Is it quicker to sell your Upminster Bridge home using a fast property buyer?
There are several ways that you can sell your leasehold or freehold home in Upminster Bridge, which is within the Havering borough of east London. This mostly residential neighbourhood is well known for the local landmark of a bridge after which it’s named, which crosses over the River Ingrebourne. The bridge has existed in some form since the 14th century.
If you’re a homeowner looking to sell, you will have to decide primarily between using an estate agent, using a property auctioneer, or using a quick home buyer such as LDN Properties. Each approach has its own advantages and potentially disadvantages depending on your priorities when selling, such as how quickly you need to find a buyer for your flat or house.
A perk of using an estate agent is that they will do the work of putting together a listing that shows off your home through text describing its key features such as the number of rooms and photographs designed to make the property look its best, advertising that listing in local media and online, and hosting viewings for prospective buyers to visit the property.
Although this means homeowners have to do minimal work in trying to find a buyer, many people find viewings to be very inconvenient and time-consuming. It can also take a number of months, and in worst case scenarios more than a year, before you get serious offer from a buyer. And there’s always the danger that the offer could fall through at the last minute.
A further negative of selling via an estate agent is the fact that they will charge you fees for their work. You’ll have to subtract this fee from the total net profit that you can expect to make from the sale, which can be a con if your top goal when selling is maximising your profit.
A second option for selling your home is using a property auction, at which you will agree to a reserve price below which your home will not sell. Be sure to set this value at an amount that will still give you a profit even after subtracting the auctioneer’s fees, because you might only get one bid at this amount. And if you receive no bids then your home doesn’t sell and you’ll have to start over.
There could be a delay of several weeks between the day on which you list your home for sale and the day on which the auction takes place. When it happens, your goal is for many people to be interested in bidding on your property so that they keep offering ever-increasing prices to buy it. Should your home sell, that’s considered a binding agreement that you can enforce.
On average, auction houses set a deadline of 28 days after the auction for the buyer to complete the purchase of a property. And auctioneers will make you pay commission often base d on a percentage of your home’s sale price plus VAT, which you will have to subtract from your total sale profit. Some auctioneers might allow you to pass some fees on to the winning bidder.
Or you could get in touch with a quick home buyer such as LDN Properties, which has been buying all types of freehold and leasehold houses and flats in Upminster Bridge and across the rest of London since 2003. There’s no need for hosting multiple viewings when selling this way, because you’ll only ever have to work one-on-one with us throughout the process.
We consider our approach to often be the fastest option compared to using an estate agent or auctioneer, because our team of experts can usually complete the purchase of a home in a few weeks after you first contact us. And that rapid timeline covers every step, including finalising the sale documents, paying you the full proceeds, and exchanging contracts on your property.
And we never charge any fees to people when selling their properties to us, because our belief is that the owner should always get to enjoy the total proceeds from the sale of their house or flat.
