Sell flat fast in Sunderland.
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Sell Flat Fast in Sunderland
Have you been thinking of or have been trying to sell flat fast Sunderland but are trapped by cladding issues? Do you need to sell to raise funds for a divorce, to avoid repossession or perhaps to escape negative equity? Sell flat quickly Sunderland experts here at We Buy Any Home can help.
- We buy flats in any condition and with tenants in situ in as little as 7 days.
- We do not charge any fees or commission.
- Get an offer in as little as 24 hours.
- We can buy flats without an EWS1 form.
Want to sell your flat fast? Get a FREE Cash Offer now by filling in our form below.
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If you find yourself asking how to sell your flat fast Sunderland, you’ve come to the right place. Here’s how it works:
Free cash offer within minutes, no legal fees, any location.
Complete our online form
Fill in the enquiry form below and we’ll do some research into the local market.
We’ll make you an offer
Within 24 hours of receiving your details, we will give you a call to discuss the best possible offer we can make for your property.
Final offer for your property
We’ll get to work and make a final offer based on the expert reports.
Free cash offer within minutes, no legal fees, any location.
Problems facing flat owners
The Cladding Crisis
Flat owners have been caught in a cladding crisis since the 2017 Grenfell Tower fire. A review in the aftermath of the fire identified thousands of flats across the country that needed to have safety defects fixed, but whilst many flat owners and tenants wait for these fixes to even begin or complete, lenders have largely refused to lend on most cladding wrapped properties, which has left flat owners in dangerous homes that they are unable to sell.
This issue has affected Sunderland directly. In recent years flats in Church Street North have had cladding removed but many flat developments in and around the city still have defects which may take many more years to identify and rectify.
High cost of remedial works
Whilst the Building Safety Fund, which was set up to help pay for dangerous materials to be removed from flats is welcomed, not all flats will qualify for funding, meaning many leaseholders still face having to pay up to £50,000 to fix defects that were no fault of their own.
Long waits for EWS1 Surveys
In the meantime, the External Wall System survey (EWS1) needs to be completed on all flats. This survey is completed by a chartered fire engineer, and the resulting documentation is needed to prove to lenders and buyers that the building is free from dangerous cladding.
This means that flat owners are in a grim position. Often flat owners face some if not all of these problems:
- They have flats that mortgage lenders will not lend on until EWS1 surveys have been conducted.
- Flats are being left on the market for months if not years, reducing in price.
- Short leases make flats even harder or impossible to sell and cost thousands to extend.
- You continue to have to pay for mortgage payments on flats you no longer want.
- Negative equity becomes a big issue as prices fall.
- You still need to pay out fees for surveys, commission and remedial work.
FAQ’s for Sell Flat Fast in Sunderland
What is the best time to sell a flat?
How much does it cost to sell a flat?
Can I sell a flat with a short lease?
Do I need an EWS1 form to sell my flat to We Buy Any Home?
Do you offer profit sharing?
Traditionally the best time to put a flat on the market is in the spring, however, recent analysis shows that one to two-bedroom flats also sell quickly in January and February as young professionals and couples seek to move first thing in the New Year. September is popular too.
What is the best time to sell a flat?
Traditionally the best time to put a flat on the market is in the spring, however, recent analysis shows that one to two-bedroom flats also sell quickly in January and February as young professionals and couples seek to move first thing in the New Year. September is popular too.
How much does it cost to sell a flat?
With We Buy Any Home, nothing! We offer you a price based on the market and although the price is usually below market value, you’ll not pay any commissions, we’ll cover legal fees and as we can buy with cash in as little as 7 days, you’ll save thousands in extra mortgage payments that you would have spent whilst trying to sell your flat elsewhere.
Can I sell a flat with a short lease?
If you try to sell a flat with a lease under 99 years you will be asked to extend it – and this comes at a cost to you – running into thousands of pounds. Some mortgage lenders won’t offer mortgages on flats with leases under 80 years too so it can be difficult to selling flat Sunderland on the open market. Fortunately, We Buy Any Home can guarantee you a sale. We offer a cash house buyer service; this means we buy your flat from you (or any property) using our cash funds. You won’t pay a penny in fees, and we will even cover your legal costs.
Do I need an EWS1 form to sell my flat to We Buy Any Home?
No. We can buy flats for cash without this form, which makes our service one of the only ways you can sell flat fast Sunderland-wide.
Do you offer profit sharing?
We calculate our offer based on the cost of any cladding removal or remedial work needed. This means the offer may be much less than the market value, and that is why we are happy to offer a profit share agreement. This means that when we come to sell the flat ourselves if we achieve a higher amount than we expected, we’ll give you a share of the proceeds. So you can move on with your lives now, whilst being certain that you got the best possible value that we were able to give.
Why choose We Buy Any Home to sell your flat?
Sell flat fast Sunderland experts here at We Buy Any Home are a much better choice for you if you want a quick and guaranteed sale. What’s more, you can trust us to take care of everything.
- We provide a fast and easy way to sell your flat.
- We use our own cash funds, which means we can buy your property now rather than wait for third parties to get us the cash.
- We offer the quickest way to sell your flat – we can complete it in as little as 7 days.
- We are the market leader when it comes to the cash home-buying sector.
- We are a founding member of the National Association of Property Buyers (NAPB) and members of The Property Ombudsman (TPO), meaning we follow strict guidelines and offer maximum protection to house sellers.
- We are happy to offer a profit share agreement. This means that when we come to sell the flat ourselves if we achieve a higher amount than we expected, we’ll give you a share of the proceeds.
There are signs that the housing market is slowing, with price growth down to 13% as of August 2022 from 16% last year, so hanging to a flat with cladding or structural defects to try and get a high price is no longer a risk worth taking. Sell my flat fast Sunderland services like ours are the only way to guarantee a realistic price for your flat.
Want to sell your flat fast? Get a free cash offer by filling in our form below.
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Selling Flat Sunderland Experts
Unlike other cash buyers, we are local experts who know the market. With Sunderland flat asking prices up 20% year on year – currently, the average asking price is £120,000 – now is the time to capitalise as even though we typically offer less than the market rate, you could still get the same price as you would have just a few months ago on the open market, just without any of the stress!
In the current market, flats are taking up to three times as long to sell as other types of properties which can create several issues –
- The longer your flat remains on the market, the more it continues to cost in mortgage payments.
- The asking price is likely to be slashed repeatedly.
- You could end up paying a 3% commission on a lower sale price, eating into any profit.
- Sporadic viewings take up time and energy.
- The value of our flat will decrease as the lease length does.
We have the cash ourselves to buy flats rather than relying on third parties, so you could get an offer and sell within 7 days – much quicker than estate agents or online portals which are currently taking between 166 days on average to complete a flat sale – that’s if you can even get a buyer, something not guaranteed with the ongoing cladding crisis.
Let us sell flat fast Sunderland and you may get more than you might expect.
Get a free cash offer today
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