Properties-Required.com

We Can Pay 100% of Market Value

For Your Property – How?

Let me explain

At Properties Required, we have multiple solutions to help sellers with their situations, including lease options which could get you 100% of the value of your property!

There are times when selling your house fast for cash is neither preferable nor possible. This is particularly the case when a property has little or no equity in it.

If a seller needs to stop paying the mortgage and move on without selling the property at below its market value, then we can help by using a strategy called a “Lease Option”

Lease options in the residential market have been used in Australia and the USA for many years and are now becoming more and more popular here in the UK, and can help sellers move on with their life in a matter of weeks.

This is how it works:

Let’s presume you have a property that you need to sell quickly. You would normally sell through an estate agent and in the current market this could take a lot longer than you would like and could be on the market for many months without being sold.

During this time the only advice you will get from an estate agent would be to keep reducing the price in an effort to stimulate interest in your property.

If your property doesn’t have enough equity, there’s only so much you can reduce the price by. Selling to a cash buyer normally requires a minimum discount of 25% in the current market. Therefore, not every seller is in a position to reduce the price by this much.

With lease options, you, the seller, grant us an option to buy your property at close to the property’s full market value, based on today’s market, but in the future. The option period could be anywhere between 5-15 years.

In the meantime we will take over your mortgage payments, and become responsible for your properties maintenance and upkeep. In other words we are “leasing” your property.

You can then move out of your property without any further burden of a mortgage.

When we exercise our option to buy, you may make a profit that would otherwise be impossible if you had sold in today’s market

For example:

Let's assume you have a property on the market for £100,000, and your outstanding mortgage is £80,000 and your monthly mortgage payment is £600.00, You need to possibly reduce your price in order to sell quickly to £80,000 to attract any interest. That means you will not make any profit at all, and could also take 6 to 12 months to sell your property. During this time, you’ll need to continue paying your mortgage.

However, if you agree to grant us the option to buy your property for £95,000 within the next 5 years, we will take over your mortgage payments of £600.00 a month. Should we choose to exercise the option to buy your property anytime within the option period you would make £15,000 after paying off your mortgage of £80,000.

If however we choose not to exercise our option to buy the property at the end of the period for any reason, then the property would be returned to you, probably with improvements made to it. By that time, you would have benefited from a long period of not paying the mortgage and also the property would have gained capital growth.

If you are interested to know more, call us FREE on 0800 917 1383