Would like a quick sale but don't need top dollar. How to do it ?

thelonelyhunter

Mary had a little lamb who wondered where to go. Someone saw her and got some mint sauce. What a shame.

getmore4less

Whats the ex thinking?

Would he want to buy you out and at waht price, try that first anything over £100k I would take it with him covering costs

If that does not work then you could try Offers over £1xx,000k(pick xx to attract buyers) and see if you get enough interest/offers to have a sealed bids

carefullycautious

Hi sorry to hear of your illness. I dont quite know how to word this without it sounding blunt so apologies if i am totally on the wrong track.

If your illness is life limiting you may have life cover insurance attached to your mortgage which will pay it off for you. Have you checked this? If your illness does come into this category and they do pay off the mortgage then you could sell lower to one of these companies/or a private buyer without it having too much impact.

just a thought and if I am totally wrong I do apologise.

I think it is critical illness cover correct me if im wrong

thelonelyhunter

I don't know what anything is. I am ignorant.

thelonelyhunter

Everything I say is open to change.

need_help_please_2

It may be worth checking whether your life assurance is simply that, or life assurance with critical illness. Lupus is often considered to be a critical illness.

carefullycautious

Just to come back to say I know of two people who were diagnosed with cancers who had their mortgages paid off in full who have not died but are alive and well many years later.

BOth these people did not realise that they could claim.

Anyway hope that you get the resolution you are seeking
Take care of yourself

SouthCoast

Have you had professional advice from the free debt charities?

Mortgage Rescue comes to mind:

To be able to get onto one of these schemes, you will need to show you are at risk of being made homeless in the near future because of repossession by your mortgage lender. You will also need to show that you need to stay in the same area where you live, and that:

• you, or someone in your household is pregnant or
• you have dependant children, or
• you're vulnerable. This could be, for example, because of old age, mental illness or a disability.

http://www.adviceguide.org.uk/index/your_money/money_management_index_ew/mortgage_problems_index_ew/how_to_sort_out_your_mortgage_problems_index_ew/mortgage_rescue_schemes.htm

princeofpounds

You have plenty of options besides quick sale companies.

Auction is a very valid alternative. You might consider putting it up for auction with a reserve price that represents the best quick-sale quote you could find. Auctions typically complete within a few weeks.

Depending on how genuinely quickly you want to move, I would probably consider putting it up for an obviously attractive price with an EA and invite bids. EAs should bite your hands off for a property priced to sell as it makes their job very easy, so you could probably negotiate hard on the fees.

thelonelyhunter

I might be a lonely hunter but now I am the hunted

getmore4less

thelonelyhunter wrote: »

There is no way he can afford to buy me out for that sort of money, but thats fine, i don't need to get it. I have no idea what he thinks as contact is only through solicitors (though i have suggested mediation, no response as yet) but I do know that i want to know if there are any penalties for either of us before i suggest it, as he will not bother to find out and will likely just refuse out of pique unless i can make it very attractive for him with no penalties. So far in the divorce i have had to do all the running and suggesting with him not even getting a solicitor for the first year of it. So i need to take the impetus. Hence my asking if there are any penalties tax wise or whatever if he buys me out in this way. Sorry, I really don't know about this bit. Thank you for suggesting he cover the costs, that is worth mentioning.

As for your second point - what is a "sealed bid" please ? Scratch that - I looked it up. How would it help me in this situation though ? Thanks.

Thanks.

If you settled for 100k then the ex would need to raise £80k mortgage to pay you your £20k is that too much?

By pricing to sell you hope to get a lot of interest and a few offers at or above the asking price quickly, the sealed bids can make the proces a single negotiation rather than going to each offer and telling them they need to up it which might take a while.

There may be a offer that is a clear winner if they can promise a quick sale eg an investor,

Is this a place likely to atract an investor?

Auction is another option but not sure how long that takes to set up.