Selling a House With Japanese Knotweed

Selling a House With Japanese Knotweed : Here’s How to Do It Fast


Most people already know that selling a house is not always a smooth process. But do you know it’s a whole different situation where Japanese knotweed is involved?

 

Japanese knotweed is a troublesome plant that can impede house sales, cost thousands of pounds in removal costs and waste lots of hours in legal cases. It also doesn’t help that the bloody plant is perennial.

 

Whether it’s been discovered in your plot or your neighbours’ garden, potential homebuyers will likely want to be informed. It’s also not unreasonable that they’ll wonder just how dangerous it is.

 

In this post, we talk in detail about Japanese knotweed, how it affects the sale of homes, and what options you have once you discover the bad boy is flourishing in your garden.

 

What is Japanese knotweed?

 

Japanese weed is a stout-shrub-like plant with broad oval leaves and a bamboo-like hollow stem with unique raised nodes. But it’s not related to bamboo at all. It has origins in Japan, China, Korea, and other East Asian countries, but it has established habitats in Europe and the Americas right now.

 

How to identify Japanese knotweed?

 

Japanese knotweed is a menace in the UK. It’s the most ubiquitous form of knotweed and has severe consequences on the property market. You can identify the pest using the following tips:

  • Its flowers are of distinct creamy white colour and often form clusters that grow up to 10cm. When they dry around October, hollow bamboo-like stems remain behind.
  • Japanese knotweed height is often between 3 and 9 feet
  • Its leaves are shovel-shaped light green substances with flecks of red or purple.
  • Its stem is green with speckles of green or purple.

 

Does Japanese knotweed damage a home?

 

Yes, Japanese knotweed can damage your home severely. It sprouts at the start of spring and grows faster and aggressively, crowding out other plants.

 

Japanese weed can be seen sprouting through cracks in pavements, car pack tarmacs, floorboards, and walls, often forming huge dense clamps that go up to 9 feet high and cover a wide area rendering the garden section unusable.

 

It can damage the driveways, walls, and fences. That’s because its rhizomes and roots exert pressure, causing weaknesses and cracks, which the plant exploits to spread into new areas.

 

The roots and rhizomes can also wreck and block drainage pipes and even lift the pipes out of the ground. It’s not friendly to cables and other underground infrastructures either.

 

Where you are most likely to find Japanese knotweed

 

How to tell if your house is at risk of Japanese weed? While it’s easy to confuse the pest with other plants, a few neighbourhood risk factors are high indicators of the shrub’s presence.

 

These include:

  • The proximity of the property to a lake, canal, pond, culvert, or any other water source
  • Proximity to large industrial buildings, storage depots, and workshop
  • Car park tarmac, unused homes, or derelict land

 

If you are not confident in your perception skills, you can hire experts to check for your home’s weed presence. Indeed, some people have made a whole industry out of Britain’s most nuisance plant, helping homeowners eliminate it without mercy. Japanese knotweed removal firms can help you identify and eliminate the plant. You can also contract a trained RICS surveyor.

 

 

Selling a house with Japanese knotweed in the UK.

 

Can you sell a house with Japanese knotweed? Yes, you can sell a house with Japanese knotweed, but it won’t be easy. The plant is notorious for its devastating effects on the property market, leaving the government buried in Japanese Knotweed laws. Just a few years back, mortgage lenders wouldn’t even dare touch cases involving the perennial plant. It’s estimated that an infestation by the weed causes losses to up to 10%, if not more.

 

Difficulties you may experience when selling a house with Japanese knotweed.

 

If selling a house with Japanese knotweed is not something you’ve tried before, you’ll find it very challenging. Under UK law. The weed is a controlled plant. That means you have to watch out for it to keep it from spreading out of your garden. You also have to be transparent about the menace when selling the home. Examples of questions homeowners have about selling a house with Japanese knotweed problem include:

Do I have to declare Japanese knotweed to the buyer?

 

Yes, you have to declare the weed issue so the buyer can make an informed decision. Inform both your estate agent and potential buyers. You may not be aware that estate agents have to act according to consumer protection regulations and market a house in a way that represents its true value. If they’re found to be misrepresenting a house so as to drive up its price and a quick sale, they may be reported and even banned from the profession.

 

Failing to disclose the information on your part can also lead to lawsuits if the buyer discovers you intentionally hid the problem to trick them into buying the property. You may even end up paying more than the profit you got from the quick sale.

How much does Japanese knotweed devalue a property?

Considering the costs involved with its removal and repairing damaged areas, the weed can have a big impact on a house sale. Indeed, statistics reveal that 75 % of potential homebuyers won’t take a second look at a house with Japanese knotweed menace.

 

Statistics also indicate that the weed can devalue a home by up to 15% and sometiems more, resulting in a difference of up to thousands in pounds in the homeowner’s income from the sale. Usually, the devaluation is equal to the cost of eliminating the plant and restoring the home to its original value. In some cases of unchecked infestation, the house may be devalued completely.

How to sell a house with Japanese knotweed?

 

What are my options when selling a property with Japanese knotweed problems? If you’ve discovered Japanese knotweed in your property, just as you were about to sell, it doesn’t mean the end of prospects. Japanese knotweed is no longer the rogue agent it used to be. Most people are aware of it now, and there are ways to deal with it.

 

Don’t hide the information from potential buyers in an attempt to get a quick sale. Come clean about it, and try to use the following options to sell the house:

 

Ways to sell a house with Japanese knotweed problem:

An upfront sale

 

An upfront sale is where you disclose the weed menace to the buyer and take extra measures to ensure they are comfortable and likely to secure a mortgage from their lender. For example, you may offer to completely remove the plant or pay for an insurance-backed treatment plant before they purchase the house. However, it’s unlikely your insurance will cover the weed removal expenses; you may have to dip in your pocket for the job.

How to get rid of Japanese knotweed?

 

Getting rid of Japanese knotweed is not easy, but it can be done. Indeed, some people have made a career out of the Nuisance plant. Weed removal firms can provide solutions to eliminate the plant from your home.

 

However, before you start dealing with the weed, make sure to find its origins. It’s foolish to remove the plant in your home when it’s spreading in from your neighbour. That means an infestation is just a rhizome away.

 

Also, keep the receipts and a detailed report of the process, where it was done, and by who. Declare how big the infestation was too. Buyers will want this information to assure mortgage lenders.

The Cost of Japanese knotweed removal cost?

 

The cost of Japanese knotweed removal varies depending on the extent of the infestation. Most companies charge per square meter of the infested area. However, firms don’t use the same rate. Also, regardless of the cost, any treatment plan must include 10-year insurance to guarantee treatment will be completed even when the original removal firm no longer goes out of business.

 

Advantages of an upfront sale:

  • If the buyer is aware of the weed problem and decides to go on with the purchase, they’ll be liable for its treatment and removal.
  • Coming clean helps avoid lawsuits later.

 

Disadvantages of an upfront sale

 

  • Some buyers may want to take advantage of the weed presence information and stifle you on the offer.
  • There’s still a stigma surrounding weed Japanese knotweed infested properties, and a lot has to be done to prove the issue is under control to get a mortgage. Hence, they’ll not get the mortgage if the house sale fell through.
  • The house will likely sell below its market value
  • DIY weed removal solutions won’t be satisfactory -lending companies, buyers, and their solicitors only trust works done by professionals.

 

Selling at auction

 

If you cannot find an offer on the property market, consider listing the property at your local auction sale. Selling at an auction is a radical idea but assures results because it will be marketed continuously until it attracts an offer.

Advantages of selling a house with Japanese knotweed problem at auction include:

  • Results are guaranteed because the house is advertised repeatedly until someone makes an offer on it.
  • Agreements reached at auction sales are binding.
  • In seasons of high demand, competitive bids may drive up the offer leading to a profitable sale.

 

Disadvantages of selling at auction

  • In seasons of low demand, fewer bids may drive the price down, forcing you to sell at a loss.
  • Not everyone likes the competitiveness of bidding processes; some buyers stay away from auctions because of it.

 

Selling a property with Japanese knotweed to an investor.

 

Another option to sell a house with Japanese knotweed is to get investors to make an offer on it. Investors are direct property buyers who pay upfront cash and acquire the properties to fix and rent or sell.

Advantages of selling to an investor:

  • Investors buy houses infested with Japanese knotweed as they are. That means you don’t have to worry about fixing the house to look good, as in the case with an upfront sale.
  • Stress-free negotiations -unlike mortgage buyers who will want to take advantage of the weed problem and make a cheeky offer, investors pay according to your home’s value.
  • You can reach flexible terms of sale and even be allowed to continue staying in the home until you find a place of your own.
  • No middlemen fees. It’s just you, your solicitor, and the investor.
  • Quick sale – no waiting for banks to approve mortgage as is the case with mortgage buyers; this is a direct cash purchase.
  • No risk of missed payments, as in the case with mortgage buyers when banks discontinue mortgages. Investors use their own cash.

 

Disadvantages of selling to an investor

  • If the investor is not transparent, it’s hard to know what will become of your house. If the households sentimental values, try to determine the investor’s intentions before selling it to them.
  • Investors may not pay the home’s full value; they may subtract an amount to cover the weed removal and treatment expenses.

 

That said, selling a house with a Japanese knotweed problem to an investor is the best option. You may not get its full price but will still get an offer on it, and that’s better than letting your product sit on the market and lose value after every sale that falls through.

 

How we can help

 

Are you looking to part with a house with Japanese weed menace? Give us a call to appraise your property and make an offer on it. Indeed, we are cash property buyers in the UK with plenty of experience buying properties in all conditions. We are transparent in our terms and always offer a fair price. Contact us today to find out how we can be of service.

selling a house with bats in the roof

Selling a House With Bats in the Roof : How to Do It Fast

If you’re looking to sell a house with bats please fill in the form below and we’ll get back to you in less than 48 hours with a cash offer



It’s no secret that selling a house is not an easy task. It will even be more difficult if some complications are discovered during the process. A survey can unearth many issues, including the presence of bats in your roof.

 

Indeed, bats are regular visitors in both new and old houses. They are tiny animals and do not make much noise, so it’s possible for them to go unnoticed by the homeowner. No matter your home’s age, it is likely bats will find a place to live within, either in the roof, under the roof tile, behind fascias, in the mortar between bricks, etc.

 

The discovery of a bat colony in a house is going to rattle any potential home seller. Selling a house with a bat problem is probably nothing you’ve ever done before. And it doesn’t help that bats are surrounded by many myths that send chills down the spine. Here we talk about selling a house with bats in the roof, what complications bats bring, and what selling options you have.

 

What are bats?

 

Bats are small flying mammals known to hang from roofs with their legs up and head down. They have beady eyes and very sharp fangs. Bats feed on insects such as beetles, mosquitos, and moths. They are shy, mild, and intelligent. They can roost in any home, no matter the age. They won’t be around all months of the year, but they’ll come back to their traditional site at the appropriate time.

 

A bat has a lifespan of 30 years. They are surrounded by myths and have been called frightening and sinister and even inspired the dark comic Batman, about a masked vigilante, out for revenge.

 

 

Where are you most likely to find bats?

 

Bats can live in any house, but they prefer old homes with many gaps between the roof and the walls. That’s because they can hang in the gaps and rest undisturbed. Your house is likely to have a bat menace if it meets the following characteristics:

  • Built before 1914
  • Has a warm, south-facing roof
  • The roof has large voids
  • Leaky roof materials creating many access points at the roof joints
  • Located in the rural areas or close to foraging
  • Minimal external lighting

 

How can bats damage your house?

 

It’s unlikely that bats will damage your house. After all, they are small, harmless mammals that rarely make significant noise. Bats won’t damage your house insulation; chew through wood and walls like rodents and mice.

 

Indeed, they don’t use beddings or come back from their hunts with insect prey to mess up the house. Furthermore, their droppings crumble to dust and rarely foul the house.

 

That said, if the bat colony is large, some issues may arise. Bat droppings are rich in corrosive uric acid. That means too many bat droppings can eat away at metals and clay structures on your roof. With time, bat urine and dropping buildup can cause staining and foul smell.

 

Can you sell a house with bat issues in the roof?

 

Even though bats are a protected species, nothing prohibits the sale of a home with bat issues; you just have to disclose the information to the buyer. However, finding a buyer for a house with bat issues is likely going to be difficult. Most people don’t know that bats are small harmless mammals; instead, they are enshrined in negative stigmas, and depending on the size of the colony, you may have to do some fixing up and convincing.

 

Here are the common questions people have about selling a house with bats in the UK:

 

1. Do Home Surveyors inspect for bats?

 

Bats are a protected species, and that means they should be protected from danger. If you are planning on any construction, then the home survey must check for any bat colonies. You won’t get planning permission if it’s discovered the building work will harm the bats.

 

Bats surveys are in two parts. The first survey takes about £400, and if it unearths evidence of bats, you have to pay another £900 for a more thorough inspection. Usually, there are specific times of the year that are best for checking for bats. That’s because, between November and March, bats hibernate.

 

2. Do I have to declare bats when selling a house?

 

If a home inspection unearths bats presence, you have to disclose this information to the buyers. While it is not the news you’d like to be giving, it’s better done by you to nurture trust. Otherwise, it’s going to come up later when the buyer pays for their own inspection of the home; and they may decide you are untrustworthy and walk away without offering you a deal.

 

3. Can bats affect the value of my house?

 

Bats may be small and harmless, but in large numbers, they can cause damage and cause a house to drop in value, all right! In the case of small colonies, there’s no smell, noticeable droppings, or noise, and they may even go unnoticed. But in large colonies, bats smell awful, cause damage and scare away buyers.

 

If you are putting a house with obvious bat damage issues on the market, this will likely affect its value. Most people don’t want to live in a house with any bat problems. It also doesn’t help that they are surrounded by negative stigma.

 

4. How do I get rid of bats in my house?

 

You can remove bats from your home with the help of an expert. That’s because bats are a protected species, and Natural Wales has to be informed of any action that would harm the bats. An expert can help you with all that. They will determine whether or not the colonies can be removed and the best time for removal.

 

Natural Wales prohibits the capture, injure, or killing of bats. It also prohibits destroying their shelter, impeding their access, and disturbing their breeding. Indeed, if found guilty, you can spend six months in prison. Seek help from National Bat Helpline to be on the safe side.

 

How do I sell a house with bats in the roof fast?

 

If you are afraid of putting your house on the market because of the bat menace, you are not without other options. Here’s a look:

 

An Upfront Sale

 

An upfront sale is where you try to find cash buyers for the house. You may use your estate agent or through your own marketing efforts. Unlike investors who acquire properties to fix and rent or sell, most of these buyers are looking for a home. You will have to come clean about the bat issue, just like in other forms of sale.

 

Advantages of an upfront sale

 

  • If the demand for houses is high, you can get an offer that’s higher than your asking price
  • No risk of incomplete payments because these are cash buyers
  • If you don’t go through an estate agent, you save on commissions

Disadvantages of an upfront sale

 

  • In seasons of low demand, you may sell at a loss
  • Increased likelihood of getting cheeky’ offers

 

Selling at Auction

 

You can list your house in your local auction and invite potential buyers to bid for it. You’ll have to disclose all the information about the house history, and every bidder will be aware of the bat menace. Selling at auction is a radical tactic that guarantees results:

 

Advantages of selling at auction include:

  • The house will be marketed over and over until its sells
  • The buyer must honour the agreement made at an auction sale
  • In case of high demand, you may end up with bids higher than your original asking price.

 

Disadvantages of selling at auction sale?

 

  • Low demand for houses may cause lower bids.
  • The bidding process is usually competitive and keeps buyers who don’t like such scenarios away.

 

Selling To An Investor.

 

Investors are direct cash property buyers. They buy houses in various conditions and fix them for rent or sale. You don’t have to go through your estate agent. Therefore, selling a house with bats in the roof is the best option.

 

Advantages of selling to an investor

 

  • Investors guarantee a quick sale. Forget postponing viewings to get permission from Natural England to move bats; investors can buy your house as it is for immediate cash.
  • No middlemen expenses such as estate agent fees; this is a direct cash sale.
  • Reduced likelihood of cheeky’ offers
  • No risk of incomplete payments as is with mortgage buyers whose banks may stop mortgage when their credit status changes suddenly.

 

Disadvantages of selling to an investor

 

  • You won’t know what will happen to your house after they acquire it. Some investors may tear it down.
  • Investors may not offer the full market value. However, you will get an offer on the house, which is better than letting your house gather dust on the market.

 

How can we help?

 

So you’ve discovered bats in your attic just as you were planning to sell? Don’t worry, an offer on your house is a mere phone call away. Indeed, we are experienced direct property buyers in the UK. We buy houses in all conditions, including bat menace, fix them for rent or sale. Contact us, and we will appraise your house with the goal of making a committed offer on it.

Fill in the form below to get your cash offer in less than 48 hours!


Selling an Underpinned House

Selling an Underpinned House : How to Sell a Property With Subsidence?


So, you discovered your house had subsidence and therefore had it underpinned and are now wondering how this will affect its sale? Underpinning strengthens a house’s foundations, making it safer for occupants. However, when it comes to selling or getting the house insured, the situation complicates matters.

 

Most insurance people are cautious about insuring an underpinned house. Still, you should be able to get it covered as there’re all sorts of insurance for these types of houses. On the other hand, selling can be quite tricky, especially if you haven’t done this sort of thing before. Here is a look at some major points.

 

What is underpinning, and why is it important

 

Underpinning is any work done to support a building from below by laying a solid foundation below the ground level or by switching out weaker materials for stronger ones.

 

Underpinning works are often done if it’s discovered a house is sitting on a shifty ground, which can move or sink downwards. You’ll be told your house has subsidence and needs underpinning works done on it.

 

Why does subsidence happen?

 

Subsidence happens when the ground beneath a building starts to collapse due to changes in water levels. It may not collapse fully, but the ground sinks, taking the building with it. Buildings in certain areas in the UK are more to subsidence compared to others. Risk factors for subsidence include:

  • Soil type: if your building is standing in an area rich in clay soil, it’s at particular risk for subsidence. Clay soil is known to shrink and crack easily in dry conditions. This is mostly found in the South-east UK.
  • Period properties: it’s a fact that older buildings are more vulnerable to subsidence than new buildings because, with time, foundations weaken.
  • Water damage: in the case of leaking pipes, the ground beneath the building can soften up with time.
  • Proximity to trees: trees soak up water from the soil, alright. They can cause the nearby soil to dry up and sink.

 

How to tell whether your house has subsidence?

 

Are you worried that your property may be affected by subsidence? Not every property in the UK is vulnerable to it; however, about 3.7m homes are affected, and that casts a wide net, alright. Indeed, about 15% of the property market.

 

Check out for cracking, especially thick deep diagonal cracks. Not all cracks are indicators of subsidence; however, if diagonal cracks that are broader at the top show up suddenly, especially around windows and or doors, it’s a strong indication.

 

Check for stuck windows and doors, too. If you suddenly find it hard to open or close windows and doors, it’s probably because the ground beneath the building has shifted. Sure, temperature changes can also cause doors to expand or contract; however, it’s always wise to bring in a building expert to be sure.

 

Another strong indicator of subsidence is a slanted look when one side of the house is affected by subsidence sinks while the other remains intact.

 

Selling an underpinned house in the UK.

 

If you’ve had your house underpinned, it could be challenging to get an offer on it in the future. However, it isn’t easy to generalise. Indeed, it’s possible for buyers to fall in love with an underpinned house. In areas where subsidence happens a lot, most people aren’t bothered much by an underpinned building. Also, keep in mind that underpinning doesn’t necessarily imply subsidence. It can be rewarding to be wary, though.

 

So, what most buyers will do is order a full structural survey of the property, and this will tell if there’re any enduring issues. Some of the questions most homeowners have about selling a house with subsidence include:

 

How much does subsidence devalue my property?

 

With the possibility of subsidence happening again, putting occupants’ lives at risk, and the expected cost of fixing it, again and again, your house is going to lose value. Alright!

 

Indeed, a house with subsidence can lose up to 20 % of its value. Most buyers will commission a structural survey, examine the root cause, look at the neighbouring properties and follow repairs documentation. Keep in mind that even if the drains have been fixed, it’s no guarantee that the problem won’t come back; underpinning must be the final stage of the process.

 

Do I have to declare subsidence when selling?

 

Yes, you have to declare subsidence when selling. It’s good to be open and honest to potential buyers. While it could mean a reduced offer, it keeps you from lawsuits in the future.

 

If you’ve filed a claim for subsidence before, it’s important that you pass the name of your insurance provider to the buyer. That way, they can keep the cover for when the problem happens again in the future.

 

How do I get subsidence fixed so I can sell my house?

 

Subsidence is a homeowner’s nightmare, and as stats show, it’s a problem that’s all too prevalent. Once spotted, you must deal with it quickly because your option becomes very limited if you let it grow.

 

If you spot subsidence, get in touch with your home insurance provider immediately. They will want a full picture of the situation, no doubt. The sooner you inform them, the quicker it can be fixed, and you get your monetary compensation for your troubles.

 

The insurance will send their loss adjuster to assess the situation, and then the company will dish out advice on what you can do. Sometimes, they may deny compensation if your cover is not comprehensive enough or the problem is not big enough to warrant the claim. Indeed, the process may take years.

 

What are my options for selling a house with subsidence quickly?

 

If your underpinned property cannot attract an offer on the market, leaving it listed for too long will knock down its value. Buyers are going to get wary and suspect the issue is bigger than you are putting it to be. You can always try taking it off the listing and finding buyers off-market. Here are a few off-market options to sell an underpinned house quickly.

 

An upfront sale

An upfront sale is where you try to find cash buyers for the house. You may use your estate agent or through your own marketing efforts. Not all property buyers depend on mortgages; some use their own cash. Unlike investors who acquire properties to fix and rent or sell, most of these buyers are looking for a home. You will have to come clean about the bat issue, just like in other forms of sale, and depending on demand, you can get a good or fair offer on the property.

 

An auction sale

Another way to sell an underpinned house off-market and that guarantees a sale is to list it for auction. An auction sale guarantees continuous marketing until offers are made on the house. The winning bid deposits 10% of the amount upfront and promises to complete payment within 28 days.

Auction sale agreements are binding, and depending on the demand, you can get bids higher or lower than your asking price. However, auctions tend to keep away buyers who don’t like competitive bidding. That means you lose out on some potential buyers.

 

Selling to an investor

 

The last and best option is to sell the underpinned house to an investor. Investors are direct cash property buyers who acquire properties in all conditions for fixing then rent or sell them.

 

Selling to an investor is advantageous. They buy properties in conditions they are in, so don’t worry about fixing yours up to look good. Also, unlike cash-strapped buyers who would want to drag out negotiations thinking you’ll get tired and lower the asking price, investors guarantee a quick sale.

 

Another advantage is that there are no middlemen to deal with. Because this is a one-on-one sale, you won’t have estate agent expenses to pay up. Furthermore, unlike mortgage buyers whose mortgage may be stopped by the lender anytime their credit status changes, there’s no risk of incomplete payments with investors. Investors use their own cash to buy properties and guarantee immediate payment.

 

Like an upfront sale and selling at auction, investors won’t pay the market value of the house. Still, you are guaranteed a committed offer on it, unlike in an upfront or auction sale.

 

How can we help you sell an underpinned house?

Are you looking to part with an underpinned house quickly? An offer on it is just a phone call and an appraisal away. Indeed, we are reputable cash property buyers in the UK with years of experience buying houses in all conditions. A subsidence problem shouldn’t strike fear in your heart. We can come, appraise your property to make you a fair offer on it.

 

Unlike individual buyers in an upfront sale or auction who may want to stifle you on the offer. We offer a straightforward way to get your house appraised. Give us a call today to find out how we can help.

What is an assisted sale, and how can it help you sell your house

What is an assisted sale, and how can it help you sell your house?


If you are looking to sell your house quickly, using the services of an investor or an assisted sale company might be the best way to go. If your house has been gathering dust on the market for some time now, getting an investor or a house buying and sale company to assist with the sale might also be the answer.

 

Not all houses move quickly on the market. While most UK homes take about 18 weeks to sell, it depends on market conditions, the price, solicitors and estate agent competency, etc. For example, in ‘hot’ market conditions, houses can sell under 15 weeks, while in ‘cold market, it can take up to 25 weeks to sell.

 

If you don’t want your house to turn into a stale listing, sitting on the market for long, you can hire the services of an assisted sale company.

 

What’s an assisted sale scheme?

 

An assisted sale scheme is where property owners sell their property through an investor or an assisted sale company at a guaranteed price, usually the house’s market value. An assisted sale scheme can help you part with your property quickly.

 

How does an assisted sale work?

 

In an assisted sale, the investor or company guarantees a price and delivers a cash payment of the portion of your equity in the home, with the rest to follow after the final sale. The investor assumes responsibility for selling the house and does everything to get an offer; if they fail, they won’t ask for the cash advance back; instead, they absorb it as a loss and close the book.

 

An assisted sale is ideal if you have an active mortgage on your house. Until the final sale, the investor assumes responsibility for the mortgage on your house, with permission from your mortgagee, of course. Your solicitor must prepare a legal contract to support the assisted sale.

 

Assisted sale option and the pros and cons of each

 

Assisted sales reduce stress or any extra costs of selling a house on the owner’s part, and you can walk away without wasting much time. For homeowners looking to sell their house using assisted sales services, you have a few options. Here is a look:

 

1.   Using the lease option

 

As a property owner looking to sell, can sign a legal contract, now, with an assisted sale company or an investor as the property �buyer.’ The contract gives the investor the right to buy your house between now and a later date, at a predetermined price. The agreed future price is also known as the ‘strike price.’ After the contract is signed, the investor advances the owner some cash as a fee for the option. The option fee depends on your stake in the property and cannot be less than £1.

 

Why use a lease option to sell your house?

 

There are several reasons to choose a lease option over other forms of assisted sale; here’s the breakdown.

 

·   Speeds up the sale: preparing and executing a lease option is easy and fast. A lease option is especially beneficial when you want to get out of missed mortgage payments or a repossession fast. It’s also great for selling just a house in any condition fast.

 

·   The investor assumes responsibility for your mortgage, insurance, and utility bills associated with the house. They will also be responsible for repairs, upkeep, and council taxes.

 

·   Property can sell at prices above their current market value: premium sales are possible with a lease option; this can be included in the contract agreement.

 

Disadvantages of using a lease option

 

A lease option is now without its drawbacks; here is a look at the negatives:

 

·   Additional stamp duty cost: to regulate the real estate market, second property purchases usually incur 3 % extra stamp duty charges. This extra charge is usually included in the options fee.

 

·   You may need permission from your mortgage lender: the lender may require assurances that the investor will keep up with mortgage payments.

 

·   Some solicitors aren’t experienced in lease options: of course, solicitors play a crucial role in property sales; they draw up contracts and facilitate quick agreements and sales, but if your solicitor is not experienced in lease options, selling the house will be difficult.

 

·   Even if you won’t be responsible for making the mortgage payments, the amount will be deducted from your share of the sale, eventually.

 

 2.   Cash advance

 

An assisted sale with a cash advance is structured just like a lease option but with a short final transaction timeline. In a lease option, the investor pays the strike price, takes over the house, and assumes mortgage responsibility at a specified future date. On the other hand, an assisted sale cash advance delivers some cash now, depending on the property’s agreed estimate, minus the outstanding mortgage.

 

Why use an assisted sale with a cash advance option?

 

There are a few benefits of opting for an assisted sale with a cash advance option; here’s the breakdown:

 

·   Fast sale and pays most of the equity in advance: unlike a lease option, an assisted sale with a cash advance option has a shorter transaction timeline and pays a big part of your stake in the house in advance.

 

·  The investor takes over mortgage payments; the investor assumes responsibility for the outstanding mortgage payments between signing the contract and the final sale when part of the proceeds goes to settling the mortgage entirely. They will also be responsible for repairs and upkeep, insurance, utility bills, and council taxes.

 

·  It helps sell a house with damp or any other problem fast.

 

What are the disadvantages of an assisted sale cash advance?

 

There are disadvantages to going with the assisted sale cash advance option. These include:

 

·   Ultimately, the buyer is responsible for the mortgage: the investor deducts from your sale profits to compensate for the mortgage they paid on your behalf.

 

·   Extra stamp duty cost: you incur a 3% extra stamp duty if you buy a new house before the lender sells the first; this stamp duty is reclaimable once the old house sells.

 

·   Mortgage lender agreement: you may need consent from your mortgage lender.

 

·   Solicitors don’t understand assisted sale and may bungle up the contract.

 

3.   Assisted sale no cash advance

 

This form of an assisted house sale offers no cash advance except for a £1minimum option fee, so the contract becomes legally binding. Usually, the investor will require the owner to move out at a moment’s notice; it works better if there’s no outstanding mortgage. Still, you can use it to sale a home in any condition, faster.

 

Why use assisted sale with no cash advance option

 

There are several reasons why you might want to use an assisted sale with no cash advance; here’s a look:

 

·   If your house is empty and needs a few updates or modifications: you can use the option to sell a probate house that needs some modernisation instead of offering it to a builder for less. That way, the investor can fix it before the final sale, guaranteeing the best value.

 

·   No stamp duty charge until the final sale: the investor will draw up a contract document taking control of the house, but the ownership won’t change until after the final sale, so no need to charge you the 3 % stamp duty fee until the final sale. But when you sell to a builder, they will undoubtedly factor in the stamp duty fee at the moment.

 

·   Increase your profits in the sale: You only put the property in the market, and it’s the work of the investor to fix and update it, so it attracts a higher value. That means your profit in the final sale increases too.

 

The disadvantages of an assisted sale no cash advance

 

An assisted sale with no cash advance has the following potential disadvantages:

 

·   The owner has to wait for cash: investors withhold cash until the final sale after fixes and updates have been made.

 

·   The additional 3 % stamp duty is still your responsibility. the good news is you can reclaim the tax expense of the house sales within two years.

 

 4.   Builder’s assisted sale.

 

You can also use a builder’s move scheme to sell your property fast but must agree to buy a new house from them. Builders and developers have such schemes to help owners sell their houses quickly so the builder/developer can sell off another house on their development.

 

Advantages of builders assisted sale.

 

Property owners who are for builder’s assisted sale loud the following benefits:

 

·    Fast sale: in most cases, selling a house with a builder’s help usually takes just six weeks.

 

·    The builder/developer coordinates with your estate agent for a quick sale: assisted can work with your estate agent to value the house and may even offer to take care of the agent’s fees.

 

·    It allows you to select your new property with the builder/developer: this is usually done at the start of the process, and the selected property will be reserved for you for about four weeks.

 

Disadvantages of getting the help of a builder or developer to sell your house

 

There are a few disadvantages of builder assisted sale schemes; these include:

 

·    You have to buy a new home from the developer or builder offering to move your house.

 

·    The builder offers a lower amount for the home in case repairs are needed.

 

·    Builders and developers usually offer below market value to maximise profits.

 

Are you looking to sell your house using the services of an investor or an assisted sales company? We can advance you a portion of your stake in the house, in cash, and assume the responsibility of selling your house faster. Assisted sale services are for any house, no matter its conditions. Give us a call today to discuss the sale of your house.

Selling a House with Noisy Neighbours: How to Do It Fast

Selling a House with Noisy Neighbours: How to Do It Fast


Beyond market conditions, the asking price, and the competency of solicitors and estate agents, enduring and sometimes historical issues can affect property sale.

 

Most people want a quiet place to work or relax after a long day of hustling at the office. It’s difficult to relax when a neighbour’s kid is always putting their DJ ambitions on display with loud music or throwing parties, with the smoke from their barbecuing activities wafting its way into your compound.

 

Noise is the leading cause of neighbour quarrels.

 

Noise from neighbours can come from various activities and can result in disputes. Therefore, when it comes to buying a home, most buyers are keen to avoid noisy neighbourhoods.

 

A recent study published that 6 in 10 people in the UK complained about loud neighbours citing irritations such as loud music and raised voices.

 

Do I have to disclose noisy neighbours when selling a house?

 

As a property seller, you may be tempted to avoid disclosing the noise problem to the potential buyers, hoping the neighbour stays quiet during viewings. But doing so risks a legal action. You may end up being sued by a disillusioned buyer after they discover that you inadvertently left out the noise issue to sell the house much faster.

 

What information are you required to provide?

 

Before selling the property, you will be required to fill the Sellers Property Information Form TA6 from your conveyancing solicitor. A copy of this form will be mailed to the buyer’s legal representative.

 

In this form, you will provide all the necessary information about your home and how you have used it so far. You will also be asked if you have had any disputes with your neighbours or if there have been any complaints about your house or any nearby house as well. The form TA6 is a legal document that forms part of the sales contract. Therefore, you should fill in all the information requested honestly to avoid landing into legal mayhem.

 

Will noisy neighbours cause your house to sell for a lower value?

 

Noisy neighbours will undoubtedly impact the sale of your home, but the degree of the impact depends on different factors; here’s a look:

 

The location of the home

 

Sometimes the property is in an area with great schools and incredible commuting options, and therefore the buyer won’t mind a little noise from the neighbours. For example, most buyers expect urban environments to be a little bit noisy. That’s the price for living in well-built houses with better transport network access and improved social amenities.

 

On the contrary, if the setting is less than ideal, the information that the neighbourhood is noisy makes matters worse. Your property may sit on the market for too long, and after some time, you may have to start considering low offers.

 

The kind of noise

 

Different people can tolerate different types of noises. For example, a family with teenagers won’t mind settling in a neighbourhood comprised of similar families. In this case, the carefree antics of teenagers and noise from pets isn’t a turn-off.

 

On the other hand, a bachelor or any other single person or just a family of two won’t tolerate a neighbourhood full of families with rambunctious children and loud-barking dogs.

 

Equally, older adults are not likely to buy a property in a neighbourhood full of hard and loud-partying students or young professionals or families.

 

The action you’ve taken in the past

 

Have you made a formal complaint about your noisy neighbours to the police or local council? To some buyers, this may be a turn-off, as it makes the problem seem serious. In other cases, the knowledge that a formal complaint has been made is comforting, more so if the noise is no longer an issue.

 

How to deal with irritatingly loud neighbours when selling your home

 

If your neighbour is noisy, this is an issue you have to resolve before listing your house. Otherwise, it can rear an ugly head just when your estate agent has finally managed to invite an incredible crowd of potential buyers and bang! -goes any fond hopes of selling your house quickly.

 

Trying to resolve the issue before listing your property is wise. You will still have to declare the noise problem in the TA6 document, but the sale will go much easier if you can demonstrate that you have reached an amicable solution with the neighbour. It will also leave you with clear conscience once you part ways with the house.

When it comes to resolving the noisy neighbour issue, you’ve got a lot of options; here’s a look:

 

Have an informal talk with your neighbour

 

Constructive dialogue is king, so before rushing off to the police or local council, sit down with the neighbour for a one-on-one. When you go to talk with your neighbour, be prepared with all the information. It’s always good to jostle write down a few important points for a smooth conversation. Make sure to tell them what the issue is, exactly.

 

Time your conversation well; it may not be a good idea to tell them their children are loud just when they are handling children-related chores. Also, provide examples of when the noise is worst so they can deal with it accordingly.

 

Don’t be irritated if you discover they are unaware their activities are a source of distress. In most cases, neighbours are oblivious that their actions are causing a lot of noise, politely informing them is only but the neighbourly thing to do as they may be willing to correct their actions. Maintain calm for a constructive dialogue

 

If the source of the noise is music or children, they can sort it out easily. On the other hand, a loud-barking dog will require extra effort on their part, so be prepared to make compromises. For example, explain that you will be having visitors over to check out your house with the intention of attracting an offer. But don’t give them any ideas that you are moving because of the noise issue.

 

You can reach an agreement such that you inform them when the visitors arrive, so they keep their kids quiet, inside, with fun activities or take that loud dog out for a walk in the park.

 

Inform your estate agent about the issue and compromises reached so they know when to schedule house viewings; otherwise, if you keep postponing viewings without telling them the reason, they may think you are just being uncooperative regarding the viewings timetable. Help is always available when needed!

 

Use the mediation services of your local council.

 

Generally, most people worry about what their neighbours think of them. They don’t want to earn a bad rap in the neighbourhood. Therefore, informal negotiations work well in most cases.

 

However, if informal talks don’t work because your neighbour doesn’t care, you can suggest that you both meet with a mediator. Your local council can provide mediation services, so you can also contact them, and they will send the neighbour a formal letter of complaint and invite him/her to mediation talks.

 

They may even get in touch with the landlord in case of rental properties. Mediation is the final step before deciding on legal action, so the neighbour may be more inclined to listen and resolve the issue.

 

Take legal action

 

If everything else fails, it’s best you take legal action by bringing a statutory nuisance complaint to your local council. You can say the noise is a statutory nuisance if it occurs regularly and persists for a time interval making it unreasonable. For the noise to be considered a statutory nuisance, it must be regular and persistent in a manner that makes it unreasonable. The council will assess your complaint and take appropriate action.

 

Legal action should only be used as a last resort. Ever heard the phrase ‘you can catch more flies with honey?’ That means a friendly casual conversation is likely to go well than an official letter of complaint or a visit from the police!

 

Should I lower the price of my house?

 

Selling a house in a neighbourhood with noise issues is hard; asking for a lower price can help sell faster. Just make sure to inform buyers that the lower price is because of the noise issue, so they won’t sue you or ask for financial compensation alleging that you failed to disclose the noise issue.

 

Lowering the price and making it clear that it’s because of noisy neighbours helps avoid delaying the listing while you try to reach a compromise with the neighbour. Most importantly, ask for advice from your conveyancing solicitor regarding your specific circumstance.

 

I can’t sell a house with noisy neighbours, what are my options?

 

If you are unable to get an offer on the listed house because of the noisy neighbour problem, don’t despair; there are a few ways to sell it faster.

 

An auction sale

 

Declare the noise problem and invite bids on the house at an auction. Though selling your house at an auction is an extreme move, it guarantees results.

 

Advantages of selling your house at an auction include:

 

  • The house is marketed over and over again until contracts change hands and the buyer deposits 10% of the price upfront

 

  • Agreements reached an auction sale are legally binding

 

  • You may attract bids higher than your initial asking price; higher demand may drive bids up

 

What is the disadvantage of an auction sale?

 

  • Low demand for properties in your area may drive bids down, leading to an unsatisfying price.

 

  • To attend an auction, potential bidders must register; this may keep some of them away.

 

  • Additionally, the bidding process at an auction is competitive and keeps away some buyers who don’t like competitive scenarios.

 

Selling to an investor.

 

Investors buy houses in all various conditions, including the noise problem, on cash. They fix the houses for rent or sale.

Selling to an investor is a direct cash sale, so no estate agent contracts or fees because they won’t be involved; it’s only you, the seller, and the cash investor.

 

Why sell your house to an investor?

 

  • Quick sale: investors guarantee a quick sale as you won’t have to postpone viewing to negotiate with the noisy neighbour; you will receive cash, move out and leave the investor to deal with the noise issue.

 

  • You can negotiate with the investor for flexible terms of the sale: for example, you may ask for an extended stay if you haven’t yet bought a new home.

 

  • You won’t incur expenses related to estate agent services as this is a direct sale.

 

  • Maximises your earnings from the sale since the house won’t sit on the market and lose value in turn

 

  • Avoid dealing with unscrupulous buyers who may want to use the noise issue to drive the price down.

 

  • Investors offer cash immediately, eliminating the risk of completion, as is the case with mortgage buyers when the lender denies the mortgage due to a change in credit status.

 

Disadvantages of selling your property to an investor

 

  • Some investors are always not honest about their intentions regarding your house; they may very well end up tearing it down.

 

  • Investors may not pay the full market value of your house; however, you are sure that your house will sell, and that is reason enough for some people to sell to investors.

 

How we can help?

 

Are you looking to sell your house with noisy neighbour issues to an investor? An offer on your property is just a phone call away. We are experienced cash property buyers in the UK with a reputation for offering the best price on houses. Indeed, we buy houses in all conditions, including those with noisy neighbour problems, then fix them for rent or sale.

 

Contact us today for a no-obligation quote on your house. We provide a simple way to get your problematic house appraised with the intention of making a committed offer.

House Sale Fallen Through

House Sale Fallen Through What to Do and Why House Sales Fall Through

Selling a house usually takes many steps and much effort, so even if sellers and estate agents know better than to uncork champagne before the deal is successful, it can be hard to resist. But you really shouldn’t celebrate just yet. Stats show that property transactions do fall through from time to time. In 2019 alone, about 25 percent of house sales in Wales and England failed before completion, with the main reason being a change in mind on the buyer’s part.

The news that your house sale has fallen through can surely be disappointing. In some cases, you can blame a failed deal on the buyer’s financial situation; in others, the estate agent has every reason to do with it; and still, in some cases, there’s no one to blame but a diffident market.

Selling the house to an investor is always the best alternative. Investors are people or entities with cash reserves to purchase old properties to refurbish and let. Unlike other buyers who mostly depend on mortgages that may get rejected, selling to an investor guarantees a quick sale with the potential for flexible terms.

Looking to sale your house without going through the hassles of dealing with a diffident market or inexperienced mortgage buyers? From distressed to off-market properties, we are experienced cash property buyers and will enthusiastically appraise your house with the hope of making you a binding offer.

 

What does a fall through mean?

If a property deal is said to have fallen through, it means the sale has failed because the buyer has withdrawn his/her offer. In a standard property deal, the buyer and seller have to commit to specific terms and conditions, but just because you’ve received an offer doesn’t make it a done deal. The England and Wales property transaction system is inefficient. Private treaties are not legally binding until contracts are exchanged.

From the time you accept the buyer’s offer until the final step of the transaction, a property sale is said to be pending. Usually, there are 50 days between the offer and completion of the sale. During this period, a lot can go wrong, taking the offer off the table.

It can be very heartbreaking to learn your house sale has fallen through. At the very least, a failed property transaction can be inconveniencing and expensive. Not only will you feel bad, but when you fail to complete a sale, you may end up financially devastated, especially if you spend your cash advertising the property. You will also have to pay your solicitor.

 

Why do house sales fall through?

Property transactions fail because of various reasons, and while some reasons are completely beyond your control, others are totally avoidable. Understanding the alternatives available to you can help avoid stress.

Here are the categories of reasons some house sales fall through:

The buyer is denied a mortgage

If you are selling a property on-market, you have to assume that most buyers will be using mortgages and verify that the buyer has received an agreement in principle’ from the lending company. Without an AIP, it’s unlikely the buyer will be able to afford the house.

But even if they have an AIP, it doesn’t guarantee they will receive financing. Lenders can always change the specifics of the deal if the buyer’s financial circumstances change. If the contract has a financing contingency, the buyer may possibly leave without penalty.

Survey reports indicating structural problems

Most buyers want a house that’s ready for use, not one that needs a bit of fixing. They’ll require a home inspection before contracts can exchange hands. Now every property will have problems; the key is to keep issues minimal. If the professional home inspection unearths major deficiencies requiring big-time renovation projects, the buyer may use such findings to strangle you on the offer or back out altogether.

The property gets appraised lower than the asking price

Buyer’s mortgage companies, too, look at professional’s appraisal and inspection reports before approving mortgages. If the house is appraised lower than what you asked for, they may decline the mortgage or approve only for the amount in their reports and ask the buyer to provide the rest.

The buyer is unable to sell his/her home

A slow chain of properties on the market can also cause property transactions to fail. Many property movers belong to a chain involving buying and selling a house at the same time. This may not be easy because while most homes are saleable, some take longer than others for many different reasons.

If you receive an offer on your house from a buyer that has to sell their house first, don’t count on the deal because if the buyer is unable to sell their home, they won’t have the finance for your house.

If you agree to a house sale contingent offer, always keep in mind the existing market conditions. For example, take a look at the DOM. DOM stands for Days on the Market; the average DOM can give you an idea of the length of time it takes a property to sell.

Outstanding liens or a title dispute

Nobody in their right mind is going to purchase a property with outstanding judgments, a title dispute, unpaid contractors, or even taxes. Before finalising the deal, the buyer will get professionals to verify that it’s clean on all accounts. A home with outstanding liens and title issues takes a long to sell because resolving the issues takes a while.

Inexperienced estate agents

The job of estate agents is to facilitate transactions. They work with their clients to find suitable properties or buyers. They’ll list your property, market it, and prepare it for showing, and work to convince buyers to make an offer.

But sometimes estate agents mishandle property transactions, and poof -the offer is gone. A bad estate agent won’t keep up with contract dates and do proper follow-ups. They will also have little patience through negotiations, scaring potential buyers away. With a bad estate agent, your property is going to be sitting on the market for quite a while.

Problems with the completion of documents

For a property transaction to complete successfully, there are some documents that have to be reviewed by the solicitors representing all the parties involved. If there are major issues with completion documents, a property transaction can fall through. Some of the most common problems with completion documents include outstanding liens, missing heirs, previous bankruptcies, public record errors.

Buyer’s remorse

Buyer’s remorse is when the person who presented an offer on your property experiences a change of heart and opts to continue renting instead of buying.

The exact reason for buyer’s remorse is hard to pinpoint, but inexperience has something to do with it. First-time buyers, especially, tend to overestimate the amount they can afford or misjudge the timeline, then feel overwhelmed near the finish line and use a contingency to exit the contract.

Gazundering and Gazumping

Okay, ladies and gentlemen, we are not talking about fairy tale characters here; these are words used to describe property buyers and sellers’ behaviour. Specifically, gazundering is when a buyer reduces their offer on your property last minute.

On the other hand, Gazumping is when you find yourself a much better offer than the one offered by the existing buyer. Gazundering and gazumping may be fun terms, but you don’t want to get caught on the nasty side of either.

Solicitors

Sometimes lawyers take too long to finalise the legal documents involved in the transaction. With increased property fraud and litigation from displeased buyers, solicitors take their time to reduce errors in property transactions and leave everyone happy, but that also means some buyers may get tired of waiting and exit the deal.

Market conditions

The property market is not fixed; it’s always rising and falling due to various factors. When the property market gets bad, most buyers put a pause on their big plans. For example, with the present uncertainty brought about by COVID and Brexit, most buyers have adopted a ‘wait and see’ attitude meaning the number of successful of transactions is now very low.

What to do if your sale has fallen through?

Spotting the signs of a transaction falling through can help take a different approach and save on time. Sometimes all it takes is just switching estate agents and or move to a new buyer. At other times, the matter can’t be helped. Still, you need not panic; you have a few options to consider.

What are the other ways to sell your house?

You always don’t have to use estate agents to sell your house. In fact, chances of a sale falling through only happen when selling through an agent; alternatives like auction sale or selling to an investor guarantee cash.

Here’s a look:

An auction sale

One alternative you have to sell your house is through an auction sale. You can sell any property at an auction. Selling your home at auction is a drastic tactic. However, it guarantees results because the house is repeatedly marketed until contracts exchange hands and the buyer deposits 10 percent of the price in your account with a legal obligation to pay the rest within 28 days.

Agreements are legally binding in an auction sale. The buyer cannot change or exit their offer. The only con is that if your property is in bad condition, those bidding on it will be aware. But even so, you may end up with a lot of bids and a better offer than your asking price.

Direct sale

A direct sale involves selling your home to cash buyers. Most home buyer companies are investors who buy homes to refurbish and rent out or sell. Direct sales are not chain-dependent, and you are dealing with someone who won’t exit the deal because of issues in your home. Investors don’t look for properties to live in; they want to refurbish and sell or rent out.

That said, watch out for entities that masquerade as cash property buyers only to ask you to pay a fee and sign many documents. Avoiding property agents only to be duped into dealing with such companies achieves nothing.

You can always tell a direct sale from other sale deals by watching out for companies that ask you to sign other stuff apart from the contract of sale prepared by your solicitor. You won’t be required to sign anything else apart from the contract if you sell to cash buyers.

Looking to sell your home?

We are cash property buyers in the UK with plenty of experience dealing with homeowners looking for a quick transaction or whose property is not attractive for mortgage lending. We will happily assess your property with the hope of making you a binding offer. You won’t have to pay any fees!

How can we help you sell your house fast?

We are cash buyers. Unlike other buyers who depend on mortgages, we pay cash. There’s no risk of closure like mortgage buyers whose loan may be stopped by the lending company anytime their credit status changes.

We buy property as is; no need to drive yourself crazy, trying to make everything perfect. From derelict properties to those structural defects, damp, wet or dry rot, and even unusual construction, we buy homes in all conditions. The renovation costs fall on us.

We offer flexible purchase agreements. What causes a break in most property sale negotiations is the lack of flexibility. What terms do you want? Tell us; we can make it work.

If you suspect a fall through because the buyer is inexperienced and may have problems obtaining money for the purchase, please get in touch with us for a free quote. We provide a straightforward way to get a committed offer on your house despite its condition. We are transparent in our transactions. We will buy your home quickly at fair market value. Contact us today for a risk-free quote.

I can't sell my house

“I Can’t Sell My House” : The Complete Guide to Selling Your House Fast


So, your home has been on the market for a while now without attracting any attention, or those that came to the showing didn’t make an offer? Property purchase and sales process can be nerve-wracking. The stress is even greater if the deal doesn’t go as expected.

While even house sales in hot markets stall sometimes, they eventually move. It’s always a good idea to sell your house fast, lest value gathering dust’ on the market. If your home has been wasting away on the market for a long time, something is not right; it’s time to take a more in-depth look and perhaps change a few things to boost your chances or look for other ways to sell it.

How long do most houses take to sell?

According to data from TheAdvisory, there’s a lot of misleading information on time to sell statistics. There’s a difference between the time it takes to get an offer, the time it takes to exchange contracts, and the time it takes to complete the sale from the first day of marketing.

Most online resources will tell you it takes an average of 4-14 weeks to sell a house in the UK, but that is not true. 4-14 weeks is just the time it takes to find a buyer for your property. From there, it can take up to 9 weeks to exchange contracts and an additional 2 weeks to complete the sale.

On average, it takes 18 weeks (4.2 months) to sell a home in the UK. That’s the mean length of time from the first day of marketing to the day of finalising the sale. Of course, the period varies depending on the market. Specifically, it takes about 15 weeks to sell a house in a hot market; in cold markets, the number of weeks rises to 25!

Regardless of the market conditions, if your house has been on the market for more than 18 weeks with little to zero attention, you have to look at factors in the play. Try to change what you can or look for alternative ways to sell all together. It’s not good for a house to stay on the market for long. Most buyers check a house’s days on the market (DOM) to gauge how fellow buyers are reacting to it and whether its price is low or high.

Most buyers believe properties with high DOM to be tainted; others believe it gives them more bargaining power to buy at a lower price. No matter the case, always try to move your property quickly.

 

Why isn’t my house selling?

According to data from a survey of professional house movers, market analysts, and other industry leaders in the UK, factors that impact a house’s sale include price, market heat, and quality of solicitors, the estate agent’s experience, and condition of the property among others. Some factors impact property sales more than others.

 

Here is a look at what may be causing your house not to sale at a fast rate.

  1. The asking price is too high.

The asking price is the major influencing factor on a house’s sale. Most sellers will list their homes higher because most buyers negotiate prices down. But oftentimes, most buyers do not go looking for properties that require negotiations; they don’t have the time or patience for the exercise. Do not always assume buyers will propose a price that can then be discussed.

How do you know if your asking price is high?

If you are convinced your estate agent is up to scratch and your home is even getting viewings but still no committed offer, the price has much to do with it.

  • Always talk it over with your agent. The best estate agents have experience in the niche market. They know how much similar homes are selling for on the market.
  • Get your property revalued. If it’s been a while since you had your property valued, arrange for a valuation to put it back with comparable homes in the area.
  • Ask less than the competition to ramp up interest in your property.
  1. The market is ‘cold.’

Market conditions impact how long properties take to sell too, and you have no power over it at all. But postponing a sale in the hope conditions gets better could help.

In a hot market, properties are in high demand, and there are even bidding wars. You have the advantage. You can set sensible prices, and the house will still sell fast.

In a cold market, demand is low, and buyers have an advantage. Setting a sensible price isn’t the best thing to do. Ask less than what sellers with similar homes are asking.

  1. Bad Solicitors

Solicitors prepare legal documents involved in the transaction. If a solicitor takes their time to respond to enquiries, the sale’s going to stall. You can always change solicitors.

  • Don’t choose cheap solicitors; they are mostly overworked.
  • Don’t go with the conveyancer suggested by your agent. Conveyancers run by corporate estate agency groups are mostly not up to scratch.
  1. Bad estate agent

In a house sales process, every little detail matters a lot. From the house’s description in the listing to its pictures, you can always tell whether your agent is keen on selling your home or just taking you along for the ride.

Different property agents have different motivations. Some really want to move houses; others are only interested in commissions, and still, some double deal by serving both the buyer and the seller.

Always look into your estate agent’s intentions. The days of suffering under a bad estate agent are long gone; you have remarkable options. If your agent shows up to meetings late, doesn’t make follow-ups, or has little patience for you, make the switch. But avoid listing your house with multiple agencies lest buyers sense desperation on your part.

  1. Long chains

A lot of property sellers always belong to chains that involve buying and selling houses simultaneously. If the property movers in your market belong to long chains, it will take a while for your property to sale.

If you receive an offer from someone that has to sell their home first, don’t count on a fast sale. While most houses are saleable, some take quite a while to sell because of different reasons. Check the stats on the mean Days on Market for properties in your neighbourhood to get an idea of how long your home is likely to take to sell.

  1. You are putting obstacles in the buyer’s way.

Many buyers want a quick sale once they develop a liking for your home. It’s always good to demonstrate that you can move quickly should they wish to move in soon.

Work with your agent to move the house too. While it’s their job to market your property, there is a lot you can do to help. Keep up with what’s happening and find out what you can do to help. Don’t be stubborn on that price; if there is evidence of staggering bids, try lowering your asking price a little.

  1. It’s not the best time of the year to sell your house.

The exact time of the year you put your home on the market determines how long it will take to sell and at what price. If you have the convenience of choosing when to put your house on the market, choose the best time of the year for a quick sale at a maximum fair price.

Most agents will tell you can sell your house anytime, but it’s because they want your business now. Other experts will tell you spring is the best time, but it’s also not that simple; the type of property and local market conditions have an impact too.

So, what is the best month to sell a house?

According to data from TheAdvisory, homes that sell fast hit the market in March. It only takes them about 57 days to get a committed offer. But the same data shows different properties sell fast at different times.

  • 1 & 2-bed flats & terraces sell faster in January, February & September.
  • 3 & 4-bed family homes sell best outside of school holidays.
  • For bungalows, the warm months of June to September are the best to sell.

Does an empty house sell faster?

While showing the buyer that you can move quickly should they demand, gives them the push to make a committed offer, showing them an empty house won’t help sell it faster.

In most cases, empty houses sell for less and take longer because they lack individuality, rooms look smaller, and buyers can spot flaws without even trying. Ask an experienced estate agent the best way to prepare your house for showing.

What to do if your house won’t sell?

Selling your house faster is always a good thing to do, regardless of the motivation. Properties that gather dust’ on the market for a long time lose value tremendously because buyers start suspecting structural issues.

Time is of the essence in real property transactions. It can be worrying seeing a property rot’ on the market without any attention. But you are not without an option. You don’t have to always sell on the market or use an estate agent.

Other ways to sell your home include:

  • Selling privately to an investor.
  • Selling to individuals, families, or couples.
  • Offer buyers a lease with an option to purchase

Should you consider selling your house with a lease option?

Selling a house to mortgage buyers or those who have to raise cash by selling their home first is not simple. Adjusting the terms of sale can make the property irresistible. One way to move a stale property is to offer a lease option.

A lease option is an agreement that lets the buyer rent a property for a specified period with an option to buy it in the end. The advantage of using a lease option is you don’t have to pay the estate agent if you found the buyer on your own. A house with a lease option may also fetch a better price if its contract is attractive.

Sell your house with a lease option if:

  • buyer needs to sell their house first to raise money for the new home.
  • buyer has credit problems that can be sorted out during the period they rent your house.
  • The buyer doesn’t have enough funds for a downpayment.
  • The buyer wants to get a feel of the new area.

You can also sell your home to a cash property buyer such as an investor to avoid dealing with the hassles of a diffident property market.

Selling your house to an investor for cash.

An investor is an entity or person who buys properties on cash to refurbish and rent out or sell for profit. Selling to an investor is a direct sale. A cash property buyer won’t ever ask you to sign any other document apart from the contract prepared by your solicitor.

Benefits of selling your house to an investor include:

  • Flexible terms of sale are possible.
  • You won’t have to pay estate agent fees; this is a direct sale.
  • Quick sales: Investors buy homes in all conditions. Forget the tiresome surveys and waiting for the market to get hot; investors provide a simple process to getting a committed offer on your property.
  • Your property won’t lose value, gathering ‘dust’ on the market. Other buyers are always looking for reasons to reduce their Offer, and a stale listing won’t certainly help the matter. Selling to an investor helps sell faster and avoid stubborn buyers.
  • Less risk of completion since investors don’t depend on mortgages

Are you looking to sell your home that has been on the market for a while? From abandoned properties to stale listings and houses with damp issues, we buy all kinds of properties. We provide a simple way to get your stale listing appraised receive a committed offer. Expect a quick sale with no risk of completion since we buy on cash, not mortgage. Contact us today for a no-obligation quote.

Selling a house with damp

Selling a House With Damp: How to Do It the Right Way

If you’re looking to sell a house with damp please fill in the form below and we’ll get back to you in less than 48 hours with a cash offer



Is it possible to sell a house with rising damp? Damp can give house occupants a hard time, alright. It is especially problematic when one is looking to sell a house. For many would-be buyers, it is a turn-off. Damp can lower the value of a property. Of course, the extent of the decrease in value depends on the level of moisture.

Are you looking to sell a house with damp? From penetrating damp to rising damp and condensation, we are super experienced property buyers and will gladly appraise your house with the hope of making you a contractual offer.

 

What is damp?

Damp is generally used to refer to unpleasant or undesirable moisture in a house. No one wants to occupy a damp house. It is very much unhealthy. Damp can have various causes inside or outside the house.

Damp encourages mould activity on furniture and walls and causes rotting in wooden frames. Damp also damages the paint and or wallpaper and leaving behind nasty stains on the ceiling or walls.

 

Do you have to declare damp when selling a house?

Section 5.2 of the UK’s Building Regulations document C, approved in 2010, requires all building structures to be resistant to condensation, penetrating, and rising damp. Specifically, walls should not allow water from the ground or rain into the building.

Walls are also required to discourage surface condensation and that their thermal performance shouldn’t be adversely impacted by interstitial condensation.

This requirement also means that you have to inform buyers on damp issues in your property. Some people try to hide damp issues from surveyors and buyers by painting over it, but the smell and look of damp are not hard to detect, plus it’s illegal.

How much does damp devalue a house?

Most buyers buy houses using mortgages. Therefore, if you are contemplating to sell a house, it’s safe to assume the lending company will send a surveyor to inspect your house for damp. In most cases, when the company surveyor identifies damp problems, the mortgage company will require an additional look by a specialist surveyor.

The mortgage lender will consider the work’s cost detailed in the surveyor’s report when deciding whether or not to lend to the buyer. If the company limits the amount the buyer can borrow, they may reduce the offer.

In some cases, damp problems are quite severe that the mortgage company denies the loan. In these situations, the seller has the option of selling to a cash buyer or fix the issue themselves. Generally, selling to a cash buyer brings in 10-20% less than the market value and an additional discount for the renovation costs.

How do surveyors check for damp?

When a damp surveyor comes in, they will use a moisture meter to check the moisture level on the walls. When they come in, they will ask where the problem is or give the entire house a quick visual inspection. Finally, they’ll use a non-invasive moisture meter to gauge the amount of moisture.

Now, just about anyone can use a moisture meter. They are not hard to operate; you place the thing on the wall or probe into it, and it will give you a reading of the amount of moisture on the wall. But just because the moisture meter indicates a wall is very wet doesn’t necessarily mean there’s a penetrating damp problem.

An experienced damp surveyor will tell you exactly what type of damp you are facing. There are various types of damp issues, some cheap to fix, others needing big-time renovation projects.

For example, condensation is one type of damp that is easy to treat. When warm and moist air meets colder furniture or walls, it loses the heat and condenses into tiny visible water droplets on the surface. When water vapour condenses on walls and or furniture, it results in obvious damages, including unpleasant spots of mould.

Another type of damp is rising damp. This is the type of damp most people know. It is caused by capillarity penetration when fluid from the ground is absorbed into the concrete or masonry and the house’s frames, leading to warped floors or eroded wall coverings.

Rain penetration causes dampness too. This is called penetrating damp. Rain can get into the house via cracks on the roof. It can also get in through the windows if the frames weren’t correctly fitted. Another way water can enter a house is if the ground underneath it unexpectedly starts to sink. This is referred to as subsidence and can be due to human activities or shift in the water table underneath the house naturally.

A damp survey can take three to five hours, depending on many different factors. If you are looking to sell a house with damping problem, it’s good to talk to a professional to assess the extent of damp and inform you on costs and options.

 

How to sell a house with damp issues?

It is not simple to sell a property with damp issues. A damp problem might negatively impact the value of your house. Prospective buyers can take advantage, make the issue bigger than it is, and give you a hard time reaching a fair price. Here are the options for selling a house with damp:

 

An Upfront Sale

If the damp issue is not a monster and can be fixed with professional repair work, you can invest in repairs and get the problem fixed before putting the house on the market.

Damp can be addressed in many different ways. A licensed expert can help you treat damp in your property. The treatment’s cost and time depend on the extent of the issue, but even large-scale unwanted moisture problems can be dealt with. In most cases, undesirable moisture proofing treatment involves injecting chemicals to keep off moisture or installation of protective barriers.

Just make sure to preserve all paperwork connected to the repair. These should include guarantees for the work and receipts. They serve to convince prospective buyers that the issue has been addressed and shouldn’t be a turn-off. And that just in case the problem comes back, the repair expert has guaranteed free fixes.

Informing prospective buyers of the unresolved damp problem

If the damp issue is too big, requiring a big-time renovation project that you cannot afford, you can leave it for the buyer to fix. This could turn away most buyers, lowering the number of offers on the house.

In case it’s a cash buyer, you can expect the house to fetch 10-20% less, plus an extra discount for the renovation costs.

 

Selling at auction

This is a more radical approach if you can’t find buyers one-on-one. If you decide to put your house up for auction, you’ll have to share all information connected to its history. Every person bidding will be knowledgeable of its damp issue. Depending on its history, you could receive large bids surpassing your original asking price.

 

Selling to an investor.

Selling a house with damp to an investor is always the best option because investors don’t buy properties to live in but rather to refurbish and rent out. They will take care of the renovation and renovation needs on their own, unlike individual buyers who may give you a hard time about fixing the damp issue.

Investors are individuals or entities that purchase properties for profit. Selling a house to an investor is characterised by as-is purchase, stress-free negotiations, and flexible purchase arrangements.

 

If you want to avoid the stress of dealing with mortgage house buyers when selling a house with damp issue, sell to an investor.

Advantages of selling a house with a damp issue to an investor include:

  • Investors buy your house just as it is. You don’t have to worry about fixing it good for showing. Investors buy to refurbish and rent out or sell.
  • Investors guarantee a quick sale because they use their own cash, unlike buyers who rely on the mortgage, which most probably won’t be approved because the house has got damp.
  • There is no risk of completion; investors pay cash, not in instalments, as buyers who depend on mortgages that the lender may stop if their credit statuses change.

Wrapping-up

No one wants to occupy a damp house. It especially impacts the sale of the house. From buyers who want to take advantage and strangle you on the offer to fewer bids in the auction market, selling a house with damp issues is not easy. In most cases, you will get offers significantly less than your original asking price.

Avoid the hassles and sell to an investor instead. Indeed, we have experience buying properties with damp issues. We offer a simple process for making a contractual offer on your property, irrespective of the damp issue’s extent. We are transparent in our dealings. Contact us today for a risk-free quote. We will gladly assess your property with the aim of making you a fair offer.

 

Fill in the form below to get your cash offer in less than 48 hours!



Estate Agent Not Performing

Estate Agent Not Performing: What You Should Do


Sell House Fast Local will help you close the sale of your property quickly and avoid dealing with uncooperative estate agents. We buy homes fast and provide immediate cash payments.

If you want to sell your home, you can use an estate agent to put it on the market, invite viewers and bids. You can also sell the property to individuals, families, and couples. The other option is to sell to an investor.

 

Sometimes when using an estate agent to sell your property, things don’t go as expected. Your property may sit on the market for quite a while without getting any offer. Sometimes the reason your house is not selling is due to economic constraints; other times, it is because the estate agent is not performing. It’s always good to understand the motivations of an estate agent.

 

Is your agent interested in making sells or gaining listings?

Some estate agents are interested in making sales. They will drum up interest in your property using various advertisements and promotions. Other agents are only interested in gaining listings; these are agents that work for commissions and are only after a fat salary at the end of the month. Once they secure the seller’s instructions, they do nothing to quicken the sale of the property.

Beware of estate agents who request an upfront fee and do nothing to move your house after securing the fee. A good estate agent should try moving your property on the market and only ask for money once results start to show.

If your house is not selling, it is always good to approach the matter with facts rather than feelings. As already mentioned, it could be due to economic constraints or a high asking price. Other times, it’s because of a wrong agent.

Signs your estate agent isn’t performing.

Not all estate agents are equal. Different agents have different motivations. Also, just because someone has an estate licence doesn’t make them Ben Caballero. While most agents are in it to do a stellar job and earn their money, others are in to take you and your bank for a ride by fabricating staggering bids, double-dipping and more. Still, some are just incompetent and lazy. Here is how to tell if your estate agent is not performing.

  1. Little to zero interest in your property

Selling a property is not always easy; still, your agent should do everything to promote it; after all, you are the one paying them. Good seller’s agents try to educate his/her client about the local housing market and help set the right price. They handle the marketing and provide tips to stage the home for viewers.

If weeks pass without any showings, calls, or interest, you should be concerned. Inquire from your agent what plans they have to bring in new buyers. Also, ask why they believe the ideas will work. Otherwise, you are wasting time with an uncooperative agent.

  1. Lack of communication

Some agents are only interested in bigger priced homes because of the potential for bigger commissions. They take on sellers with low-priced homes but treat them as lesser clients. Sometimes they even pressure clients to reduce the asking price to sell the house quickly. If you are dealing with such a client, your house won’t receive the attention it needs to sell.

Lack of communication and showing up late for meetings, coupled with little patience for your questions, signify an agent’s misplaced priorities.

  1. Poor marketing

Estate agents do a lot of marketing to increase viewership and bids for properties. They put signs on your yard, take photos for posting online, and sharing with their network of buyers and sellers. If your agent doesn’t have a good marketing plan for your property, don’t waste time with them.

  1. The listing doesn’t include enough information.

While property listings shouldn’t be ‘salesy,’ they should include enough information for buyers to make decisions. If you find your property listing is missing information such as pictures and floor plans or information is incorrect, talk about it with your agent.

  1. Incorrect property details

Misfiled paperwork, missed deadlines, and an out-of-date listing can interfere with the sale of your property. If the house undergoes structural changes while listed, your agent should update the listing information immediately. If you notice mistakes, ask the agent to make the necessary changes; if they don’t react, explore other options.

Common ways estate agents use to trick homeowners.

Apart from knowing the signs of a bad estate agent, you should also be ready to recognise the psychological manipulations agents may employ against you. Here is a look:

Fabricated staggering bids

An estate agent may manufacture staggering bids to convince you that a bad offer is the best deal you’ll ever get. Staggering bids are used to convince sellers to lower their asking price. If the bids are real, it is not illegal. However, some agents manufacture bids to get their clients to sell at reduced prices, so they can move on. Always ask to confirm the offers before agreeing to a lower amount.

Using your home to gain new business

Sometimes an agent knows the asking price is too high but still accepts to list your property and showcase it in exchange for an upfront fee. However,

the reason for their enthusiasm is not because they are interested in helping you sell your house. They just want to use it to attract unrepresented buyers and gain new business. Watch out for such agents.

Double-dipping

Double-dipping is when an estate agent avoids selling your house to the general population until they can find their own buyer; that way, they get commissions from both ends of the transaction.

If your estate agent is doing everything not to sell your home, it’s time to explore other options.

Can an estate agent make up viewings?

While most estate agents care for their clients genuinely, don’t put it past some unscrupulous agents to make up viewership. This is when they hire people to come to the open house in an attempt to reassure the seller that their marketing strategies are going okay.

Making up viewership is illegal if you can prove it. It goes against the rules of the organisations they belong to. If you suspect your agent is making up viewership, talk to them, ask for feedback on each viewing and discuss ways to improve the sale of your property. If the behaviour gets notorious, launch a complaint with their agency.

What else can you do to sell your house?

If your estate agent is taking you and your bank for a ride, don’t suffer alone, you are not without options. While terminating a contract with one agent attracts a fee depending on the clauses in the contract you signed, sometimes it is better to move on.

Other ways to sell your home include:

  • Selling privately to an investor.
  • Selling to individuals, families, or couples.

Can you sell my house privately after listing with a seller’s agent?

So, after weeks without an offer from your estate agent, you decided to promote your house yourself online and got an offer; what should you do next?

It all depends on the listing agreement you signed with your agent. An open listing allows sellers to sell their property anytime without owing the agent a commission. On the other hand, an exclusive listing may demand a commission or prohibit sale until a specified period expires. Check the agreement you have with your agent.

Selling with an estate agent vs. selling privately to an investor.

If you want to avoid the difficulties that accompany dealings with uncooperative estate agents, selling privately to an investor is the best way to go. Investors are individuals or companies that purchase homes for profit. Selling a home to an investor is characterised by as-is purchase, easier negotiations, and flexible purchase arrangements.

Advantages of selling privately to an investor include:

 

  • As-is purchase: Investors buy homes as they are for fixing and flipping. Fixing areas in the home is their responsibility. You don’t have to agonise about fixing the kitchen, landscape, curb appeal, etc.
  • Quick sales: Investors finish agreements quickly because they don’t rely on bank loans, unlike most individual buyers
  • Flexible purchase agreements: From assuming responsibility for your mortgage to a sale-leaseback offer where they agree to rent you the house back, investors allow flexibility in the purchase agreement.
  • Little risk of closure: Most investors use their own cash to pay for properties. On the other hand, individual buyers rely on mortgages, which may be stopped by the bank if their credit status changes.

Cons of selling to an investor

 

  • You won’t know who is buying your home because there are no laws compelling investors to reveal who is actually purchasing the home.
  •  Scam artists may use the opportunity to cheat sellers out of their money or force them into unfavourable purchase agreements.

Wrapping-up

Selling a home comes with quite a bit of risk. While an investor helps avoid unscrupulous estate agents and complete sales quickly, there is the potential for scam artists enticing sellers into unfavourable terms. There is also the con of not knowing what will become of your home after the investors get their mitts on it.

Always try to get as much detail as you can about the investor. Our company wants you to avoid headaches and worries when selling your home. We are transparent in our practices. We will buy your home quickly at fair market value. Contact us today for a risk-free quote.


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