{"id":67,"date":"2016-09-19T07:42:13","date_gmt":"2016-09-19T07:42:13","guid":{"rendered":"http:\/\/springbokproperties.co.uk\/blog\/?p=67"},"modified":"2024-10-25T14:39:56","modified_gmt":"2024-10-25T14:39:56","slug":"sell-your-house-for-100-market-value","status":"publish","type":"post","link":"https:\/\/www.springbokproperties.co.uk\/blog\/sell-your-house-for-100-market-value","title":{"rendered":"Sell your house for 100% market value: Expert tips for a quick sale"},"content":{"rendered":"

Are you wondering, \u2018How much can I sell my house for?\u2019 or perhaps, the question \u2018How can I sell my house fast<\/a> without compromising on value?\u2019 is keeping you awake at night. <\/span>
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\n<\/span>The good news is that with the right approach, it\u2019s possible to achieve a sale at 100% market value. In this article, we\u2019ll break down what market value means, explore how you can sell fast, and address some key questions about selling a house in the UK.<\/span><\/p>\n

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Understanding market value of your house<\/b><\/h3>\n

Before you embark on selling, it\u2019s essential to understand the concept of market value. Put simply, market value is the amount a buyer is willing to pay and what you, the seller, are willing to accept. The figure can fluctuate depending on various factors like negotiation skills, local demand, and even the time of year. Market trends, incentives offered, and other influencing factors can all affect the final price.<\/span><\/p>\n

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So when you ask yourself \u2018What is the full market value of my house?\u2019, remember that this figure is based on the condition of your home, comparable properties in your area, and buyer interest. But it’s crucial to stay realistic. While your goal may be 100%, achieving the maximum price will depend on making informed decisions throughout the process.<\/span><\/p>\n

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Three key factors that determine how fast and how much you sell for<\/b><\/h3>\n

Let\u2019s dive into the key components that will help you sell your house fast<\/a> for 100% market value:<\/span><\/p>\n

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1. Accurately pricing your property<\/b>
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To get top value, you need an accurate valuation of your home. Websites like Rightmove, Zoopla, and NetHousePrices are excellent for comparing recent sales of similar properties in your area. They offer historical data on houses that match your property\u2019s size, location, and condition.<\/span><\/p>\n


\n<\/span>Now, a frequently asked question is: \u2018Can I sell my house cheaper than market value?\u2019 The answer to that that is, well, yes you can, but it’s typically not advised unless you have specific personal reasons; such as selling to family. <\/span>
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\n<\/span>In situations where you\u2019re selling to family so as to avoid paying care home fees, you may find that your plan backfires.<\/span><\/p>\n

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Selling a large asset (i.e. a house) for what is an obviously knocked down price well below the market value would be seen to be a \u2018deliberate deprivation\u2019 of your assets. As a result, the sale would be disregarded, and the property would still be considered to be your asset and you would remain liable for care fees.<\/span><\/p>\n

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And it gets worse. Your local authority \u2013 which would otherwise be funding your care \u2013 could try to have your house sale overturned and there\u2019s no time limit on them taking action in these matters, so it wouldn\u2019t matter if years had passed since the sale of your house to your child.<\/span>
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\n<\/span>That aside, and assuming you\u2019re not trying to sell your house to get out of paying care fees, it\u2019s fair to say that whilst under pricing may lead to a quicker sale, it does come at what can be a significant financial loss for you.<\/span><\/p>\n

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2.Target timeframe<\/b><\/h3>\n

Timing is everything. Consider how soon you’d like to have a sale agreed upon and when you aim to exchange contracts. In the UK, the average time for a property to sell on the open market is between 60 to 80 days. However, this can vary greatly by region and can even stretch longer. And the longer a property stays on the market, the more difficult it becomes to secure 100% market value.<\/span><\/p>\n

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For those who need to move faster, working with companies that specialise in quick property sales, such as Springbok Properties<\/a>, can reduce the sale timeframe significantly \u2013 often to within 30 days \u2013 while still aiming for full value.<\/span><\/p>\n

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3. Method of selling<\/b><\/h3>\n

There are various ways to sell your house in the UK. You might be considering selling through a local estate agent, online estate agent, or a house buying company. Each method comes with its own pros and cons:<\/span><\/p>\n