If you’re a landlord, and you haven’t yet heard of us here at National Residential, there’s a good chance you’ll want to. Established in 2006, we pride ourselves with our “any problem we can fix” formula, led by myself, founder and industry expert, David Coughlin.
Helping Landlords Sell
Being a private landlord myself, with 100 properties in my portfolio, I first-hand understand the issues and challenges facing landlords today. It’s about overcoming solutions fast, but also in a way that means both the landlord and the tenant are happy. With National Residential, we’ve found the sweet spot when it comes to helping landlords sell, so we’ve become experts in taking away the stress. We know how to solve every barrier that landlords come up against, even for example when they can’t gain access to their own properties.
How do I get the best price for my buy-to-let?
This is where I and my team at National Residential go above and beyond to get you the highest price for your buy-to-let, no matter what challenges you need to overcome. Be that negotiating with your tenants, sorting out repairs, and even helping tenants relocate, we have the best team to do it all and have the track record to prove it.
The result? We deliver you the best price possible, fast, no problems.
Continue reading National Residential solve any problem to sell buy-to-lets for the best possible 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.
Continue reading Setting A House Price
National Residential have been at the forefront in setting standards for selling property quickly and fairly since we began in 2007. We were a select group of industry representatives selected to define a Code of Practice For Quick House Sales Companies to The Property Ombudsman (TPO) and in 2013 we helped set up the National Association of Property Buyers (NAPB) to inform the public of companies that agree to the principles and abide by the practices listed in the code.
At the heart of the code is transparency – see Code of Practice for Residential Property Buying Companies
We believe that selling property using our ‘Modern Auctions’ method adds convenience and transparency to our property sales:
- by accepting a combination of online and telephone bids ensures no-one is prevented from making an offer due to other commitments, inexperience of internet bidding or financial arrangements that prevent us ring fencing funds for the holding deposit until the auction ends.
- all offers (including telephone bids) are added to the auction and our consultants keep all participating parties informed.
Although the process that follows online bidding to secure a purchasers agreement usually takes just 24 hours to conclude it can sometimes take longer and the bidding process is only formally ended once we are sure we have the highest bid, the seller has accepted this bid, and the winning buyer has paid their deposit and has passed the financial qualification process with our sales team.
To complement our existing sales options by providing sellers a faster qualification period and more certainty to the highest bidder at the end of an auction, we are pleased to introduce ‘Registered Auctions’ which will run alongside our existing auctions.
The platform is provided by the ‘Essential Information Group’ (EIG), a secure, independent online auction service provider since 1991.
Continue reading Introducing ‘Registered Auctions’.
How Long Does it Take To Sell London Property?
On average, London property takes longer to sell than any other area of the UK.
According to RightMove’s October House Price Index, top London property takes an average of 86 days to sell and the average for all London property types is 65 days.
National Residential sell all types of London property from 1 bedroom flats to 5 bedroom semi-detached housing. Our top property (with a sale price of £780,000) took only 29 days to sell – that is over 50 days below the average for the same type of property.
During the year Nov 2016 to Oct 2017, the average selling time National Residential took to sell all types of London property was just 26 days compared to the average time other estate agents take of 61 days.
Continue reading London Property Market
We sell property in our 28 day auctions for 100% of their market value – but what is ‘market value’?
Market value is the top price that buyers from a mix of the private and investment sectors will pay for a property. It isn’t always the price sellers think their property is worth and it isn’t anything we can control – quite simply, it is what people want to pay.
There is, of course, more than one way to find the market value – one way is to start high and end low, reducing the price every 3 months or so until eventually it is what someone is willing to pay. On the plus side, sellers can dream big but the negative side of being ‘ambitious’ is potentially long and costly delay in selling your property.
The time it takes to sell a property fluctuates with season, the market, the asking price and regional influences but most people are aware of property that has been on the market for months and months and months…
Some estate agents recommend asking prices that, at best can be described as ‘ambitious’ (and at worst misleading) purely to secure representation.
Continue reading Performance Report for July, Aug, Sept & Oct
Waiting to sell your house is undoubtedly one of the most traumatic experiences you can have. Thousands of Homeowners and Landlords throughout the UK have taken the option to sell their house through National Residential rather than wait for possibly months with their local estate agent.
“Success has been built on providing the very best service for people selling their properties. We not only ensure the vendor gets the very best deal possible but we also ensure that all of our business practices are completely transparent. When you concentrate on being a loyal, friendly and courteous service, it’s natural for more people to come to us for help.”
David Coughlin, Managing Director of National Residential
Continue reading David Coughlin, Managing Director of National Residential shares the secrets of his success.
The National Association of Property Buyers (NAPB) was founded in 2013 in response to to the growth in popularity of Quick House Sales companies.
Quick house sales companies differ from estate agencies because they enable members of the public to sell their properties fast by buying them directly or brokering a deal with a property developer – i.e. without promoting them to the public or having to wait for someone to make an offer. Quick house sales companies that buy property directly must have significant funds available to make an instant purchase.
Continue reading National Association of Property Buyers (NAPB)
The Office Of Fair Trading reported “Quick house sales can be beneficial to home sellers who want a quick, guaranteed and hassle-free sale. Our study has shown this to be a dynamic and innovative sector where some businesses have modified their business models to try to offer a better service to home sellers.“
The Office Of Fair Trading, Quick House Sales Market Study, 2013, http://webarchive.nationalarchives.gov.uk/20140402173245/http://oft.gov.uk/shared_oft/market-studies/oft1499.pdf
Continue reading Quick House Sales – Good Practice Regulations
Anyone trying to sell a leasehold property will know about the drastic affect a short term left on the leasehold will have on its value and the time it will take to sell (even at a very reduced price).
National Residential Can Solve Most Property Sales Problems
If only they also knew what National Residential can do to sell a short term leasehold property for a better price and a fast sale…. If you’re wondering, you could read this article ‘Is a Short Leasehold Stopping You From Selling Your London House?‘ or you could just take a look at a recent example then phone us on 01244 757152 to find out how we did it.
London flat purchased in just 3 days!
Instruction on Friday and completed the next Tuesday!
In June 2017, National Residential purchased a property with a short leasehold in London in just 3 days. The flat’s owner had the combined problems of a very short lease along with an absentee freeholder so had no way of extending their lease to sell on the open market. National Residential stepped in and we completed on the purchase in just 3 days.
Phone now on 01244 757152 to find out how National Residential can help you sell your short leasehold property in just 3 days.
National Residential recently celebrated over 10 years of business at Chester Racecourse.
Since 2007 National Residential has helped 1000s of people to sell their houses fast and stress free.
Continue reading Helping People To Sell Their Houses Fast For 10 years
WARNING: DO NOT LET YOUR HOUSE GET REPOSSESSED AS IT MIGHT GET SOLD AT A TRADITIONAL AUCTION FOR A LOW SALES PRICE. THE HIGHER THE SALE PRICE, THE MORE MONEY YOU WILL RECEIVE WHEN ALL YOUR DEBTS ARE PAID FROM THE SALE. IF YOUR HOUSE SELLS FOR LESS THAN THE LOANS AGAINST IT, YOU MIGHT HAVE TO PAY THE REST BY SELLING OTHER ASSETS.
In A Nutshell
We can organise a cash advance to pay off your debts so you can sell your property using our modern auctions so that you get a better price for your home AND a cash advance so that you are able to pay move into rented accommodation on your own terms.
Note: Not all auctions are the same! See why ours are best.
Home repossession is the same process as ‘mortgage possession’ – it is a process lenders go through to recover money owed to them if the terms of repayment are broken by the borrower (debtor).
When a house is sold in the repossession process, any money that exceeds the mortgage loan or any other loan secured on the property or the court costs and fees is returned to the subject of the repossession order (the person whose home is sold).
Who Can Repossess Your Home
Your home can be repossessed by your mortgage lender if you fail to make the scheduled mortgage repayments agreed in the loan agreement.
Your home can also be repossessed by a lender of other loans if you have used your house or any equity tied into your house value to secure the loan.
Continue reading Repossession Orders
Since the 1980s and 1990s, many thousands of endowment policies have failed to mature as expected leaving thousands of policies with an endowment mortgage shortfall and homeowners struggling to make their final mortgage repayments.
If policy holders do not have savings or some other means to cover the mortgage repayment shortfall, it may be possible to extend the term of their mortgage if they still have a regular income.
However, if they cannot raise money to cover the shortfall or extend their mortgage term, they may have to sell their property to release the equity tied into it.
Downsizing To Repay an Endowment Mortgage Shortfall
A significant difference between the amount the property has increased in value and the money needed to make up the shortfall may provide enough funds to buy a smaller property outright and repay the endowment shortfall.
Continue reading Endowment Mortgage Shortfall
In June 2017 National Residential sold 41% of the properties listed in an average time of 32 days.
Compare that to the national average selling time of 60 days for June 2017 (see http://www.rightmove.co.uk/news/house-price-index/). Add to that out annual average of 56 days to complete for completions handled by our in-house team and you’ll see why our clients come to us for a quick sale.
That and the great prices we achieve of course – in June our average sales price was 128% of the ‘offers over’ price.
To find out how National Residential can help you to sell your property fast without any obligation to proceed, call us now on 01244 757152