How to sell lock up garages
If you own lock up garages you may be thinking how to sell quickly, however it’s important to know the key steps before selling.
Selling garages: typical questions and answers
If you’re trying to sell your lock up garages, you probably have a few questions for us about the steps. Here are a selection of the questions people ask us:
✅ How are lock-up garages defined?
Lock-up garages generally are individual garages that are separate from residential properties, for example there could be an alley of several garages completely unconnected from a house or block of flats. They can be used for storing whatever fits inside the space, and they are usually secured with a lock when the garage door is closed, hence the name lock-up garage.
✅ Is it possible to sell any type of lock-up garage?
Possibly, but there are several factors that can complete or event prevent a sale. Lock-up garages are sold throughout the year across the UK, and some can attract very high prices. However, if the garage is separate from, but still part of, a larger property such as house then the lender that provided the mortgage for the property owner might object to selling the garage.
✅ What is the fastest method for selling my lock-up garage?
Using a quick home buyer such as LDN Properties means you should be able to sell your lock-up garage within a few weeks, and that includes exchanging contracts and receiving the sale proceeds. If you sell via an auction you can expect to wait at least a couple of months to complete the entire process, and selling with an estate agent can take even longer.
✅ Does every method of selling my lock-up garage come with fees?
No. You’ll be liable for paying commission, which can be quite large, if you use the services of an auctioneer or an estate agent to sell your lock-up garage. But if you sell your property on your own, or you use a fast buyer like LDN Properties, then you won’t have to pay any fees and you can count on receiving the full profit from whatever sale price you get for the garage.
✅ How do I know if an estate agent is quoting an accurate price for my lock-up garage?
Some estate agents might mislead you by quoting an inflated price for selling your lock-up garage, because they want to get your business. A simple way to avoid this trick is to get quotes from multiple estate agents and also look at prices of similar garages online, and then calculate the average of all the values in order to get a more accurate price for what you’re selling.
✅ What safeguards do I have to know I can trust a fast buyer with my lock-up garage?
Legitimate quick home buying companies, for example LDN Properties, belong to a third party organisation known as The Property Ombudsman (TPO), which publishes rules that aim to shield homeowners from scams in the fast buying sector. All TPO members must adhere to those regulations, which should give you additional peace of mind when selling your garage.
✅ What are the pros and cons of trying to sell my lock-up garage on my own?
It might be tempting to try selling your lock-up garage without using an auctioneer or estate agent because then you won’t have to pay them any fees for their work. However, you will have to invest time and money in selling your garage, and it can be very stressful. An easier way to sell your garage quickly and without fees is using a fast buyer like LDN Properties.
LDN Properties can make you a cash offer for your garages
Are you looking for a simple and quick way to sell your lock up garages? Click on the button below, or speak with the team at 020 7183 3022. We’ll talk you through our straightforward and stress-free approach to give you a fair offer to buy your garages with no fees.
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