Selling a House With Red Ash
Red ash is a type of construction filler material that was used to build certain properties in the UK between the 1940s and 1970s, and there can be difficulties in selling this type of home.
Your top questions when selling a house with red ash
✅ What does it mean when a leasehold or freehold home has red ash?
From the 1940s until the 1970s, many freehold or leasehold properties throughout the UK were built using red ash, which is a byproduct that is generate when coal is burned at power plants in order to produce electricity. Red ash was cheap and quick to produce, and this led to its popularity over several decades to use as filler in concrete floor construction for homes.
✅ What are the potential problems that red ash can cause at a property?
The main negative issue that can happen at a freehold or leasehold home with red ash is a sulphate attack, which happens when moisture can react with the filler material and cause structural problems with the floors in a home, ranging from small cracks to significant damage. The heavy metals in the red ash also have the potential to contaminate air and water.
✅ Will a buyer be able to get a mortgage to purchase a home with red ash?
Possibly, but they could face significant challenges in doing so because many home loan lenders will consider a property with red ash to be too risky of an investment, in the event that the provider needs to sell the home in the future should the buyer default on the loan. If the home is already showing damage from red ash it will make getting a mortgage much harder.
✅ Are there any reasons why a buyer would not want a house with red ash?
The structural damage that red ash can sometimes cause to a freehold or leasehold property is the primary reason why buyers might not want to purchase your home. Either they will see the existing damage at the house and consider it too widespread and expensive to fix, or at homes without visible harm they could worry that the red ash will cause problems in the future.
✅ Should I pay to remove red ash from my property before trying to sell it?
Before you attempt to sell your house with red ash, you could assess whether you want to remove the material first. This would require potentially many months and a lot of funds and the red ash would be replaced with material that meets current building standards. But you can still get a good offer for your home as is with red ash without having to take on this work.
✅ How much will I need to pay in commission when selling my home with red ash?
If you decide to sell your property using the services of an auctioneer or an estate agent then you will be required to pay them commission, which will be deducted from the final sale proceeds right away. But if you opt for selling your home without any third party assistance or you sell to a zero-commission like LDN Properties then you won’t have to pay any fees.
✅ Which option for selling a property with red ash is usually the fastest?
Selling any leasehold or freehold home to a quick property buyer is the most rapid approach, as it should take just a few short weeks – and that covers the time it takes to pay homeowners the sale proceeds and also exchange contracts. The other methods of selling, which are using an estate agent, an auctioneer or selling on your own, can all take many months.
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