Selling a Peabody Home

Peabody homes are properties located primarily in London that have a long and unique history, some of which you are able to sell.

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Your top questions when selling a Peabody property

✅ What type of residential property is a Peabody home?

Peabody properties are those that were originally built by the Peabody Trust, which the American philanthropist and banker George Peabody launched in 1862 in London to help give more people homes. Since that time the housing association has gone on to build more than 100,000 homes in the city and home counties, helping to house more than 200,000 people.

✅ Why might a Peabody house by harder to sell than other homes?

As with any type of home, you may find that there are certain aspects about your Peabody property that make it harder to sell. If it’s a leasehold flat and there are very high service or ground rent charges then this will discourage some people, and the same is true if your home currently has a widespread problem that needs fixing such as structural damage.

✅ What are some reasons why a buyer may want a Peabody property?

One of the strongest explanations for why someone might want to make an offer to purchase your Peabody home is if it is located in a very desirable part of London or wherever else it is situated. Another reason why a prospective buyer might want to own your home is that they like the history associated with it and the Peabody Trust and this leads them to make an offer.

✅ What are the options available to find a buyer for a Peabody property?

There are four standard options to choose from when trying to sell your Peabody home and they are selling with an estate agent, selling to a quick home buyer such as LDN Properties, selling with a property auctioneer or selling without any assistance. There are clear pros and cons with each method in terms of how long they take, whether they charge commission and more.

✅ How expensive is the commission I'll pay to sell my Peabody home?

You might not have to pay any commission if you choose to either sell your house without any help or if you sell it to an honest no-fee quick buyer like LDN Properties. But you will need to pay commission if you instead decide to sell your home through an auctioneer or an estate agent. This fee will add to your total costs because it will be taken out of the sale proceeds.

✅ What is the average schedule for selling a Peabody property?

As is the case with all properties, it can take more than an entire year to find a buyer for your Peabody home if you opt for doing so on your own or using the services of an estate agent, and selling at an auction will likely take at least a few months. The most rapid way to sell is by contacting LDN Properties or another quick buyer because from start to end the entire timeline will be just a few short weeks.

✅ Can I trust a quick buyer with the sale of my Peabody home?

Yes, but only sell to a company that can prove it is registered with the independent entity called The Property Ombudsman (TPO). TPO writes rules to protect owners against fraud in the quick buying industry and all members, such as LDN Properties, must abide by those policies. Be careful selling your home to a company that can’t prove it is a TPO member as it may be a scam.

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