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At first sight, it can seem that selling below market value means you are getting a bad deal. Some people can even feel that
they are being "ripped off" by organisations like ourselves and accuse us of advantage of others' misfortunes.
In fact, what we are doing is helping
you to quickly and easily get rid off your financial pressures.
Of course, that means there has to be some profit in it
for us for us.
As a Vendor, you are faced with a choice.
- Don't sell at all - in fact,
if you can afford to hold on for the long term, it is
better not to sell
- Sit and wait for a purchaser
who will pay close to the asking price - although in today's
market with falling prices, the longer you wait the less
chance you have of getting your price
- Sell quickly - and accept
a much lower price. If you are struggling to pay your
bills and in danger of losing your home, selling quickly
is often the cleanest route to clear off your debts and
start again
Selling below market value is not as bad a financial move as it seems it may appear at first. Take a look at the table below:
| |
Selling
Property The Traditional Way |
A Quick
Sale Below Value
To Fast-Track |
| Asking Price |
£100,000 |
£100,000 |
| Accepted Offer - say 10% below
asking price |
£90,000 |
|
| Deduction for price renegotiation
after survey -say 2% |
-£1,800 |
£0 |
| Legal fees |
-£550 |
£0 |
| Estate Agents Fees |
-£1850 |
£0 |
| HIP |
£-450 |
£0 |
| 6 months mortgage payments during
sale process |
-£2250 |
£0 |
| Total Amount
Recieved |
£83,100 |
£80,000 |
| The above
is an example only and may vary for each individual
ciircumstances |
As you can see, when you take into account all the costs of a more traditional sale - selling at below market value does not leave you with as little as you would think.
And when you add in the extra factor of peace of mind - it can we well worth it.
Call us now on 0207 763 7111
or complete the Online
Application Form.
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