28 DAY FIXED PRICE SALE
BEST FOR PROBLEM SOLVING (85-90% Market Value paid, FAST ACCESS TO CASH)
Sellers are offered a *Fixed Option Price usually between 85-90% of market value of the property (determined by comparing the property to recent sales of similar property in the same area).
We then try to sell the property for a higher price through our auction and we keep anything we make over the reserve price. From the balance, we take our fee, pay £720 (inc VAT) towards your legal fees if you use our panel solicitors and we and pay the costs we incure to resolve issues with the property
This is our most popular option most suited to sellers who require a higher price than our 7-14 day cash purchase option but who still need a relatively quick and certain sale.
We can offer an interest free cash adavance to sellers with this option (subject to conditions and status) which must be repaid from the fixed price on completion.
We pay for EPC’s and pay our national network of agents to create professional video tours, floor plans and photographs for marketing and we pay to manage agents to carry out viewings for you.
This option particularly suits sellers who require expert help to resolve issues preventing a straightforward full market value sale at auction, such as:
- awkward tenants or tenant evictions
- commissioning structural or building repairs
- resolving title/lease issues
- dealing with legal disputes
We resolve issues so that properties sell for their best price. Depending on the value we add to the property and the cost to us, we may be able to come to profit share agreement if the sale price exceeds all our expectations however any value we add to the property as a result of our actions will be deducted from the calculations – i.e. if we pay £5K for work that increases the value by £10K, we would deduct the £5K added value from our calculations.
Regardless of the time, effort and money we invest in preparing a property for sale – if we cannot deliver what we agree in the contract, sellers walk away with nothing to pay – i.e. we provide a NO SALE, NO FEE offer.
Frequently Asked Sellers’ Questions
Not necessarily. We work out our Fixed Price offers by taking recent sales in the area and the property condition into account. If we increase the value of the property through our spending and project management, we would expect to benefit from the value we add by our involvement.
Also, our high completion rate is due, in part, to strict rules that prevent any party trying to renegotiate after a sale has been agreed. However, we welcome all negotiations before a contract is signed and we may be able to agree a cap on any difference and what happens to any sales money over the cap at that stage. Please ask.
Our buyers are chain free and pay deposits resulting in over 95% of agreed sales completing – and quickly! Our buyers also complete in an average timescale of 78 days and many buyers complete within just 56 days. This compares to much longer timescales of 200 days with a local estate agent where appx 40% of sales fall through!
- If you have 200 days to wait for a sale and are hoping for an unrealistic price and are prepared to accept an almost 40% risk of your sale falling through, then use a local estate agent because you don’t need us!
- However, if you are happy to sell for a realistic market price, and complete in just 78 days (or even quicker), with a 95% success rate of your sale completing then you simply can’t beat us!
Estate agents tell you they will sell your property for a price far higher than they will eventually achieve to win your business over their competition. They rely on you sticking with them as they reduce the price until the eventually get a sale. This strategy is completely uninspiring, and completions take 200 days on average when you could have achieved the same price with us within just 78 days!
Most people know deep-down the high price promised by the estate agent is unrealistic but are enticed to go with it – after all there is just a chance it will sell for that high price, right?
Wrong! Properties do not sell for unrealistic high prices and after no or few viewings over many months you become increasingly frustrated at not being able to sell and move on with your life.
You eventually reach the point where you must make a decision! Do I reduce the price? Do I change my estate agent? Or, do I call a ‘quick sale company’ because I am running out of time and I need a guaranteed quick-sale now?
The risk for you now is making the wrong decision and either remaining on the market for many more months or selling your property under-value because you cannot afford any more delays.
Worse still, you eventually get a sale only for it to fall through because the buyer:
- Cannot get a mortgage;
- Simply pulls out, or
- Tries to reduce the price just before completion!
Rather than accepting this dreadful status-quo and experiencing these avoidable frustrations, there is a better way! National Residential will achieve the best possible price for you and in the quick timescales you require through our unique pricing strategy and processes. Furthermore, all our buyers have the proven funds to buy and we put in measures to ensure they complete within **56 days. Buyers also pay non-refundable deposits which they risk of losing if they pull out or try to reduce the price.
National Residential therefore achieve Best Prices, Quickest Sales and Certain Completions – these are the main reasons why sellers opt for National Residential versus using a normal estate agent.
What happens if buyers pull out and sales fall through?
Although our buyers are chain-free, pay deposits and have proven funds, there remains the low risk that they pull out or cannot complete for some reason. If this happens, buyers will lose their deposit so long as the reason is not the responsibility of the seller (for example; there are no problems with title or structure of the property).
If buyers do withdraw and lose their deposit, we will agree to pay 50% of this deposit to sellers so long as they agree to sell with us again.
Are your prices guaranteed?
We are unable to guarantee sale prices when we sell though our auction but we are able to offer a guaranteed price when we agree to purchase for cash.*
28 Day Auction Sale – when we sell properties, we cannot guarantee the price they will sell for through our auction. Although we cannot guarantee sale prices, what we can guarantee is there are ZERO costs for sellers if we do not achieve the price they need and are unable to agree a sale with one of our buyers. We provide a no-sale-no-fee service so sellers have nothing to lose.
Quick Cash Sale in 7 – 14 days – once we have confirmed valuations with local agents and RICS surveyor, our cash offer is 100% guaranteed.
We use the UK’s leading conveyancing solicitors who are experienced in achieving extremely fast completions and providing the best customer service. You want a quick and guaranteed sale and the lowest costing legal fees, so why pay slow local solicitors high prices and receive a slow poor service because solicitors fail to perform?
In our experience when buyers or sellers use their own solicitors a high proportion of these sales drag on or fail to complete at all because their solicitors are either ill-experienced and/or under-motivated to prioritise completing in the quick timescales buyers and sellers require.
We are in the business of providing the highest possible service standards and achieving fast and certain completions for both our buyers and sellers. We only recommend the best solicitors in the UK because they have proven time and time again that they can complete sales quickly, and because they provide buyers and sellers with the best experience and service standards possible and at the lowest prices.
Our sales progression team provide the best service standards in our industry because we use super-efficient solicitors for both sides. This means both sellers and buyers benefit from a fast efficient service and avoid the costs, stress and delays of sales falling through.
In the unlikely event an agreed sale falls through, or if a buyer attempts to withdraw from an agreed sale, they forfeit their nonrefundable deposit, which is used to cover expenses incurred and the cost of remarketing. In this scenario, we ask all sellers to extend our contract by 8 weeks to find an alternative buyer.If the seller attempts to withdraw from an agreed sale, or if they are unable to agree to an 8 weeks extension following a buyer withdrawal, they are subject to costs, as outlined in our Terms and Conditions.