Can I Sell My House Fast for Market Value?
As a result of the decision to leave the EU combined with the rollout of the furlough scheme to combat the COVID-19 outbreak the UK economy has been left in the gutter, with many industry watchdogs warning that the worst is yet to come.
Before the days of lockdown and working from home, there were large numbers of homeowners both in the process of selling their house or considering selling their house. Those who were able to complete a sale before the lockdown came into play considered themselves very lucky, as statistics have shown a telling fall in the number of successful mortgage applications and a massive slowdown of new properties coming on to the market.
The ability to sell a home for a decent price will always depend on various factors. This can include the time of year it is listed, the overall presentation of the home, the desirability of its location and, of course, the state of the property market and economy.
For years, austerity measures have led to fewer people than ever being able to build up their finances to buy a house, and these numbers continue to dwindle. So, for those hoping to sell, the future seems bleak.
During these times, selling a house for market value can be extremely difficult unless it is unique in some way. The strength of the property market has always been supported by the confidence of the house-buying public, and their growing discontent in Boris Johnson’s ability to be Prime Minister has begun to show.
Across the country, vendors whose house are still listed in estate agent windows and on internet property portals such as Rightmove are being advised to lower their asking price if they want to find a buyer in a hurry, or consider withdrawing it from sale completely.
Those who wish to sell their house for market value are advised to wait until the future of the economy is clearer if they wish to sell via the traditional process. Unfortunately, this is likely to be after December 31st, 2020, after which the transition period of Brexit is ended, and the Pound is likely to fall to its weakest level for over 20 years.
Of course, while market value may be unattainable for many homes at the moment, there are still ways of selling your home fast. These methods can include auctions, private selling at low prices, or consulting a property buying company who can provide you with a no-obligation quote for any house, anywhere.
Unfortunately, the compounding issues facing the UK show no sign of relenting as we head towards the New Year and so many homeowners who need to move are simply choosing to rent their homes out, with the hope that they will be able to earn more from a sale sometime in the future.
Are you interested in selling your house for cash? Why not ask National Homebuyers for advice, as we buy any house. Call 08000 443 911 or request a call back to find out how much you could get for your property before it’s too late.