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Frequent Questions
1. How do I sell my property through SellMyHouseFastUK.Com? If you need a quick cash sale, or if you would like to sell your house and rent it back, we can help. Simply complete our simple online enquiry form, and one of our experienced consultants will contact you to discuss how we can help. 2. Where do SellMyHouseFastUK.Com buy property? We cover all areas of England, Scotland, Wales and Ireland. 3. How do I find out if you can help me? By filling in our on-line application form, simple as that! 4. What type of property do you buy? We buy all types of property:
5. Does the property need to be in good condition? No. SellMyHouseFastUK.Com will consider a property in any type or condition. 6. How much would you offer me? In the current downward market where mortgages and loans are being restricted, it will typically be around 70 to 80 percent of true market value. 7. How does your offer compare to the prices quoted by an estate agent? The price we offer depends on a number of factors such as the type and location of the property. We usually offer around 70 to 80 percent of the confirmed market value, which may not be what an Estate Agent has quoted you as an initial asking price. Asking prices and actual sales prices are often somewhat different! You're more likely to achieve a higher price on the open market but there are no guarantees of when the sale will complete, plus you'll still have to pay additional costs such as estate agency fees (typically 1.5% to 2% + VAT), HIPS and mortgage payments in the meantime. We can also help you to find a solution beyond the sale of your property, such as our rent back plan or a quick release of funds for your next property. 8. Why should I take a below market offer? If you need to sell quickly for some reason, you can actually make savings against the alternative of taking a long time to sell and the escalating costs that can result dependent upon your situation. 9. What will you charge me for buying my property? Selling your property to us costs you nothing! Our aim is to make the sale as smooth as possible. So we will give you a no-obligation, no-cost valuation on your property. 10. What fees will I have to pay? There are no fees, no survey charges, no commissions or hidden costs of any kind and we will pay all valuation costs. 11. Will you offer me the same price as I would get on the open market? Although we typically offer in the region of 70 to 80 percent of the open-market value, there are a number of other factors you need to take into consideration when selling to us. Firstly, our offer is guaranteed. You can go to the expense and spend a lot of time putting your property up for sale and there is no guarantee that you will get the full market price or even an offer. All the while you have to make repayments and the value of the property could be depreciating. So at the end of the process all you could end up with is a bill from your estate agents and no sale. Compare this with the guaranteed offer we make and the fact that we aim to complete the sale fast. We can even let you stay in the property, by renting it from us after the sale, increasing your options. 12. Could I achieve a higher price with an Estate Agent? Not necessarily. The majority of buyers coming through an estate agent will make you an offer and expect you to take much less, probably as much as 20% in the current market. Recent times have also shown that Estate Agents are unable to deliver on their promises while at the same time costing you money in HIP fees, solicitor and agent fees, whilst you are left paying the mortgage. Agents often have to significantly reduce their 'market price' with no guarantee that other parties can complete. As a result, many Estate Agents are now having to close down! If you need to sell to move quickly we will ensure you get cash for your property as quickly as possible. 13. Do I have to accept the offer straight away? No, you are under no obligation to accept our offer either at all or straight away. However, if several months go by since we offered on your property, we will have to repeat our searches on the current market situation and property prices in your area. 14. How long will the process take? It can be completed as quickly as you wish. Just state the timescales required. We usually work to a 6-8 week time scale but we can complete faster if necessary. We are also happy to enter into a sales agreement with you immediately to give you the security of a confirmed sale. We will work within your time frame and at a speed to suit you. Remember, our aim is to fit around your needs, so we are also able to exchange contracts and then schedule completion to coincide with your move/purchase, or you can even stay in the property on a rent-back option for as long as YOU want. 15. Do I have to leave my house or can I rent it back from you? As we said above, we would be happy for you to rent the property back from us for as long as you want. When we make our confirmed offer to buy your property we let you know what the market rent will be. Further details on rent back are below. 16. Will I still require a Solicitor? Yes, you can use your current Solicitor or alternatively we have tried and tested independent solicitors to act on your behalf. To make the purchase even smoother and quicker we encourage you to use our independent solicitors as they know exactly what you and we require. 17. How quickly can I get the money? Your solicitor will release the money as soon as the transaction is completed. 18. Do I need a Home Information Pack (HIP)? No, part of the terms of HIPs is that they will NOT be required in a private sale. The sale of your house to us is a private sale, so we do not require, nor do you need to provide a HIP. 19. Do you carry out a survey? Yes, all purchases will be visited by an RICS (Royal Institution of Chartered Surveyors) surveyor to value the property. Offers will be subject to the satisfactory result of this. 20. Will my estate agent mind if I sell direct to SellMyHouseFastUK.Com? Naturally they will not be very happy about losing their commission, but you must remember that your quick sale is more important. We always advise that you read your estate agents agreement and give the correct notice. 21. Will anybody know about the sale? No, our service is completely confidential. Nobody will know about your sale unless you choose to tell them. We won't put a for sale or sold sign up outside your house, and no one will need to know about the sale if you don't want them to. 22. How quickly would I have to leave my house? Our aim is to work in partnership with you. We would discuss your situation and work out the best option for YOU. If you want the security of the completed sale, but are waiting for your new home to become vacant, or waiting to move abroad, then we would be happy for you to rent the property until your move-out date or indeed longer should you wish. 23. I am in arrears with my mortgage and/or have a repossession pending can you help? If you're struggling financially to pay your mortgage, credit cards, bills and any other secured and non-secured loans, we can stop you from sliding further into debt or avoid house repossession by providing tailor-made solutions. We will allow you to stay in your home as a tenant, and you can even buy it back in the future when your financial situation improves, should you wish. We offer a 'Sell and Rent Back' service that allows you to receive the cash for the property and remain as a tenant. We understand that the threat of house repossession can be a stressful and worrying time. We aim to produce stress-free, no-hassle solutions which allow you to successfully move on in life. Once we have assessed your situation we will work with you to ensure the best possible outcome for you. 24. I am being threatened with eviction – can you help me? Yes we can! Our solutions can stop the eviction, and we can exchange on your property, to give you a guaranteed sale, all within short notice. 25. If we are being repossessed, and we have chosen to sell to you, do we need to tell the people who are repossessing us? You don't have to do a thing. The solicitor acting on your behalf will talk to them and arrange for their loan to be paid upon completion of the sale and the balance paid over to you. 26. Will you buy my property if I am ill? Health problems can cause unexpected loss of earnings and also mean that you have to pay for expensive treatment or care. In either case your property can be an answer to the problems. Either through a total sale or an equity-release scheme, we can provide you with the cash you need to get on with your life. We are flexible in how we approach the transaction enabling us to tailor a deal around individual circumstances - making sure you have one less worry to deal with. 27. I am considering emigrating - can you help? Whether you are leaving the country or simply moving to another location in the UK, we can help with your property. In many cases people are moving for work reasons and need to sell their house quickly to meet their employer’s timetable. The stress of selling your home while at the same time arranging a new life in a different country can be intolerable. In this situation, you do not want to risk putting your house on the open-market and having to wait months or even years for the sale to complete and then pay legal fees and estate agents costs. We will make you a quick no-obligation offer on your property and if you are happy with it, aim to complete the sale and have the money in your bank fast! Allowing you to get on with arranging your new life. Whether you want to supplement your pension or are concerned about meeting your mortgage payments when you retire or need to pay for nursing care, we can release the cash you need. We will buy your property outright. There are no agent’s fees, valuation or administration fees. The money released is then yours to do with as you wish. 29. Do you buy property from people who are getting divorced or are separating? When property is involved in a divorce or separation, it can get messy. In many cases you will want a quick sale so the proceeds can be divided up between the parties and any debts cleared. You don’t want to worry about estate agents, showing buyers round or getting involved in long chains. This is where we can help. Within a short period of time of you contacting us we can have completed the transaction and given you the proceeds of the sale. We offer a flexible solution tailored to meet your personal needs and can even allow you to rent or buy the property back from us after the sale. 30. Do you buy tenanted properties? Yes, subject to a valid shorthold tenancy agreement being in place, and that the current rents charged are high enough to cover a lender's rental coverage criteria. 31. Do you buy investment properties? Yes! 32. What is Sell and Rent Back? We will arrange to buy and rent back your property. This is a solution ideally suited to those who want to sell their house, flat or property to repay the mortgage and any debts, and then rent the property back. 33. Do you offer rent-back or buy-back options? Yes, we offer both schemes that are designed so that you can stay-on in your current home after the sale. After you have sold us your property you can rent it back for as long as you want. At the time of the sale you can also opt to buy the property back from us at some point in the future when your financial circumstances have improved if you so wish. Our rental rates are based on fair market prices and the term of the agreement can be as long or as short as you want. With our buy-back option you would agree to purchase the property at an agreed price in the future. We are flexible to our customers requirements, so if rent-back or buy-back are important to you, please contact us so we can discuss how best to meet your needs. 34. Do you provide an option to buy the property back at a later date? Yes. As we mentioned above this is an attractive option for people who have temporary financial difficulties, such as a period of unemployment. We can make arrangements for you to rent the property and then have an option to buy the property back at a discount to the market value. 35. What happens if I have a poor credit rating? Your credit rating will not affect selling and then renting back your home. It is quite normal for people to be in arrears with mortgage and loan repayments prior to contacting us. So be assured that with us your credit rating will NOT affect your ability to rent back your property. 36. Will I be asked to quickly leave if I sell and rentback? With sell and rent back properties we view them as a long term portfolio investment, the best possible tenant is someone who looks after the property and pays the rent in a timely fashion. 37. How long can I rent the property back for? The property will be rented back to you under a tenancy agreement, if required this can be for a few months or many years. Every case is individual, some people will only want to rent for the short to medium term, possibly with the view to taking on a mortgage at a later date. Others will want to release the property equity for their retirement and rent the property on a permanent basis. By filling in our on-line application form one of our experienced consultants will contact you to discuss how we can help. |