Sell a Property

If you are in a position whereby you need to secure a quick sale, we may be able to make you a cash offer, with completion within 30 days.

In order to be able to buy quickly and in cash, it will usually be the case that the offer will be somewhat lower than the open-market value of the property.

Auctions have the benefit to sellers of providing a swift sale and the potential to achieve a good price depending on the level of interest on the day. However, many sellers can be put off by the possibility that their property may not sell or may not achieve a high enough figure.

This is where we could help by underwriting your property at auction. Here's how it works:

We guarantee you a price for which we will buy your property before it goes into an auction. If it does not reach this price at the auction, we still buy it for the agreed figure, no quibbles. If it sells at auction for a higher figure, we, the underwriters share the difference with you, the seller on an equal basis.

Example: Property guide price is £80k -£100k, reserve is £90k, property is underwritten at £100k

• Scenario 1: The bid gets to £110k and sells to another buyer. The underwriter receives £5k and the seller receives £105k

• Scenario 2: The bid gets to £95k. The underwriter pays £100k to the seller to buy the property

If your property is in need of modernisation it is unlikely to sell for an optimal figure. The added value provided by refurbishment nearly always outweighs the cost of the works. However, many sellers are not in a financial position to carry out the works prior to selling. This is where we can help.

An assisted sale is where a third party, such as us, enters in an agreement with you whereby we agree the current value of your property and then fund the refurbishment of before it is placed on the open market.

The cost of the refurbishment is then recouped from the enhanced sale price. The further increase in value over and above this is equally distributed between you, the seller and us, the refurbishers.

Example: A 2 bedroom flat in north London in need of modernisation.

• Current value: £325,000

• Cost of works: £25,000 (paid by us)

• Sale price: £375,000

• We receive £25,000 (reimbursing cost of refurbishment) + £12,500 (50% of the uplift in value) = £37,500

• Seller receives: £375,000 (sale price) - £25,000 (refurbishment costs) - £12,500 (refurbishers' fee) = £337,500