Are you looking to sell your flat quickly?
If so, you will want to ensure the whole process goes as smoothly and quickly as possible.
Selling any property can be a minefield, and you may be left wondering, “what are the ways I can sell my flat?” or “how do I sell my flat if it has a short lease?”.
Here at Gauci & Magri, we have tried to make this process easier for you by creating a guide on selling your flat to make sure you make the correct decision.
What Are the Different Ways to Sell My House?
The most general way owners have sold their flat has been through a high street estate agent. However, this is not the only method. There are different routes you can take, so we have broken down the options:
- Privately sell your flat
Also known as the “open market”, private selling is one of the most common methods. This works by advertising the flat with an estate agent, hosting viewings, or open house events for potential buyers who can submit an offer. Once you accept an offer, a contract of sale will be drawn up and both parties will have to instruct their solicitors to ensure the legal exchange and completion of contracts. Once everything is signed the flat will be owned by the buyer and you will have to pay the agreed fee to an estate agent. This is often a small percentage of the property’s sale price.
- Auction your flat
An alternative that not many people consider is to take your flat to auction. Auctions can be a really useful tool, particularly if you’re selling a property that needs repairs or if you want to sell your flat quickly. You can find all the information you need to know on our page about selling a property at auction.
- Part exchanging your flat
Part exchanging your flat is another option you have if you are looking to buy a new build property in return. Although it seems like an appealing prospect, you should be aware that they will typically only offer you between 65-70% of your property’s value in exchange for taking away a lot of the hassle of selling. Want to find out more about part-exchange?
If you have an unusual property that is going to appeal to a large number of people, you could enter your property into a raffle. However, this is a risky way of selling your home and it is unpredictable how much your house would be bought for. You may have seen in the press, but essentially this method is to sell raffle tickets at a set price and the randomly drawn winner gets the property.
- Quick cash sale companies
We are one of many companies in Scotland that will buy your flat for cash quickly, but we’re one of the few that have our own cash facilities. The way this works is that generally, we will offer you below market value for your flat, but in return, we can purchase your property in as little as seven days. This allows you to fix situations such as chain breaks, help you move for a great work opportunity or stopping your flat from being repossessed.
Useful Tips To Help Sell Your Flat Quickly
If you are looking at trying to get a fast flat sale, then we’ve put together some useful tips that may help you achieve your goal. Naturally, as you live in the property there is general wear and tear, so just making some minor improvements may be the difference between getting that coveted sale.
- Modernise where you can
It’s all about your budget, but you should try and carry out improvements where you can. A new kitchen or bathroom can massively help the appeal of your house, but they are also two of the most expensive things to replace. Updating things such as doors, windows, fixtures and fittings would add a lot of value to your property and get a quick sale.
- Choose neutral colours
When you’re selling your property, you need to consider that not everyone may like your taste in colours. Go for light and neutral colours that are safe, as this will provide an appealing blank canvas, fresh look and even make your property feel spacious.
- But don’t go too neutral!
It’s all about striking the right balance, you want your flat to appear lived in and homely, so you need to leave in a few personalised touches or effects. Neutralising everything could make the flat appear like it hasn’t been lived in.
- Make the property presentable
Now, this seems like an obvious one, but before every viewing, you should always clean and tidy your house to make it as presentable as possible. Get rid of any of the clutter, mould or dust and maximise the space in your flat.
- Repair any damage to the walls
Polyfilla is amazing. Re-plastering is a very expensive thing to do, especially if you’re going to do the entire flat, a more affordable option may be to fix some of the issues yourself. Using Polyfilla, you will be able to fill in any small holes or cracks across the home to make it look more appealing.
- Get rid of any smells or odours
Do you smoke or own pets? Then you’re going to need to try and remove any odours before showing potential buyers around your home. Having a strong odour can immediately put people off a property, but it’s an easy fix. Buy some air fresheners, put some shake and vac down, hoover the carpets and sofas, and air the property out by opening windows.
Selling A Flat With A Short Lease
It’s becoming increasingly important for people to buy flats with a longer lease; if you’re trying to sell a flat that has a lease under 99 years then chances are you are going to be asked to extend it. This is due to some mortgage lenders not offering mortgages on leases under 80 years and lease extensions increasing in price.
For those reasons, it can be extremely difficult to sell your flat if you’re on a short lease, so if that is the case and you are struggling to get your lease extended, you may want to seek alternative options for selling your flat.
How fast can we buy your flat?
We buy flats in exactly the same way as we buy houses, which means we can buy your home in the same time frame. If you’re looking for a quick solution we can offer that, and we typically quote that we can buy your flat in 7 days but the truth is that we can buy it as quickly as you want as we have in the past bought within a 24-hour timeframe, but we can often operate a bit too quick and our average turn around time is 2 weeks.
So the answer to the question is we can buy your flat in a timeframe that best suits your requirements.
Pros & Cons of A Quick Flat Sale
|✔ Get cash for another investment||✖ Pick a trusted company that won’t add any fees later in the process|
|✔ Move elsewhere quickly, without having to wait for an open market sale||✖ Some companies will try and trick you into accepting a lower value|
|✔ Free up money for retirement||✖ Be careful, some companies have tie-ins which means a customer can’t sell their property elsewhere|
|✔ Fixing a chain break|
|✔ Sell due to a relationship breakdown|
|✔ Fast and fair service|
|✔ All legal fees included|
How does our quick flat sale process work?
Selling your flat quickly couldn’t be easier. Our flat buying process is simple and quick, all you have to do is follow these steps:
- Answer a few easy questions about your home, such as how many bedrooms the property has
- Enter your contact details
- We’ll get in touch and after a quick discussion about the property condition we’ll be able to provide you with an initial offer
- If you’re happy with this figure as a ball park, we’ll send a regional manager to your property
- The offer will be finalised
- If you agree – we will cover all your fees & complete the purchase of your flat in 7 days
Why Sell Your Flat To Us For Cash
There are several reasons that you may want to sell your flat for cash, some of the situations that we commonly get queries about include:
- Chain break
- Stopping House Repossessions
- Emigration or moving to another part of the country
But there are several sell house fast companies out there, so why choose us? Here at Gauci & Magri we will buy your flat for cash, cover all the costs and complete everything in a timescale that suits your requirements. Our experienced team guide you through every step of the process making it as quick and seamless as possible.
How much will we buy your flat for?
We’re completely honest and transparent from the start, and we’ll be the first to tell you that we can’t offer you the full market value for your flat. The figure we typically offer is around 80% of the true market value of the property, but this depends on a variety of different factors and we can sometimes achieve more, or less, depending on the property. The best way to find out exactly what we can offer you is just to have a quick conversation with us in which we can go through the flat in more detail and provide you with a more accurate initial figure.
Where do we buy flats?
Our flat purchases we treat just like any property we purchase, which means it falls under the same areas that we can cover. If your flat is based in Scotland we will look to buy it.
Why Choose Us?
Are you looking for an easy and convenient way to sell your flat? Then we are the right option for you. We’re more than just your standard house buyer, and here’s why:
- We have our own cash facilities so we don’t rely on any external lending like other house buying companies, meaning we can move quickly
- We cover all the costs for you, including solicitors!
- We can complete in a timescale that suits your requirements
- You don’t have to pay estate agents fees, the time you save from a traditional sale you will also be saving on council tax, utility bills and your mortgage payments
- We help you throughout the whole process with experts on hand to talk you through every step, we can even help with your onwards move
How do you value my flat?
We use a variety of online tools to research your flat and its local area which we use to determine an initial valuation. We will then need to send our one of our Acquisition Managers to come and see the property to assess the condition is as described, which we will then submit our offer.
Are there any extra fees or charges to pay?
No, we cover absolutely everything for you, what we offer you is exactly what you will get.
How quickly can we buy your flat?
Typically we can complete in 7 days, although we have been able to complete in tighter timescales than this in the past. That being said our average time for completion is between 2-3 weeks. We can work around your requirements!
My flat is in bad condition, will you still buy it?
Yes, the condition of the flat may impact the value of your property, however, we will still buy it.
My flat has a short lease, will you still buy it?
Yes – it makes the whole process a little more tricky, but we can still buy your flat if you have a short lease, although you may want to extend it if you can to achieve a higher value.