How We Compare
Auctions | ||
UPFRONT Fees | Yes – Legal Pack, Valuation fee, Buyers Premium Fees, Legal fees, mortgage broker fees, with NO certainty of being successful | No Upfront Fees Only paid when we complete your sale = |
Value Achieved | 80-85% of market value – as they are inviting you in with a cheap price only to enter you into a bidding war so eventually you pay close to the market value | 60-85% of market valuepriced to sellred |
Time to buy | On the day 10 % exchange and normally 20 days to complete - legally binding | 28 Days to exchange and a further 2 weeks to complete |
Market Exposure | The property gets a negative record as it is considered a problem property and its value is negated by the fact it was in the auction in the public’s opinion | Property value is kept consistent with market expectations as it is sold by private treaty- there is no negative perception of it on the market |
A typical Seller | Sellers have normally tried conventional methods and failed, and the auction is last resort – the property must have something wrong as it hasn’t achieved a sale prior to auction. | Our Sellers are just normal motivated sellers just simply looking for a quick sale and as a consequence are advertising their property for the First time, so there is no mixed sentiments about the property, |
Risk for Buyers | Speculative values Stand to lose 10% on day of auction as have to Exchange contracts – Binding Legally. High Risk Lender can pull out – problem with a valuation = Buyer has Lost Money High Pressure - no in depth market appraisal, property Normally vacant, lots of work needs doing – sold as seen – Not regulated |
No Risk for Buyers, only enter to contract once their funding is secure – flexibility to buy a house in a timely manner- in depth market appraisal – tenanted so no voids, -income returns from day one, - no one else bidding you up on the price,- regulated by the OFT property ombudsman scheme |
Risk For Buyers once | Risk For Buyers , an auction property may have a negative sentiment in the market as any prudent purchaser would consider why the property was sold through in an Auction, this may then lead to bank valuers being more sceptical on the property’s value. The property may need extra costs for refurbishment and as such this may affect your bottom line profit figure [the unforeseen costs]. Also, once you refurbish the property, the value you thought the property may be worth, may have been speculative and as such the actual discount you assumed you were getting does not resonate with the a ctual true market value at the time of resale / revaluation. The cost of the void period [time taken from buying, refurbishing and selling] loss of rent and alternate |
No Risk - as the property has never had a negative exposure on the market before, - no problem on valuation when selling to exit. All deals offered are 100% genuine. |
property has been bought | opportunity should also be factored in. In order to be successful you will have had to place the highest bid, the question to hand is why did nobody else bid higher than your offer? |
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Opening times | 9am - 5pm normally Monday to Friday | Open 24 Hours a day 365 Days a year, ready to take an offer, answer an enquiry and discuss your investment strategy with you. |
Certainty | To lose 000’s of Pounds To Pay upfront Fees Less Buyers when exiting due to Down value of property | No down value, Genuine discount, Only proceed once finance approved, in depth market appraisal, property normally rented giving instant returns so no voids |
Traditional Estate Agent | ||
Number of Properties Sold on Average | Normally Sell 1 a month | We deal with hundreds of properties every month |
Average Time taken To Sell | 6 to 12 Months+ to achieve a Sale for the small number they do sell – they are slow and do not understand the property investment market | 28 Days, we are property investment specialists |
Are they Regulated? | Some Estate Agents are Not Regulated and do Not Carry Insurance | Property Sales Ombudsman Scheme = Data Protection = Insured = |
Opening Times | Normally Monday to Friday 9am to 5 PM – and some half day Saturday | 365 Days a Year. 7 Days a week. 25 hours Day – there to take an offer or answer an enquiry. |
Level of Discounts | Normally frightened when you want to negotiate a fast sale. They act for their commission as opposed to working for the seller or the buyer, even if the seller wants a quick sale, they will rather drag out the process, as they want to maximise their commission. | We want to sell properties, our sellers are realistic and don’t want to wait for ever. It is this no nonsense approach that helps the sellers achieve exactly what they are looking for and you the buyer with discounts – all of which helps deliver the right results and levels of discounts. |
Marketing Exposure | Only advertise on 1 or 2 portals so will find it difficult to sell for you or rent for you. | Huge Marketing Exposure Reaching over 60 Million People, 365 days a year /24 hours a day. No underhand tactics, we are 100% ethical and will share our properties. |
Experienced | Do not have core experience in dealing with quick sales. Do not have investment property experience. | Many of our Negotiators come from Investment property back grounds, Decades of experience in selling houses fast country wide, and appraising property values accurately, doing effective due diligence on each and every property sold – we walk away from more than we package as we only want the best for our sellers and buyers. |
Buyers | Only have small number of prospects, many of which are registered with other agents – they have their own favourite customers and hence very difficult to break down the barriers. No legal, financial or investment experience, no real after care service and no in depth market appraisal- you really are taking a gamble. | Access to thousands of potential Buyers. Serious Buyers Cash or Mortgage Approved wanting by countrywide. We are a fast moving business our job is to sell and achieve our asking price- no favouritism, just a simple, honest and direct approach. With highly experienced legal and financial teams specialised in dealing with the investment property market we get things done fast, with the reassurance that you will get the best legal, financial and investment advice all the way to completion and a great after service to make sure that your aspirations are fulfilled. |
Valuations | Old fashioned valuation techniques that does NOT work. Do not price realistically which delay sales and lose interest from potential Buyers | Dynamic pricing policy that works - Sales in 28 days..A Free Valuation service -a genuine and thorough appraisal of all aspects of the property- giving the buyer a much more informed choice. From vanat ready to tenant properties, to those that require refurbishment, to already tenanted income properties – generating income from day 1. |
Property Investment Clubs | ||
Regulated | Many of them are not regulated and not part of the property ombudsman scheme. They normally only sell property that they have no legal obligation over and are not directly instructed by the seller so they have no control. | We are regulated by the property ombudsman scheme and only sell properties which we have been instructed by the seller to do so, so everything is open book and transparent |
Amount you could lose | Many charge £ 7000-8000 in fees per property claiming 25-30% discount without any idea of its true market value or any real appraisal. All they are interested in is their finder’s fee. There have been instances where people have pledged over £50,000 to buy 5 investments and had nothing back They should be approached with caution. | Only pay an Estate Agents Commission on completion. We don’t take anything upfront and all transactions are conducted via a reputable solicitors practice. Any monies are passed on to them and they deposit it into a separate client account as regulated by the SRA. |
Marketing Exposure | Many advertise very heavily and cleverly on the internet in order to entice the investor in offering returns that are quite often impossible to achieve – remember if it’s too good to be true, it normally is. Normally discourage viewings as they have very little control over the selling process and no contact with the seller. | We reach out to the whole of market and advertise our product openly. We have nothing to hide as we are a long standing and reputable company. Fully compliant and regulated. We adhere to all the regulations set by the OFT to offer you complete peace of mind. |
Experience and ethics | You are dealing with 1 company – acting for their own best interest of collecting their finder’s fee. They often have very little true investment experience. The expensive property courses and due diligence is often limited. If the property is down valued, and as they don’t have control with the seller to renegotiate, they quite often try to port you on to another “deal” only to repeat the process again costing you to pay out thousands of pounds in wasted valuations and legal fees and their upfront finder’s fee plus months and months of delay. No ethics – here today and gone tomorrow, with your money which is often paid directly into their account. Many of them are passed properties from third party companies, so they have not directly been inspected and as such reliant on such introducers who have a profit motivation – so you are NOT getting independent impartial advice. |
Many of our Negotiators come from Investment property back grounds, Decades of experience in selling houses fast country wide, and appraising property values accurately, doing effective due diligence on each and every property sold – we walk away from more than we package as we only want the best for our investors. |
Opening Times | Very hard to get hold off – they are not your Estate Agent. Quite offen inaccessible and have an inexperienced telesales operation, just try booking an appointment or request viewing, it’s very difficult if you are lucky to get one at all. | 24 Hours a Day, 7 Days a week, 365 Days a Year. |