Selling a Dilapidated House

It can be harder to attract a fair and fast offer from a buyer for a dilapidated property that has fallen into some type of disrepair, but achieving this outcome will not be impossible.

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Your top questions when selling a dilapidated house

✅ How do I know whether my property is considered to be dilapidated?

Dilapidated houses, flats and other categories of residential property are those that have fallen into some state of disrepair due to neglect and not being maintained. Some of the damage that a property might be suffering that could lead to it being viewed as dilapidated includes flaws in the fixtures and fittings inside, widespread structural problems and related negative issues.

✅ Could someone that wants to buy my dilapidated home get a mortgage for it?

It may be very difficult, if not impossible, for a buyer to win approval for a loan to buy a home. That’s because lenders will worry that that they won’t be able to resell the property due to its dilapidated condition, in a situation where the buyer defaults on the loan and selling the home is needed to recoup the outstanding amount of money owed to the mortgage provider.

✅ What are some of the reasons why buyers don't like dilapidated flats or houses?

Beyond the concerns about being able to get a mortgage to afford the purchase of a dilapidated home, buyers could have other problems with this type of property. For example, some buyers might be worried about the costs that they would face in fixing the home as the next owner and others could fear that problems will return even if the dilapidation is eventually addressed.

✅ Should I attempt to repair my dilapidated property before trying to sell it?

Whether or not to fix a dilapidated home ahead of seeking a buyer will be a decision that is unique to your selling situation. Consider whether you have the energy, financial resources and time necessary to start what could be very time-consuming and expensive repair work, or whether it might be much less stressful to sell the home as is in its current condition.

✅ How much will I pay in commission when I sell my dilapidated home?

Estate agents will typically charge fees in a range between 1.15 percent and 1.40 percent of your property’s final sale price, and this increases to about 2.5 percent when you sell through an auctioneer. If your goal is to completely avoid paying any commission when selling then you should either sell without any third-party help or sell to a no-fee quick property buying company.

✅ What is the usual timeline for trying to sell a dilapidated flat or house?

It will depend on which option you choose for finding a buyer because selling through an auctioneer can take at least several months, whilst using an estate agent or selling without any help may take more than a year. But if you opt for selling to a zero-fee quick buyer such as LDN Properties then the entire schedule might only be a handful of weeks from start to finish.

✅ How can I know to trust a quick buyer when selling my dilapidated property?

The simplest way to get peace of mind when selling to a quick buyer is to have them prove whether they are registered with The Property Ombudsman, an independent entity that writes policies to guard homeowners against scams in the industry. All TPO members, like LDN Properties, must follow these rules, so only ever sell to a company that is registered.

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"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward."Thomas from London

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