Here at Quicksalecompletions we are actively looking for properties to buy quickly in Sheffield. If you are selling a property in Sheffield and need a quick sale completion call us Now……..
We will make an offer on your house within 24 hours. Typically we complete in 28 days. And remember there are NO ESTATE AGENCY FEES and NO LEGAL FEES……
If you own your own property then the main bulk of your equity could be tied up in your home. Many events can happen throughout life that could leave you in a difficult financial position including ill health, redundancy, divorce and bereavement. One way in which you can respond to these financial difficulties is to use a professional and reputable homebuyer’s service. This will enable you to sell your home in as little as two weeks and gain quick access to much needed cash flow.
Offers and Quotes
If you are interested in selling your home quickly with a homebuyer’s service then you will need to shop around for the best deal. Look for trustworthy companies that have a good reputation in the market and get at least three or four different offers. If you are using quick sale services then you should expect to receive offers that are around 70 to 75% of the current market value of your home. You do need to be wary of any company offering you a price that is over 75% of the market value. This could indicate a service that is trying to ‘hard sell’ you into accepting their offer. Many of these services find ways to drop their price at the last minute so you have no choice but to accept a reduced offer later on.
It is a good idea to get your home privately valued by a professional estate agent before you approach any homebuyer’s services to ensure you have a realistic idea about how much your home is worth.
Fast and Stress Free Sales
It could take you weeks or even months to sell your home on the open market, even if you do offer a reduced price. One of the main advantages of using homebuyers services is you could sell your home in as little as 14 to 28 days. Some services also claim to buy your house in as little as a week or even 24hrs, but in reality very few companies have the resources necessary for such a quick turnaround.
Homebuyer’s services are ideal if you need to access cash quickly for emergencies. They also take a lot of the stress out of selling your home. You will not have to worry about property chains, exchanging contracts or negotiating with buyers. Once you have accepted the offer the homebuyers service will take care of the rest of the details for you.
Additional Costs
The majority of homebuyer’s services will want to see a full surveyor’s valuation of your home before they finalise any offers. Some services insist you cover the fees for this service (around £200 to £600) upfront. It is best to avoid these services as you could end paying for a survey and then not receiving an offer for your home. Reputable services may also charge you for surveys, but will include this in the overall price of the service one you have received an offer. Look out for administration fees and other charges that can eat into the final price you receive for your home.
Who we are…
If you need to sell your house for cash it is important to shop around and compare a few different offers. Be very careful who you are doing business with and never accept an offer that is lower than 70% of your homes real value.
This short blog posts runs through some of the costs that you have to bear in mind when selling your house:
1) Estate Agency Fees
Depending on your location in the UK, Estate Agents will usually look to charge between 1.5 and 2.5% of the sale price achieved (excluding VAT). For this charge, they will actively market your property to their lists of buyers as well as place it their shop window, local newspapers and websites such as Rightmove and Find a Property. Expect to pay a similar cost if you are looking to sell your property at auction.
There are also a few private and online house sale companies that charge considerably less. If you choose to go down this route (and pay a deposit, for example) be sure to check the background of the company and whether they have a proven track record.
2) Solicitors Fees
You may find that the Estate Agency you are using recommends their ‘in house’ solicitor - however, you should note that you are under no obligation to use them.
In terms of cost you will be paying – some charge a percentage of the sale price of your home, whereas others will go for a fixed percentage or fee. You may also be charged more if you have a larger property and if your property is a leasehold (as more checks will need to be undertaken).
As a benchmark figure, you should not be paying more than between 0.5-1% of your properties sale price. Also, use a solicitor that works on a ‘no-sale, no-fee’ basis to protectyourself if something goes wrong with the transaction.
Should you wish to use our panel of solicitors (with no obligation to use our service) please feel free contact us.
3) Redemption / Arrangement Fees
Many of the clients that contact Quick Sale Completions often forget that if you are paying off your mortgage before the end of the stated terms – most lenders will charge a set fee. Unfortunately, there are some homeowners that were not aware of this charge which can be up to 5% of the house value. You may also not be aware of the mortgage ‘arrangement’ fee which is often added to the loan at the start of the agreement. Contact your lender(s) to discuss where you stand.
4) Moving Costs
You should bear in mind the costs of moving out of your home – these would vary depending on the amount of possessions you have; how far away your new home is; if storage would be require; the ease of moving furniture and larger items in and out etc.
Please see below a short interview with debt management expert, John Peart aka ‘Johnny Debt’. Quick Sale Completions have worked with Johnny for a long time and often refer clients who are looking for no-nonsense and impartial advice directly to him:
1) First off, can you give readers an idea of what you do at ‘Riding the Rhino’ and ’Debt Advice UK’?
Riding the Rhino – this is basically an on-line forum where people with financial issues can ask a question to which the general public and professionals can reply. The idea is that anyone who has massive debt or huge wealth issues, can ask a question on the forum. The forum is also there to update people on news as well as to give money making and saving tips etc. We also have a blog section where anyone, or company, can have their say.
Debt-Advice-UK – this site is purely dedicated to people with debt issues. We found that the problem with other debt sites is that they are usually tailored to one specific debt solution. So if someone contacts one of these sites, more often than not, the person in debt making the enquiry will be told that their solution is right for them. Debt-Advice-UK is a group of companies that work as a team, to deliver the right solution or solutions. When someone contacts Debt-Advice-UK, the first step would be to do a full financial fact find, then they will be informed of the different options available to them. They will also be given advice as to how each solution will affect them.
2) Despite reports to the contrary, the UK remains in recession – are you finding that more and more people are contacting your organisation for assistance?
Yes. However, we tend to see different trends as to what problems individuals have. When interest rates were higher, we noticed that there was an increase in the number of people asking for advice on preventing repossessions. However, people asking for advice with regards to their credit cards and loans has been fairly constant.
We have also started to see a rise in the number of people looking to claim back unfair charges and mis-sold payment protection insurance (PPI). I have to say that JD LAW, a company that we deal with regarding these sort of claims, have claimed back many thousands of pounds for clients.
We have also seen a large increase in enquiries relating to having debts written off unenforceable contracts. Currently we are not partnering any company that offers this sort of solution. Firstly, they usually charge a fairly hefty upfront fee and we have also yet to see first-hand a successful case where the debt has been written off.
3) Many homeowners across the UK are benefiting from low interest rates at the moment – yet we all know that this will not last forever. What sort of steps can people take to protect their future position when rates start going up?
This is one issue that we often discuss, I think the fall in interest rates saved a lot of people’s bacon! People really have to think about the future, because one thing for sure is that rates will go up again. I would suggest that people start asking their mortgage brokers and financial advisers what products are available today – that will help protect them in the future when rates do start to increase. This is also a fantastic question that should be posted on the Riding the Rhino forum! There are also other websites such as Love Money where mortgages are often discussed.
4) Recent government statistics have pointed to an actual decrease in the level of repossessions in the UK in recent months. However, should homeowners find themselves in this position what steps should be taken?
This is very easy to answer: at the slightest hint of trouble, seek advice! One of the biggest problems that we have found is that many people bury their heads in the sand thinking the issue will go away. In some cases we have had a call on a Friday afternoon asking to help preventing a repossession, due to take place on Monday. Often we have managed to get an emergency hearing, just before the bailiffs are due to go in and stop the repossession! Yet, we have also failed to prevent repossessions because of the lack of time to prepare. So the message is to seek help as soon as possible!
5) Do you think lenders are more approachable in the current economic climate?
No! We have dealt with quite a few lenders and try to negotiate deals with them. In many cases solutions that we propose to the lenders are ignored. It is only once the case goes to court and the solution is put before the judge, then often the judge will rule in favour of the person facing eviction.
6) Is it ever possible to decrease the level of secured debt (such a mortgage) against a property? If so, how?
Yes. We have dealt with a number of cases where the property is in negative equity. In some negotiation cases the secured lender has accepted a figure less than the amount actually owed and written off the shortfall. Where as others have allowed the shortfall to become an unsecured debt. It basically all boils down to presentation and showing the lender why the deal being offered is a better option than other scenarios that may come about – in other words, showing the lender that accepting the current deal would generate more money than if the property, say, went to auction.
7) There are many people that are now looking to take advantage of low house prices but are finding that the lenders criteria has become more strict. What sort of steps can be taken to improve your credit rating and what, in your opinion, are the best ways to keep tabs on it?
Actually a post was put on the Rhino website to do with credit ratings just today. I think people will find some useful information here. I personally wonder if it has become more strict because the banks just don’t have the money to lend at the moment? I know of some people who have a fantastic credit rating, but are unable to purchase properties in the way that they used to.
I think people interested in purchasing properties should also see if there are any property clubs operating in their area. These are often very useful sources of information, where every single aspect of property is available to you. Just go there and ask the question. There are also a number of ‘tenant-buyer’ schemes which enable people with little or no deposits to eventually get on the housing ladder.
8)If readers have a high amount of unsecured debt (credit cards, loans, HP) – what steps can be taken to decrease / effectively manage them without effecting their credit rating?
The majority of people that we deal with, are usually in arrears with their payments and therefore their credit rating has already started to deteriorate. We are on occasion approached by people who are looking for some form of debt solution and want to retain their good credit rating. The majority of the solutions that we offer will adversely affect someone’s credit rating. However, the service that JD LAW offers with regards to reclaiming unfair charges and mis-sold PPI that we mentioned earlier, can be used in reducing a debt. In one particular case JD LAW were able to claim back over £18,000 on behalf of the client. Examples of these are in the blog section of the Rhino site.
In some cases consolidation loans are seen as a way of reducing the monthly payments to a more affordable level. However this service is not provided by Debt-Advice-UK, but there are many sites that do offer this solution.
9) What are your thoughts on the increasing amount of companies offering ‘debt clearing’ services? What should readers look out for when exploring this option?
I have very strong views about this: if these companies are so good at getting rid of debt, then why do some of them charge such hefty upfront fees. Also I have visited many places on-line and off-line, asking for first-hand evidence showing successful cases. To-date I have yet to meet someone, or see the evidence that a debt has been successfully written off due to an unenforceable contract. This article is also worth reading.
10) If people want to find out more about your services, how can they can in touch with you?
Firstly I would suggest that people go to the forum and ask for advice. Not only is this free, but professionals and individuals are able to offer advice from their experiences. Your local CAB or CCCS are also excellent places for obtaining advice. Should you actually wish to talk to someone confidentially on a one-to-one personal basis, visit Debt Advice UK and there are a number of ways to get someone to call you back when convenient.
