When you decide to sell your home it could be for a multitude of reasons; you may wish to move to somewhere bigger or smaller, or to a different location, sometimes even a different country. But selling your home can sometimes be out of necessity, rather than choice, which often increases the need for a quick sale. Fast home buyers can offer home-owners the chance to sell their property in a fraction of the time it may take when going through an estate agent, although at a reduced price.

There are some companies who offer the ability to purchase your house from you within 24 hours, although it is more realistic for the transaction to be completed between 7 and 28 days. There are currently hundreds of companies offering to purchase your home from you; some have greater resources than others, and some have a longer buying process, so it is worth shopping around as many companies as possible to ensure the quickest and most efficient sale.

Using fast home buyers to sell your home is ideal if your need for a fast sale is greater than the need to get the best possible price for your home. You should expect to receive around 75% of the true value of your home from a property purchasing company, but this can vary depending on your specific situation and the current state of the property market. Although losing 25% may seem like a large chunk, the service that these companies offer can be tailored to meet your needs. For example, if you need to sell your home, but don’t wish to move out, there are companies who will rent your property back to you once you have sold it. Many companies will also provide you with legal representation, or reimburse you if you decide to use your own solicitor.

In the second quarter of 2009, house repossessions were up 14% on the same period in 2008, with the Council of Mortgage Lenders estimating 65,000 repossessions over the course of the year. Some fast home buyers offer to stop repossession of your home within 2 hours, and the subsequent sale could ease any financial worries you may have regarding your mortgage.

It is worth being aware that you may sometimes need to provide these fast home buyers with documentation before they can purchase your home from you; these would typically include a surveyor’s valuation or a home information pack (like one typically used by estate agents). Some may charge you to carry out a valuation of your home, even if they decide against purchasing it from you. It is important that you check that the company you are using are authorised by the Financial Standards Authority (FSA).

Certainty and speed are concepts not often associated with buying or selling property, but both can be offered when using fast home buyers. If you’ve found your dream home but your chain has collapsed, you have divorced from your partner and want a quick resolution regarding the house, or if you’re in financial difficulty and need to rid yourself of the weight of your mortgage, fast home buyers may be able to offer you a realistic alternative to using an estate agent to sell your home.

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