Curious to know what to expect when you sell your house to cash property buyers? Genuine Property Buyers has helped many people sell their homes quickly and easily and below you’ll discover just one of our success stories.
You’ll get to see the entire process to get a good idea of how it all works. This includes the documents required and the communications process. It highlights the benefits of using our company and the kind of service you can expect.
Please note – the real name, address and house value have been disguised to protect the privacy of the client.
In this case study you’ll see how Genuine Property Buyers helped sell a Doncaster house in just 12 days. The property had been on and off the market for nine years and had experienced a 23% drop in value.
On June 12th 2015, a lovely lady from Los Angeles, contacted Genuine Property Buyers using our ‘Get an Instant Offer’ form. She enquired about selling her home in Doncaster, UK. The following information was collected:
Contact information: Name, telephone and e-mail address
Property address: House number, street and postcode.
Type of property: Detached
Number of bedrooms: 6
Number of reception rooms: 2
Number of bathrooms: 5
Garden: Front and back
Central heating: Yes
Double glazing: Yes
General condition: Excellent
Freehold or leasehold: Freehold
Year built: Unsure
Structure: Brick built
Ex-council or association: No
Estimated Value: £XXXXXX
How did you get this figure: Market value
Reason for sale: All the children have moved and it’s too much work for my grandparents
How soon to complete: Less than one month
Outstanding mortgage: £0
On the market for: £XXXXXX
How long on market: 6 months
Unique features: It would be wonderful to turn into a bed and breakfast
Work on property: Yes, everything has been redone. The house is in superb condition
Contact date: ASAP
Contact time: Anytime
After receiving this information, one of our negotiators contacted her:
“May I take this opportunity to thank you for completing our online property information form. This initial email acknowledges the receipt of your inquiry. I tried to call you but the number provided was unfortunately incorrect. I would like to arrange a convenient time to discuss the situation fully. Therefore, if you could please reply via email to make arrangements for a call back we can move forward with this inquiry. If you prefer we could also communicate via email only.”
The same day we received a reply:
“Forgive me, I live in LA and I’m trying to sell my grandparents’ home back in the UK. My grandad’s number is XXXXXX and his name is Barry, feel free to contact him.”
As you can see, after initially failing to get through on the number provided, we did receive correct contact information via email. For the fastest response to your inquiry, it is important to ensure you are providing a valid UK phone number. You can also choose on the contact form what time is best to contact you.
The next day, our negotiator contacted the lady’s grandad to request further details. We found out the house had been on and off the market since 2006. In that time, the value of the property decreased by 23%, approximately £95,000.
He gave us his desired price and sent over a copy of the property’s floor plan along with photos of inside and outside the home. These are typically the first documents we require from you. See a full list of documents required to sell your property quickly here.
After receiving this information, our negotiator realised the property had huge potential.
On the third day, we sent an offer to our client which was 15% below what he was asking for the house (15% below market value). He needed to speak to his wife and family before making a decision.
The reason we buy houses below their market value is because we do not charge the same fees as an estate agent. Also, the longer the property remains on the market, the more chance there is that it could actually lose some of its market value too. This is exactly what happened to the house here, losing 23% of its value after being on the market for nine years.
You can learn more about the benefits of selling your house without an estate agent here.
On the 18th June 2015, day six, they came back to us and accepted the offer. Our negotiator had seen huge potential in this property, with the opportunity for a buyer to turn it into a bed and breakfast or even flats/apartments.
Six days after accepting our offer, the property was sold on 24th June 2015.
The above case study is just one example of how quickly Genuine Property Buyers can sell your property. However, you probably still have a lot of questions. You can find a full list of answers to the commonly asked questions here.
There are many benefits that come from selling to cash buyers. Firstly, you’re guaranteed a much faster sale. When you sell through an estate agent it can take months, if not years to sell. As mentioned earlier, the longer your house is on the market, the more chance there is that it will go down in value.
You also could have certain circumstances forcing you to sell. Maybe you’ve been issued with a court order? Splitting with a partner can be stressful enough, but if you’re left facing a court order to sell your once shared home, it can be extremely worrying. You can find out more about court orders in our useful guide. Selling the property with us guarantees a clean break, preventing the need to actually go to court.
Or maybe your problems are more financial? If you’re struggling with large sums of debt, selling your property to cash buyers gives you the money you need quickly to pay off your debts.
Another benefit is the money you actually save. It can be off-putting when you see that cash buyers often offer lower than market value. However, you need to take into account that you are still getting more than you would if you were to go through estate agents. The fees that estate agents charge can be extremely high and by the time they have been taken off, you’re often left with a lot less than you expected.
These are just the main benefits of selling via Genuine Property Buyers.
We understand how stressful and devastating it can be when you’re in financial difficulty. If you’re in trouble, we can absolutely help. We’ll get you the best possible price and ensure the home is sold quickly so you can get your debts paid off. It doesn’t matter what your credit history or current financial situation, we’re here to help.
If you’re ready to sell your property quickly, fill out the form. Alternatively, you can call us on 0161 258 7486. Remember, when filling out the contact form, include a valid phone number (ideally a UK number) and correct email address so we can get back to you ASAP.