
I'm a property expert that still remembers the days when having broadband was a selling point! My articles cover issues that homesellers face in the UK and answer the questions we're all asking. I've bought and sold properties and helped others do the same, so my writing comes from years of experience.
Read Full Bio >Are you wondering, ‘How much can I sell my house for?’ or perhaps, the question ‘How can I sell my house fast without compromising on value?’ is keeping you awake at night.
The good news is that with the right approach, it’s possible to achieve a sale at 100% market value. In this article, we’ll break down what market value means, explore how you can sell fast, and address some key questions about selling a house in the UK.
Understanding market value of your house
Before you embark on selling, it’s 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.
So when you ask yourself ‘What is the full market value of my house?’, 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.
Three key factors that determine how fast and how much you sell for
Let’s dive into the key components that will help you sell your house fast for 100% market value:
1. Accurately pricing your property
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’s size, location, and condition.
Now, a frequently asked question is: ‘Can I sell my house cheaper than market value?’ 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.
In situations where you’re selling to family so as to avoid paying care home fees, you may find that your plan backfires.
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 ‘deliberate deprivation’ 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.
And it gets worse. Your local authority – which would otherwise be funding your care – could try to have your house sale overturned and there’s no time limit on them taking action in these matters, so it wouldn’t matter if years had passed since the sale of your house to your child.
That aside, and assuming you’re not trying to sell your house to get out of paying care fees, it’s 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.
2.Target timeframe
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.
For those who need to move faster, working with companies that specialise in quick property sales, such as Springbok Properties, can reduce the sale timeframe significantly – often to within 30 days – while still aiming for full value.
3. Method of selling
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:
-
- Traditional estate agents offer local knowledge and personal service, but sales can take longer.
- Online estate agents are often cheaper but may lack personalised attention and you might have to do a lot of things yourself.
- House buying companies, like Springbok, provide faster sales and remove the headaches, so if time is of the essence, and you’re happy with a competitive offer that might be slightly below full market value, this could be your best bet. However, we can offer homeowners up to 100% market value through our tailored solutions. Not all cash buyers can do this.
How to achieve 100% market value: Our advice
Your circumstances will help guide you toward the right selling method. If your priority is speed, a cash buyer might appeal to you. However, to achieve 100% market value, you should aim for a strong marketing approach, an accurate valuation, and the flexibility to wait a bit longer for the right buyer.
Conclusion
Selling your home at 100% market value is possible with the right planning and strategy. By ensuring an accurate valuation, setting a realistic timeframe, and choosing the best method of selling for your situation, you can achieve your goal while selling quickly. Whether you decide to go with an estate agent or explore alternative routes like house buying companies, always keep your goals at the front of your mind.
If you’re ready to sell and want expert advice, get in touch with my colleagues for a no-obligation valuation. We help hundreds of homeowners every month get close to 100% market value and sell within their desired timeframe.
Further reading
If you’re looking for more in-depth information on how to sell your house, determine its market value, or explore different selling options, the following resources are a great starting point. These are trusted websites that provide tools, insights, and advice for homeowners preparing to sell their property in the UK.
Website | Purpose | Link |
---|---|---|
Rightmove | Property valuations and market trends | https://www.rightmove.co.uk |
Zoopla | Property comparisons and sales history | https://www.zoopla.co.uk |
NetHousePrices | Detailed sales data for UK properties | https://www.nethouseprices.com |
Homeowners Alliance | Guides on selling your home and market insights | https://hoa.org.uk |
Springbok Properties | Quick property sale options and lots of helpful advice | https://springbokproperties.co.uk |
GOV.UK | Legal information about property sales and taxes | https://www.gov.uk/browse/housing-local-services/buy-sell-rent-property |
These websites will help you stay informed and guide you through the process of selling your home, whether you’re looking for quick sale options or want to understand your property’s market value in detail.
Frequently Asked Questions (FAQ)
Selling a home can raise many questions, especially when you want to maximise the value and sell quickly. We’ve answered some of the most common questions homeowners ask when preparing to sell their property.
- How much can I sell my house for?
The amount you can sell your house for depends on its condition, location, and current market trends. The best way to determine this is by getting an accurate property valuation, which takes into account recent sales of similar homes in your area. You can use property websites or arrange a professional valuation with Springbok Properties.
- How can I sell my house fast?
To sell your house fast, consider improving its kerb appeal, pricing it competitively, and using a reliable agent or cash buying company. Springbok Properties, for example, specialises in quick sales, often securing a sale within 30 days, without compromising on value.
- What is the market value of my house?
The market value of your house is the price it’s likely to sell for under current market conditions. This value is determined by factors such as location, the property’s condition, and recent sales of similar homes nearby. For a clear understanding of your home’s value, you can request a professional valuation or use online tools such as Zoopla or Rightmove.
- Can I sell my house cheaper than market value?
Yes, you can sell your house for less than market value if you choose, often for personal reasons such as selling to a family member. However, selling below market value may have financial implications, including tax considerations, so it’s important to consult with a professional – such as a financial advisor – before making this decision.
- Is it worth selling your house to a house buying company?
Selling to a house buying company can be worthwhile if you need a quick, hassle-free sale. While you might receive slightly less than full market value, the speed and certainty of the sale can be appealing, especially in situations where you need to move quickly or avoid the long process of traditional estate agent sales. Springbok Properties can offer 100% market value because we have different options to help home sellers meet their goals.
- What is the full market value of my house?
The full market value of your house is the price it could fetch in a fair market, where neither the buyer nor the seller is under pressure to make the sale. This figure is typically established through property appraisals, local market comparisons, and the overall condition of the property.
- Can I sell my house to my son for less than market value in the UK?
Yes, you can sell your house to your son or daughter for less than market value in the UK. However, be aware that this may involve certain tax liabilities, including inheritance tax or capital gains tax. It’s always best to consult with a financial advisor so that you can understand the full implications of selling to a family member at a reduced price.