What are the pros and cons of a Quick Sale with Property LifeSavers?
Property LifeSavers can provide you with a guaranteed sale suited to your timescales. You will also benefit from the fact that there are no estate agents, legal or Home Information Pack (HIP) fees to pay. Our purchase prices will be set at between 15-35% of the market value, depending on the condition of the property.
Will anybody know about the sale?
No. We are not Estate Agents so there are no boards in the garden, no advertisements in the local property paper or on the internet and there won’t be lots of people viewing the property. The only people who will know are the owners, the buyers and the legal representatives for each party
How long does a sale take?
Should the matter be urgent ( if you are facing repossession, for example), we have been able to exchange contracts in 48 hours using a specialist team of solicitors and can arrange for one of our legal experts to attend court with you. We will then arrange for the survey and any conveyancing to be started (which we will pay for). On average we aim to complete within 3-4 weeks. However, the process may take slightly longer due to increased checks on mortgage applications that our Local Reps are being put through.
Can you stop repossession proceedings?
Yes. We work very closely with solicitors, banks and debt management agencies to stop repossession proceedings.
Do I need a Solicitor?
Property Life Savers has its own panel of approved solicitors that your Local Representative will recommend using and will cover the cost of doing so. Should you wish to use your own solicitor, the Local Rep will cover the cost of up to £500.
Do you buy property in any condition?
We buy properties that are in need of extensive refurbishment (for example derelict homes which can be harder to sell through Estate Agents). However, we may need to ask a buildings professional to analyse the associated costs and the Local Rep will reserve the right to withdraw from the transaction in the unlikely event that there are severe structural issues with the property or if we have received incorrect or misleading information.
Where do we make our money?
We make our profit from selling the property on at a later date and also from the rent we receive from the property while tenanted.