What we offer
By the time you sell your property the conventional way, the actual cash you would be left with will be considerably less than your initial asking price.
Consider the true costs of an average house sale using an estate agent:
- For a quick sale, you may eventually end up going by the asking price the estate agent sets which is lower than your initial asking price
- Estate agent fees are on average 2.5% + VAT
- Solicitor fees are typically around £1500 to £2500 + VAT
- For a quick sale you would normally need to accept an offer between 7% to 10% below the market value
- The industry average to sell a house is around 5 months and can be a lot more if your buyer unpredictably pulls out. Over 40% of deals suffer from broken chains. Consequently, you would incur further mortgage and other spiralling interest payments while waiting for completion of sale
- Lost opportunities because you couldn’t have sold earlier – As a result, you will be at a standstill with no cash to make below market value offers on your next property
Consider the true costs of an average house sale using an auction:
- Auctioneers like to set a low reserve price so they can be more certain to sell on the auction day
- A risk that your property could sell below the reserve price set by the auctioneer even if it sells below the guide price
- A non-refundable fee is charged by the auctioneers to enable them to list your property in their auction catalogue – Can be around £2500 + VAT if not more
- Your property has to be listed on average 3 months in advance of the auction day
- The final sale fee on the eventual sold price is around 3% + VAT
- After the auction day and if your property gets sold, the buyer has an additional 30 days to complete the purchase transaction which means further wasted time
- You face the uncertainty as to what the final price your property will achieve and that’s if it gets sold
We can eliminate the risk of any uncertainties including detrimental time delays at no hidden costs. In return, we will offer to pay you more than the industry standard trade price, which can vary between 80% to 90% of the full open market value of the property.
Our competitive price offers are rarely beaten. In many cases, depending on the property, we will even pay you the full market value.
Each arrangement can be different with different sellers requiring different needs. Whether you are a private individual property owner, estate agent, company or other mediator acting for the vendor – The type of property, location, speed of sale or any other requisite can make a difference.
