Property sales is a process that can often take a very long time to go from that initial talk with the estate agent to finally handing the keys over to the new buyer.
There are many potential reasons why you may want to sell property fast, but here are three of the most common.
House Sales Take Too Long
Property in the UK takes a massive 114 days on average to sell, which means nearly four months of waiting just to receive an offer. This is a fortnight longer than last year and set to increase due to the pandemic, according to data collected by the Post Office.
This is just the average, often it can take months or even years longer, depending on the agent, the property you’re selling and the location.
If you want to sell your property quickly, an option is to go through a commercial property estate agent that specialises in quick sales.
Sort Out Debts
The current circumstances have not been easy for many retail businesses, with a government-imposed freeze on winding-up orders lasting until the end of September.
A rapid sale of a property that you are not using is a quick way to free up a lot of cash that can be used to pay off debts and resolve short term financial problems.
Sell Acquired Property
If you have recently purchased a company which has property included as part of the sale, you may not want to deal with the tax and other additional costs to keep it running. A quick sale of your newly owned building can lead to a quick windfall.