Three Main Ways to Sell Your Property in Cheltenham Quickly

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Are you considering selling a home or property? The Cheltenham property market is in a strange position, with few buyers due to high interest rates and few sellers due to marginally falling prices. Yet that does not mean it is not a good time to sell. If you want a quick sale, it is still possible. Below, we discuss the best way to sell your house fast.

Cash Buyers

The first option is to consider cash buyers. You can advertise the property as you normally would and hope cash buyers come along. However, this is unlikely unless the property is a low-value buy or needs renovation. Many cash buyers don't live in properties but will renovate them to sell later at a profit. Therefore, they are looking for a specific type of home or one that has quite some value off the asking price. 

Plenty of companies will be available to make you an offer and all you need to do is make a phone call. These cash house buyers will make a guaranteed offer and as they have the process in place, can have the sale turned around in under a week. While you won't get the largest amount, it is a guaranteed way to sell quickly. This can be an option if you have inherited the property or need capital for another investment. 

Make sure you contact a few cash buyers before making a decision. Check their ratings on review aggregators like Trustpilot. Finally, ask them to give you examples of homes and customers they have bought from before as testimonials. 

Auction Houses

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Second to finding a cash buyer in terms of speed is approaching an auction house. There are plenty of property auction houses in Cheltenham that will be willing to put your property up for sale and you can expect the process to take around eight to twelve weeks. Of course, auctioning a property does come with some risk, because you may not get the amount you want. 

You should also be aware of the fees auction houses add on. Very often, this can equal or be greater than that which you would pay for an estate agent. With similar turnaround times, auctions are mostly recommended for properties in need of repair and renovation which may not be suitable for the average mortgage buyer. 

Estate Agent

Also taking around eight to twelve weeks to sell your house is the estate agent option. The traditional estate agent route will involve a fee that is taken from the sale. Never underestimate the value of an estate agent in the process as their expertise and contacts can be invaluable. 

Tell them you want a quick sale and discuss a price. Then, let them know how much you would be willing to take off the price if an offer came in. As commissions are percentage-based, it is in their interest to get the best blend of speed and price. They may have contacts they can reach out to and they will be the first point of call for anyone looking to buy. 

One of these methods will suit you. While the market in Cheltenham is slow, it is predicted to pick up in the next year and now is as good a time as any to sell.

 

 

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