Property Solutions to Sell Your House Fast For Market Value
You can changed your mind about selling your house if you do so before contracts are exchange. You need to let the estate agent know as soon as possible to avoid inconveniencing anyone, but you may still be in contract with the agent. If you change your mind after exchange of contracts you’ll be in breach of contract.
In England and Wales even once an offer has been accepted, someone else can also make an offer. Estate agents are legally obliged to put all offers forward, but this doesn’t mean the vendor has to accept other offers. If this happens it’s call Gazumping. But to avoid it happening, you need to exchange contracts quickly.
What to do if your mortgage is refused due to damp? If you’ve had a mortgage refused due to damp the damp issue must be quite severe, as most lenders tend to down-value a property with damp. The surveyor will assess the damp problem and associated costs to fix it for the lender to downgrade the mortgage. Either renegotiate the price or ask the vendor to fix the problem.
The best way to sell an HMO is direct to another HMO investor or by using a specialist HMO agent. The agent will charge a sales commission for the sale, whereas the direct to investor sale will be free. Either way it will ultimately be sold to an investor, so why not simply cut out the middle man? Small HMO’s with up to 6 bedrooms tend to value up using a bricks and mortar valuation basis, whereas larger HMO’s are valued using an income-based valuation model.
So what % is a cheeky offer on a house? It’s arguable that any offer of more than 10% discount off the asking price could be considered a cheeky offer. The level of ‘cheek’ depends on who the vendor is and how long their home has been on the market. But so long as you’re prepared for them to say no to your offer, it’s worth taking a punt with a cheeky offer.
The reason why it would be best to buy and sell with the same estate agent is if the agent is known to be proactive and will sell your house quickly for the right price. You shouldn’t automatically use the same estate agent you’re buying your new house from, until you’ve compared them against other agents in your area.
