Our Fast Sale Options
At National Residential we’re experts in selling properties fast and for the best possible price.
We understand that every sale is different, whether you’re looking to sell individual properties, or properties in bulk. Perhaps you’ve got houses in poor condition or with tenants? Whatever the situation, we know exactly how to help.
We have three types of sale, each with their own advantages, depending on if you want to sell your property for the best price, in the fastest time or the most convenient option. Simply browse the three options below, or call us and we’ll help you decide.
Our sales options are:
28 DAY AUCTION SALE WITH FEES
Anything you get over the reserve price is yours
Sellers receive 100% of the sale price minus our fees, when the sale completes.
28 DAY FIXED PRICE SALE WITHOUT FEES
Anything over the reserve price we take, but there are no fees and lots of added benefits.
Sellers receive usually between 85-90% of market value.
A QUICK CASH PURCHASE
We’ll buy your property ourselves in 7 – 14 days.
Best for those who want to release cash tied into their properties asap.
Sellers receive usually between 70-80% of market value.
No matter what sale option you go for, we’re a no sale, no fee service
If we are unable to find a purchaser willing to meet the Reserve Price, or sellers are unwilling to agree a sale at a lower price at the end of the auction, sellers can cancel their agreement with us and have no fees to pay. Unlike other auctions we do not have an entry fees or charges for legal packs or advertising. We provide a completely no sale, no fee service.
Frequently Asked Sellers’ Questions
What makes all the difference to our sellers is that our auction buyers pay top market prices and are chain-free, so they complete quickly.
All our buyers must prove they have funds available to complete their purchase and pay a 2% Holding Deposit (minimum £5000) to exclusively reserve your property to take it off the market. The holding deposit amount buyers pay is set at exactly the right level to ensure that buyers are happy to pay the highest prices and so that 95% of our agreed sales complete. We lock buyers down, so they cannot reduce their offers or pull out of the sale just before completion without losing their deposit.
Traditional auctions charge a much higher 10% deposit, so their sales are even more likely to complete. However, the trade-off for sellers choosing this method is that buyers pay much lower prices to offset the risk of something going wrong and losing their 10% deposit.
Estate agents on the other hand do not charge deposits at all, meaning their buyers have nothing to lose and so many of their sales fall through.
Our auction sales therefore offer sellers the best opportunity to sell for the highest price and with the quickest completion.
By agreeing to our ‘Accelerated Purchasing Scheme,’ buyers are committing to complete within **56 days.
We can provide panel solicitors to act on behalf of both buyers and sellers.
Our panel solicitors understand how to complete all the required paperwork and tasks quickly, so we achieve the quickest completions in the timescales required by the seller with the minimum amount of hassle. We can literally take care of everything when buyers and sellers agree to use our panel solicitors, leaving us to get on with the job while our customers enjoy the freedom to get on with their lives.
You can help by being quick to return the paperwork requested by your solicitor, but our expert team will hand-hold you through every step to ensure the fastest completion timescales you require.
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.
Whilst we work to extremely high standards and deadlines to ensure that all sales complete within 56 days, in some exceptional circumstances the Vendor may require more time than this to resolve issues required by the Buyer’s conveyancer, so completion can take place.
In these circumstances, the Buyer and the Vendor will both agree to extend from 56 days for a reasonable time up to a maximum of 12 months to enable issues to be resolved and for exchange and completion to take place. We encourage you to refer to the Online Bidding Terms for more information.
In all sales, we endeavor to get any issues resolved as fast as possible.
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.