Are you considering downsizing your home? Whether you find your property too large and empty or too expensive to maintain, you’re not alone. Thousands of homeowners across England and Wales downsize every year for these exact same reasons.
Whatever your reason for wanting to move into a smaller property might be, at Property Buyers Today, we can help you sell your current home fast, stress-free, and without you having to pay thousands of pounds in estate agent and legal fees.
Discover the 3 Best Ways to Sell Your House When Downsizing
Downsizing can free up equity. If you want to sell your current home to fund the purchase of a smaller property, here are three of the most common routes that you can take.
Estate Agents
The traditional way of selling a house. It’s also often the slowest, but it can be suitable if you are not in a rush to downsize. Here’s what to expect:
- Average time to sell: 6-9 months
- Viewings and negotiations can take weeks
- The sale may become part of a chain
- Buyers can withdraw at the last minute
- Costs you’ll have to pay:
- Estate agent fees of up to 3%
- Solicitor fees of around £3,000
- Repair and renovation costs
- Ongoing bills while waiting to move
If you’re not in a rush to downsize, selling through an estate agent can be worth considering.sale can reduce costs but also require significant time and effort.
Property Buyers Today
The fastest way to sell a house. We will buy your current house in cash, regardless of size, condition, or location. Here’s what you can expect:
- The sale can be completed in just 7 days
- You keep 100% of the money your house sells for
- We will cover all costs associated with the sale
- There are no open-house viewings
- We guarantee the sale of your property
- Trade-off: Our offer will be up to 85% of your property’s market value (which comes close to what you’d get if you sell through an estate agent after all fees)
Many downsizers choose this route when they’ve already found their next home or want to avoid the uncertainty of waiting for a buyer.
Property Auction
The perfect middle ground. Mostly suitable for homeowners who are not in a rush to sell but own a property that requires extensive work.
- Average sale timeline: 3-4 months
- Exchange takes place on auction day
- Factors to consider:
- You may not get the money you expect
- The pool of buyers can be limited
- Entry fees of up to £1,000
- Auction house commissions of up to 6%
- Auction legal pack (£300 to £500)
Auctions can be an option for downsizers, but waiting for months for the house to sell, in addition to the uncertainty around the sale price, makes it the least popular option.ong interest for certain properties, but there is no guarantee your house will sell for the money you expect.
Ready to Downsize? Get a Fast Cash Offer on Your Home Today
If you are ready to downsize, we can help sell your current home as quickly as within 7 days (or on a timeline that suits you). The first step of our process is to learn more about your property and give you a free, no-obligation cash offer.
To request a free cash offer for your home, please click on the pink “Free Cash Offer” button at the top right corner of this page and fill out the form. If you want to get in touch with us right away, you can also give us a call at 01522 474700.
What Are the Financial Benefits of Downsizing Your House?
The financial benefits of downsizing your house can be significant. For most people, downsizing results in thousands of pounds in accumulated savings each year. When you live in a smaller house compared to the one you live in now, you may save money by paying less for:
- General maintenance around the property
- Council tax, gas, electricity, and water
- Home insurance premiums
- Mortgage repayments (if buying a cheaper house)
In addition to the above, downsizing your property can also free up a significant amount of equity tied up in your current home. You can then use that extra money to fund your retirement account, help family members financially, travel more often, or enjoy greater financial freedom moving forward.
The Challenges of Downsizing Through a Traditional Property Sale
When homeowners decide to downsize their home, most take the traditional route of selling their property – through an estate agent. While most houses in England and Wales are sold and bought that way, there are many challenges that come with this approach.
Some of the most common challenges that you’ll come up against should you decide to sell your current property through an estate agent include:
- Lengthy property chains that can delay the sale for months
- Potential buyers pulling out at the last minute
- Endless property viewings that you need to accommodate
- Estate agent fees that will eat into the final amount you receive
- Delays caused by mortgage approvals and lender checks
- Having to spend money fixing the property before it goes up for sale
- Uncertainty around when the sale will actually complete
How to Sell Your House Quickly When Downsizing
As one of the leading direct cash house buyers in the UK, we make the typical private house sale faster, simpler, and significantly more stIf you don’t want to wait months before you can downsize, the best way to sell your house quickly is through a cash house buying company like Property Buyers Today. We can help you sell your current house and unlock its cash value to fund your next move in as little as 7 days.
To see what you can sell your current property for, click on the “Free Cash Offer” button at the top of the page to get a free cash offer or give our team a call on 01522 474700. Selling through us is fast, guaranteed, and costs £0.00, regardless of the location, size, or condition of your property.
How a Cash Buyer Makes Downsizing Simpler and Faster
Downsizing is supposed to simplify your life, but selling your current home on the open market can make the process feel anything but simple. As one of the leading cash buying companies in the UK, we make downsizing simpler and faster in a couple of different ways, including:
- We can complete the sale of your house in as little as 7 days
- We will buy your current property directly from you using our own funds
- We guarantee the sale, so there is no risk of the deal falling through
- You won’t pay a penny in estate agent fees, and we’ll cover your legal costs
- You keep 100% of the money your property sells for
- We will buy your property, regardless of location, size, or condition
- We will handle all the paperwork, so you can focus on your next move
How Property Buyers Today Can Help When You Are Downsizing
At Property Buyers Today, we can help you sell your current home quickly and for a fair price. That way, you can focus on finding your next dream property instead of carrying out costly repairs before the property goes on the market, hosting endless viewings, and facing uncertainty if your property will even sell.
When you sell your home through us, we can complete the entire process in as little as 7 days. Since we will be buying your property directly from you, you’ll also save thousands of pounds in estate agent fees, and as part of our service, we’ll even cover all your legal costs associated with the sale. That way, you get to keep 100% of the money your property sells for.
So, if you’re looking to get a quick cash sale so you can downsize your home in the UK, request a free, no-obligation cash offer or give us a call on 01522 474700 at a time that’s convenient for you.
