7 tips for selling a house or flat “As Is”

With property in the UK being in all states of repair, you may be looking to sell your house or flat “As Is”

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Your top questions when selling a property As Is

✅ What does it mean to try selling a property As Is?

As is – means that you plan on selling your freehold or leasehold house, flat or other property in its current condition without making any changes, such as fixing a structural problem like dry rot, or investing in any renovations or other improvements. There are many financial and personal reasons why a homeowner might want to sell this way.

✅ Is it legal to attempt finding a buyer for an As Is home?

Yes. You are no under no legal obligation to repair a structural flaw that your home has before trying to seek a buyer for it. However, you are required by law to disclose that problem and any other negative issues that your property might have. If you do not reveal issues to buyers and they find out about them once owning the house or flat, they can sue you for penalties.

✅ Will it always be difficult to find a buyer for my property As Is?

No. As this guide makes clear, there are a number of steps that you can consider taking that might increase your prospects of selling your home in its current state. These include tidying up the interior and exterior of the flat or house, and contacting a quick home buyer like LDN Properties that will be make a fast and fair offer despite the property’s current condition.

✅ What are some reasons that buyers might want an As Is home?

There are a few explanations for why some buyers might consider As Is homes that have structural or other problems to be a good purchase. One reason is that the asking price for these properties tends to be lower than houses or flats that are in excellent condition, and therefore some buyers may accept the flaw in exchange for paying less for the home.

✅ How much will I have to pay in fees when selling my property As Is?

If you use an estate agent to sell your home, you can expect to pay them commission based as a percentage of the value of the property. If you sell the home on your own, or sell to a fast property buyer, then you will not have to pay any fees.

✅ How quickly can I expect to find a buyer when selling my As Is home?

It depends on which approach you’d like to use for selling, because when you sell on your own or try to find a buyer through an estate agent, it might take more than an entire year before you receive a serious offers, whilst auctions take at least a few months to complete every step. Selling to a fast buyer is the speediest choice as it typically takes only a few short weeks.

✅ How do I know that selling to a quick property buyer is a safe option?

Because trustworthy fast home buyers, such as LDN Properties, belong to a third party organisation called The Property Ombudsman, which requires members to follow a set of rules it has published to protect against fraud in the speedy buying industry. Ask fast buyers if they belong to this organisation, and be cautious of selling your home to those that are not members.

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