your house via a traditional estate agent, there are quite a few hurdles you will need to cross, with the average estate agent timeline taking around 5 to 6 months. Here is our estate agent timeline:

Appoint estate agent & prepare house (1 month)

Before your house can go on the market, you will need to prepare the house for sale. This could be anything from decluttering, painting and sorting out any outdoor space. Remember your house needs to look good to impress potential buyers. Once the house is in a good state of repair, then you can appoint an estate agent.

House enters the open market (1 week)

After selecting and appointing your estate agent, they will initiate the marketing process for your property. This includes preparing marketing materials, agreeing on terms with you and listing your property for sale. 

Viewings (1 month)

The approach to viewings can vary between estate agents, with some conducting them personally while others encourage owners to do so. Viewings usually take place within the first 3 to 4 weeks of marketing, either through standard appointments scheduled over time or through block viewings where all potential buyers visit at a fixed time. 

Offers & negotiation (1 week)

Your estate agent will present any offers received, detailing the buyer’s situation, financing and timeline. Swift and efficient negotiation should ideally conclude within 2 to 3 days. But, if buyers lack communication or aren’t completely invested in your home then this can stretch on for several weeks until you find the right buyer.

Sale agreed (2 days)

Once the offer is accepted, viewings cease and your agent gathers information from the buyer, including proof of deposit, ID, mortgage details and chain information. 

Instructing solicitors (1 week)

Thoroughly research and select your solicitor, ensuring they meet your requirements and offer transparent pricing. The most expensive solicitor may not always be the best fit for your needs, but be cautious of unusually low quotes as they could signal potential issues. 

When narrowing down your choices, inquire about fixed fees and whether they operate on  no sale, no fee basis. While these aren’t dealbreakers, clarity on costs upfront can prevent surprises later on. 

As the seller, you’ll have numerous forms to complete. Submit them promptly to your solicitor, as the transaction cannot progress without this step. This part of the process can be accomplished within a few days, so prioritise it to avoid unnecessary delays. 

Memorandum of Sale (1 week)

Once the estate agent has gathered all essential information from both buyer and seller, including solicitor details, they will prepare and issue the Memorandum of Sale. This document serves as a formal confirmation of the agreed-upon terms of the sale and is distributed to all parties involved: the buyer, the seller and their respective solicitors. 

Think of the Memorandum of Sale as the starting pistol for the legal process. It signals to the solicitors to begin their work on the transaction, acting on behalf of their clients. Typically, solicitors will exchange introductory emails to confirm their involvement before formally commencing their duties.

Mortgage application (1 month)

Don’t delay submitting your mortgage application – ideally, you’’ want to get this done as soon as possible. This is mainly due to it taking around a month for a mortgage offer (the official confirmation from the lender) to be issued after application. And, there could be scheduling delays due to mortgage valuations, which are required by lenders. 

By submitting your application early, you’ll ensure a smoother and faster selling process. The sooner your solicitor has the mortgage offer, the quicker they can finalise the transaction. Additionally, early application allows ample time to address any additional information requests from the lender. 

Draft contacts (2 weeks)

Upon confirmation that both solicitors are representing their respective clients, the seller’s solicitor will prepare and send the “Draft Contract Pack” to the buyer’s solicitor. This package will usually include the following:

• Contact of sale: The legal document outlining the Terms and Conditions of the property sale.

• Title Plan and Land Registry Details: Documents detailing the property’s boundaries and ownership history. 

• Property Information Form (TA6): A form completed by the seller, providing details about the property’s condition, history and any known issues.

• Fixtures and Fittings Form (TA10): A form detailing which items are included in the sale and which are not.

• Relevant planning or Leasehold documents: Any additional documentation pertaining to planning permissions or leasehold agreements.

Upon receiving the Draft Contract Pack, the buyer’s solicitor will meticulously review the information, identify potential issues, and prepare inquiries for the seller’s solicitor. 

Searches (1 month)

When purchasing a property, the buyer will need to invest in a search pack which costs around £300. This non-refundable pack provides information specific to the property and is valid for three months. It consists of the following:

• Local authority search: This search delves into the property’s history, uncovering past planning applications, building control approvals and any restrictions or obligations. It also reveals potential future developments in the local area, such as new roads or housing projects, that could impact the property. 

• Environmental search: This search assesses the land surrounding the property, identifying potential environmental hazards like flooding, ground subsidence, or contamination. 

• Water and drainage search: This search confirms whether the property is connected to mains water and sewerage systems, and provides information about the location of public sewers and drains. 

The local authority search takes the longest to complete, with turnaround times varying between councils. While most searches are returned within four weeks. Delays can occur in exceptional circumstances. 

Enquiries & signing documents (1 month)

The buyer’s solicitor raises enquiries based on the draft contract and searches, seeking clarification from the seller’s solicitor. 

Once both solicitors are satisfied with the due diligence conducted on the property, they will provide a comprehensive report to their clients, detailing the findings of their research. This step, often referred to as “Reporting to the Client,” marks an important milestone before the transaction becomes legally binding.

Both buyers and sellers are required to sign several essential documents at this stage:

• Sale contracts: The legal agreement outlines the terms of the sale.

• TR1 Form: A form used to transfer the property’s title to the new owner, which is submitted to the Land Registry.

• Mortgage Deeds: Documents related to the mortgage agreement. 

Some documents may require a witness signature, and certain documents may necessitate a “wet signature”, meaning they must be physically signed and cannot be emailed. Always clarify with your solicitor which documents require specific signing procedures. 

Exchange of contracts (1 week before completion)

The moment you’ve been eagerly anticipating has arrived! The exchange of contracts marks the point where the property sale becomes legally binding. It’s a massive milestone in  the process, as there’s no turning back once contracts are exchanged. 

Before contracts can be exchanged however, you must:

• All paperwork: Ensure all required documents as outlined in the previous section, have been submitted to and reviewed by all solicitors involved.

• Deposit payment: The buyer must transfer a 10% deposit to their solicitor before the exchange. This deposit becomes non-refundable once contracts are exchanged, signifying the buyer’s commitment to the purchase. 

• Chain completion: In a property chain, deposits from buyers lower in the chain are transferred upwards to facilitate each transaction. This process is managed by the solicitors, so you needn’t worry about coordinating it yourself.

During the exchange of contracts, a completion date is confirmed. This date is legally binding, allowing everyone involved to finalise arrangements like booking removals and organising logistics. Usually there’s a one week gap between exchange and completion, giving you time to prepare for your move. 

Completion and moving day

After 3 to 4 months of anticipation, you’ve finally reached completion day - the day you hand over the keys to your home. This marks the final stage of the property transaction, where the remaining funds for the purchase are transferred to the seller’s solicitor and distributed accordingly. 

Completion usually occurs between 10am and 2pm, but the exact time can vary depending on your position in the chain and the lender’s processing speed. Once the seller’s solicitor confirms receipt of the full payment, completion is officially declared. The keys are then released to the buyer and they move into the property. 

As you can probably tell, online quick sale estate agents generally offer a faster selling process compared to traditional estate agents, while also bypassing the multiple stages of conveyancing due to the streamlined nature of the online businesses. 

The pros and cons of traditional estate agents

Traditional or high-street estate agents have a long and established history, with roots dating back centuries. The first recorded estate agency, Chesterstons, was founded in 1805, long before the emergence of modern alternatives. 

Despite the rise of online estate agents in recent decades, traditional agents continue to dominate the market for a variety of reasons. Their enduring popularity suggests a certain level of trust and value that homeowners find in their services. 

But what exactly are the advantages and disadvantages of using a traditional estate agent? In this section we will cover the pros and cons of traditional estate agents:

How much do traditional estate agents cost the seller?

Traditional estate agents usually charge commission fees ranging from 0.75% to 3% of the final selling price, although 1% to 1.5% is more common. On a £250,000 house, this could mean a fee of £1,875 to £3,750. 

However, not all estate agents operate on a percentage basis, with some offering fixed fees while others advertising as “free” but have hidden costs. 

Some of the things to consider when looking at traditional estate agent costs are:

• Agreed selling price: The final selling price can impact your overall commission fee. Higher prices mean higher fees, so it’s essential to consider this when setting your initial asking price and negotiating with potential buyers.

• Multiple agents: If you choose to list your property with multiple estate agents, expect to pay a higher commission rate for shared listings. Be sure to terminate previous contracts to avoid paying double fees when switching agents.

• Additional costs: Beyond commission fees, some estate agents charge extra for advertising, marking or administrative services. Clarify upfront which services are included in the fee and which are not to avoid surprises later.

• Withdrawal fees: If you decide to withdraw your property from the market or change estate agents, some agencies may impose withdrawal fees, including a percentage of the commission. 

• Referral fees: Be aware of potential conflicts of interest when an estate agent recommends additional services like conveyancing or surveys. They might receive referral fees for these recommendations. Always ask about potential financial incentives and compare prices before committing to any service.

• Sales progression: Some estate agents charge extra for “sales progression,” the process of managing the sale from offer acceptance to completion. Inquire if this service is included in the standard fee or charged separately.

• Contract length: Understand the duration of your contract with the estate agent which can range from 4 to 12 weeks. Ensure you have the flexibility to switch agents or sell privately if necessary. 

• Accompanied viewings: If you prefer not to conduct viewings yourself, some estate agents offer accompanied viewings at an additional cost. Consider whether this service is with the extra expense. 

Don’t hesitate to negotiate the estate agent’s fee. It’s common practice and you might be surprised at how much you can save. Even if the fee seems fixed, try to negotiate a lower percentage or a sliding scale based on the selling price.

Remember, a higher fee doesn’t always guarantee better service. Choose an estate agent you trust and feel confident will represent your best interests throughout the selling process. 

Who is a traditional estate agent suitable for?

High street estate agents, with their physical offices and local presence, cater to a diverse range of customers, especially those who value personalised service and excellent local knowledge. Here’s a breakdown of who benefits most from their service:

Ultimately, high street estate agents are the ideal choice for people who want a personalised service, local expertise, comprehensive support and a trusted, established presence in the  community. They offer a time-tested approach that continues to resonate with many homeowners and buyers. But, they do not offer speed - so if this is something you need, then you may be better off exploring online estate agents, cash house buyers or even part exchange…

Selling through part exchange house scheme

House part exchange offers a seamless and hassle-free solution for selling your current property. By aligning the sale with the purchase of your new home, it ensures a guaranteed and timely transition. Eliminating the uncertainties and potential delays associated with traditional selling methods. 

There are two primary avenues for house part exchanges; New Build developers and property part exchange companies. New build developers allow you to trade in your existing property as part payment for a selected new build home. However, these schemes often come with strict eligibility criteria and limited property choices.

Property part exchange companies provide a more flexible alternative. They enable you to part exchange your current property for either a new build or an older property, expanding your options and catering to a wider range of needs. 

While the process is generally similar with both options, the specific eligibility requirements and available properties will differ. 

How long does it take to part exchange your home?

House part exchange offers a convenient way to buy a new home by trading in your existing property. While the process can be faster than selling with a traditional estate agent, the time frame varies depending on several factors. 

In general, you can expect to complete a part exchange in a matter of weeks rather than months - the process can take anywhere from 4 weeks to 12 weeks. But, there are some things which may impact this timeline:

• Developer processes: Each developer has its own procedure and timeline for part exchange. Some may be able to complete the process within a few weeks, while others may take slightly longer.

• Property valuations: Independent valuations of both your existing property and the new home will need to be conducted. The speed at which this can be arranged can affect the overall timeline.

• Legal checks: Legal checks and paperwork will still be required, although these can often be expedited in a part exchange. 

The exact move-in date will depend on the developer’s build schedule for your new hoe. However, since part exchange removes the complications of a property chain, you can often move in as soon as your new home is ready. 

How is the house part exchange process simplified?

The relationship between part exchange developers and cash house buying companies is a strategic partnership designed to further facilitate the buying and selling process, often making it even faster and more efficient, especially if the part exchange developer is unsure about the potential homebuyer’s property condition. 

Part exchange developers offer a service that allows homebuyers to trade in their current property as part of the payment for a new build home. This eliminates the need to find a buyer on the open market, avoids the risk of property chains collapsing and generally offers a more streamlined and less stressful experience.

Cash house buying companies purchase properties directly from homeowners for cash, often offering a quicker sale at a potentially lower price than the open market. This allows transactions to be completed very quickly, sometimes within weeks, all while almost guaranteeing offers once accepted. 

The part exchange developer will assess the value of the homebuyer’s existing property, and then partner with the cash house buying company, who evaluates the property and makes a cash offer to the homeowner.

If the offer is accepted, the cash house buying company purchases the property, providing the cash for the new build. This way, the homeowner enjoys a quick, hassle-free sale of their existing property. This collaborative relationship creates a win-win solution for all parties involved, making the transition to a new build home smoother and more accessible for many homeowners. 

The pros and cons of part exchanging your home

House part exchange can be a tempting option for those eager to secure a new build home quickly and without the hassle of a traditional sale. It offers a streamlined process, eliminating the need to find a buyer and navigate the complexities of the housing market.

However, convenience comes at a price. Part house exchange usually means accepting a lower offer for your existing home, as developers factor in their profit margin. Additionally, new build homes often come with a premium, even if they offer less space or fewer bedrooms than your current property. This price discrepancy can significantly impact the overall value you gain from the transaction. 

Before committing to part exchange, carefully consider the following pros and cons:

You’re in a strong position, negotiate!

It’s important to understand that developers are eager to sell their new homes quickly. They’ve invested time and money into the project and are motivated to recoup their investment. They also typically have a firm grasp on the value of each property. 

However, this doesn’t mean you can’t negotiate. Don’t be afraid to ask for a better deal, whether it’s a lower price on the new build, a higher offer for your part exchange or additional incentives like:

• Stamp duty contribution: Could the developer cover some or all of your Stamp Duty costs?

• Legal fees: Would they contribute to your solicitor fees?

• Upgrades and incentives: Could they offer free flooring, appliances or other upgrades for your new home?

If you’re not making headway in negotiations or feel the offer isn’t fair, don’t hesitate to explore other options. There are plenty of developers and properties on the market, and you might find a better deal elsewhere. Remember, part exchange is just one option - selling your home independently to a cash buyer or online estate agent and then purchasing a new build separately could be a viable alternative. 

How does part exchanging work?

Part house exchange simplifies buying a new build home by trading in your existing property. While processes can vary slightly between developers like Permission Homes, Barratt Homes and Taylor Wimpey, here’s a typical breakdown:

Who is part exchanging a house suitable for?

Part exchange is suitable for people who need speed and prefer convenience. If you need to move quickly or dislike the uncertainty of traditional estate agents, part house exchange offers a streamlined solution. 

Part exchange schemes are usually offered by new build developers, so it’s a natural fit if you’re interested in a brand new home, with better EPC ratings than older properties. 

But, you should also be satisfied with sacrificing some equity. If getting the absolute highest price for your home isn’t your top priority, the convenience of part exchange might outweigh the lower offer. 

Before committing to a part exchange, carefully consider your individual needs and priorities. Compare the offer from the developer with the potential value you could achieve on the open market, or the speed you could get with a cash house buyer.

Other options for selling my house fast

The decision to move house is never an easy one. Whether you’re feeling cramped, want to see a new city or facing financial pressures, the path forward can be complex. To help you make the most informed decision, we’ve outlined the key options and considerations for homeowners in the UK.

Multi-agency listings

Multi agency listings or agreements involve engaging several estate agents simultaneously to sell your property. The estate agent who successfully introduces the buyer and gets the sale receives the commission. Essentially, it’s like casting a wide net with multiple agents competing to find the right buyer.

Multi agency listings are suitable for people who want to achieve full market value for their property, while achieving a relatively quick house sale. The competitive nature of multiple traditional estate agents could lead to a faster sale - but you are working with high street estate agents and so still need to go through the standard conveyancing process. 

Selling privately

In today’s economic climate, many homeowners in the UK are exploring private house sales as a way to avoid hefty estate agent fees, which can range from 1% to 3% of the final selling price. A private sale involves finding your own buyer and managing the sales process yourself, with the help of a conveyancing solicitor.

In order to sell your house privately, you will need to leverage your local community Facebook groups, or property-specific groups to reach potential buyers in your area. Sharing on your personal accounts can also  tap into your existing network.

In addition to this, if social media does not yield results, consider listing your property on platforms like The House Ship, Houseladder or 4 Sale By Owner. Many offer free basic listings, with options to pay for enhanced visibility or additional services. 

While a private house sale eliminated estate agent fees, you will still need to consider:

• Energy Performance Certificate (EPC): This is mandatory and costs around £50 to £100 from an accredited assessor.

• Advertising: Optional, but paid promotions on private sale websites or professional photography/floor plans can increase your property’s appeal.

• Legal fees: A conveyancing solicitor is essential to handle the legal aspects of the sale, usually costing between £500 and £1,500. 

• Removal costs: Factor in the cost of moving your belongings, whether through a professional service or DIY. 

Private house sales offer cost savings and control over the process but require more effort and time investment. You’ll need to handle viewings, negotiations, and paperwork yourself. Additionally, without an estate agent’s expertise, you might miss out on reaching a wider audience or achieving the highest possible price.

A private house sale is best suited for those who value financial savings, have the time and confidence to conduct a house sale and have an existing network. 

If avoiding commission is a top priority, a private house sale can be a great cost-effective option. But, you will also need to be comfortable with the possibilities and potential challenges of managing the sale yourself to benefit from greater control. 

If you have personal connections or know someone interested in your property, a private sale can be a seamless approach. However, if you value convenience, maximum exposure and professional guidance than an estate agent, traditional or online may be a more suitable choice. 

Do you really need to move?

Moving home is a major life decision, and rushing into it can lead to regrets. TO ensure a smooth transition and peace of mind, it’s important to carefully evaluate whether moving is the right choice for you. While there’s no one size-fits-all answer, asking yourself some key questions can help clarify your decision:

By thoughtfully considering these questions, you can gain clarity on whether moving home is the right step for you. Remember, there’s no rush. Take your time, weigh your options, and make an informed decision that aligns with your needs and aspirations. 

Could remortgaging work?

The UK housing market is constantly evolving, influenced by factors like fluctuating mortgage rates. In times of rising rates, homeowners often find themselves evaluating two primary options: remortgaging or selling their home. Both strategies offer distinct advantages, and the optimal choice hinds on your own circumstances:

The decision to remortgage or sell depends on your situation, your current mortgage terms, financial goals, future plans and the local housing market conditions. 

If your existing rate is high, remortgaging might be more beneficial than selling. But, you will need to weigh this up against whether you want to reduce your monthly payments, access equity or eliminate debt completely. 

Equity release is another option 

If you’re a homeowner aged 55 or older, you may have equity in your property - the difference between its value and any outstanding mortgage or secured loans. Equity release allows you to access this equity without selling your home, usually as a lump sum, regular payments or a combination.

Equity release can be a helpful tool for managing debt, particularly for homeowners with limited income or facing financial pressure. However it’s important to approach this option cautiously and understand its implications.

Equity release can help with debt by:

• Easing pressure: It can relieve immediate financial stress by providing funds to address outstanding debts.

• Avoiding legal action: It may help prevent creditors from taking legal action if you’re struggling to meet payments.

• Debt reduction/clearance: You can either partially reduce your debts for easier management or clear them entirely, depending on the amount released. 

One of the important things to know about equity release is that you can still sell your house after. But, the sale proceeds must first cover the outstanding equity release debt, including any accrued interest, before any remaining funds return to you. 

Life circumstances can change, and selling your home might become necessary. You might want to move closer to family, downsize for a more manageable property or simply desire a change of scenery. Equity release can provide the financial flexibility to achieve these goals, even if you have an existing loan on your property.

What else could be impacting the speed of your sale?

While factors like pricing and property presentation undoubtedly play a significant role in how quickly your home sells, there are other, less obvious hurdles that can significantly impede the process. 

In this section, we will cover how you can set the right asking price, find the right buyer, get the best selling price and how to deal with non-standard ownership. 

Your asking price

The housing market has shifted over the past couple of years, transitioning from a seller’s market to a buyer’s market (end of 2023), and now to a balanced market (mid 2024). This change has led to a rise in price reductions as sellers adapt to meet the expectations of price-sensitive buyers.

While price reductions are a common strategy to attract buyers, it’s important not to act too hastily. The last quarter of the year usually sees a weaker market as buyer activity slows down. However, the market tends to pick up again after the holiday season.

Even in a buyer’s market, a significant portion of homes are sold without price reductions, which suggests that pricing your home correctly is crucial to achieving a successful sale. 

Setting the right asking price is key to attracting buyers and securing offers. Factors such as location, property size and unique features should be considered when determining the price of your home. 

If you’re not receiving offers within a reasonable timeframe, consult your estate agent. They can provide insights into market trends and help you adjust your strategy if needed.

But, if you’re not in a rush to sell, waiting until the new year might be a better option. The market usually sees renewed activity after the holiday season. Alternatively, you could consider using a house part exchange, house auction or cash buyer who are not swayed by seasonality changes. 

Choosing the wrong sale option

Choosing the wrong way to sell your home can be a major headache, especially when factors like property chains, seasonality and desired speed of sale come into play. If you’re facing this situation, here’s a structured approach to get your sale back on track:

Evaluation:

Clearly define why your current selling method isn’t delivering results. Is it the pace of sale, the quality of buyers or the lack of market visibility? If you can pinpoint specific obstacles. Are you dealing with a slow market, an off-season sale or a broken property chain?

Explore alternative selling options:

Refine your strategy

If you are continuing to sell your house on the open market, privately or through a property auction then you will want to ensure your asking price (or guide price for auctions) aligns with current market conditions - overpricing will deter buyers.

In all cases, make your property shine. Staging, decluttering and necessary repairs significantly impacts buyer perception. If you can, elevate your marketing too. High quality photos, virtual tours and detailed listings attract more interest. 

Consider timing & seasonality

Another one for the open marketers - adapt your expectations based on current market trends and seasonal fluctuations. Spring and early summer are generally prime selling seasons. 

Be prepared to modify your strategy if market conditions shift. Adaptability is key to addressing unexpected challenges. 

Mitigate chain break risks

Have backup buyers lined up, or alternative selling options like property auctions or cash house buyers, you may even wish to consider a rental plan if your sale collapses. But ultimately, you will need to protect yourself financially with Chain Break Insurance against potential losses.

Seek expert guidance

Discuss your situation with property experts. Here at The Property Buying Company, we are made up of three different branches: cash house buyer, online quick sale estate agent and property auction. But, any of our branches will be able to give you unbiased property advice. 

If you are facing debt, then please get in contact with a debt advice service like:

• Gov.UK

• Step Change

• National Debtline

• Citizens Advice

Transparent communication

Maintain open communication with your current estate agent, potential buyers and all relevant parties. Transparency facilitates fast issue resolution.

Cost considerations

Be aware of the financial implications of changing your selling approach. Some options like traditional estate agents may incur extra costs or result in lower sale prices. Make sure you set aside funds for potential expenses associated with adjusting your selling strategy.

By thoroughly assessing your financial situation and considering these steps, you can minimise the consequences of an initial misstep and significantly improve your chances of a successful sale. 

The type of ownership

Despite being a government-backed initiative aimed at increasing homeownership accessibility, Shared Ownership properties can face unique challenges in the housing market. Their leasehold nature often entails additional costs like ground rent and service charges can deter potential buyers accustomed to traditional freehold ownership.

Shared ownership

Shared Ownership,  a government-backed initiative, opens doors for aspiring homeowners who might find traditional routes challenging. Designed as a stepping stone onto the property ladder, it allows you to gradually purchase a stake in a home, making homeownership more accessible. 

But, shared ownership properties are always leasehold, which means the properties and inhabitants may be liable to:

• Ground rent: Regardless of the size of the share, you’re responsible for paying the full amount of ground rent stipulated in your lease. This is a regular fee paid to the freeholder (often the housing association) for the land on which your property is built.

• Service charges: Similar to ground rent, you’ll be liable for the full service charge, which covers the maintenance and upkeep of communal areas and the building’s structure. 

• Property value appreciation: While you benefit from any increase in the value of your share, it’s important to note that the smaller your share, the less you’ll gain from property value appreciation. 

As a result of this, shared ownership properties are not as attractive to all buyers as traditional homeownership. This is because they often come with restrictions and additional costs like the rent and service charges. Therefore, the pool of potential buyers is limited to those eligible for and interested in Shared Ownership schemes.

Not only this, but valuing a shared ownership property can be complex. It involves assessing the market value of the share being sold, as well as considering the terms of the lease, rent and service charges, which can lead to disagreements between the seller and potential buyers over the property’s true worth. 

But, most importantly, if the current owner has not staircased to 100% ownership, the process of finding a buyer who is also eligible for Shared Ownership and willing to take over the remaining share can be time-consuming and challenging. 

If you own 100% of your Shared Ownership home, or if the nomination period has passed, selling on the open market is generally the best option for maximising your sale price and reaching a wider audience.

However, if you don’t own 100%, selling through the Housing Association can be a simpler and potentially faster route, especially if you are not in a rush. 

Over 55’s

The Older Persons Shared Ownership (OPSO) scheme is designed to help individuals aged 55 and over achieve homeownership in a more affordable and flexible way. It allows you to purchase an initial share of an OPSO home (between 10% and 75% of its market value) and pay rent on the remaining share owned by the Housing Association. 

OPSO operated similarly to the general Shared Ownership scheme, with a few key distinctions in that there is a maximum ownership cap and there is a rent exemption for over 80’s.

You can only buy up to 75% of your OPSO home. However, once you reach this threshold, you are no longer required to pay rent on the remaining share owned by the housing association. Similarly, if you are over 80 years old, you don’t have to pay rent on the remaining share, regardless of the percentage you own. 

Older Persons Shared Ownership properties while offering certain benefits, are often not considered as desirable as traditional homeownership options for several reasons:

• Limited ownership & control: A major drawback of OPSO properties for some is that even with staircasing, you never achieve full ownership. This means being subject to the Housing Association’s rules and potentially having less control over decisions like renovations or subletting.

• Ongoing costs: While the initial purchase may be affordable, ongoing costs like rent on the remaining share (unless over 80) and service charges can add up and potentially increase over time. This can be unpredictable and less appealing than a fixed mortgage payment.

• Resale restrictions: Selling an OPSO property can be more complicated than a standard sale. Restrictions on who can buy and the Housing Association right of first refusal can deter some buyers.

• Perception: Some may perceive Shared Ownership, including OPSO, as a less desirable form of homeownership. Which can affect the property’s perceived value and make it less attractive in the long run.

• Eligibility requirements: The age and income restrictions for OPSO can exclude potential buyers who might otherwise be interested in the property, just because they are not over 55.

When looking for the perfect buyer for your Over 55’s home, you should consider targeting retirees, individuals over 55 with limited savings or people seeking a supportive community. This could be done on Facebook groups, or via the Housing Association itself. Similarly, some cash house buyers may specialise in purchasing Shared Ownership properties.

Sell my home fast, why we are the best choice

The fastest way to sell a house fast would be to sell through us, we can sell your house in as little as 7 days. We make the house selling process go as fast as possible while you still get a fair cash offer.

We will help guide you step by step through the selling process with our amazing property consultants that have years and bundles of experience under their belts.

Through years of working in the cash buying industry we have fine tuned our process to make it as simple and straightforward for you as possible. Unlike some of our competitors, we are not just a lead generation company, we will genuinely buy your house directly with our own cash reserves. 

If you are worried about receiving a low cash offer, we can guarantee that although ours will be below market value, they will be honest and as competitive as they can be in the current market. We do a lot of checks in the background to ensure that your cash offer has been created using accurate market data and fairness. 

Furthermore, we are the UK’s most rated cash buyer with thousands of positive reviews, and thousands of happy customers.

How do we compare to estate agents

When you need to do a fast house sale, it’s natural to wonder if you’ll get as much money as through an estate agent. While our cash offers may be slightly below market value, there are hidden costs to consider.

Traditional estate agent sales can take months, meaning more mortgage payments, bills and upkeep. These costs add up! We can buy your house in days or weeks, with a guaranteed cash offer. No waiting, no unreliable buyers. 

If a quick, hassle-free sale is your priority, these benefits often outweigh a slightly lower price. Get your free cash offer today and see if it’s the right solution for you!

The Property Buying Company vs Estate Agents

When you factor in the time, hassle, and hidden costs of selling via an estate agent you might be surprised how close our ‘sell house quick’ offer actually is. Sometimes, it might even put more money in your pocket overall!

Even knowing the costs of time, many people still default to using an estate agent. It’s the familiar way, right? But the truth is, it often leads to frustration:

• Overvaluation delays: Estate agents sometimes inflate prices to win your business ,making your property sit on the market longer.

• Price drops: You might end up having to reduce the price anyway to get genuine interest.

• Wasted effort: All those viewings and negotiations can be exhausting, with no guarantee of a sale. 

Doesn’t a faster, more certain approach sound appealing? Get your cash offer today to see if it’s the solution you need.

Reasons to sell your house fast

Are you facing a problem property that’s keeping you stuck? Whether it’s extensive repairs, financial difficulties, inheritance complications or a frustratingly slow open market sale, we’re here to help. 

As a leading UK “we buy any house” company, we specialise in finding fast and stress-free solutions for homeowners in challenging situations. Here are some of the reasons why you may need to sell your house fast:

Our sell house fast hub

Have questions about our sell house fast service? We’re here to help! For specific situations or detailed explanations, check out our content hub:

Before making any decision on selling your home, whether it be through a traditional service, or a quick house sale service such as ourselves, you need to explore all your options and ensure you are fully informed before jumping in.

We’ve created a quick checklist that will help you determine whether a sell house fast service is a good option to explore for yourself, and how to evaluate that.

Property valuation

• Make sure you know what your property is worth. We’ll provide you with a valuation, which we always try to be as accurate as possible, but you should try to do as much research as possible so you fully understand your property's value.

Independent bodies

• When searching for quick house sale companies, ensure they are a member of the National Association of Property Buyers & The Property Ombudsman. Don’t just trust a logo on their website, check on the independent bodies members pages.

Understand agreements

• Make sure you read and understand any agreement sent to you carefully. We don’t hide anything in our agreement that we haven’t informed you of, but you should always check yourself before signing.

Be honest

• You need to be prepared to be honest with us, and any fast sale service for that matter. A lot of the initial valuation and offer process is done based on information we can find out about the local property market & the information you provide us about the property. If you’re not honest about its condition or anything that’s happened with the property, it’ll just lead to disappointment for both parties.

Property survey

• We order a survey on your property when we’re buying it. At this point, sometimes depending on the results we may have to re-adjust our offer, but please by all means request to see the survey yourself to determine if any alterations are fair.

Log communications

• Keep all written, emailed and phone communications logged. We keep track of everything, and you can always request information, but ensure that you keep a log of all the conversations you have with the given company, just in case, it’s good practice!

Your sell house quickly frequently asked questions

Have questions about selling your house, the current market, or our services? Browse our Sell your house fast FAQs below to help you navigate the process, make informed decisions and achieve your goals.