Selling a short lease flat fast to a cash house buying company
Can you afford to wait for your flat to sell?
By far the fastest and most certain way to sell your leasehold property is through a house buying service.
Also known as cash house buyers these ‘quick sale’ companies will buy your house, regardless of condition or even a short lease and can complete on a sale in a matter of weeks, although this might be extended slightly for a leasehold property.
Speed is the obvious main benefit of this service, compared to a traditional sale which can take months, but there are also other benefits;
- Having a guaranteed sale with a set timeframe frees you from the burden of uncertainty, knowing that your house is sold gives you the peace of mind to plan your future with confidence.
- There are no costs to pay. All other methods of selling your house come with their own costs that you will need to pay out of your own pocket at some point. With a house buying service all of the costs are covered in the sale price so you never have to pay a penny.
- They are experienced in buying properties with a short lease so their solicitors know how to get the job done with as little hassle as possible.
Of course there is a drawback and that is the sale price. The trade off for a fast sale is having to accept a lower offer. If there are no major issues with the property this price will be around 80% of what your property would sell for on the open market in around 6 months.
So although the proverb “you can’t buy time” turns out to be false, it does come at a cost. However when you factor in the sales and holding costs of a traditional house sale it might not be as costly as you first think.
So, if you need to get moving fast, is the price really too much to pay?