Selling an Unmodernised Property
Unmodernised houses may be harder to sell because they could have a number of issues including old electrics or no boiler, but there are still ways to find a buyer quickly.
Your top questions when selling an unmodernised property
✅ Which types of residential properties are categorised as unmodernised?
Your freehold or leasehold home might be considered unmodernised if it has not been updated in many years and has outdated features, such as an old or broken boiler, faulty old wiring, asbestos, an aged kitchen or bathroom and several other reasons – and many buyers find that this type of home is more difficult to sell than one which is deemed modernised.
✅ Why is an unmodernised home sometimes harder to sell?
There are a few justifications for why buyers might not be interested in an unmodernised home, starting with their concern about the expense they might face in upgrading the property if they were to buy it. Other buyers might worry that certain outdated features of the home, such as old wiring, could pose safety concerns if they were to buy the property in its current state.
✅ Should I invest in upgrades to my unmodernised home before selling it?
One way to resolve buyers’ concerns about purchasing an unmodernised home is to invest time, effort and money in upgrading the property to modern standards, for example installing a new boiler, bathroom or kitchen. The exact cost and time required for such work will depend on which parts of the property you would have to modernise before trying to sell it.
✅ Is it possible to sell an unmodernised home without upgrading it?
Yes, you can sell an unmodernised home as is in its current condition without making any upgrades or changes to it. One option is getting in touch with a quick buying company such as LDN Properties, as they are known for making competitive and swift offers to purchase almost any type of home, and the timeline for selling to these companies is just a few weeks.
✅ What is the speediest way to find a buyer for my unmodernised home?
You should contact a quick buying company like LDN Properties, as they should be able to complete the purchase of your unmodernised home in just a handful of weeks, and this includes the time it takes to exchange contracts and pay you the proceeds. Using an estate agent, selling via an auction or selling without any assistance can all take at least several months.
✅ How do I know I can trust a quick buyer with the sale of my unmodernised home?
Ask the company if it is registered with The Property Ombudsman (TPO), which is a third party entity that writes regulations to guard homeowners against falling for scams in the quick buying industry, and all TPO members must agree to follow those rules. If a company can prove it belongs to TPO, like LDN Properties, then this should give you confidence with the sale.
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