Cash-sale education

Cash buyer or estate agent: which is right for you?

Two routes to a sale, with different strengths. Here is how to weigh them up.

1. Two different ways to sell

With an estate agent, you market the property to the open market and wait for a buyer, who usually needs a mortgage. With a cash buyer, you sell directly to someone who is not relying on a lender.

2. Price

An open-market sale can reach a higher price, particularly if the property is in good condition and in demand. A cash buyer's offer is normally lower, because the buyer is taking on risk and cost.

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3. How to decide

Ask yourself which matters more: the highest possible price, or a sale you can plan around. If you are unsure, get an agent's valuation and a cash offer and compare them side by side.

This guide is general information, not legal or financial advice. Please speak to an independent solicitor or adviser about your own circumstances.

Questions

Can I try an estate agent first?

Yes. Many sellers do, and then choose a cash sale if the open-market route does not work out.

Does a cash offer lock me in?

No. There is no obligation to accept an offer.

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