LEEDS, England, October 30, 2013 /PRNewswire/ --
We called several property buyers pretending to be a private house seller: "Hi, it's Paul, I want to sell my house fast, it's a two bed 'back to back' terrace house in Manningham, Bradford (second in the list in the recent book 'Crap Towns Returns'), do you want to buy my house, it's in poor condition and needs quite a lot of money spending on it?"
Invariably the answer was yes 'we buy any house', even though the property was run down, in a poor location and demand low for properties of this type, so why would anyone be interested in buying it without asking lots more questions? The answer was disappointingly the same every time, because the price offered was much less than the house was worth. Many house sellers are caught in this same trap. Believing that your house is undesirable and therefore worth very little is how many unscrupulous property buyers get properties at a lot less than the market value, sometimes as much as a third off! Dealing with reputable cash buyers can pay dividends and can get you much more for your home and the price agreed will be the price paid with no last minute price drop, (an often used scam).
Sometimes it's just a matter of spending a few hundred pounds to tidy through your home and freshen it up with some magnolia and a trip to the tip to get rid of all the rubbish to make your house much more desirable. So take stock and get friends and relatives to help if cash is tight.
Quick house sale companies will often 'offer' to buy every house, because they know that they can resell it, even using an estate agent and make a quick cash profit.
It seems that there is pretty much a market for all property whatever the location or condition, difficult to sell houses are fair game as the prices offered by cash property buyers will be low compared with the true value; freehold flats, flying freeholds, concrete houses, flats off plan, derelict houses and more, anything, anywhere and in any condition!
So how do property buyers work out what to offer for your house? Easy, they do what you can do too, here's a quick check list:
- Check out house prices for similar properties to yours which are currently advertised on Rightmove or other online property portals.
- Look at houses sold historically in your street or near your postcode with the help of the Land Registry website.
- If some repairs need doing, estimate the cost and deduct from the value. Many property buyers will also have a list of 'investors' who buy regularly from them so they know the price at which property will sell.
- Plus all properties can be rented out through a letting agent so it's possible to work out a 'rental yield' which also helps to determine the value. So ring round a couple of letting agents and get a value to rent out your home and ask them what they think it'll be worth as a rental investment property.
So now that you know how it's done then do some research yourself and negotiate a better price, even if your home isn't the best on the street!
About Flying Homes Ltd
Flying Homes Ltd, (http://www.flyinghomes.co.uk), is a leading quick house sale company operating throughout the United Kingdom. Our online services focus on helping homeowners achieve a quick house sale at a fair price.
Scott Simpson - 0800-68-99-420
SOURCE Flying Homes Ltd