When Do I Receive Funds From Selling My House?
There are many steps involved in selling a property, but perhaps the most important is when do you, the seller, actually receive the money for your property. How fast can you sell a property and how quickly can you receive the cash from a house sale? What is worth considering first is the normal stages that are undertaken in a standard on-market property sale through an estate agent.
How Long Does it Take to Receive Funds from Selling My House Through an Estate Agent?
The first step is for an estate agent to be appointed to sell the property. This agent will typically add the property to a number of property portals including Rightmove and Zoopla. The listing price is agreed with the seller; sometimes a specific price is noted and sometimes a more varied listing such as “Offers over [the agreed price]”. For example, if someone was trying to sell a property for more than £250,000, they may choose to list at “Offers over £250,000”, so as to attract a larger number of buyers, whilst retaining the absolute minimum price that would be acceptable.
Once a buyer is found and a price agreed, this is when the legal process starts and the usual timeframe to sell a house is 4 to 5 months from an offer being accepted, although this can be substantially longer depending on the type of property, mortgage delays, and position of the buyer. As part of the house sale process, a survey is also undertaken to check the condition and confirm the value, and if this survey highlights any issues, then the time to sell a house can take 6 months or longer.
To answer the question of how long it takes to receive the money from a house sale, it typically takes 6 to 12 months. This includes the time to get the property on the market, attract a buyer, go through the legal process, book a survey, and attend to any problems that arise along the way.
What Happens if a Buyer Pulls Out?
It should also be remembered that buyers do fall through. So, for example, if someone selling a property took 9 months to get to the completion of selling a house and the buyer pulled out, the whole process would start again, which can be enormously frustrating. This is why, in reality, it can take 1 to 2 years to sell a property and receive the money from a house sale in the UK.
What is the Fastest Way to Sell My House and Receive the Money?
There is however an alternative. Serene Homes are a cash buying company that does not follow the standard process in purchasing a property. They do not need to list the property, find a buyer, or take a mortgage. So, the time to receive funds from selling a house to Serene Homes, as the actual buyer, is much faster.
Whereas the standard route to selling a house in the UK involves a large number of steps, the option of using Serene Homes, known as a cash house buying company or fast house sale company, means that only a few simple steps are required. A price is agreed for the property sale, a survey is done to confirm the value of the property (which Serene Homes pays for), the legal process is swift, and the property sale completes.
How Long Does it Take to Receive Funds from Selling My House with Serene Homes?
The fast sale property selling process is so quick with Serene Homes that completion of the sale of a property can be done within 7 days. That means that a property seller can receive the funds from selling a house in as little as a week. So, no stress, no hassle, and no delays. Plus, it all comes with a guarantee that the fast house sale will actually complete.
In terms of all the fees involved in a standard property sale, including legal fees and survey fees, this is all covered by Serene Homes. So, if a customer of Serene Homes agrees to sell a property to Serene Homes for £250,000 and this property owner has no mortgage, then they will receive exactly £250,000. No fees will be taken from this sum. In another example, if the same buyer had a mortgage of £125,000, then this buyer would receive exactly £125,000. No fees.
Sell your home fast with Serene Homes
Serene Homes offers a quick and easy way to sell a property. The process of selling a house fast is hassle-free with all fees paid. A fast house sale is an easy house sale and equates to funds for the property sale being received within only 7 days.
Speak to our friendly team for advice and get a valuation on your property within 24 hours.