Why do section 20 notices and new developments reduce the chances of a quick property sale?

Most prospective buyers are unwilling to buy a property when there is a new development and a section 20 notice looming. These factors imply expenditure and inconvenience, and hence selling becomes a challenge. After all, would-be buyers can guess that the reason you are wanting to sell house quickly is because of the notice and development!

Eventually, the new development will look great, but until then there is noise from dawn until late at night, as well as the unsightly view of destruction as the main focus of the block.

The section 20 notice means there will be havoc in the building for the next few months – and not to mention, financial pressure on the homeowner. Who would want to buy a house where your daily surroundings will be poisoned with terrible noise and the price you pay for the house will increase significantly due to the added amount for the renovations, as per the section 20 notice?

Can you sell house quickly with a Section 20 notice and a new development nearby?

Yes, it is definitely possible to sell a house even though there are certain negative factors influencing the sale.

Great news! You can sell house quickly to MPG Investments

MPG Investments is the answer to your problems. MPG are specialist investors in all residential property and they guarantee to buy your house or flat, even if you have been served with a section 20 notice and even though there is construction work happening nearby.