Property Selling

Property Selling

How much do cash home buyers pay?

One of the first questions you’ll probably have when looking into and deciding on your cash buying company, is how much do cash home buyers actually pay? Well, we have all the answers and more, the results may be better than you thought. 

At first glance…

It’s a good query, and an important one at that. You need to know whether it’s worth it, whether the quick and easy process is worth receiving a little less for your property than you would at market value. 

Our cash home buying process contains three steps, it’s never been easier to move. 

Currently, cash home buyers, including us, offer 80%-85% of your home’s worth on the market. So for the average UK house price of just under £250,000, you would receive an estimated maximum of £212,500. Be cautious of other companies offering higher rates as this statistic is standard practise within the industry.

Still thinking?

Whilst you might be slightly apprehensive about losing a fifth of the value of your home, there are other things to consider and debate. We offer a completely free service, meaning you don’t have to pay estate agent fees, often 1%-3% of the final value. You also have to take into account solicitor fees, whose average cost is estimated at £2,780. There are no solicitors fees involved by using a cash home buyer. 

Wanting to sell your house at auction?

For the average house price, you would have to pay £4,713 (not including VAT), and most auctioneers charge a 2% commission of the final sale price. As well as this you may also have to pay an entry fee, only paid if the property sells. The percentages start to add up, and keeping track of it all is more hassle than it’s worth. With cash house buyers, these steps are thrown completely out of the window.

Save money with us

There are many other costs associated with selling your property, ones you might not be willing to pay for. There are also an abundance of people you’ll have to deal with when selling a house on the market, with no guarantee your house will actually be bought. If the house selling chain is broken, then you’re back to square one. It’s not only risky, but also a time-consuming and exhausting endeavor. 

Making it a Stress-free proecss

When you are selling a house using the market or by auction rather than a cash home buyer, it is not a simple procedure. There’s a reason why moving house is said to be one of the most stressful life experiences. When taking into consideration the simplicity of using cash home buyers, the reduction of value doesn’t seem that daunting. 

It’s similar to dining at an expensive restaurant. You’re not just paying for the food, you’re also paying towards the experience. With cash home buyers, it’s not just a lowered home value, it’s money towards a simpler and painless experience. We are dedicated to making life easier for people all across the UK. 

Talk to Us

To know more about the cash buying process and how to get a house evaluation, visit us here. 

If you’re unsure about anything, or you just want to know more, contact us via our enquiry form or via telephone.

Property Selling

What is a Sitting Tenant’s Right in the UK?

The sitting tenant’s right is something you only have to think about if you are a landlord looking to sell your currently occupied property.

The first thing to note is that this right doesn’t prevent you, as a landlord, from selling your property. In fact, there is very little a tenant can do to stop the selling process. Landlords still have every right to sell  their property at any time they wish, but the process may be made slightly trickier if a tenant exercises this right.

What does it mean?

A sitting tenant’s right means that a tenant reserves the right to continue living in a property even after a changed ownership. It is against the law for any current or future landlords to evict a tenant directly before or after the sale of a residence if they have an ongoing contract. You may also see this described as a ‘tenant in situ.’ 

Whilst the majority of new landlords can give the current tenant a section 21 notice, ensuring you vacate the property within 2 months, you may fall under an alternate category. If you entered into the tenancy agreement before 1989 you will be under the Rent Act of 1977, meaning you have the rights to remain in the property even after your original agreement or tenancy has expired.

How it impacts the selling process

As we mentioned before, there is very little, if anything at all, that a tenant can do to stop a landlord from selling their property. However, it is important to remember that a tenant can still hinder the process. If you are selling to another landlord, they may be reluctant to buy if the property already has a current occupant, especially if they plan to renovate. 

Many tenants may also be on rent control, meaning if they exercise their sitting tenants right the new landlord will struggle to charge them updated rent costs based on the current house market. 

If you are interested in selling to those who aren’t landlords, you may struggle even more. With house buyers often wanting to move into the property relatively quickly, it all depends on when the tenancy agreement ends.

How it impacts the tenant

If you are someone who is renting a property a landlord is selling and you have an ongoing contract, this makes you a sitting tenant. As an occupier, it’s important to do your research to know what exactly your rights are under the current government guidelines. 

It is common for rental properties to be sold to other landlords, if this occurs you will most likely have little to worry about. Again, eviction is still a possibility for the tenant, but the sitting tenants right ensures you are not kicked out immediately.

Are there any positives?

This right doesn’t mean that the experience for both seller and tenant will end in tears, there are some positives to the sitting tenants right. For example, some occupied properties are more desirable for other landlords, as they are guaranteed rent for at least the rest of the tenancy agreement.

For tenants, an alternate landlord may bring about positive changes for the property, such as renovation or better amenities. 

If you are a current landlord interested in selling your occupied property, contact us today for an evaluation.

Property Selling

Selling A House Through Probate – What To Do After Bereavement

What Is Probate House Selling And When Is It Possible? 

When someone dies without a will, the sale of their property can then be sold in probate. Probate is a legal process where the court gives someone the legal right to manage the estate of the deceased.

Probate is usually required before a house can be sold if the deceased was the sole owner of the property. A sale cannot be completed without a Grant of Probate being issued by the Probate Registry and being provided to a solicitor. However, you are still able to put the property on the market and accept offers before probate is granted.

Depending on how complicated the estate is, this can impact the time frame of which you should expect to receive a grant of probate, which can be anything between 3-6 months. It’s vital to begin the process of obtaining probate in the early stages of planning to sell the property to minimise the overall timescale.

How Long Does It Take?

Once the seller has received their Grant of Probate, the process of selling a house through probate can take months, or even years for complex probate house sales if you’re selling on the open market. However, by instructing a trusted fast property buying company such as WEBUYANYHOUSEONLINE.CO.UK, we could buy your home in as little as 7 days.

As we use our own funds, we are readily available to buy properties much faster than if you were to sell on the open market, allowing you and your family to focus on grieving while we deal with the sales process, as well as support with covering all legal fees. 

Selling a house is stressful enough, so adding the death of a loved one makes it an even more difficult process. We are committed to adapting to your situation and can be flexible with timeframes. All our sales are secure and private so you can rest assured knowing that you are in control of your sale.

Selling In Probate

Losing a loved one is hard, whether it’s a partner, friend or relative – and that’s before the complex bureaucratic and financial issues. Following a bereavement and amidst organising a funeral and sorting the will, a quick bereavement house sale might make this difficult time more bearable.

Selling a house after the death of a parent, or inheriting a property from a loved one requires an experienced and professional team who understand the sensitivities of the probate sale process.

For further information on this subject, as well as a quicker and more efficient way of selling your house, contact our team at WEBUYANYHOUSEONLINE.CO.UK.

With over 10 years of experience, we have established a reputation as one of the UK’s fastest homebuyers. We buy homes in any condition, and in any location.
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