Selling Property at a Junction
If your house or flat is located near a busy junction it might be harder to sell, but there’s still a way that you can get a competitive and speedy offer.
Your top questions when selling property at a junction
✅ What does it mean to own a house or flat near a junction?
Junctions are busy interchanges of two roads or more than can be found across the UK, and they typically see heavy amounts of traffic throughout the day. If you have a property that is located just a few hundred feet or more from a junction and the noise and pollution can potentially affect the quality of life at your home, then it considered located nearby.
✅ Why might it be harder to sell a property located by a junction?
The noise pollution that comes from the many vehicles using a junction can have a significant negative impact on people living in homes nearby, especially if the traffic can be heard inside the property even with the windows and doors closed. Another reason why some buyers might be deterred is that the location by a junction might not be convenient for their daily routine.
✅ Are there any reasons buyers might prefer a home at a junction?
Yes, and the primary type of buyer that may be interested in purchasing this type of property, whether it’s freehold or leasehold, is someone that needs to use the nearby junction to get to work. For example, if the junction is also located close to an industrial estate where a potential buyer works, this might increase their desire to make an offer on your flat or house.
✅ What's the rate of Capital Gains Tax I'll pay when selling my property?
You might not be required to pay any Capital Gains Tax when selling your house or flat, so you should consult with a financial expert about this outcome. If you are required to pay this tax then it will be charged on the amount of profit that you make from the sale of your property near a junction, and it will not be assessed based on the hopefully larger sale price you get for it.
✅ Which options for selling my home near a junction will charge commission?
If you decide to sell through an auctioneer or estate agent then you will have to pay them commission usual based on the final sale price of your home. However, you won’t have to pay any fees if you either sell to a quick home buyer or you opt to sell without any help.
✅ What are the fastest and slowest ways to sell my property by a junction?
Selling your home to a quick buyer like LDN Properties is often the swiftest method, because this process should only take a handful of weeks, and that includes the time it takes to exchange contracts and pay you the proceeds. If you choose to sell on your own or sell via an auctioneer or estate agent then you should be prepared to have to wait many months.
✅ How do I know that I can trust a quick buyer when selling my home at a junction?
You can ask individual companies whether they belong to The Property Ombudsman (TPO), which is a third party organisation that writes rules to guard owners against fraud in the fast buying sector. All legitimate TPO members, like LDN Properties, must follow those rules, so if a company belongs to the organisation then this should give you extra reassurance.
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