Selling an Unsellable Property
Houses and flats can be deemed unsellable for structural flaws, bad locations or other problems, but you can still sell an unsellable property.
Your top questions when selling an unsellable property
✅ What does it mean to have an unsellable property?
An unsellable freehold or leasehold property is any flat, house or other residential building that is failing to attract any interest from buyers for issues related to its structural integrity, location or other factors. The term can also refer to a property for which mortgage providers refuse to issue loans needed by prospective buyers, primarily because of one of the problems with the home.
✅ How can the structural integrity of my home affect the sale?
Structural problems with a property can be minor or major but could all make it harder to sell a home, including issues like damp, dry rot, subsidence and more – and even the type of construction material used to build the home. Depending on the scale of the problem, it may be a dealbreaker for some buyers or for mortgage lenders who refuse to issue buyers a loan.
✅ Why does location make some properties become unsellable?
Location has always been an important factor when trying to sell a home, because people want to live in areas that are seen as favourable. Some examples of undesirable locations that might make a flat or house unsellable include next to rail lines or railway stations, adjacent to industrial estates, underneath noisy airport flight paths, close by to power lines and other examples.
✅ Can homes be unsellable for issues beyond location or structural damage?
Yes, there are factors that are not directly related to the location of structural integrity of a house or flat that can complicate the sale of that property. One common example is if you have problematic neighbours and that dispute is harming your quality of life, because this is an issue you are required to tell potential buyers about and that could make your property unsellable.
✅ Do I need to repair any flaws with my home to make it sellable?
If a structural fault with your home is the reason why it is currently unsellable, spending money and time on fixing that issue can solve the problem and eliminate buyers’ concerns about the property. However, not everyone can afford to do this kind of work before selling, in which case you should consider contacting a quick buyer with experience of buying homes like yours.
✅ What is the fastest method to find a buyer for an unsellable flat or house?
Usually, selling to a quick home buyer like LDN Properties is the swiftest method for selling a problem property, because these companies can complete the entire process – including paying you the proceeds and exchanging contracts – in just a few short weeks. Selling via an estate agent, an auctioneer or without any help can all take many months at a minimum.
✅ Will I have to pay commission to secure a buyer for my unsellable property?
Not if you sell your home without any assistance, or you sell to a genuine zero-commission quick home buyer like LDN Properties. But if you decide to try and sell your property with an estate agent or auctioneer then you’ll have to pay them fees that will increase your selling expenses, because the commission will be subtracted from the final sale proceeds.
We’re rated as Excellent
Reviews.co.uk provide independent reviews from other people just like you!
"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward." – Thomas from London
Company No. 04636129. ICO No. Z7733416. Ombudsman No. D12463.
Copyright 2003 to 2023