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information on the UK property market

Archive for the ‘London Property’ Category

How to sell London property quickly

October 1st, 2009

Whatever the property market is like it is always, always, possible to find a property buyer if you are selling in London. It does not matter if the property is a studio flat, a huge mansion, or some land for development, within London there are property buyers for every type of property – at the right price of course.

There are many ways a property can be purchased, it may be a conventional transaction to a home buyer, or cash (or financed) purchase to a property investor, or a delayed completion purchase (more on this later).

Selling a property to someone buying as their home is usually going to achieve a higher price, not always, but usually. The exceptions tend to be where a property has development potential. When an investor purchases they will be looking to make a profit, this may be by selling on the property, or developing the property. That said much of this is irrelevant to the seller, they simply want the best possible price within the timescales they need to sell.

So, let’s assume you are selling a property within the M25, how much discount would you need to provide for a quick sale? The answer may amaze you, it can be anything from 25% to +5%, yes, there are certain circumstances where an investment property buyer will pay a higher price than today’s valuation. And no, we are not crazy, it is really true.

The way to achieve an above market price is to swell based on a delayed completion. This is achieved by contracting the responsibility of your mortgage maintenance, insurance, etc, to a property investor for a period of time, for an above market sale price this may be 3 to 5 years. The property buyer will pay all of the property’s associated costs, you can literally walk away from your property, move on with your life, and then collect the increased equity over your mortgage when the sale completes.

A delayed completion is ideal where the owner is emigrating overseas, wants to relocate and rent somewhere else, is divorcing, and generally does not have a lot of equity tied up in a property, so there are no real concerns about waiting for a delayed completion.

If this sounds like something your are interested in read more from “RM Properties” on our blog here …http://www.repaymortgage.co.uk/blog/sell-your-property-today/

That said if you want a straight sale, no delayed completion, and are prepared to sell at a discount, then RM Properties can make an offer for a quick property sale also.

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Posted in Fast House Sales, London Property

Tags: Property Buyers quick property sale london sell london property sell property london

Flat Sale in London

July 17th, 2009

A flat sale in London is not that difficult, despite the number of new properties built, you just need to find a private buyer who will take it on as an investment. But at the end of the day is is all about price, if you are looking to sell at full market valuation then it is going to be very difficult to find a buyer in today’s market.

If you need to sell quickly just click on the Property Buyers link on the home page, once brief details are obtained on the property for sale a buyer will be found and the sale completed within a few weeks. If the sale is urgent then at the right price a sale can be completed in days.

There are basically two ways to sell, one is a below market value transaction which will mean offering the buyer a significant discount – but then there are no agent fees to pay and the sale is completed very quickly. The other way to sell is with a deferred completion, in this was you get close to market valuation for your property, and all your costs including mortgage, insurance, maintenance, etc, paid until the sale is completed and the funds transferred to your account.

Whichever way you choose to sell your London flat or other property you can be freed up to move on in weeks (or days), no need to stay tied to your flat. It really is straightforward, two options to choose from, either way you don’t have to stay tied to your property.

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Posted in London Property

Tags: flat sale in london sell property london

Selling a house with little or no equity

July 15th, 2009

In today’s market it is very unlikely any buyer will pay the full market value for a property, in most cases buyers will seek discounts of 5% or 10%, even more if you need a very fast property sale.

But what if your property value is only a few thousand more than the mortgage, to sell at a price less than your mortgage you would need to find money from elsewhere to pay back the lender. Is there any way you can be assured for selling at a price equal to or great than your mortgage in such situations? In short the answer is yes.

If your property is in the London / South East area there are buyers who will pay closer to the market valuation for your property and allow you to move on within just a few weeks. So how does this work?

Briefly, the buyer will contract to purchase your property at an agreed price, equal to or higher than your mortgage, but the actual completion of the purchase will be a few years from now (typically 1 to 3 years). So, in the mean time the buyer will also contract to pay your mortgage and maintain/insure your property. In effect, you can just walk away from your property without worrying about paying your mortgage or maintaining the property. Then after a year or two the purchase is completed and the buyer pays you and difference over your mortgage.

If you know someone who wants to sell in this way then contact RepayMortgage, you can read more here selling property with little or equity. This way of selling is not for everyone, but it is a way to sell and move on without remaining tied to a property and location where you no longer want to live.

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Posted in Fast House Sales, London Property

Tags: Property Buyers sell property london

Selling Property in London

July 3rd, 2009

The London property market is hugely diverse, ranging from some of the world’s most expensive properties down to low cost (relatively) ex-council flats in tower blocks (these can be purchased for considerably less than £100,000 but the stigma and high services costs usually put buyers off).

Properties in demand the most are those with good access to public transport, and in particular undergound and overgound rail lines with frequent services into the City or West End. Such properties are sought after by buy-to-let investors as they are relatively easy to rent whatever the prevailing market conditions.

Of course there are many factors affecting supply and demand, such as crime rates, local services, schools, etc, but these often go with the type of property and the people who wish to live their. For example if you have young children then buying property near good schools is a key factor. If you are young and single you want access to good night life, and so on.

When it comes to selling you need to know your target market, then focus on selling to these. Don’t just rely on the local estate agent, especially when properties are difficult to sell. One option is to sell property in London to a specialist investor, these people (or companies) will buy your flat or house within weeks, possibly days. The key to selling any property fast is marketing, the more people who know that your property is for sale (and at a realistic price) then quicker you will find a buyer.