Selling House To A Developer

With many options for selling your house, you may want to consider the pros and cons of selling to a developer.

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Your top questions when selling property to a developer

✅ When selling my home, which buyers are considered property developers?

There’s no single definition, as a property developer can have several meanings, including someone who buys individual homes with the goal of renovating them and selling them at a profit, someone who buys one or more homes with the aim of letting them out to tenants, or a company that owns and purchases multiple properties as part of larger development plans.

✅ What options might a property developer offer to buy my home?

There are typically two ways that a property developer might try to purchase your property. The first is through a part exchange, where they’ll buy your home and discount their purchase price of it from the cost of one of their houses or flats that you intend to buy. The second is to simply offer you a straightforward purchase of your property at whatever price they suggest.

✅ Will I have to pays regardless of how I choose to sell my house or flat?

No, only certain methods of selling will incur fees. If you use the services of an auctioneer or estate agent to find a buyer for your property, they will make you pay commission that will reduce your net profit, because the fees will be deducted from the sale proceeds. But a fast buyer like LDN Properties will never charge you any commission to purchase your home.

✅ What is the swiftest option to find a buyer for my property?

Typically, using a quick property buyer is the speediest method because they can complete the entire process of buying your home in just a few short weeks – and that includes exchanging contracts and paying you the full proceeds. By contrast, it can take at least a few months to sell a home via an auction, and sometimes more than a year to sell with an estate agent.

✅ What are the main benefits of selling to a property developer?

You’ll be dealing with a buyer focused solely on the potential future money they might make from your home, so there’s no emotions involved that can lead to complications when selling to a private buyer. They also might be significantly more flexible with your move-out date, because the property developer will have no plans to use your home as a personal residence.

✅ Are there any disadvantages of selling to a property developer?

There are several drawbacks of selling your house or flat to a property developer that it’s important to know about. They might try to pressure you into accepting a sale price that is below the true market value for your home. And if the property market fluctuates, a property developer might want to delay the purchase, or cancel it altogether, creating uncertainty for your sale.

✅ How can I sure that quick property buyers are trustworthy?

The legitimate fast buyers that you can trust will be members of a third party entity known as The Property Ombudsman (TPO), which issues regulations that are crafted to prevent against fraud in the quick buying industry. All TPO members, like LDN Properties, must follow those rules, which should give you additional reassurance when selling your home to them.

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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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