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Selling to quick sale company
Comments
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Why on earth would they want to do that ? The executor is charged with getting the best possible price for the property which is not going to be via auction and definitely not by by selling to some rip off quick buy company. Get onto a couple of estate agents asap and dont worry about house being full.housebuyer143 said:
Why don't you just take it to auction? You will probably get more than the cash people and will get the money in 28 days.AMBERSHADOW said:His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..0 -
It sounds like the executor and the beneficiary are one and the same here, so if he really wants to throw away money by selling it cheaply, that's entirely up to him!sidneyvic said:
The executor is charged with getting the best possible price for the property which is not going to be via auction and definitely not by by selling to some rip off quick buy company.housebuyer143 said:
Why don't you just take it to auction? You will probably get more than the cash people and will get the money in 28 days.AMBERSHADOW said:His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..0 -
I don't think so, because if the executor sold it for less than the value of the charge on it, it could not be transferred.user1977 said:
It sounds like the executor and the beneficiary are one and the same here, so if he really wants to throw away money by selling it cheaply, that's entirely up to him!sidneyvic said:
The executor is charged with getting the best possible price for the property which is not going to be via auction and definitely not by by selling to some rip off quick buy company.housebuyer143 said:
Why don't you just take it to auction? You will probably get more than the cash people and will get the money in 28 days.AMBERSHADOW said:His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..
Surely the executor has a duty to maximise the assets and minimise the liabilities of the estate, regardless of whether they are the sole beneficiary?No free lunch, and no free laptop
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Who do you think they owe that duty to, if not the beneficiaries? And he's not going to sue himself...macman said:
Surely the executor has a duty to maximise the assets and minimise the liabilities of the estate, regardless of whether they are the sole beneficiary?user1977 said:
It sounds like the executor and the beneficiary are one and the same here, so if he really wants to throw away money by selling it cheaply, that's entirely up to him!sidneyvic said:
The executor is charged with getting the best possible price for the property which is not going to be via auction and definitely not by by selling to some rip off quick buy company.housebuyer143 said:
Why don't you just take it to auction? You will probably get more than the cash people and will get the money in 28 days.AMBERSHADOW said:His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..0 -
No don't go to a 'quick sale' company. If you just want a quick hassle free sale then go to auction - NOTE - a traditional auction house, NOT modern method of auction an agent might try to push you into.You can set a reserve price and you can also add other conditions, for example the buyer pays the auction fees, or the property is sold with all the contents.....0
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This is actually a very good option. Auction properties seem to be getting good prices right now.housebuyer143 said:
Why don't you just take it to auction? You will probably get more than the cash people and will get the money in 28 days.AMBERSHADOW said:His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..0 -
I sold my house at auction for £250k, spoke to two traditional estate agents before that and they had advised it would go for £220k-£230k so was happy I went down the auction route. I had also spoke to one of these instant cash buying companies and was only offered £180k so would’ve taken a huge hit if I’d have gone with them.3
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