How our service works
Appraisal
The very first step is to carry out a free appraisal, usually over the phone. During the appraisal we will clarify details of the property to be sold and your particular requirements.
Offer
Within 24 hours we can respond with an offer price for your property (typically between 70% and 85% of the property's market value). This offer does not place you under any commitment. If you wish to proceed further we will then arrange to view your property.
We will view your property at a time that is convenient for you, 7 days a week. During this viewing we will further clarify the details, the amount we will pay for the property, and the process to complete the sale in a timeframe that meets your needs including options for you to rent and then buy back the property at a later date if you wish. Note that this service is free and there is no obligation to proceed with the sale of your property.
Solicitors appointed
Once you confirm your intention to proceed, solicitors are appointed to represent the seller and the buyer. We recommend that you choose your own solicitor but we can do this for you if required.
Cash on completion
The sale is then completed in a timeframe that is agreed with yourself and your solicitor, with the option to rent back the property under a tenancy agreement and to repurchase at a later date if required.
Throughout the process we will keep in close contact with you dealing with any enquires that you may have, 7 days a week. We always strive to make the whole process as simple as possible for you, with no hassle and no fees, the price we agree is what you will receive.
Completing a very quick property sale within 7 days
Whilst we can complete purchases within 7 days much will depend on the solicitors to execute the sale within a very short timeframe. If a very quick property sale is required you will need to brief your solicitor on the urgency and be prepared to provide all information required as soon as it is requested. If required we can recommend a solicitor and manage the process to ensure completion within 7 days.
For your information we have summarised below an overview of the transactions to be completed with the solicitors. If you require an urgent sale we will work with you to complete these steps in the shortest possible time.
Appointing a solicitor - the steps that follow through to completion
1. Seller instructs a Solicitor of their choice to act on their behalf. Seller Solicitor requests the Seller to complete a Seller's Property Information Form (SPIF) confirming details of the property along with a list of Fixtures and Fittings.
2. Buyer Solicitor confirms fees to be paid by the Buyer and awaits a copy of the draft contract from the Seller Solicitor.
3. Seller Solicitor obtains title deeds from the Seller, or if the property is mortgaged from the Bank or other lender, then prepares the Draft Contract documentation and forwards along with the SPIF, details of Fixtures and Fittings, to the Buyer Solicitor.
4. Buyer Solicitor applies for searches on the property being purchased. This can take up to 2 weeks or more but is often much quicker (if a quick property sale is required then this is one of the key areas to execute promptly). During this time the Buyer Solicitor usually reviews the draft contract raising any enquiries with the Seller Solicitor. Once approved the Buyer Solicitor forwards the draft Transfer document to the Seller Solicitor for approval.
5. Seller Solicitor reviews the draft Transfer document and replies to any enquiries.
6. Seller meets with their Solicitor to discuss dates and sign the Contract and Transfer. At the same time the Buyer meets with their Solicitor to discuss dates and sign the Contract, Transfer and Mortgage Deeds. At the same time the Buyer provides any balance of purchase funds required to complete the exchange of contracts.
7. Buyer and Seller Solicitors exchange contracts.
8. Completion of purchase takes place on the date agreed, Seller paid in full, Buyer collects the keys.
Please note this is a brief summary for guidance only, it is not intended to detail every action required to complete the sale of a property.
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Sell your house fast with RepayMortgage
We are focused on meeting the needs of our clients to sell property quickly; from initial appraisal to discussing the options, putting forward a proposal within 24 hours, and completing the sale within 7 days if required.
If you are facing repossession and eviction from your home you can be assured that we will provide 24/7 support to complete a sell and rent back within 7 days.
What ever your situation call RepayMortgage today on 0800 8600 285
Other pages within RepayMortgage website
Information on our service for a Quick house sale
We also specialise in London Fast house sales, any condition, tenanted or otherwise.
If you need to Stop eviction or repossession read more here