Selling House now for Future Value?

Hello guys,

Apologies for going on and on about this matter - I have decided not to accept the offer anyhow but I just thought I'd share the last offer email sent to me last week just in case anyone knows anyone else who has been approached on similar offer:-

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Hi Stanley,

We hope you are well!

May we firstly thank you for taking the time to speak to us and giving the information that will allow us to come to a solution that gives you what you want.

Just to clarify, we are not an Estate Agent or an Investor who does things the traditional way; we like to create a win-win for everyone wherever possible!

The advantage of working with us is that you don’t have to pay any agent fees, which saves you thousands straight away that you can put towards buying your new home.As we are sure you know, selling homes under the current housing market conditions is proving near impossible. With the uncertain economy, we know how you must feel trying to sell your house at a time when the majority of buyers are being refused mortgages by banks.

We understand in all circumstances; you are trying to achieve the best price for your house. Although we cannot compete with the ‘retail’ buyer, we are forward thinking and can offer a large variety of solutions towards the sale of your house.

We have therefore come up with an alternative, after taking into consideration your circumstances and expectations. We are pleased to make you the following offer: -

‪Delayed Purchase Agreement‬‬‬‬
‬We can buy your house for the total redemption amount of outstanding mortgage and secured loan (£70,920) Plus (£8000) upfront subject to lender(s) confirmation.

The completion will be at the end of 5 years at which point we will clear out the remaining outstanding mortgage and loan. As there is already a mortgage on the property, instead of going to the bank to get another one, we can leave this in place, put some paperwork together with one of our specialist panel solicitors to cover you and me.

Once the paperwork is done, we will step in your shoes and from there on you should consider the property sold. We look after the property as if it was our own and manage everything for you.

You will have the peace of mind knowing that you no longer have to deal with anything relating to the property. We will take care of all the repairs, insurance, voids, certificates etc. and any other expenses for the entire outstanding mortgage term.

With this offer, mortgage and deeds remain in your name until we have paid every penny owing on your mortgage & loan. At this point we will transfer the deeds to our name.

I hope you agree with us that this is a complete One Stop Solution with a seamless process!

We sincerely hope that the above solution will be of interest to you as you can see we are very flexible and will work with you to create a happy medium…. WIN-WIN!

If you have any questions and/or need some clarity on anything then please ask.

You can contact me directly on 07450 xxxxxx or reply by return.

Luca

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Thanks guys

Stan