There is currently a great deal of interest from homeowners who want more information on Fast Property Sales people want to know all about Fast Property Sales, what it is, how it works and who it's suitable for. We have drawn up answers to the following common questions.
- Who buys Property for cash and why?
- Most property buyers are investment companies who have the liquid capital available to offer you a fast property sale. Generally they are buying because they believe in the long term property prices will recover and they will be able to sell the property on at a profit.
- How much will an investor pay for my Property?
- Most investment companies generally take the prudent view that property prices, in the short term at least, will fall still further. They will usually offer you a maximum of up to 80% of the current market value. If your outstanding mortgage is more than 80% of your property value it is unlikely an investor will be able to purchase your home.
- How do investment companies value my Property?
- Most investment companies will appoint a qualified Chartered Surveyor to appraise your property and will also base the value on how much similar homes in your area have been selling for. It is important to bear in mind that valuations are based on completed sale prices not the asking price of properties still on the market.
- How quickly can an investment company buy my property?
- Reputable investment companies are cash buyers with liquid funds and can usually complete on a purchase very quickly, often within days if required.
- What are the main benefits of selling to an investment company?
- Sales can be completed very quickly whereas in the current market sales via an estate agent can often take a year or more to complete.
Although you will be offered less than the market price of your property you will not have to pay any Estate Agents costs, Solicitors fees, Survey costs or the cost of your mortgage whilst your property stays on the market. These savings will somewhat offset the lower cash price you receive for your property.
You need not be concerned that the property market will crash further once you have agreed to sell to an investor.
- What is the main drawback of selling to an investment company?
- You will get less for your property than on the open market, of course if prices should fall further after your sale has gone through then you will be in the fortunate position of having got more for your property than you could at that time.
- Under what circumstances is it best to sell your property to an investment company?
- One reason you may consider selling to an investment company is when time is of the essence and you cant or don’t want to wait for an estate agent to sell your property.You may wish to unlock capital from an inheritance property, to move abroad or to sell quickly after a divorce.
Alternatively you may be under financial pressure or even facing repossession of your home, in these circumstances you should always take professional financial advice and consider remortgaging or refinancing in some way. If this proves impossible your next best course of action may be to consider selling to an investment company who will allow you to rent back your property.
- What is sell and rent back?
- Sell and Rent back you sell your home to an investment company and then stay in it paying rent to the investor.
- Where is the best place to find a Fast Property Sale?
- The fastest way to compare Fast Property Sale is to complete our no obligation online form HERE.
Please Note :The opinions expressed on this site are given in good faith and should not be taken as legal or financial advice. You should always take professional financial and legal advice before selling your property.
