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How to realise your capital with house buying companies
After an estate has been settled you may find yourself the new owner of a second home that once belonged to a relative.
Any further questions about selling a property without estate agents?
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After an estate has been settled you may find yourself the new owner of a second home that once belonged to a relative. It may be situated far from your own residence, perhaps even abroad; the property may be in a poor state of repair or have issues like subsidence.
At what is already a difficult time for you the added burden of managing the complexities of a second home can be extremely taxing. At the same time you are liable for the costs of the maintenance and upkeep of the property causing further financial stress.
Most people’s first thought is to contact an estate agent to manage the sale of your home. However, there are some pitfalls to this route, which you should be aware of:
- Estate agents will take on average 6 months to sell your inherited home, so there will normally be a substantial period of time where you are responsible for maintenance and security.
- Regular visits to the property need to be made in order to ensure it is in adequate viewing condition. This could affect the market value and time taken to facilitate an exchange.
- On average agents sell property at 7% below the asking price and charge 2.5% in fees. Factoring in solicitor’s fees, that could mean your inheritance will have fallen by nearly 10% in value once a sale has been executed.
All in all the problem for most of us is that unreliable Estate Agents seem to drag the process out until you are left feeling that your inheritance has become a burden rather than a blessing. Using house buying companies like MPG Investments offers a solution to this problem.
Let’s take a look at just some of the ways that MPG as your property investor can assist you in selling on a property:
- Time – Our process can be completed in 7 days. By gaining access to your money quickly you could be saving huge amounts in interest payments on other commitments.
- Settlement – If there are multiple parties involved using MPG as your property buying company can provide a quick, effective solution to a deceased estate that will be of benefit to all parties.
- Fees – You will already be aware of how much of a deceased estate can be absorbed in taxes and solictor’s fees. MPG will not make you feel like someone else has taken a bite out of your inheritance. We guarantee no hidden charges or fees.
- Problem Property – Perhaps your property is suffering from issues like subsidence, rendering it virtually unsaleable? Don’t panic - we will always be able to give you a cash offer, whatever the conditions of the property.
Unlike other house buying companies, at MPG we believe in true flexibility. It is about finding the right solution to fit you, rather than you fitting in with a service we offer. That way MPG will never make a difficult situation feel even worse.
To see how MPG Investments can help you call us today on 020 8732 3555 or email us at enquiry@mpginvestments.co.uk for more information.