BEST ADVICE FROM A REPUTABLE SOURCE

Just because you may be feeling pressure in your life that gives rise to your need for a quick sale does not mean you should leave yourself open to manipulation and con tricks by the vultures who lurk out there in the property market! They know every trick in the book.

Our main aim through the development team here at Red Roof is to offer you a solution to your problem that gives you the most competitive offer for your property. The best price available to make both investor and seller happy! In a lot of instances we recommend selling on the openmarket at a slight discount. You will be financially better off.

THE BUY IT QUICK TRICKS OF THE TRADE

• Arranging your conveyancing for you. DO NOT agree to use your buyer's solicitor. APPOINT YOUR OWN INDEPENDENT SOLICITOR. It won't take any longer to sell your property.

• Getting you to sign an agreement to commit to the sale. DO NOT SIGN ANYTHING!!! until you have discussed the sale with your own independent solicitor.

• Taking advantage of your ignorance of your home's true value. Arrange your own valuation by a local estate agent so at the very least you know the open market value of your property and can judge offers from there. Most agents will value your home for free.

DON'T BE MRS SMITH

Mrs Smith wanted to move into council accommodation. She could not afford to pay her rent on the flat she was offered by the council as well as the mortgage on the home she was leaving. Well, not for the time it would take to sell on the open market. Red Roof introduced Mr Jones, an investor who was  ultra reliable and interested in a reasonable profit. He offered her £87,500 and she accepted. Although she could have sold the property for £100,000 on the open market, she preferred the ease of selling this way.

The story does not end happily though. Mrs Smith did not realise that the paperwork she had signed two months earlier when she had invited Mr Buy-your-house-fast in to her property was legally binding. She had agreed in writing to sell him the house - no going back.

Not only that but she had agreed to terms in the contract which meant :

- Mr Buy-your-house-fast was not obliged to proceed with the sale for a 90 day period - but in contrast she could not change her mind. So feasibly she could be 3 months down the line and have no sale - not at all what she was aiming to achieve or what Mr Buy-your-house-fast advertised he was going to do for her - give her a quick sale.

- The deposit which Mr Buy-your-house-fast gave on exchange of contracts was just £20. So that is all he stood to lose if he did not go through with the purchase. Normally the deposit is always 10% of the agreed price.

Mr Buy-your-house-fast proceeds with the purchase because Mrs Smith was not aware of the value of her home when she invited Mr Buy-your-house-fast in to see what he could do for her. A sale was agreed at just £60,000.

Mrs Smith did not get her quick sale and lost £27,500 compared to selling to Mr Jones.

The story is true. The names have been made up.

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