A Quick Sale?
Sometimes things can happen that mean you need to sell up quickly, and we are experts in speeding this process up. We can even
arrange to buy your house from you allowing you to move on with your life.
If you are facing repossession or need a sale in as
little as 2 days, please call us straight away, or ask one of our counsellors to call you about this by using the
green box on the right.
Need an immediate solution? Call
us for advice NOW!
Speak to a real person 24 hours a
day. We'll pay you £50 if we cannot help!*
How is a Quick Sale Different to a Normal sale?
(want a Sale & rentback instead? Click here for our free
pack)
A Quick Sale usually takes around 7 days to
complete (i.e. you get the money in your account). In
order to speed up the process, established property
buyers like us usually use the same two sets of solicitors for
each purchase (one to act for them and one to act for
you) as each firm knows what the other firm needs to
proceed. Often the houses are bought with cash, although
the more professional firms will usually insist on a
RICS
valuation which protects the vendor (you) as well as the
buyer from misrepresentation of the selling price.
Who buys it?
In our case, we will either match you with a private
investor or buy the property ourselves. In either case,
we will ensure that you only need deal with us, and that
all of our normal procedures that protect you from
'dirty tricks' such as 'Gazundering' are in place.
(Gazundering is where a buyer will suddenly, and
unexpectedly, reduce his offer on your house at the last
moment when he knows that you have no other option but
to sell to him). We will go through the process with you
in much greater depth and ensure it fits in with your
timescales if you think this route is right for you.
What is the process?
Very simply, the process is as follows
- Firstly, we meet with you to
ascertain your timescales
- Then we instruct an independent
valuer to value your house
- If we agree that the valuer returns
an accurate valuation then we instruct our legal
team to contact the solicitor working for you
- We aim to complete 3 days after the
valuation has been received
- We can move quicker if you have a
deadline to meet. Please tell us that when you call
us though.
Is it right for me?
It isn't always the best route for everyone. That is
why we spend a long time outlining the alternatives to
you to ensure you know the disadvantages as well as the
advantages. In most cases, you would achieve a higher
purchase price if you listed the house with an estate
agent and waited for 6 months. However, if you are
facing repossession, bankruptcy or the break down of a
sales chain then you may not have time to do this.
How much will I get for my house?
We often base valuations between 60% and 85% of the
house depending on the situation. What is becoming quite
commonplace is our 'Sale & Resale' programme. We are the
first organisation to offer this service in the UK and
it works like this:
- We buy the house for you at a
slightly discounted price
- If you are staying in the house for
a number of years you can rent back at a reasonable
rent, then sell the house when you move out
- If you are moving out the house
immediately then we can put the house up for sale,
and we will pay the mortgage while it is being sold
- When we sell the house a few months
later (or at the end of the tenancy term if you are
renting back from us) we split the profit (after
costs such as agency commission) 50:50 with you.
Its that simple. We will draw up an agreement that
will sit with your lawyers until the sale has gone
through.
What are my options?
Often, a regular sale takes about 14 weeks, and you
achieve 95% of the asking price. If you add up mortgage
payments, agency commission (usually around 2%) and the
cost of any cosmetic or structural work to prepare for a
sale, then you could end up with as little as 88% of the
asking price. However, there is an equal chance that a
family will fall in love with your house and offer the
full asking price straight away! You have to weigh up the
pro's and con's of each route and come to the decision
yourself. We are happy to come round and discuss this
with you (no obligation whatsoever) if you feel it would
help.
I want to do it. How do I start?
OK. First thing is to call
us and we will send an advisor round to talk you
through the whole process. Meanwhile, please request a 'Redemption Figure'
from your mortgage company, and any other lenders
who have a 'charge' on your home (i.e. companies you
have borrowed money from which has been secured on the
house). This will take between 5 to 10 working days, so
it is best to do it now regardless of what you
ultimately decide (do check whether there is a fee
involved in generating the redemption figure). You do
not need to wait for the redemption figure to come
through before calling us for an appointment. During the
process, you may speak to your
advisor as many times as you want, and we will pay for
all of the legal & valuation fees. If
you have any initial questions, please check our FAQ's.
What would you like to do now? Choose from the
following list.
Remember - we never charge you a fee
- we make our money from your successful solution.
*We will pay you £50 in cash
if can't provide you with a viable solution within 30
days.
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