Despite the UK’s Stamp Duty holiday coming to an end, there appears to be no let-up in demand, helping to push up property prices. However, selling a property on the open market through a traditional estate agent, even in these buoyant conditions, is not as easy as many would think, and does not suit everyone’s circumstances – particularly if they need to sell quickly.
In the United Kingdom, during 2020, more than 300,000 property sales fell through, an increase of 12% in 2019. It is also predicted that the 2021 figure could be even greater as buyers pull out of purchases due to missing the Stamp Duty deadline. The result of a collapsed chain can be devastating, leaving several people having to start over again. In addition, it is currently taking more than four months to complete a house sale or purchase from the point of accepting an offer – and that is without hiccups.
There can be many twists and turns in the sale of a property, with some of the most common reasons including buyers pulling out, mortgages not being approved, properties being down valued, and of course unexpected survey findings.
That is why WeBuyProperty.com was set up, an online, full-service property buying platform, to offer people who wanted a guaranteed quick property sale, an alternative to the open market which is reliable, efficient, and discreet.
The idea of an organisation like WeBuyProperty is to provide a useful service for homeowners who need to unlock the cash in a fast. In some cases, able to buy properties within days and cover all fees (such as for solicitors and searches). The transactions are paid in cash for the property, in exchange for a discounted rate.
Reasons, why sellers use WeBuyProperty, include:
- Avoid repossession, clear debts, or sort out financial issues
- Dispose of inherited property
- Sell as a result of relationship breakdown or divorce
- Want to sell quickly due to age or health-related reasons
- Relocate due to a change of job or to emigrate
- A good way to sell a challenging property (Short lease, high flood risk, subsidence)
Entrepreneur, Director, and Founder of WeBuyProperty.com Tommy Hughes said: “Over the last year we have helped hundreds of sellers. Some of the most common reasons people get in contact with us include homeowners who are trapped as a result of the cladding scandal, those who would prefer a quick and discreet sale for personal reasons, and people who have inherited a property and, at an already distressing time, want the property sold as quickly as possible. With house prices as high as they are, accepting a slightly discounted rate for a hassle-free quick sale works in many vendors’ favour.”
However, there are, like all industries, rogue operators who can mislead homeowners causing them to lose out financially. Just like traditional estate agents, the quick house sale market is not regulated. That is why reputable companies, like WeBuyProperty, voluntarily join the National Association of Property Buyers (NAPB) which ensures all members must register with The Property Ombudsman (TPOS) and adhere to its Code of Practice.
The NAPB is a not-for-profit organisation that, alongside The Property Ombudsman, promotes high standards in the quick sale property sector. All members must follow a strict Code of Conduct to treat sellers fairly. By using a member of the NAPB and registered with TPOS, homeowners can access its independent redress in the event of a dispute.
If you have any questions about selling a property or home in the United Kingdom, through a quick sale agent like WeBuyProperty, would like a no-obligation valuation or just some guidance on the best approach for you, contact +44 (0)207 449 9797 or [email protected] or WeBuyProperty.com