Property Quick Selling FAQ

Frequently Asked Questions

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 about 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 up to £500 (this is normally more than needed). Don't forget that you save the costs of using an Estate Agent, HIPS and EPC Fees, Continued Mortgage & other secured Loans Payments during the Selling delay.

How much will leasing and an option to you cost me?

We will offer you an initial nominal fee to take an option to buy your property to secure our interest while we market it. If we have found you via an estate agent then you may be able to negotiate a reduced agents fee as they have not actually "Sold" the property for you. While the initial option to purchase is in place we will seek a potential tenant to lease the property based on the terms of the deal that we have agreed. Once we have found the right tenants we will finalise the terms of the purchase option and lease terms both with yourselves and the tenants. You will be responsible for the costs of the legal option and lease arrangement fees to ensure that your interests are properly protected. These are likely to be no more than if you were to sell the property in the normal way. You will not need to pay any survey fees other than the HIP and EPC which you are likely to have already had done. Don't forget that you save the full costs of using an Estate Agent, Continued Mortgage & other secured Loans Payments during the Selling delay and also are released to carry on with your life from the tie of the property.

What is a HIP and EPC?

A HIP (Home Information Pack) is a government and EU introduced scheme to try and speed up the property buying and selling process in England. The EPC (Energy Performance Certificate) forms a part of the HIP to provide prospective home buyers with an idea of how environmentally friendly and economic to run the property is in 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. (Currently the average price paid (the market value) is about 90% of the estate agents window sale asking price) We will use this market value, or the value determined by a mortgage (RICS) valuation surveyor, and then assess the purchasing, refurbishment and other business costs to determine a buying price. When we are negotiating an option then the terms of the deal that suit you and us are the critical factors and not necessarily the price relative to the market either past, present or future.

What other ways are there?

If you don't need to realise cash from your property we may be able to agree a selling price and tie that up legally with a purchase option and then agree to lease the property from you for the period covered by the option. This means that you will not have to pay any more mortgage instalments, utility bills, council tax once our deal is finalised. During or at the end of the agreed period (possibly 5 or 6 years) we will exercise our option to buy the property at the agreed price subject to current market conditions at the time.

Will my estate agent mind me selling direct to you?

They won't be happy 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 sole agency this will not apply. If you are in a sole agency agreement then you can always cancel the arrangement. 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.

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.

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).

Do you buy investment properties?

We will look at and consider all types of properties. Investment properties will be evaluated to ensure that our investors have sound returns.

Do you buy tenanted properties?

We do buy properties with tenants and sometimes larger portfolios from landlords.

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.

Do you carry out a survey?

Yes 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 (Up to £500 for You) and all the survey costs.

I have a friend who may be interested in your service. Is it worth me telling them

Yes. If we purchase the property outright we will pay you 0.5% of the purchase price as a referral fee. 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?

Click The House Button to Request Your Free Home Sale Evaluation

OR Dial Local Call Rate: 08456 44 70 35

As you've seen recently, the normal home sale process, can take up to 26 weeks (Over 6 MONTHS!) to get an offer from a prospective purchaser. You will need to keep the property in top condition, clean and tidy for 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, which can add a further 8 to 9 weeks. This all adds up to my house sale taking over 10 MONTHS! Many sales fall through because the purchaser is unable to get the required mortgage funding in the current economic climate.

We usually complete the sale in 6 weeks from the agreement to sell.

Property Auction Sales also need a number of weeks before the sale date for the auctioneers to generate buyer interest, print 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 house sale your home will reach an acceptable sale price or reserve figure. You may get an approach afterwards for a quick house sale at a lesser cash value 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.