5 ways to speed up the sale of your property
If you are looking to sell your property, selling your home quickly will be of benefit. You don’t want to engineer a fast sale by lowering your price but there are ways in which you can make a quick sale more likely without negatively impacting on yourself. Here are 5 ways to speed up the sale of your property.
Instruct your solicitor as early as possible
The earlier you appoint a solicitor and instruct them to prepare contracts for the sale of your home, the better. It is advised that as soon you find an estate agent you are happy with and have instructed the, you should look to appoint a solicitor. It may be that your estate agent can recommend a solicitor or you have received a recommendation from friends or family members. However you find out about a solicitor you can rely on, appoint them and allow them to get a head start on preparing the contract that will help sell your home at a faster rate.
Stay on top of paperwork and administrative duties
There is a lot of paperwork involved with property deals and you want to make sure that you have everything you need in place before it is called on. This is a time to be proactive, and you can save a lot of time by ensuring your paperwork is in place.
You should also feel free to remind other people in the deal or arrangement about the importance of maintaining their paperwork and ensuring it is ready in good time for the deal to go through. It is important to not be overly pushy when it comes to dealing with others but equally, you cannot let deals linger on because other people aren’t playing their part. In the long run, someone taking a control of the situation will be of benefit to all parties.
Ensure your finances are in place
While the most important aspect when it comes to finances in a property deal is the buyer having a mortgage in place, there are many costs involved with the seller (even without considering a seller may be buying a new home). If you are looking to conclude deals quickly, ensure your finances are in order and that you have sufficient funding to pay for solicitors, estate agents and cover the costs associated with selling your home.
If you are able to meet these costs quickly, you’ll find that selling your property should be a faster process.
Provide answers and be open
When it comes to moving deals along quicker, it will help to put the buyer at ease. It is likely that the buyer will have many questions about the property, area and the deal and if you can answer these questions quickly, you’ll improve the likelihood of concluding the property deal at a faster rate.
This means you should make yourself aware of facts and statistics of the local area, you should refresh your memory of what the local area can offer and you should be able to provide information about your property. If you can answer questions quickly and honestly, you’ll find that selling your home becomes a much simpler process.
Try to keep the chain as short as possible
If there is a lengthy chain involved with selling your property, you may find the deal takes longer to conclude and there is a greater risk of the deal collapsing. If you have an option between potential buyers, opting for the one that is in a smaller chain can help speed up the process. Some sellers are also attempting to shorten the chain by renting property for a spell at the conclusion of their deal as opposed to buying and creating a chain.
Your personal circumstances may impact on your ability to achieve this but it is something worth considering.
When selling your home, there will be legal matters and requirements to consider which will take time to conclude. However, by following these steps you should be able to speed up the property selling process.