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House buying companies
Ivrytwr3
Posts: 6,304 Forumite
Hey all,
Hoping for a bit of help here. My dad (70+ years) is moving into council accommodation; he has a property which he has finished paying the mortgage on which he will move out of and into the other accommodation.
His problem is, due to service charges on the other property, he cannot afford both properties and so needs to sell his.
His property has been on the market for a while now and is not selling and is draining his savings; he say's his only option is to sell to one of those "house buying companies" and take whatever he can get for it (he does not want to rent it out as he does not want the hassle.
Can anyone recommend a company that does buy properties or recommend another course of action?!
Thanks in advance.
Hoping for a bit of help here. My dad (70+ years) is moving into council accommodation; he has a property which he has finished paying the mortgage on which he will move out of and into the other accommodation.
His problem is, due to service charges on the other property, he cannot afford both properties and so needs to sell his.
His property has been on the market for a while now and is not selling and is draining his savings; he say's his only option is to sell to one of those "house buying companies" and take whatever he can get for it (he does not want to rent it out as he does not want the hassle.
Can anyone recommend a company that does buy properties or recommend another course of action?!
Thanks in advance.
0
Comments
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A house buying company is there to make a profit ( from you dad ) your better bet would be to reduce the price of the property and sell it to a private buyer, or even to sell via auction.
Speak to his estate agent and ask them for their advice as to what the property should be marketed at to achieve a quick sale.0 -
Rather than sell to one of these companies for 25% less than the current asking price why not reduce the asking price by 10% and accept offers 5% below that?
+ change EA.0
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