Do you need to sell your home fast, but can’t seem to do it because of some or other problem with your property?
Any further questions about selling a problem property?
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Do you need to sell your home fast, but can’t seem to do it because of some or other problem with your property? Do not lose hope or make any rash decisions – MPG Investments could be the answer for you.
The word ‘problem’ is not in our dictionary. With MPG Investments there are only solutions. Many estate agents or other homebuyers, on the other hand, are deterred by ‘problem properties’ – homes with subsidence or structural issues, bad tenants, short leases, section 20 notices, etc.A section 20 notice, which is an official document issued by the council, holds all leaseholders legally responsible to contribute their share of their building’s refurbishment costs. This is a problem if you are trying to sell your home, because firstly, the construction noise and inconvenience discourages buyers, and secondly, nobody wants to buy a house with debt imposed on it right from the start.
Structural irregularities and subsidence are further issues that cause problems for homeowners who are trying to sell fast. Understandably, many homebuyers and estate agents are unwilling to purchase property that requires a lot of financial investment just to get it up to scratch.
Properties with short leases are also often referred to as problem properties. The issue here is that the home’s value actually decreases in relation to the amount of time remaining on the lease. In the event of the lease falling away, the leaseholder needs to pay the freeholder an amount – roughly equivalent to the property’s drop in value – in order to extend the lease once again.
Probate Property, or inherited property, is also often problematic. If the heir intends to keep the property, he or she will be liable to pay a significant portion of the home’s market value in the form of capital gains tax. However, this large overdue amount forces most probate property owners to sell just to cover this debt. These complications are further compounded if the heir lives in another town or city, as probate property necessitates lengthy – and often expensive – legal proceedings.Whether your problem is a section 20 notice, a short lease, or probate property, fret no more! MPG Investments is equipped with the cash buying power to purchase your house within a single week. Whereas other buyers are deterred by emotional considerations, such as the structural condition of your home, MPG Investments stands out as an investment buyer that recognises the potential in any property.
Thanks to MPG Investments, you do not have to worry about bond approval from mortgage companies, delays and hidden costs from estate agents, and the stress that usually goes with selling a home: Contact us today and you will be surprised at just how fast and easy it could be to sell your home!