Sell House Fast
Bow Common, London

The stages of selling your house or flat in Bow Common quickly to LDN Properties

LDN Properties can give you a no-stress, straightforward and zero-hassle way to receive a competitive and swift offer for selling your house or flat in London. We can buy freehold or leasehold homes in Bow Common, an area located east of the city centre within the Tower Hamlets borough that was originally known as Furseyheath during the Middle Ages.

We have the financial resources available to immediately offer cash for buying your property, so there’s no waiting several months to first get approval for a mortgage. This means the process of your home will move much swifter, and our experts are usually able to finalise the purchase of a flat or house in just a handful of weeks. That’s generally a much faster timeline than selling your home through an auction or estate agent, which can take at least a couple of months or possibly even longer.

And you have our guarantee that you will never have to pay us any fees when we purchase your house or flat, because we’ve always believed since launching LDN Properties in 2003 that owners should get to receive all of the proceeds from selling their homes. That compares very favourably to auctioneers and estate agents, who will both make you pay fees that will be deducted from your sale proceeds, which naturally lowers the net profit that you can make.

To sell your property to us, begin by calling our friendly experts and within the first hour of talking we are usually able to make a tentative price offer for buying your home. You’ll have at least seven days to think about it, so there’s no need to rush to an immediate decision.

The next step, if you accept the initial offer, is for us to send one of our representatives to your property in order to inspect the inside and outside ahead of us making a final offer. This is also an ideal time for you to ask our team member any questions you might still have about selling. And it’s the only visit you’ll get, unlike having to endure multiple viewings from prospective buyers when trying to sell through other approaches such as via an estate agent.

If you accept our final offer, we then move rapidly to work with your solicitor to complete all of the required paperwork for buying your home. Our aim is that just a few weeks after you first contact us, we will be able to pay you the property sale proceeds and exchange contracts.

Top questions and answers to ask an auctioneer when selling a home in Bow Common

One method of selling your Bow Common house or flat is to try an auction, where people will place price bids for your property. The aim is to have several buyers interested in your home, so that they try to outbid each other with ever-escalating prices and you make a decent profit on the sale. However, it’s important to know that some properties sold at auction do not receive any bids, meaning they do not sell, and you’ll have to start over with trying to find a buyer.

Or you may only get a bid at the reserve price — this is the lowest value at which you will accept selling your home. You must choose a value that will still produce a profit from the sale, even after you subtract whatever commission the auctioneer plans on charging you.

Note that selling via an auctioneer can take at least a couple of months, as there will be a waiting period between listing your flat or house for sale and the auction taking place. Further delays can happen after a successful sale whilst the buyer completes their required steps.

If you’re thinking about using an auctioneer to sell your property, consider calling specific companies and asking them some questions that might help with your eventual decision. We’ve provided some queries along with how to interpret the answers that you might receive.

How much commission will I have to pay you for selling my house or flat?

Generally, property auctioneers will charge you commission based as a percentage of your home’s sale price, but some companies may charge more or less than this. If your home sells, it’s also worth asking whether an auctioneer will let you pass the obligation for paying certain fees on to the winning high bidder, as this might be possible with some companies.

What deadline will a buyer have to complete the purchase of my property?

Most auction houses give the winning high bidder 28 days from the date of the auction to complete all of their mandatory steps for finalising the purchase of your property. You can sue to enforce the sale, because a winning bid is a legally binding agreement to buy a property. Some auctioneers will set a deadline of less than 28 days, others might give buyers more time.

Have you successfully sold my type of property through an auction before?

Auctioneers should be willing to share the details of their past sales with you, so asking this question is a great way to find out if they’ve managed to sell your exact type of home in the past. If a company tells you that they have had zero experience or success with selling your type of flat or house, it’s likelier that the auctioneer will struggle to sell your home.

Property resources to consider

• See the benefits of choosing LDN Properties as your home buyer

Other locations near Bow Common where we operate

Alameda Place Bow Bromley Canary Wharf Coalmakers Wharf Festubert Place Frank Whipple Estate Hitchin Square Limehouse Mile End Poplar Ratcliff South Bromley Stepney

Bow Common postcode areas covered by us

E1 E14 E1W E3