Two ways of selling a freehold

Selling a freehold is not an easy task and generally comes with a lot of stress and fees, not to mention all the paper work involved. You can’t just pop along to your local estate agent and ask them to sell your freehold either, because you will find that majority of them will not know how to value your freehold.

There are generally only two ways of selling a freehold.

• An auction
• An investor

Auction
 

Like most things that are placed in an auction, there are no guarantees that you will be able to sell your freehold and you have no control over the price that you achieve. There are also high fees that you will have to pay the auction house. There are also other fees to take into consideration such as surveyors’ fees and your solicitors’ fees. When you factor the cost of selling a freehold in an auction, plus the uncertainty of you being able to sell your freehold, you start to think is it actually worth it.

Investors

An investor looking to purchase a freehold will be looking at two things.

• The term remaining on the leases
• The yield that they will receive on their money.

There are no guarantees again by choosing to sell your freehold to an investor, especially in today’s financial market place. Again you are going to have fees associated in selling a freehold i.e. solicitors cost & surveyors. Most, if not all, investors will not commit (exchange contracts) on the purchase of your freehold until they have all the leases and have arranged finances. You also run the risk of the investor play the offer game, meaning that they will offer you less money at the last minute forcing you into a corner.

There is another alternative!
 

At Quick Purchase, we specialise in purchasing freeholds no matter where there located or the length of the leases.

We are a cash funded investment company who are able to make you a no obligation cash offer within hours. Upon accepting our offer we will arrange to meet you, generally within 48 hours, and we will legally exchange contracts with you there and then on the spot. This gives you the security of a guaranteed sale.

Selling a freehold doesn’t have to be a stressful or a costly experience. We can recommend a solicitor to you, if you wish, and we will pay their fees.

Also see

Sell freehold
Freehold sale - 5 easy steps

Contact us or apply online to speak to a member of our team, they can help you when you are looking into selling a freehold at no expense to you.