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How to sell a problem property and free yourself of a property problem Tue, 10 Dec 2013 15:16

Problem properties come in many guises, but selling a problem property is not as difficult as you might think.

Problem properties can include:

Properties with structural issues
Properties with sitting tenants
Properties with damp and mould problems
Properties with subsidence
Properties damaged by fire or flood
Properties that are derelict
Properties with short leases
Properties in areas of high crime
Legal and title problems
Properties close to a mobile phone mast

Properties of unusual or non-standard construction
Properties in need of complete refurbishment
Properties with illegal development or not conforming to planning or building regulations
Properties with bad smells
Properties with anti-social neighbours
Properties where a "hoarder" has lived.

In case you do not feel a sense of urgency towards your sale, it is worth noting that, while a property is sitting empty, it may become even more of a problem!

It will become liable for Council Tax and you will be paying for utilities including gas and electricity. The property may also attract squatters, criminal damage, and asset theft such as removal of roof tiles, boiler, kitchen and bathroom fittings, or copper piping - all growing issues for empty properties.

It is naturally fair to say that such properties will be of limited appeal to owner occupiers and also will struggle to get mortgage lending on them, meaning that pretty much the only route to sell problem property is through an auction or to sell to a cash buyer.

If you sell your problem property through an auction, there will be fees involved to value and list the property (typically around £500) and fees on the sale which are usually 2% + VAT and solicitors fees too. There is no guarantee that your property will sell on the day. It really depends who is in the room on the day that your property goes under the hammer.

However, selling your problem property for cash is much easier and there may be no fees involved when you sell to a cash buyer who specialises in taking on property problems.

Dream House Buyer will make a cash offer for your property within 48 hours and we will also pay your legal costs. There are no agents to pay, and we buy your property direct - it's fast and hassle-free and we can buy your house as fast as you want to sell.

Richard Hill, Founder of Dream House Buyer, commented:

"We have many years of experience of dealing with problem properties ... in fact, you could go as far as to say that they are one of our "niche" specialities.

Our years of experience allow us to assess the value of the property very quickly, and make a cash offer to relieve the vendor of the headache of the property with a speedy transaction.

We have substantial cash funds to invest in property and will offer you a guaranteed cash sale, hopefully relieving you of the stress associated with some types of problem properties".

Dream House Buyer is a family owned property buying company that considers all types of property, and we buy property with sitting tenants too, regardless of how long they have been your tenants.  We will make an instant cash offer for any property in the UK, regardless of the size, location, condition or value.

We will buy any property that you might consider a problem - including property with sitting tenants, flats with short leases, problem tenants, unmortgageable and structurally damaged property.  We also buy ground rents and portfolios. If you think we can help, then please invite us to make you an immediate cash offer for your property.

Contact us on 0800 1577 497 or email us info@dreamhousebuyer.co.uk

 



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