Debt can feel overwhelming especially when interest keeps piling up and you’re struggling to keep up with repayments. For many homeowners, the biggest asset they own is their house. If you’re looking for a way to get out of debt quickly, selling your home fast can be a practical solution to regain control of your finances and move forward.
In this article, we explain how selling your house fast can help you pay off debt, what to consider before making the decision, and the different options available to you.
Why Selling Your House Might Be the Right Move
If you’re struggling with:
- High credit card or loan balances
- Mortgage arrears
- Threat of repossession
- Overwhelming monthly outgoings
…then selling your property can free up cash to clear your debts and give you a fresh start.
Instead of missing payments or entering into an Individual Voluntary Arrangement (IVA) or bankruptcy, selling can help you avoid further damage to your credit score. It also removes the pressure of maintaining mortgage payments, property maintenance, and household bills you may no longer be able to afford.
What to Think About First
Before deciding to sell, it’s important to:
- Get a clear picture of your debts: Make a list of everything you owe and to whom.
- Check your home’s equity: Find out how much your home is worth and subtract your remaining mortgage to see how much cash you’ll walk away with.
- Consider your next move: Will you rent, downsize, or stay with family or friends temporarily?
- Get professional advice: Speaking to a debt adviser or financial adviser can help you explore all your options.
If staying in your current home simply isn’t affordable, selling quickly can stop debts spiralling.
How to Sell Your House Fast
Here are the most common ways to sell your home quickly when paying off debt:
1️⃣ Auction
Selling at auction can be quicker than the open market. Once sold, the buyer is legally bound to complete, usually within 28 days.
✅ Pros: Fixed timeframe, competitive bidding.
🚫 Cons: Not guaranteed to sell, and prices can be below market value after fees.
2️⃣ We Buy Homes Fast (Cash Buyer)
A professional cash buyer (like us) can purchase your home outright, often completing in as little as 7–14 days.
✅ Pros:
- Speed and certainty — no waiting months for a buyer.
- No risk of sale falling through.
- No need to make repairs or redecorate.
- No estate agent fees.
🚫 Cons: Offer is typically below full market value — but for many, the speed and peace of mind are worth it.
3️⃣ Estate Agent
You can also sell through a traditional estate agent, but this process often takes months and comes with the risk of chains collapsing. If your debts are urgent, this may not be fast enough.
The Benefits of a Quick Sale for Debt Relief
Selling quickly can help you:
- Pay off debts in full and avoid further interest or legal action.
- Protect your credit rating.
- Avoid repossession proceedings.
- Free yourself from the stress and worry of debt.
Many people find that the relief of being debt-free far outweighs the cost of selling below market value for speed.
Ready to Take Control of Your Finances?
At We Buy Homes Fast, we understand how stressful it can feel to be trapped by debt. That’s why we make it simple, fast, and stress-free to sell your home, pay off what you owe, and start fresh.
✅ Free, no-obligation offer
✅ Sale completed in as little as 7–14 days
✅ No fees, no fuss, no chains
Contact us today to see how we can help you regain your financial freedom.