Beyond Origins the Discussion

How Can I Get A Purchaser To Buy My House Quickly

September 10th, 2008

Many of us have been in that most tormenting of situations pertaining to a house move: We see a dream Property that we would like to own, but like everything in demand, there’s competition from other Purchasers, and it seems like the only chance to get that Property is to offer the full price, and then just hope that we can attract a Purchaser for our Property before any of the other potential Purchasers succeed to sell their Homes. That’s a fairly unsatisfactory state of affairs, as it gives you no power over your destiny.

Of course you could look at taking out a bridging loan, but in the present difficult economic circumstances, that’s going to be hard to set up, and it’s also likely to be highly dear. In addition to that, it’s an open ended commitment. You’ve no real idea how long it may take to sell your current property, and even less idea about how interest rates will rise and fall before you ultimately make that sale. The risks are potentially gargantuan.

Luckily, there is a different path through this apparently impenetrable maze. Instead of continuously going around in circles focusing on our own apparently insoluble quest for a buyer to buy my house quickly, we should concentrate on the needs of the seller of the Property we want to buy.

Ask just about anyone who’s selling a Property what they’re looking for, and the answer in the overwhelming majority of cases will be.. guess what.. “a buyer to buy my house quickly” or “Cash House Buyers now!”.

So now you’ve cleared your thoughts and understood that you both want the same thing, but what can you do about it? Well, what about this for a plan? Go and talk to the seller and ask him how much he’d be ready to drop his price in return for a completion within 2 weeks. In fact, put a price in his head. What about a twenty percent discount?

Now before you dismiss this as madness, just think for a moment. We’ve already established that your seller wants exactly the same as you do. He’s maybe also under pressure to complete on his next Property, and he won’t want to miss that one any more than you want to miss the opportunity to buy his Property.

OK, you might not get a twenty percent discount, but if you can get your seller to do the same to his seller, and accept that it’ll cost him a few percent to achieve the move he wants, then you’ll perhaps get him to lower his price by 10% – 15%. Remember this is for a completion within 2 weeks!

If you do manage to get a deal like this you can then afford to call in the Cash House Buyers who specialise in facilitating Fast house sales. Cash House Buyers usually pay about twenty percent less than your Property valuation, but you can offset the fact that won’t have to pay for a H.I.P., nor will you have to pay Estate Agents Fees, nor the open-ended & expensive commitment to a bridging loan. Finally you’ll most likely get a considerable discount from your seller to close the gap still more, especially if your seller follows your example & concludes a similar deal with his seller.

Entry Filed under: Real Estate