Pricing and Costs
How much will you pay for my property?
Our Associates will typically offer you a
price that is 25% to 30% below the market value. The price will
depend upon many factors including your specific requirements.
The discount is necessary to meet the costs that our professional
cash buyers have in the property business.
Our Associates will have specific criteria
and are committed to offering you the highest amount consistent
with these criteria.
They will be either bearing or avoiding the
costs you would have normally have in selling
such as preparing the house, estate agents fees, advertising,
HIP and legal costs. You should have no costs of selling and a
certain and fast sale process. 
How
does your price compare to that sold via Estate Agents?
Many estate agents will initially inflate
the price at which they say they will sell your property. This
is because they know that the higher the suggested price, the
more likely you are to employ them. This means that the asking
price of most property drops after it has been on the market for
a while.
Beyond that, buyers on average do not pay
the asking price at the time of offer. Statistics show that discounts
are typically between 4% and 10% of the asking price, for instance
in July 2007 the level was 5%.
For these reasons the market value of your
property is often below the estate agents price. Our Associates
will assess the market value from information about comparable
properties initially and will thereafter get a formal valuation
from a qualified surveyor.
The offer will be below the market price but
on the other hand the process will be swift and certain. The time
taken on average to sell a property through estate agents
is 6 1/2 months (Government evidence to House
of Lords) and 28% of offers accepted fall through before
exchange of contracts.
How will you value my property?
Our Associate will assess initially the market
value from information about comparable properties and information
you may have. He will use that information together with knowledge
of your situation and wants to arrive at an package offer which
will be based on a discount from the market value. The discount
is normally between 25% and 30%.
If you are happy with the offer, it is normally
necessary to get a formal valuation from
a qualified surveyor. The main reason for this is that it is a
requirement of those who may be lending against the property at
some stage in the future.
How much does it cost to use this
service?
Nothing! There are
no fees to pay at any stage and we will pay your legal costs up
to £500 on completion.
Do I need to pay for a HIP (Home Information Pack)?
No! We are not estate agents and your are
not "marketing" your property. We will pay
for such searches as are necessary to the legal process. If you
already have had a HIP done we will obviously take advantage of
it.
Will
you pay my legal costs?
Yes, provided
you do not withdraw before completion we will pay your legal costs
up to a maximum of £500. This will normally cover all your
costs.
Are there any hidden costs?
No! That's part of the deal!
I’m
looking at several companies offering something similar. Some
charge a valuation fee. Why should I use you?
Well, they fact we don't charge a valuation
fee is a good start!( or any other fees!)
If you have paid hundreds of pounds for a
valuation fee before receiving an offer then there is little incentive
to give you the best possible offer. Some of the National companies
employ their own surveyors and can make a tidy profit on the valuation
fees alone. If they don't really want your property, they will
just offer a very low price and you either have to accept or lose
your valuation fee. We know on the other hand that we must produce
the best deal we can for you, that is consistent with our criteria,
for you to be happy to accept it.
We accept that you may look at offers from
others too. That is fine and normal! Just don't pay anything up
front!
Particularly if you are considering a sale
and rent back but in any case, we suggest that you should look
carefully at the ethics of the
buyers you consider. We are pleased to put our
ethical standards up front and we insist on our Associates
agreeing to operate by these high standards. We will take action
in the case of any breach of these ethics.
In the case of rent backs for legal reasons
tenants are normally offered a standard AST (Assured Shorthold
Tenancy) agreement. (This applies with all buyers) However
we require our Associates to offer a written statement of intent
to allow you to remain in the property with a prearranged basis
for any rent increases so long as the terms of the AST contract
are met.
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