How Do I Sell My House in One Day?

If you’re getting your property ready to sell quickly, you’ll obviously want the sales process itself to go as smoothly as possible.

It often takes up to 6 months to complete a sale from the time a property is listed through an estate agent. This is a very long time for a busy person or if you’re in a pressing situation or want to save money as a result of an unnecessarily prolonged sale.

In this article, the fast home buying team at Property Solvers discusses whether it’s genuinely possible to sell a property in just one day…

One Day – Can I Really Sell My House That Fast?

The reality is that it’s very difficult (if not impossible) to complete on a house sale in 1 day.  This is due to the fact that UK property is a highly illiquid asset class.

Unlike stocks and shares – which can often be bought and sold by a click of a button – the sale of a house or a flat requires a concerted effort by all parties involved to get things done.

There are a series of legal processes to be followed before exchange and completion, further complicated when mortgage finance is involved.  This is not to mention the range of practical considerations when moving home.

However, below – in order of fastest to slowest – are three options that could get you close this timeframe…

Approach a Fast Cash Home Buying Company

The “sell house fast for cash” industry has grown in popularity in recent years.

Essentially, you cut out the middleman and all the associated hassles that come with a conventional open market property sale.

This means there will be no estate agents, time-wasted viewings, extensive surveys, risks of chain breaks / buyers dropping out, extended negotiations or other silly games.  What’s more, as the purchase is with 100% cash, there are no mortgage companies or other third parties involved.

Property Solvers, established in 2005, is the UK’s leading firm in this industry.  We buy properties in any condition and can exchange contracts in as little as 24-48 hours.  This means that it’s entirely possible for you to receive a cash advance for your house in one day.

After exchange (and forwarding any cash advance), we can then complete the sale in the following 7 days or whenever suits your particular circumstances.  At this point, you’ll receive the full price for your property.

Property Solvers Sell House Fast Process

• We are 100% cash buyers and do not rely on external finance.  This enables our team to move much quicker than any other property buying company in the UK;
• Upon first contact, we will have a discussion about your property and can come back to you within an hour (often less) with a “subject to viewing” offer;
• Our extensive network across the UK means that we can visit the property on the same day or within 24 hours at the latest;
• Upon viewing the property, we will confirm our offer and can get things going within very short timeframes;
• We will pay for all your legal fees and usually recommend that you use our nominated solicitors.  We have worked with them for over 20 years to complete on house sales quickly and efficiently;
• As it’s a direct and private sale, there will be 0% estate agency fees;
• The amount we offer usually equates to up to 75% (or more) of the property’s fair market value;
• We can help you complete the legal pack and associated documentation when at the viewing. You can then leave everything to our sales progression team;
• We’ll then hand deliver or fast courier the documentation to the solicitors;
• The solicitors we use can assess the legal aspects in a few hours and draft contracts for signature.  Where necessary, we will pay their extra conveyancing fees should they need to work overtime;
• We can usually protect ourselves against any risks by taking out insurance policies, meaning we can fully guarantee the quick house sale;
• Property Solvers have 2 decades of experience in fast property buying.  You can rest assured that you’re in very safe hands;
• As long as the property is empty and ready to vacate within a week, we can complete the sale within this timeframe.

Use an Auction House

Arranging for your home to go to auction, whilst being a popular way to sell property fast, is highly unlikely to result in a 1-day sale.

Firstly, the auction date itself may be some way in the future. The bigger auction houses, for example, have clients waiting for weeks (or even months) to agree on a date.

We also always strongly recommend that clients have a legal pack in place or risk receiving lower offers.  However, as long as you and your chosen solicitors are proactive, these documents can be organised in a few days (bar unusual circumstances).

When the highest bid is placed and accepted on your property at the auction event, you and the buyer will automatically enter into a legally binding agreement. This means that they will now be obliged to come up with the cash and complete the transaction. It’s essentially a legal exchange of contracts, right then and there.

A deposit – usually 10% – is payable on the day itself. After that, the buyer will usually have 20 business days to pay the rest. The sale will be complete, and you can move on quickly and easily.

Remember also that you may receive pre-auction offers for your property.  Provided you’re happy with the price, this means that you can get going on the sale earlier.  If you find yourself in this situation, ensure that the solicitors are aware that the sale should proceed under auction conditions to avoid any unnecessary delays.

What About Online Auction?

Although it would still not be possible to sell in one day, online auctions are arguably a better option for those looking for a speedier process.

This is because you do not have to wait for your property to appear in the auction catalogue.  Here at Property Solvers Online Auctions, for example, we can get properties listed in 24-48 hours provided we can get access to the property for photos, floorplans etc.

Of course, there is always the chance that none of the bids meet your chosen reserve price. If this is the case, you can still sell your property fast by agreeing on a deal with a buyer independently. However, you may not want to sell it for a lower amount.

Furthermore, there may be no takers for this arrangement. In this case, you may have to re-list your property for a future auction or take another route.

This is a potential risk inherent in going to auction. However, the majority of the time, this method presents an ideal solution for those looking into avoiding the hassles and lack of buyer security that comes with an estate agent sale (without compromising too much on price).

Agree to Sell Privately

Another potentially quick and easy process is to independently seek out potential buyers yourself.  Again, although often faster than using an estate agent, you’ll rarely be able to sell in 1 day using this channel.

To get the best outcome from a private sale, you can use social media, word of mouth and other approaches. If you know of someone who is looking for a property like yours in your area, you may be able to come to a quick and easy agreement.

You can then instruct your respective conveyancing solicitors and make the whole thing legally binding.

Naturally, it is rare that things are ever that simple. Selling to a family member, friend or acquaintance comes with its own risks. These include fall-outs if one party drops out or quibbles about the asking or offer price.

What’s more, if you and your buyer know each other well, they may feel more relaxed about the whole process and decide they can afford to take their time.

Of course, even if you’ve circumvented the need for an estate agent, you’ll still need solicitors to get everything legally contracted. This will take time in itself.

What’s The Best Way to Get a 1 Day House Sale?

As mentioned above – due to the slow “background” processes involved in buying and selling properties on the open market – concluding a house sale in a day is next to impossible.

The best option to get close to a 24-hour sale is to use a professional fast sale company like Property Solvers.

We can visit your property in the next 24 hours (often less), agree on a sale price, and exchange contracts the following day.

Although we cannot buy your property in a day, we can provide a cash advance within this time period.  Our completion times are typically a further 1 to 3 weeks after exchange.

For more information, simply get in touch with our specialist team for assistance, advice and your no-obligation cash offer today.