Selling
Selling isn’t a one-fits-all kind of thing…
When selling your property, a simple google search might inform you that there’s only way, which isn’t entirely true. There’s a popular way - but also a plethora of underrated methods.
Traditional selling
Typical selling process: private treaty on open market
Property advertised with asking price
Buyer submits offer for consideration
England and Wales process:
Offer accepted, agreement reached
Contract of sale issued, contracts signed, exchanged
Exchange of contracts after buyer's research, mortgage arrangement, solicitor's assistance
Legal commitment post-contract exchange
Prior to exchange, either party can pull out if circumstances change
The typical way to sell a property is by private treaty on the open market. The property will be advertised with an asking price and the buyer will submit an offer for you to consider if they want to purchase the property.
In England and Wales, once an offer has been accepted and an agreement is reached, a contract of sale will be issued and those contracts signed and exchanged. The exchange of contracts will only happen once the buyer has completed their research, arranged any mortgage necessary and asked all the questions they need with the help of a solicitor.
Both parties are only legally committed to the sale once the contracts are exchanged, up until this time if circumstances change, either the seller or the buyer can pull out.
Off market selling
Off-market selling: not advertised on open market
Common for high-profile, high-value sales or landlords selling to investors
Main reason: quicker than traditional route
Traditional sale: time-consuming, multiple viewings, constant communication with agency
Off-market selling: quicker, less stress, desired results faster
Off-market is the term used to describe selling a property without advertising it on the open market. This method is commonly used for high profile, high-value sales – where the seller does not want to publicly advertise the property – but is also a way for landlords to sell their property on to another investor.
So, the main question is - why? Simple answer is that its far quicker than going down the traditional route.
The trouble with the tried and tested ‘Traditional sale’ is how time consuming it can be. The average working home owner doesn’t have time to accommodate X amount of viewings per week, and find it troublesome to keep around-the-clock communication to their agency.
Off market selling gets you your desired results quicker and with far less stress.
Selling your portfolio
Whether you wish to sell for tax reasons or just because you wish to offload your portfolio, we can help.
Our expert team of agents have decades worth of experiences in selling property, because of this we have a large database of both residential buyers and investors. These buyers are either looking for single properties to buy or a large portfolio to invest in.
Once you get in touch, we’ll take a look at the value of each property and the rental income. From there, we’ll calculate current yields and potential increases. After this, we’ll push your portfolio out to our investment database (without revealing any addresses) and then you’ll be notified shortly after once its begun to generate interest.
Preparing for the unexpected…
It’s always better to be safe than sorry, and addressed have detailed some of the ways you can protect yourself from life’s challenges
The Definitive Mortgage Guide
addressed invite you to click below, taking you to our definitive, detailed guide on all the need-to-knows surrounding mortgages