Selling Property Near the Coast

There are some simple steps to learn that may increase your prospects of selling your property on the coast fast.

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Your top questions when selling a property near the coast

✅ Are coastal properties considered freehold or leasehold?

A home on the coast means one just feet from the sea, and some of these might be freehold properties, where you outright own the home as well as the land on which it was built. Or the house could be leasehold, and in this situation you would own the property for a set number of years in exchanging for paying an annual ground rent to the home’s freeholder.

✅ What benefits might buyers see with owning my coastal home?

One of the main features of your home on the coast that could be enticing for buyers is the view of the sea and being surrounded by the natural landscape. The fact that coastal homes are in quieter, more remote locations can also be attractive to buyers. And other buyers might think that the home has strong potential for being resold at a higher price in the future.

✅ Are there negative issues associated with houses on the coast?

Yes, and it’s important to understand these issues because they could be enough for some buyers to lose interest in your home. One major concern is coastal erosion, which is an ongoing natural problem and can cut many feet off the distance between your home and the sea. If this distance becomes too short then there’s the risk of your home falling into the sea.

✅ Should I fix any problems with my coastal home before selling it?

If your property has structural damage or some other issue that a buyer may see as a problem that leads them to reduce their offer, you could consider spending time and money on fixing the issue in order to avoid this situation. But if you’re unable to do so and need to sell your home as is in its current condition, you can still get a fair offer by selling to quick property buyer.

✅ How much Capital Gains Tax will I pay on the sale of my home near the coast?

You might not have to pay any Capital Gains Tax if you either make a loss on the sale compared to the original price you paid for the property, or break even by selling at close to the price you paid for it. Speak with a tax professional before making any decisions.

✅ Will I have to pay commission when selling my coastline home?

Possibly, if you decide to sell via an estate agent or property auction, because they charge commission for their work that will be deducted immediately from your sale proceeds, which will add to your costs. However, if you sell your property without any assistance or you sell it to a legitimate no-fee quick buyer like LDN Properties, you won’t have to pay any commission.

✅ What is the swiftest option to find a buyer for my house by the coast?

Your best option is typically getting in touch with a quick property buyer because these companies are usually able to complete the entire process of purchasing a home within just a handful of weeks, and that includes exchanging contracts and paying sellers the proceeds. Using an estate agent or property auction or selling on your own can all take many months.

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