Selling Property Near Traffic Lights
Selling a house or flat near traffic lights can be tricky, but following some basic advice can help increase the odds of getting a quick and fair offer for your home.
Your top questions when selling a property near traffic lights
✅ Why might it be difficult to sell a home near traffic lights?
Some buyers may look less favourably on a house or flat located near traffic lights because they have concerns about the noise from vehicles waiting or the air pollution coming from those cars, buses and more. These concerns can be enough to cause some potential buyers to lose interest in buying your property, so you should be prepared for such a situation.
✅ Are there any good reasons to own a home by traffic lights?
Yes, sometimes a property that is located close to traffic lights will be located in a popular area where many buyers are competing to purchase houses or flats, for example a bustling city centre. If that’s the case with your property then some buyers might be willing to overlook the fact that you home is near traffic lights because the location is more important.
✅ Should I try to mitigate noise problems before selling my property?
You are not required to pay for installing any mitigation measures, such as double glazing or planting trees, before trying to sell your house or flat located near to traffic lights. And you can still get a fast and fair offer for the property as is by selling to a quick buyer. But if you want to pursue such work then it might result in some buyers viewing the home more favourably.
✅ What is the fastest way to sell my flat or house near traffic lights?
The quickest option is to get in touch with a fast buying company like LDN Properties, because their average timeline for completing the purchase of any type of home is just a few short weeks, and that covers the time it takes to exchange contracts and pay you the proceeds. By contrast, all other options for selling a home will typically take several months at least.
✅ How much will I have to pay in fees when selling my home near traffic lights?
It’s possible that you won’t have to pay any commission, depending on the method of selling that you choose. If you sell to a quick property buyer or without a third party’s help then you won’t have to pay any fees. But if you sell your house or flat using an estate agent or auctioneer then you’ll have to pay them fees that will be deducted from the eventual sale proceeds.
✅ Will I be required to pay Capital Gains Tax on the sale of my property?
It’s possible, and if you are required to pay this tax then it will typically be charged based on the amount of profit that you made on the sale compared to the original price that you paid to buy the house or flat. Make sure to consult with a professional tax advisor before making any decisions.
✅ What assurances do I have with selling my home to a quick property buyer?
Ask individual quick home buying companies if they are registered with a third-party entity called The Property Ombudsman (TPO), because this organisation writes regulations to shield owners against scams in the quick buying industry and all TPO members must follow those rules, which should give you extra peace of mind when selling your home near traffic lights.
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