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Do You Need To Sell Your Flat Fast?

Property Saviour » Flats » Do You Need To Sell Your Flat Fast?

We’ll buy your flat in as little as 10 days.  With a cash offer, there are no delays, stress, or uncertainty.  There are no estate agent fees or solicitors’ fees to pay.  Our guaranteed offer means that the price we will pay is what you will get with zero deductions.

Provided that your flat does not have flammable cladding issues, we will buy it!  Whether you own an ex-council property or a purpose-built block of apartments, or a basement flat, we will buy it.

It is a fact that selling any property is one of life’s most stressful experiences.  You might search on Google for ‘How can I sell my flat quickly’ or ‘Can I sell my flat with a short lease?’.  The answer to both questions is a yes, you can. Homeowners we work with value our speed, efficiency and certainty with regular updates.

Property Saviour offers you a real alternative to dealing with estate agents.  We’ll buy any flat in any condition, taking the hassle out of the sale, giving you regular updates, and completing the sale within your timeframe.  We have plenty of five-star reviews from real sellers.

In this article, we will cover:

·       Different options available to you when it comes to selling your flat

·       Steps you can take to sell your flat yourself

·       Selling a problematic flat with a short lease or other issues

·       Why choose Property Saviour to sell your flat to us?

Table of Contents

Do you need to sell your flat fast?
Since lockdown many office workers are working from home and therefore buying houses outside huste and bustle of city centres.

Different options available to you when it comes to selling your flat

Every homeowner is aware of how to sell their flat via an estate agent, and we will cover different options so you can make an informed choice.

Sell your flat privately

You can list your flat on free websites, including Facebook Marketplace, Gumtree and several other for-sale-by-owner websites. You will have to take photos and write an accurate description. 

You will have to ensure that you are truthful and honest in your seller’s disclosure, particularly if there are any issues with the flat.  This is because buyers have protection and can sue the seller or their estate agent for misleading them.  You will have to conduct your enquiries, negotiate any offers, and progress the sale. 

There is no guarantee that a sale will be completed because 1 in 3 sales collapse, and your buyer can pull out of the sale right up to completion at any time, leaving you to pay abortive legal fees.

Auction your flat

You can sell your property via a property auctioneer.  This is not a common route for most homeowners, as you’d have to set a low guide price to attract bids.  You will also be obliged to sell your property at 10% above the guide price in line with ASA Ruling on Auctions

Advertising Standards Agency states that guide price should be the seller’s minimum expectation of sale price, not a valuation.  You would have to be very brave to put in a low guide price and hope that two or more bidders start a bidding war.

Not all properties are suitable for auction, and not all types of auctions are the same.

In a traditional auction, the buyer puts down a 10% deposit and has 28 days to complete.  However, the buyer can change their mind and pull out before completion if they have buyer’s remorse, leaving with your 10% deposit less auctioneer’s commission, out-of-pocket expenses and solicitors fees.

In a so-called Modern Method of Auction, you will be told that it is free to sell your flat as the buyer is paying their commission.  What they won’t tell you is that the buyer will be charged a buyer’s premium of up to £9,600, and he/she won’t be committed to buying your home.  There are several pros and cons to the Modern Method of Auctions that you should research before signing the contract.

One of the biggest frustrations with the auction is waiting for the next auction.  You have to allow one month of marketing pre-auction and then wait 28 days or 56 days for proceeds of sale.  But what if you need to sell now?

Part exchanging your flat

If you are buying a newly built property, there may be an option to part-exchange your property.  On paper, this is an appealing option if you are prepared to take a 40% discount for your property, but for many homeowners looking for a quick sale, this isn’t a viable alternative.

We Buy Any House Companies

We are one of few genuine cash house-buying companies with actual cash.  There are quite a few online estate agents and introducers who allegedly act for pre-vetted investors (to sell your information as a ‘hot lead’ to their prospective database). 

You should never trust anybody who will be selling your details to third parties.  If you are exploring a cash buyer option, you need to watch our video.

Steps you can take to sell your flat yourself

You can either sell your flat in its current condition or improve it.  If it needs work or there are legal complications, try to resolve them.  If you are thinking of selling your flat on the open market, such as with an estate agent, these are our top tips:

·       Give your flat a good spring clean

You will need to tidy up your flat to make it presentable and give that showroom-ready look.  Go through your personal possessions, work out what you no longer require, and sell it on eBay.  This can pay towards some of your decorating costs.  You can also consider putting away items into a storage container if friends or family aren’t willing to store them for you.

·       Make a list of all maintenance jobs that are overdue

Nobody likes mouldy grout in a bathroom or silicon around the bath or shower that’s started to turn black and installing a powerful extractor can help prevent these issues.  If your flat has cracks on the walls, this could worry any buyers.  Check that cracks aren’t a result of structural damage, and if all is clear, consider plastering or using Polyfilla. 

Getting these jobs done means you have instantly improved the appeal of your flat.  If you aren’t great at DIY, perhaps ask friends or family to assist and buy them pizza as you all roll up your sleeves to get stuck in.

·       Modernise your flat

A modern flat with a new kitchen and bathroom will appeal to first-time buyers.  This is an expensive investment.  You can also consider upgrading windows and doors (you may need permission from the freeholder to do so).

·       Paint your flat with neutral colours

If you have used great vibrant colours, this could put off some buyers as not everyone will agree with your personal preferences.  Using neutral colours can give a fresh look, and even a tired flat, once painted in white colour, can seem spacious and offer prospective buyers a blank canvas. 

Don’t go too neutral, though and combine white colour with a light grey to create a featured wall.

Sell a flat yourself
Before you can sell your flat, you need to give it a good spring clean and take care of any neglected repairs. Or you can just sell it 'as is' to us.

Selling a problematic flat with a short lease or other issues

A flat with a short lease means that it can’t be mortgaged and can only be bought with cash.  Many lenders refuse to lend on flats with less than 80 years left on the lease because lease extensions can be costly and take a lot of time to negotiate with the freeholder. 

It could be even harder if your freeholder is missing or not cooperating with lease extension queries.  We’ll even buy a maisonette flat.

Your perfectly good flat can become very problematic to sell with legal issues as litigation through solicitors can be quite expensive.  So, what’s the solution if you need to sell now?

The buildings and architecture of Granary Wharf in Leeds
Flats with cladding require an EWS certificate and can be difficult to sell because of fire risk following Grenfell disaster.

Why choose Property Saviour to sell your flat to us?

Property Saviours are experienced in buying problematic flats with short leases, missing freeholders and flats that need work.  We will buy any flat regardless of its condition, so before you start getting quotes from builders, it is worth calling us.

Here’s why you should consider us:

  • Genuine reviews from real sellers. We don’t pay actors or have hundreds of ‘fake reviews.  Not everyone will leave a review for confidential reasons, and only comfortable sellers are encouraged to leave a review.
  • Our offer is 100% cash with no mortgage or bank loan of any kind.
  • We will pay up to £1,500 towards your legal costs.
  • You don’t pay any estate agent or legal fees.
  • The price we offer is the price we pay, and there’s no gazundering.

Whether you are in a property chain, need to relocate for a job or another pressing need to sell quickly, we are here to help you.   The process for selling your flat is simple:

  • Start by filling in the request for a callback form.
  • We will call you to have a chat about your flat.
  • Send us photos of the flat
  • We will make an offer.
  • Tell us when you’d like to complete the sale.

Take the first step of starting a new chapter in your life today.

Sell with certainty & speed

auction hammer

Property Saviour Price Promise

  • The price we’ll offer is the price that you will receive with no hidden deductions.
  • Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
  • These valuations or surveys result in delays and price reductions later on.
  • We are cash buyers.  There are no surveys.
  • We always provide proof of funds with every formal offer issued.
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We'll Pay £1,500 Towards Your Legal Fees

  • No long exclusivity agreement to sign because we are the buyers.
  • You are welcome to use your own solicitor. 
  • If you don’t have one, we can ask our solicitors for recommendations.
  • We share our solicitor’s details and issue a Memorandum of Sale. 
Sell

Sell With Certainty & Speed

  • Our approach is transparent and ethical, which is why sellers trust us.
  • 100% Discretion guaranteed. 
  • If you have another buyer, you can put us in a contracts race to see who completes first.
  • Complete in 10 days or at a timescale that works for you.  You are in control.
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