How long does the offer
take?
Once we
have spoken via phone and confirmed the property details, we will carry out the
appraisal in-house and are usually able to come back to you with a formal offer
within 24 to 48 hours. Usually we are able to give you an indication as to what
our offer is likely to be during our initial phone discussion.
How much will you offer me?
We
believe in being honest and upfront. The discount we typically apply is
approximately 20% off the current market value of your property. This can be
less or more depending on the location, value, condition and whether the
property is tenanted or not. We can also offer near to the market value if you
are willing hold financing for at least 10 years, which we will pay you interest
on.
Do you charge for valuations
and are there any fees, charges or hidden costs?
No.
Do you need to arrange to inspect the property internally?
No. We are prepared to inspect the property externally and
make a formal offer subject to an internal inspection. On occasion, where the
situation is justified, we can purchase without an internal inspection, such as
where the property may have tenant problems.
What do you do with the property once you have bought it?
Each
property is appraised and treated on an individual basis. Some properties are
retained for our investment portfolio; others are renovated for resale, or
simply resold in their current condition.
Do I need to move out straight away?
No. We
can offer one of our flexible stay as tenant schemes for days, weeks, years or
even life!
Do I need a Solicitor?
Yes. If
you do not have a solicitor we can recommend one. We will even pay your agreed
legal costs.
Where do you buy properties?
Nationwide.
Will anybody know about the sale?
No. All
discussions are in the strictest confidence. We will not erect a "sold" or
"acquired" board while you are still living at the property.
If repossession proceedings have been issued, can these be stopped?
Yes. In
most instances the lawyers will speak to the mortgagees and arrange for any
loans to be repaid and proceedings halted.
Do you purchase all types of properties?
Yes. We
purchase all types of properties, including commercial, land, farms, and those
with sitting tenants, in any condition, vacant or rented. Even those with
planning, legal, tenant or structural problems.
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