The Quick and Easy Property Buying Service
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If you’re buying or selling a house, the chances are that you may find yourself in a property chain. Property chains are common, but they’re also incredibly frustrating, as you’re reliant on every other sale in the chain working out successfully in order for yours to be okay too. In this article we take a look at some of the main causes of property chain collapse as well as some ways in which you could avoid getting stuck in such a scenario.
Property cash buying companies have been around for a little over ten years. It is still a relatively new industry and it remains unregulated. As with most industries there is a mixed bag of participants ranging from the genuine professional companies to the rogue operators. A genuine property cash purchasing company will provide a guaranteed property purchase within mutually agreed timescales. The purchase should be hassle free, stress free and minimise inconvenience to the vendor. The agreed timescales may vary from just a few days to several months depending on the vendors requirements.
Whilst all companies market a “cash purchasing service” not all of them actually deliver the service they claim to be providing. Some will lock you into agreements to prevent you from selling your property elsewhere whilst offering no guarantee that they will buy your property. These agreements are usually called option agreements. It is important to stress that there is nothing wrong or illegal with an option agreement. They can provide a very workable solution for all parties. They are used across many different industries and are a recognised contract agreement. However, as with any legal agreement the devil is in the detail as to whether it will work for you!
The process of emigrating to live in a new country often tends to throw a few problems and stresses your way. As anyone who’s moved house knows, the path of buying and selling property can be thwart with issues – and it’s even more so when you’re moving to a completely new country. If you’re having nightmares with your emigration plans, here are some ideas for ways to solve them.Read More
When it comes to selling property, property chains are one of the biggest headaches you can face. According to research, up to one in three intended property purchases falls through, leaving buyers and sellers with no choice but to start the process again.
There are numerous reasons why property chains can break – they’re especially susceptible where chains are long and complicated with many links on the way – and it’s hard to deal with the fact that someone you don’t even know dropping out of their sale or purchase could result in you losing money, time and effort with your property plans. We’ve put together the lowdown on some of the common reasons for property chains to collapse, plus some ideas on how to avoid the dreaded property chains in the first place.
There are plenty of reasons why it’s beneficial to sell your house for cash. If you’re still sitting on the fence and unsure about taking this property selling route, here’s a guide to the top five reasons why selling for cash is a good move, both for your bank balance and your peace of mind.
Compared to going down the traditional route of listing your property with an estate agent, having it marketed to potential buyers, having multiple views and then, hopefully, accepting offers on it, selling your house for cash is a far speedier option. Amazingly, you could even be exchanging contracts within as little as 24 hours!Read More
Dealing with probate properties can be a daunting task, especially when you’re unfamiliar with the process. If you’ve been left a property in someone’s will and are eventually looking to sell it, here’s a beginner’s guide to help you get to grips with what’s involved with probate properties.
Probate is the name of the legal process that you need to go through if you inherit property from someone who has died (unless you are a spouse or civil partner). The house, along with all the assets of the deceased person, have to be valued in order to validate their will.
At the end of the process, a Grant of Probate will be issued and, at that point, you’re able to sell the property if you wish. The process helps to establish the legal chain of ownership of the property and until the grant is formerly issued, the property has to remain in limbo.
Property TV shows and magazine articles often portray the life of buy to let landlords as a dream come true – running your own business, doing up properties and letting them for a high rental yield. But whilst sometimes this can certainly be the case, it’s by no means a given and is usually obtained as the result of a lot of hard work and dedication. If you’re currently a buy to let landlord, or are thinking of becoming one, then we’ve put together some of our top tips to help you survive – and hopefully, thrive – in the property investment business.
People sell properties for a vast number of reasons, but sometimes there are common threads involved in the reasons why you might need to sell your house fast. Here are five popular factors involved in this decision and a look at why the fast route can offer the best decision in certain circumstances.
No-one ever plans to get into debt or face financial difficulties, but sadly sometimes these things happen. If your income has dropped unexpectedly, you’ve lost your job, are finding it hard to keep up with the cost-of-living in your current property or you’ve got lots of debts piling up, then selling your house fast can be the perfect solution.
If you put your head in the sand and try and ignore the situation, the chances are you’ll lose control over it and could end up with having your house re-possessed.
If you instead choose to tackle your debt and financial issues head on, by opting to sell your house fast, you remain in control.
Although London housing prices have risen for decades on end, many experts believe that we may be turning a corner during 2017. Could this be the final year of such upward momentum and can we expect a slow decline or a massive reduction in the coming months? While the opinions of experts vary, the fact of the matter is that we could be in for an interesting year. Let’s take a look at why these prices may decline and what to expect in the future. In order to make the best decisions possible when selling London property it is critical to appreciate what may occur.
There can be many reasons why you may want to sell a probate property. Perhaps it was recently inherited and you have no use for a second home. Or, you might need a probate property sale in order to share the proceeds around a number of family members. Either way, a probate property sale, like many other property proceedings, can be a bit confusing if it is not approached in the correct manner. What initial steps need to be taken? What documents will you need to have ready? How can you form a checklist to make sure that you are prepared well in advance? Let’s address all of these questions in more detail so that you can start off on the right foot.Read More
Any landlord selling a London house with tenants needs to be aware of a few basic questions. What are the main legal considerations to take into account? Are there any documents necessary to begin the process? So let’s break these categories down into a bit more detail.
Since Brexit, the state of the London property market has been a concern for both property buyers and sellers alike. There are still a number of risks for anyone who may be considering selling a rental property during the coming year. We will first take a look at some of the predictions that experts are making in regards to housing prices. Then, we will offer a few very targeted suggestions that will help you obtain the best value for your efforts. With a bit of forethought and knowledge, you can be confident that you’ll be able to make the most informed decisions when they matter the most.Read More
When selling a property, there are a number of things that you should be concerned with. Some of the most common include; finding the right time to market, attracting buyers, waiting for a sale and dealing with potentially expensive estate agents. Thankfully, there is a way to avoid these scenarios. In fact, you may have already asked the question “How to part exchange my house?” Let us quickly examine this process before providing you with some hints so that you will be able to enjoy the most efficient sale.Read More
If you’re landlord selling property (or planning a sale), there are a few different factors that you will need to take into account. What are some of the issues to consider and how can you put these to your advantage? Let’s take a look at three areas to concentrate on in order for you to put your best foot forward.Read More
According to many analysts, the London property market may very well have seen better days. While we might not be looking at the worst-case scenario predicted by many opposed to Brexit, the fact of the matter is that prices could very well flatline in the coming months. As this can make selling a home or flat a bit difficult, some owners are turning to what is known as a part exchange property scheme. This article is an introduction to pert exchange property giving you the main things you need to know.Read More
What are the things you should look out for if you need to sell a probate property? Maybe you’ve inherited a property from a relative or perhaps you’re acting as the executor of a will. In either of these cases, it’s likely that you’ll need a Grant of Probate before you can sell. There are a number of problems that can occur along the way. So, what are the most frustrating situations associated with a probate sale? More importantly, how can they be avoided or at the very least streamlined?Read More
There’s no doubt that the Brexit vote has had (and will have) a dramatic impact on many sectors within the United Kingdom. One of the most important areas to examine is the London property market. What trends have we seen and perhaps more importantly, what can we expect for the remainder of 2016 and into 2017? If you’re looking to sell your house fast, you should should take these factors into account so you know where you stand.Read More
Selling a leasehold flat can be challenging; particularly when you have less than 80 years left on your existing leasehold. The main issue is that the value of your home or property will begin to lose value as the time period of the lease reduces. Buyers can find it difficult to get a mortgage from lenders and in turn, you could be left in a frustrating situation. However, you should be able to apply for a lease extension of an additional 90 years. So let’s look at the lease extension process in greater detail.Read More
Quick property sales can be a bit challenging; particularly if you’re not familiar with all of the choices available. Whether your sale needs to take place to free up cash, or you’re relocating to another part of the UK, there are several routes which you could take. Let’s look at some of the most common options.Read More
Part exchange plans have gained popularity due to what many see to be a stalling housing market in London. The basic principle behind these schemes is that an owner can trade in, or part exchange their existing home to a builder. In return, the value of this home is deducted from the cost of a new property. There are several benefits to part exchange plans and it’s worth learning about them if you’re looking to sell soon. So let’s look at part exchange homes and how these plans can help you get a quick sale.Read More
We know that repairs, maintenance and improvements need to be carried out within apartment buildings and flats. These may be relatively small costs but from time to time they can be much larger. Occasionally there can be instances when leaseholders are forced to pay out ridiculously large sums of money. One particularly shocking recent case was from Oxford in early 2016. Around 50 leaseholders in an apartment block were asked to pay an eye-watering £50,000 pounds each. Read More
If you are a Landlord there may be a time when you need to consider selling a property with tenants. While the house sale process can be challenging at the best of times. It can be even more difficult if you have tenants currently renting the property. So, what are some of the rules about selling a property with tenants? Let’s take a look at a handful of regulations and concerns that you should always take into account.Read More
There is no doubt that we are living in rather troubled economic times. Now that the Brexit vote has been passed, many London property owners are wondering if the economy is soon to enter into bearish territory. In fact, firms such as Hermes Investment believe that we have already entered into this environment. Assuming that this is the case (or that a bear market is just around the corner), what are some ways you could speed up any home sale? Let us take a look at some top house selling tips.Read More
If you need to sell a property after the owner has passed away, you will probably need to apply for Probate. This gives you the legal right to deal with the property of a deceased person, called a “grant of representation”. It’s important that you understand how to apply for probate to ensure things go smoothly. You need to watch out for all legal steps that must be taken. So, let’s take a closer look to try and simplify things a bit.Read More
Let’s imagine for a moment that you require a quick property sale in London due to an impending repossession or a similar unfortunate circumstance. You have remained confident due to the fact that your current home is valued at only £300,000 pounds. So, you are not concerned in regards to a quick turnover. Unfortunately, you might very well be wrong in taking this stance. A recent article highlighted the fact that London properties costing between £650,000 pounds and £1 million pounds are selling faster than more moderately priced homes. This is actually a bit ironic considering the fact that only the richest house hunters seem to be active while middle-income buyers complain that they are being shut out of the market. This is another example of how London house prices appear to have become detached from local incomes. What does this mean in regard to a fast London house sale?
The world is becoming a smaller place. As there are a growing number of opportunities for those looking for a challenge, it only stands to reason that jobs abroad are attractive options. In fact, it has been shown that an unprecedented number of doctors are taking advantage of such positions. Whether you are in the medical profession, have just learned of employment in Europe or are simply looking to change a stagnant career, such chances need to be taken advantage of immediately. The only issue is that it can be tough to quickly sell your London home with conventional means. What challenges will you face and how can Molae Properties be of assistance?
If you are like most, it is very difficult to keep up with the latest economic and housing data. One month the “experts” are claiming that London is in the midst of a veritable boom while the next month these very same analysts bring fear into the picture; alluding that the bubble could soon burst. Unfortunately, not much is expected to change in the new year.
Many analysts have hinted that the London housing bubble may soon be due to burst. In fact, this may not be far off from the truth. A recent survey has found that the value of the top 2015 property sales fell by one quarter. This is great news for those who are looking to pick up a home at a highly discounted price, but what does this mean for those who may be looking to sell in the coming year? In particular, how can you secure a quick London property sale with the minimal of effort and aggravation? Let’s take a closer look.
After a long and protracted recession, it seems that if we have finally turned the corner. Many analysts now predict that 2016 will be an excellent year in terms of this financial recovery. However, this can actually present some very real problems for those who are looking for a quick London house sale. Whether due to outstanding debt or a relocation, the fact of the matter is that this can be a bit of a complicated process. Let’s take a look at a few steps to make sure that this move is performed efficiently.
It seems that the holiday season is once again upon us. While many will be thinking about spending time with friends and family over the break, there are others that will require a fast London house sale. Whether this arises from the need to avoid a repossession, the inability to pay for recent renovations or the prospect of a job abroad that requires immediate relocation, the fact of the matter is that January can be an extremely challenging time for those searching for an efficient property sale. This is particularly the case when we see that many analysts have observed housing prices continuing to soar throughout London and other portions of the country. What are some of the best methods to adopt if you are set on selling a London home quickly?
If you need a quick London house sale, you may be disappointed with what is in store should you choose to employ the services of a traditional estate agent. To be sure, those who are in no rush to liquidate their property may very well be willing to wait for a considerable amount of time. It is nonetheless a fact that rapid sales and estate agents rarely go hand in hand. In fact, a recent study has found that nearly two-thirds of sellers have been unhappy with the results produced by estate agencies. Some of the complaints stated included:
Are you looking for a quick London house sale? Perhaps you have recently come into money and hope to retire early; enjoying the possibilities of travelling abroad. Of course, this may represent the best-case scenario for many. It is far more common that the need to suddenly sell a house quickly in London revolves around the pragmatic need for financial liquidity or the requirement to dispose of an inherited estate. There may even be HMRC tax obligations which dictate such a sale. Unfortunately, this is incredibly difficult due to recent market figures.
There are many families and individuals that may be looking for a quick house sale in London. A professional property buying company will provide you with such a service and allow you to liquidate your property asset in a quick and efficient manner. Typically, they will offer to buy the property at between 70-80% of the true market value of the property in return for the service they provide. Unfortunately, all that glitters is certainly not gold in terms of quick house sale companies. Let’s take a look at some of the worst practices to avoid as well as a handful of tips to select the right agency.
Life sometimes throws us an unexpected change from time to time. Some Londoners will find that a sudden situation has caused them to relocate to a different part of the country or even to move abroad. In many cases, there is only a limited amount of time to settle outstanding financial obligations before the move. This can prove quite frustrating for those who are looking for a fast property sale in London. Why is it much better to choose our third-party services as opposed to relying upon a traditional estate agent?
Those who are looking to sell a house quickly in London and the surrounding areas are likely to encounter a handful of issues. First, the market is anything but forgiving. Asking prices may be difficult to achieve and we should never forget about the logistics tied up with estate agents. In fact, many authoritative sites point out that these agents are more interested in the listing and the sale; less concerned with the ultimate price provided to the customer. Therefore, it becomes clear that selling a property of someone who is recently deceased can present even more of a challenge.
We are all aware that a divorce can be one of the most difficult times in life. This Is particularly the case should a couple find themselves in the need to put the past behind them and move on. Unfortunately, this can be easier said than done in terms of the typical estate agency. This is to say nothing when referring to the need of a property solicitor or a conveyancer. These professionals will cost a great deal of money and when we consider than many couples have already spent a decent amount on their divorce proceedings, a quick house sale in London is anything but easy.
Debt is a four-letter word which is difficult for most individuals to hear. However, it is also a part of life. One of the most startling recent figures highlights this immutable fact. The 35-44 age group throughout the United Kingdom holds the burden of property debt; a massive £266 billion pounds.
However, it is also a fact that other forms of debt are likewise just as rampant. Whether referring to unpaid mortgages, credit card mistakes or simply an individual that has been out of work for an extended period of time, lenders are hardly flexible. There are naturally times when one will desire to sell a home fast in London for these very same reasons. This can nonetheless be a daunting proposition.
Selling your property at auction V selling to a professional property cash buying company
In theory both offer the immediate sale that many people are so keen to secure. In practice the results can be very different. The route chosen will depend on individual’s priorities and the circumstances necessitating a quick house sale. A quick summary of considerations are:
You have decided that you want a quick sale of your property. In this market you are not prepared to “wait and see” what will happen by using a traditional estate agent. You are therefore thinking about finding a property cash buyer.
Who do you target and what do you need to think about?
The term “cash buyer” covers a huge range of individuals or companies. Essentially it is a purchaser who is not mortgage funded. This could be a private individual or a property company, developer or property investor.
Property cash buying companies have grown in number significantly over the past 5 years. Like all industries there is a cross section of companies operating in this space and you need to select carefully who you want to deal with. This is particularly true as the industry is to a large extent unregulated.
By simply tapping various search terms in to Google or the other search engines it will reveal a number of property cash buying companies that will offer “a quick sale”, and buy your house in a matter of days. However, what else are they offering you, what is their track record on delivering on an offer and what should you expect from them in terms of approach and terms?
These companies will generally offer to purchase your house quickly but for a discount on the “market value” of the property and/or other flexible terms such as quick exchanges and delayed completion dates.
What you are weighing up is how quickly you need to sell your home, what your financial position is and whether you can take a “hit” on the perceived market value of the property. An upfront hit may be easier to swallow if you factor in the costs of professional fees, extra mortgage payments etc whilst waiting for a sale to happen through a traditional estate agent.
We would strongly advise you to research a number of cash buying property companies and to talk to the individuals to get a flavour of the approach they practice. A few questions we would recommend asking would be:
Once you have the answers to the above it is down to judgement as to whether you want a quick sale and to engage with a cash property buyer and who that will be.
Molae Properties are specialists in property cash buying. Our clients situations range from those simply looking for a quick house sale to those who are, relocating or facing repossession. We are able to buy your house quickly. Plus we can offer flexible terms to suit your needs such as delayed completion dates.
Visit our testimonials page and the FAQ’s to see how our service works in practice.
Alternatively please call freephone number 0800 634 5892 to discuss, without obligation.
“Just a few short words to thank you for looking after me in the sale of my flat. It was a refreshing to deal with a no nonsense company that told me all the facts and figures from the start. Having dealt with a previous company that lied and tried to rip me off just so they could get my flat cheaply Julien came round and talked me through and assisted me all the way right down to turning off the light. Although you don’t get market value I got a good deal with no hassle and it certainly saved me a lot of time and headaches. And helped me into my new flat a lot quicker. Once again many thanks.” R. Kimbell, Feltham
With interest rates static at 5%, living costs and fuel prices rocketing increasing numbers of people are struggling to keep pace with mortgage payments, and other debts secured on property.
The Ministry of Justice said 28,658 house repossession orders were made by the courts in England and Wales in the second quarter of 2008. This was up 24% on the same period in 2007 and 4% higher than the first quarter of 2008. Records show that 1.5 million people have current mortgage deals which are about to expire.Read More
If you have decided to sell your house, these are the options available to you. The option you choose may depend on a number of factors, like how quickly you want to sell your house, or how much you are prepared to pay estate agents and others to handle the sale. Read More
With higher interest rates and the effects of the credit crunch, homeowners face a greater risk of repossession than they behave been since the 1990s.
According to the Royal Institution of Chartered Surveyors (RICS), around 45,000 homes will be repossessed in the coming year – this equates to 123 repossessions every day.
This represents a 50% increase on the repossession rate in 2007. Read More
Home repossessions are set to rise dramatically next year, and will reach levels not seen since the 1990s house price crash, according to figures released by the Council of Mortgage Lenders. Read More
According to the FT, the number of companies offering quick house sale solutions has increased dramatically over the last couple of years. There are now more than 200 companies that offer homeowners a fast house sale. This figure has risen from around 25 property cash buying companies about a year ago.Read More
The number of companies offering quick house sales has increased recently, and there are now over 200 such companies in this sector, up from around 25 just a year ago. So why are people looking for a fast house sale? Read More
There are many people and companies on the internet that advertise themselves as a property cash buyer and, if you are looking to sell your house fast, it’s important to be aware of the differences between them. Read More
How to stop a house repossession if you have fallen behind with your mortgage or any other loans secured on your home and you are under threat of repossession. There are a number of ways to deal with the problem:Read More
Repossession figures do not give a true picture of the extent of the national debt problems, as many homeowners with debt problems are opting for fast house sales in order to avoid repossession.
This is the verdict of litigation specialists Moore Blatch. They say that, while the numbers of homes that are repossessed often hits the news, this fails to account for the hidden majority that are sold before the repossession process reaches its conclusion.Read More
If you find yourself in severe financial troubles, the only solution to the problems may well be to sell your assets. For most people, the main asset of any significant value will be a house or flat.
When this property is your family home, this can be a very difficult decision to have to make. The thought of having to give up your biggest asset is bad enough, but when that asset is your home as well this makes the decision even more difficult. Read More
A broken property chain is one of the most stressful and annoying experiences for people looking to buy or sell property.
In many property deals, the various buyers and sellers are linked to each other, with one transaction often dependant on another. If one buyer or seller backs out of a deal, it can have disastrous effect on the whole chain. Read More
If you are selling inherited property, there are a number of decisions to be made. You may wish to live in the property yourself, rent it out or sell it. There may be taxes to be paid on the property you inherit, or you may have jointly inherited the house or flat with others.
It is important to get organised here, and ensure that any outstanding debts or taxes or paid up. In addition, it is important to decide what you want to do with the property. Read More
According to the BBC only 4580 homes were repossessed by mortgage lenders in 2019. This represents the lowest number of repossessions since 1980.
However, the most recent government statistics show that mortgage repossession claims (the first stage towards repossession of a property) have started to rise from a low base in 2015. This may well translate to more repossessions in 2020, so what can you do to stop the bailiffs knocking on your door?Read More
The sale of my property was well managed with regular communication and advice and support provided throughout the process. The company also provided legal support through one of their panel solicitors which was professional friendly and reassuring during what was a complex sale. They are trustworthy and reliable and I would recommend this company to anyone looking to sell their property. Thank you for making this a much easier process.
R. Mangal, Leyton, London, E10
