In this article, we will cover what is an Assisted Property sale and whether it could help you with a faster-than-normal sale.
Understanding the benefits of an assisted sale can help you make an informed choice.
Please read to the end to see how our cash advance can help alleviate the pain of high mortgage rates. Even if a property is mortgage-free, having a non-refundable cash advance puts you in a stronger position.
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What is an Assisted Property Sale?
An Assisted Property sale is where we help you sell your property quickly.
As property experts, we can help you sell your home quickly and without uncertainty using our skills, expertise and marketing knowledge.
We are a company that specialises in buying and selling properties for cash, both residential and commercial. Our team has extensive experience in this field.
You can sell us any problematic property quickly and for cash. However, a cash offer doesn’t always work for everyone.
How does an Assisted Sale work?
- Contact us to give us details of your property, photos and the ideal timescale for a sale to complete.
- We will assess and give you an indicative offer within 48 hours of your enquiry.
- If you don’t have photos, don’t worry; we will send a Viewber person discreetly to view on our behalf. They come as pre-vetted property professionals. We will cover the cost of the visit.
- We will make you a formal offer, and once you have accepted, solicitors are instructed. If we have not viewed the property, we will send our friendly Viewber person to view it.
- Once you have received independent legal advice and still wish to proceed, funds are transferred, and documents are signed.
- We will request the keys and start marketing the property. We will give you weekly updates.
- Within 2-3 months, the property will be sold, and you will receive the balance of payment via solicitors. Hopefully, we will have made a small profit from our efforts – if not, you get to keep our cash advance.
What type of situations does an Assisted Sale work in?
Not all types of properties are suitable for the assisted sale method. But as the property sits on the market for an extended period, the holding costs increase with maintenance, mortgage payments and council tax.
Another fact that many sellers overlook is that after a property has been unoccupied for more than 28 consecutive days, the insurance company reduces the cover. If a claim is made and the insurers were unaware that the property had been empty for an extended period, they will likely refuse any claim.
Specialist insurance cover is a must but comes with strict requirements, such as weekly inspections with time-stamped photos to be taken. This is something we can take care of.
The types of properties that are prime candidates for assisted sale are:
- Homes that need modernisation or are in a state of disrepair, such as fire-damaged or tenanted properties.
- Hard to sell bungalows in areas where demand has diminished.
- Properties that are up for sale without a chain.
- Empty properties.
- Any property that has been on sale for an extended period.
- Inherited homes pending probate.
Benefits of Assisted Sale to the Seller
If you have been trying to sell your home unsuccessfully for an extended period, an assisted sale is worth exploring.
If you want to maximise the price you can achieve – without the uncertainty of auction or estate agents, we can help. We’ll partner with you to use our knowledge, expertise and marketing skills to sell your property.
Assisted sale is a hybrid option that gives you certainty and speed of a cash sale while maximising the price achieved.
This could be a true win-win for you and us. You will be at least 10% better off, if not a lot more, than a cash price if you give us a couple of months to sell.
All agreements will be signed via an independent solicitor. This ensures that you have received independent legal advice to protect your interests.
We’ll pay £1,500 towards your legal fees. We pay any selling fees.
Do you know what’s the best part? We will even pay you a lump sum of up to £5,000 to help pay any council tax, insurance, utilities and mortgage payments until the sale is completed.
If we aren’t successful in selling, you will keep our £5,000 as our commitment to you, and you will get the keys back to your property.
How can you pay more in an Assisted Sale scenario?
An assisted property sale is much faster than selling via an estate agent or auctioneer. We effectively underwrite the risk of your property not selling and, therefore, can offer you a higher price than a cash offer.
If we were buying your home for cash, we would have to use substantial funds, and we are happy to do so. However, with an assisted sale, we use a cash advance, which means any savings can be passed on to you. In some cases, we can exceed your expectations of the final price offered.
The upside is that we use our proven methods to make a small profit.
Assisted property sale method compared with an estate agent and auctioneer
Considerations/Options | Cash Offer | Assisted Sale | Estate Agent | Auctioneer |
Timescale | 10 Days | Up to 8 weeks | Up to 6 months | Up to 4 months |
Fees | No fees | No fees | Up to 3% | Up to 3.5% |
Guaranteed Sale | Yes | Yes | No | No |
Cash Advance | No | Yes | No | No |
Share of profits | No | Yes | N/A | N/A |
Who pays holding costs | You | We | You | You |
Do I need permission from my lender for an Assisted Sale?
Using cash advance, you can pay your mortgage payments, council tax and insurance as you would normally. So you do not need to inform your mortgage lender.
The mortgage balance will be paid in full when your home is sold, and the surplus cash will be returned to you via your nominated solicitor.
What if I don’t have a mortgage?
If you do not have a mortgage, we can immediately pay you up to 25% of the agreed price within a few days, with the balance on resale.
What happens if the property doesn’t sell?
In the worst-case scenario, if the property does not sell, we will have lost any payments made to you. The property will be yours to do as you wish.
You will be financially better off. To reassure you, we have a 98% success rate.
What is an example of assisted selling?
Meet Dolly, a beautician who inherited a buy-to-let property in Bradford. Her letting agency did not conduct background checks, resulting in non-paying tenants who trashed her property when evicted.
Dolly was living with her mum in Reading but needed her own space. She wanted to put down a deposit on her next property but didn’t have the cash.
We agreed on a price and gave her a cash deposit via solicitors. We refurbished the house and sold it. This enabled Dolly to get the balance, allowing her to move on. She had a substantial inheritance, which gave her peace of mind and protected her son’s future.
Ready to sell?
You are welcome to have a friendly conversation to see how we can help. You will talk to a professional property expert with knowledge and experience.
Together, we will explore whether this is the right fit for you. There is no sales pressure, and you do not have to decide on the spot.
Here is why sellers like you trust us:
- Sellers who need certainty and speed love us – see our genuine reviews.
- Get a formal offer in 48 hours and proof of funds.
- There are no delays or excuses.
- There are no fault-finding surveys.
- The price agreed is the price you’ll receive.
Ready to sell? Please call us today on 0113 320 6700.
In an assisted sale, a property company gives you upfront cash via a legally binding solicitors agreement. This cash can be used for your onward purchase to pay your mortgage and bills. In return, the property buying company will sell your property using their skills, expertise and marketing knowledge. Always check reviews.
In an assisted sale, Property Saviour will guarantee you a price, immediately exchanging contracts and releasing a cash advance, allowing you to move on. We will then focus on what we do best: sell the property quickly. This alternative to equity release enables you to release equity tied into a mortgage-free home.
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