Selling Property Near a Motorway
If your house or flat is located close to a motorway, you could find that there are some additional challenges involved with selling it for a fast and fair offer.
Your top questions when selling property near a motorway
✅ Is my property located by a motorway freehold or leasehold?
You are the owner of a freehold house, flat or other residential property close to a motorway if you are the outright legal owner of not only the building but also the land on which it was constructed. You are the owner of a leasehold home if you own the property for a set number of years specified in a lease agreement, and pay the freehold a yearly ground rent.
✅ Why can it be difficult to sell a house or flat situated near a motorway?
You may find that many buyers are wary about purchasing a property close to a motorway because of concerns about the noise that they might hear throughout the day from the traffic using the motorway. Other buyers could worry that their health could be negatively impacted from vehicle emissions, and this may cause them to lose interest in your home.
✅ Are there any reasons why a buyer might want a home by a motorway?
Yes, the proximity to the motorway could be a huge draw for those buyers who will need to use the motorway for their commute. There are other buyers who won’t mind the potential noise from the motorway, for example if they have lived on a busy city centre street before. And other buyers could see a house or flat near a motorway as a better value for money purchase.
✅ How fast will I be able to sell my flat or house near a motorway?
It depends on which strategy you use for seeking a buyer, because selling through an estate agent, a property auction or without any assistance can all take at least several months, if not longer. But if you contact a quick home buying company such as LDN Properties, they could buy your home and complete the entire process within just a few short weeks.
✅ What should I do to get my property by a motorway ready for sale?
Your aim should be to make the house or flat look as presentable as possible to any potential buyers that might tour it on a viewing, because a home that appears to be kept in great condition will seem more valuable to them. Inside the house this means cleaning it and removing clutter from rooms, and outside you should fix issues such as missing roof tiles.
✅ Can I sell a home with a structural flaw as is or should I fix it before selling?
Yes, you can still get a quick and fair offer for a so-called problem property with a structural flaw like subsidence or damp if you contact a quick home buying company, such as LDN Properties. These companies are well known for making competitive offers to purchase a broad range of homes, including those with structural issues sold as is without the problem being fixed.
✅ How much commission will I need to pay when selling my property near a motorway?
You might not have to pay any fees, if you decide to sell your house or flat to a zero-commission quick home buying company like LDN Properties, or if you opt to sell without any third party help. But you will have to pay commission that will be deducted from the eventual sale proceeds should you choose to sell through an auctioneer or using an estate agent.
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