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Selling property articles

Setting A House Price

The single most important thing to get right to sell your house fast is the asking price. Almost every property will attract attention from buyers if the price is right so if you aren’t even getting many viewings, it could be a sign that buyers think your asking price is too high for the size and type of property compared to others in your area.

 

Finding the Right Asking Price to Sell Your Property

The ideal asking price is the highest price buyers are willing to pay within your desired timeframe. Overpricing leads to delays, while underpricing may cause regret.

We look at how to price your property to get the best price in the fastest time.

What Happens If You Price It Wrong?

❌ Too Low – Quick sale, but you risk selling for much less than market value.
❌ Too High – Fewer viewings, longer time on the market, and price reductions.

house price set too high to sell

Example of a property being left unsold on the market for almost a year due to overly optmisitic expectations. Urgency may be not be a factor if the property is owner occupied but properties can be very expensive to run if empty or without rental income.

Continue reading Setting A House Price →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Landlords We Can Help You Streamline Your Portfolio

landlords tax forcing landlords to sell up

Landlords face many problems, most relate to property and/or tenants however ongoing economic and legislative changes have added a lot more things for landlords to worry about. Shrinking returns, increased costs, more rules, more penalties and the prospect of fewer options to end tenancies have resulted in more and more landlords selling some or all of their rental properties.

Over the next 12 months 41% of landlords said they plan to sell at least some rental properties, compared to just six per cent saying they would buy

Why are landlords selling up?

  • Tax hikes: The UK government’s planned tax hikes are putting pressure on the buy-to-let market. 
  • Rising costs: Rising costs, taxes, and legislation are making it more attractive for landlords to sell. 
  • Mortgage rates: Mortgage rates have spiked and are expected to remain high for longer. 
  • Incentive repeal: The repeal of several incentives has put pressure on the buy-to-let market. 

How National Residential Can Help Landlords Sell Property With Minimum Disruption To Rental Income…

Our business is providing our clients with a FAST, SECURED WAY TO SELL PROPERTY AND COMPLETE THE SALE. Typically, the whole process from start to finish takes between 7 – 87 DAYS… i.e. less than 13 weeks.

What’s more, we also specialise in tenant negotiations and selling tenanted property with vacant possession delivered in time for completion to minimise the period a property is not producing rental income to offset running/purchase costs.

 

Continue reading Landlords We Can Help You Streamline Your Portfolio →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Property Auctions

Are All Property Auctions The Same?

ABSOLUTELY NOT – also, worthy of note: not all bidders are the same either – our auctions recognise that.

 
The method we use to sell property is often referred to as a ‘Modern‘ Property Auction’ (also known as conditional auctions). It is different to many other types of auction (offline and online) because of what happens when the bidding ends. In a Modern Property Auction when bidding ends the winning bidder pays a non refundable deposit to secure the property but the crucial difference is the winning bidders are given time to secure lending.

Because our auctions are open to private buyers with mortgage funding (not just cash buyers who are often developers looking to buy a property at rock bottom prices so they can make a profit when reselling), our properties typically sell for 10 – 15% more than similar properties sold at auction houses.

Our fees are lower too, (see next section)!

Similar to the ‘sealed bids’ process, in our auctions a winning bid is the BEST offer the seller chooses to accept which is usually but not always the highest bid. Like traditional auctions, all bids are legally binding and the bidding process is transparent so all bidders are kept informed of other bids throughout the process.

Continue reading Property Auctions →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Stop An Agreed Property Sale Collapsing

The problem: Broken House Chains

With over 17 years of specialising in selling property quickly, we do of course know the pitfalls that can derail any house sale – i.e. issues that cause chains to break resulting in everyone involved wasting time and money.

We also know that in 2024 the average percentage of agreed sales that fall through is currently stands at almost 30% 

 

Of course, any experienced estate agent also knows this but unlike most, we at National Residential do not accept that it is an ‘acceptable risk’  and/or unavoidable.

That is why we have tailored our sales process to minimise risk and maximise success. Our stats speak for them selves – due to our rigorous buyer approval procedures 95% of our agreed sales complete.

Continue reading Stop An Agreed Property Sale Collapsing →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Selling Tenanted Property

 

selling tenanted property

As documented in Different Ways to Sell Buy-To-Let Property,  there are A LOT of decisions to be made and a lot of laws to be considered when landlords decide they want or need to sell their rental property and a lot of it depends on factors that are usually unknown at the start of the process – such as, whether the buyer you haven’t met yet is looking for a private residence or a rental property and whether they would prefer a sale with sitting tenants or vacant possession.

If landlords selling tenanted property choose to leave tenants in situ during the sale it could cause problems showing the property but if they vacate the property too soon, it could cost them thousands in lost rent.

The best option, of course, is to leave sitting tenants in situ as long as possible but not so long that it causes problems. Timing, speed and legal advice are all crucial to getting the best results for landlords selling tenanted property.

National Residential specialise in selling tenanted (& sub-tenanted) property, often with additional complications like short leaseholds or absentee freeholders.

Continue reading Selling Tenanted Property →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.

Endowment Mortgage Shortfall

Endowment Mortgage Shortfall: Contact National Residential for Help

Since the 1980s and 1990s, thousands of endowment policies have failed to mature as expected, leaving homeowners struggling to make final mortgage repayments due to significant shortfalls.

If you’re facing an endowment mortgage shortfall and don’t have savings or other means to cover it, extending the term of your mortgage may be an option if you have a regular income. However, if this isn’t feasible, you may be forced to sell your property to release its equity.

Downsizing to Repay an Endowment Mortgage Shortfall
If the value of your property has increased significantly, you might be able to downsize—selling your current home, repaying the shortfall, and buying a smaller property outright.
Continue reading Endowment Mortgage Shortfall →

Phone us now on 0800 6123694 or 01244 341066 any time 24/7, or use our callback form and we will phone you back to discuss your needs and our solutions.
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