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 paperwork involved. You will also find the majority of estate agents will not know how to value your freehold either. Even if they do know, they probably won’t have many clients on their database that are interested in buying a freeholda 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 you achieve. There are also considerable fees that you will need to pay the auction house. You will also need to consider additional fees such as surveyor’s costs and your solicitor’s fees. When you factor the cost of selling a freehold in an auction, plus the uncertainty of you actually being able to sell your freehold, you start to wonder if it is worth it.

Investors

An investor looking to purchase a freehold will take two main things into account:

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

Again, there are no guarantees by choosing to sell your freehold to an investor, especially in today’s financial market place and you still need to consider the costs associated with selling the freehold i.e. solicitors fees and surveyors. Most investors, if not all, will not commit (exchange contracts) on the purchase of your freehold until they have all the leases and have arranged their finances. You also run the risk of the investor offering you less money at the last minute, thereby forcing you into a corner.

There is another alternative!

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

We are a cash funded investment company who can 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. 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.