Frequently Asked Questions about Property Quick Sales
What sort of properties do you buy?
We buy or lease all types of property – Houses, Shops with flats, converted flats, bungalows, land and other buildings in any condition in any area.
Do you consider property in any condition?
Yes. Many of the properties we buy need some updating and modernisation or refurbishment. This may be why they are more difficult to sell through normal routes.
What parts of the country do you buy in?
We are a national company and we or our trusted local investors will consider properties throughout the United Kingdom.
How long do your offers take?
It depends a lot on the particular deal that is being considered. If we are considering buying the property using finance, we or one of our investing partners will usually make you an offer within 48 hours of receiving your enquiry.
Are there any hidden ‘catches’ I should know about?
No. It’s just good business for us both. If we can provide a quality solution for you our business will grow on its reputation. You benefit from an ethically based, professional service and if you choose to sell, avoid many of the usual selling problems and receive payment very quickly.
How much will selling to you cost me?
If the transaction is a direct, outright property sale, where the property has not been “Marketed” there are no agents selling fees. We will provide you with a no obligation, no cost offer and pay all survey fees as well as your legal selling costs. In some instances we may be able to share any fees that you have already incurred.
Don’t forget that you save the costs of using an Estate Agent, EPC Fees, continued Mortgage & other secured Loans Payments during the Selling delay.
What is an EPC?
The EPC (Energy Performance Certificate) provides prospective home buyers and tenants with an idea of how environmentally friendly and economic the property is to run by looking at its construction and component parts. It looks at how well it uses (and therefore saves) energy by the use of roof, floor and wall insulation, Double Glazing, Boiler Efficiency, Lighting etc.
How does your purchase offer price compare with what an Estate Agent would sell for?
This depends on a number of factors, including the current market, valuation, type and location of the property. We usually pay a realistic value relative to the current open market value depending upon your individual property condition and area. For example a property marketed by an Estate Agent at £170,000 may actually be Sold for £160,000. £160,000 is the market value. This can vary from region to region and even city to city or town to town depending upon current local market conditions. Currently the average price paid (the market value) can be between 80% and 110% of the estate agents window sale asking price. We use this market value, or the value determined by a mortgage (RICS) valuation surveyor. This enables us to assess the purchasing, refurbishment and other business costs to determine a fair, realistic buying price. When we are negotiating an buying or leasing option then the terms of the deal that suit you and us are the critical factors. An option may not necessarily reflect the price relative to the market, either past, present or future.
What other ways are there?
If you don’t need to get cash from your property we may be able to agree a selling price using slightly different legal processes. You may not have to pay any more mortgage instalments, utility bills, council tax or internal maintenance once our deal is finalised. During or at the end of an agreed period (possibly 6 years or more) we may exercise our option to buy the property at the agreed price subject to current market conditions at the time.
There are a number of ways that we can assist you to sell your property. Many, you will never have heard of or even considered. I can assure you that they are all legal within our current UK legislation. Until we know all the facts of your circumstances, it is not possible to determine which buying method may be most suitable for you.
Will my estate agent mind me selling direct to you?
They may not be happy about losing the 1.25 – 3% plus VAT of the selling price they would have charged in commission! Please note that if you have already instructed an estate agent they may still try and claim a fee if you sell during the contracted period. This depends on the terms of any contract you have signed. Generally as long as you are not tied into a sole agency agreement this will not apply. If you are in a sole agency agreement, then you can always cancel the arrangement after the specified date. Alternatively, you may have to wait until a certain period of time has passed.
My mortgage payments are in arrears – can you help me?
Yes, we usually can, as long as there is enough equity in the property in excess of the debts you owe. The sooner you contact us the less stressful the situation will be. We will need to know the exact amounts that the mortgage lender requires to clear the debt. Everything discussed is held in complete confidence between you and us.
We have a secured Loan on the Property and our payments are in arrears – can you help me?
Yes, as with the mortgage, we usually can, as long as there is enough remaining equity value in the property. The sooner you contact us the quicker we can try to resolve the problems. We will need to know the exact amounts that the secured loan lender requires to clear the debt. Everything discussed is held in complete confidence between you and us.
If I want to sell up and move on, how soon do I have to leave my home?
We fit in with you. The deal we offer will try to take your needs into account, but it is usually for a maximum of 6 months (sometimes longer by prior arrangement). We are not able to offer a sale and rent back arrangement due to current UK legal changes.
Do you buy investment properties?
We will look at and consider all types of properties. Investment properties will be evaluated to ensure that we or our investors have checked the risks, suitable security and sound financial returns.
Do you buy tenanted properties?
We do buy properties with tenants and sometimes larger portfolios from landlords. Please contact us to discuss your proposals.
How long do I have to decide whether to accept your offer?
Our offer is valid for 28 days. Should you wish to go ahead after the 28 days, this may be possible, although we do reserve the right to review the offer in these circumstances. This time frame is due to the current volatility of the banking system and property market place although it is likely that the offer will be held for a longer period.
Will anyone else know we are selling or in difficulty?
Ours is a confidential service. No one will know about the sale. We don’t put up sign boards unless we are looking for new tenants or to sell a property and then only with your permission.
Do you carry out a survey?
In many instances we do, this is to check the property’s condition and current market value.
Do you ask for any initial Fee?
NO. We are in the business to help people not to take money from them. When we are purchasing outright we pay all the legal fees and any survey costs.
I have a friend who may be interested in your service. Is it worth me telling them about you?
Yes. If we purchase their property (or any other that you introduce us to) outright, we will pay you £500 as a referral fee for each one when the legal sale to us completes. We’ll pay you this ‘finder’s fee’ on the day of completion. If the deal is an option to purchase then we will offer a realistic fixed amount of about £250 when the lease is sealed.
How do I find out if you can help me?
Fill in the Sale Request Form at the top right, or Click The Button below to Request Your Free Home Sale Evaluation.
As you’ve seen recently, the normal home sale process, can take up to 14 weeks (Over 3 MONTHS!). This can be after you get an offer from a prospective purchaser. Even longer sometimes if the sale falls through. You will need to keep the property in top condition, clean and tidy for possibly 20 or more viewings.
Then there’s the extra time it takes for normal high street solicitors or legal conveyancing firms to process all the house sale paperwork. Th legal process and local authority searches can add a further 8 to 9 weeks. This all adds up to a sale of your house taking over 5 MONTHS! Sadly, nearly a third (33%) of all sales fall through for one reason or another. Often this is because the purchaser is unable to get the required mortgage funding in the current economic climate.
We usually complete the property sale and purchase process in 6 weeks from our initial agreement with you to sell.
Property Auction Sales also need a number of weeks before the sale date and then a further 28 days after. This allows the auctioneers to generate buyer interest by printing and send out details of each house, flat or land in the sale, advertise in the papers, let potential home buyers carry out their research and value the houses for sale etc. There is no guarantee that on the day of the auction house sale, your home will reach an acceptable sale price, or your selling reserve value. You may get an approach afterwards for a quick house sale at a lesser cash amount but there will still be the usual legal delays after that.
If you have already put your home up for sale it may not be too late for us to help you. You can just complete our on-line form for a quick home sale appraisal. You are under no obligation to sell your home to us until we have agreed a deal that you are satisfied with.
Let’s have a chat to see how we can help you to move on Today!