What is the swiftest option for selling your house or flat located in Kensal Rise?
When you are prepared to sell your freehold or leasehold property in London, you will typically have to choose among selling via an auction, using an estate agent, selling to a fast home buyer, or trying to find a buyer on your own. There are pros and cons to each approach, depending on your unique wants and needs when selling, and the average timelines also vary significantly.
With an auction, you’ll choose a reserve price for your home, which is the lowest value that you’re prepared to sell it. People will then have the chance to place price bids on the property, and a bid at the reserve price is deemed a legally binding agreement to purchase your home.
This can be a fairly slow way to sell a home, because there will be a wait of several weeks between the day on which you list your flat or house for sale and the day on which the auction occurs. Even if your property sells at the auction, the winning high bidder will then have an average of 28 days to complete all of their required steps for finalising their purchase.
If you home sells at an auction, you’ll also have to pay fees often based on your property’s final sale price. It’s possible that you might be able to pass on the obligation for paying some costs to the winning high bidder, so it’s aways worth asking individual auction houses whether this might be possible with the sale of your house or flat.
Like auctioneers, estate agents will handle most of the work required to sell your home, including advertising the property and organising viewers for anyone interested in potentially making an offer on it. To pay for this work, they will charge fees often based as a percentage of your property’s sale price if they’re successful in finding a buyer for it.
There is no guarantee about when your flat or house will sell this way, and it’s not unheard of for some properties to remain on the market for more than 12 months without receiving a serious offer. That makes using an estate agent sometimes a very slow way to sell a home, which is far from ideal if your top priority when selling is to find a buyer in the fastest time that you can.
And there can also be some other drawbacks with using an estate agent, including the fact that many homeowners find the required viewings to be very intrusive and time-consuming. Some estate agents might also give you an excessively high estimate of your home’s sale price just to secure your business and the commission that you would have to pay them for selling the property, even if they know that your house or flat will only sell at a much lower value.
Fast buyers are companies like LDN Properties that can make quick and fair offers to buy almost any type of home in London and beyond. We have experience buying properties in Kensal Rise, which is part of the Brent borough in west London, and is notable for being the location of a railway station that opened in 1873 and helped spur development in the area.
We’ve got the financial ability to immediately buy your home, so there’s no waiting for many weeks or months for us to first get approval for a mortgage to complete the sale. This means we can complete the entire process of purchasing your freehold or leasehold property in just a few short weeks, and that includes paying you the proceeds and exchanging contracts.
In addition to a speedy sale, we promise to never charge you any fees, so you’ll get to keep all of the money from selling your home. That compares very favourably to using an estate agent or auctioneer, because those two methods will impose fees that are taken out of the sale proceeds.
And we’re able to purchase practically any type of property, including those that might have physical flaws like subsidence or dry rot, or have some other feature that a private buyer could consider to be an insurmountable problem, such as being located close to a noisy airport. We won’t be discouraged from making an offer on such properties, and we also promise that you’ll receive a competitive price from us regardless of any potential issues with your home.
This can be perhaps the slowest method of selling your home, and it can take many months or even longer than an entire year. That’s because you’ll have the responsibility for every step of the process, and the amount of time, money and effort it will require can be very stressful.
The only obvious benefit of selling this way is that you won’t have to pay any fees to a third party, like an estate agent, for finding a buyer. However, it’s possible to get this exact same zero-fee outcome but with no stress when you sell your home to a fast property buyer.
