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Top 6 reasons to sell property to a cash buyer. Wed, 23 Oct 2013 13:43

It is often said in property circles that a property is only worth what someone is willing to pay for it.

That is not strictly true though.

The added element to the equation is also what someone is willing to sell a property for!

The same property could be sold for two different amounts, depending on the circumstances of the vendor and how motivated they are to achieve a sale!

In certain instances, it can be quicker and less hassle to sell a property fast for cash, and it is at times like these that a cash buyer can help a vendor move on, both financially and emotionally.

Here are our top 6 reasons to sell a property for cash:

1.  Vendor has had altered life circumstances that mean that they need to sell/move quickly.

Quick sales of houses tend to come about when people have experienced:

  • Death/probate
  • Divorce
  • Debt
  • Redundancy
  • Facing re-possession
  • Looking to down-size (mostly elderly people)
  • Emigration
  • You have found your dream home and do not want to lose it.
  • Job re-location

2.  When a sale has fallen through and the vendor does not want to start the marketing process again from scratch.

3.  When a problem property is unattractive to the marketplace and the vendor does not wish to invest funds to up-grade it, prior to sale.

4.  When a property is tenanted and the landlord does not want to incur a void during the sales process.

5.  Any properties that might struggle to get finance from mortgage lenders such as:

i)  Flats with short leases (usually under 80 years).
ii) Flat in high rise blocks (most lenders will not lend on flats in blocks over 5 floors high).
iii) Flats above commercial premises.
iv) Flats with faulty title.
v)  Properties that have been extended or re-modelled without the correct planning permission or Building Regulations adhered to.
vi)  Derelict properties or properties with structural issues.

6.  Entire portfolios that the vendor wishes to sell as "one lot" rather than break up into individual units.

When selling a property for cash, it is generally understood that a cash buyer is in a very strong position, able to act quickly, not relying on bank finance, and would therefore not pay what the vendor considers to be "market value".

However selling to a cash buyer has a number of distinct advantages:

1.  No estate agent fees.
2.  No viewings.
3.  Quick completion guaranteed.
4.  No hassle or uncertainty.
5.  With Dream House Buyer, no legal fees, as we pay all your costs.
6.  When selling your property to us, we can take care of the house clearance and removals if required. 

Typically, at Dream House Buyer, we offer around 85% of the market value of the property.

Estate agents usually charge around 2% plus VAT in fees, so in fact, the reduction is only typically around 13% for a cash sale with the added bonus that we pay a vendor's legal costs (between £800 and £1200 approx.).

Richard Hill, Founder of Dream House Buyer comments:

"We're a family company in the business of buying property for cash.  We have many years of experience of this, and we know how, in some circumstances, a cash sale can be a life-line to a vendor in desperate need of a quick sale.  We buy as many properties from landlords, as we do from vendors selling vacant property, and therefore we buy property from a wide spectrum of people. 

We are also mindful of the often emotional circumstances that can lead someone to sell a property for cash, and we endeavour to make the whole process as pain and hassle-free as possible.

We do not rely on banks or finance, and pay cash for your property, which enables us to buy property very quickly. We really can work to any timescale that you request, be it days, weeks or months, we tailor the timescale of the sale to suit you - our customer".

Find out why we are different to other quick sale house companies >>> here.

Dream House Buyer is a family owned property company that considers all types of property, and we buy property with sitting tenants too. We will make an instant cash offer for any property in the UK, regardless of the size, location, condition or value.

We will buy any property that you might consider a problem - including property with sitting tenants, flats with short leases, problem tenants, unmortgageable and structurally damaged property.  We also buy ground rents and portfolios. If you think we can help, then please invite us to make you an immediate cash offer for your property.

Contact us on 0800 1577 497 or email us info@dreamhousebuyer.co.uk

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