Selling Property Without Kitchen or Bathroom
If your house or flat doesn’t have a kitchen or a bathroom then it might be much harder to sell your property.
Your top questions when selling property without a kitchen or bathroom
✅ Why do some properties not have a kitchen or bathroom?
There are a few reasons why a home might not have a bathroom or kitchen and be considered uninhabitable. One explanation is that it’s a new property being constructed but the builder needs to sell the home before being able to construct the necessary rooms. Another reason can be if the kitchen or bathroom was destroyed due to a storm and needs to be rebuilt.
✅ How does the lack of a bathroom or kitchen make it harder to sell a home?
One main reason why buyers will be wary of making an offer on a home that doesn’t have a kitchen or bathroom is the stigma and difficulty of living in such a property, because it will result in a very poor quality of life for them as the next owner. Another reason is that the buyer might not be able to afford the cost of building a kitchen or bathroom if they purchased the home.
✅ Could a buyer obtain a mortgage for a home without a kitchen or bathroom?
It can be unlikely, because a house or flat that lacks a bathroom or kitchen will typically be deemed as uninhabitable, and mortgage lenders rarely approve loans for buying such properties. That’s because the lender will be worried that it will be impossible to sell the property if they end up repossessing it because the borrower has defaulted on the mortgage.
✅ What are the options for selling a home that lacks a bathroom or kitchen?
Generally you will have to choose between selling your home through an auction, using the services of an estate agent, selling without any assistance, or selling to a quick home buying company like LDN Properties. There are pros and cons associated with each of these options, depending on your particular goals, such as how quickly you would like to sell your home.
✅ Which of the methods for selling my property is considered the fastest?
Selling to a quick home buyer should only take a few short weeks, and this includes all the important steps such as exchanging contracts and paying you the proceeds. That’s much swifter than the average timeline for selling on your own, via an auction or using an estate agent, because these options can all take at least several months to complete.
✅ What fees will I need to pay when selling my property without a kitchen or bathroom?
If you sell your home without any third party assistance then you won’t pay any fees, and the same is true if you sell to a genuine no-fee quick buyer like LDN Properties. You will need to pay commission if you sell your home through an estate agent or auctioneer, and they will deduct their fees from the eventual sale proceeds, which will add to your expenses.
✅ How can I know whether a quick home buyer is a legitimate company?
Ask individual companies if they are registered with The Property Ombudsman (TPO), which is an independent organisation that writes regulations, which all member companies must follow, that shield homeowners from fraud in the quick buying sector. If a company cannot prove to you that they belong to TPO then you should be careful if selling to them.
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