We will provide a competitive Cash Offer Quote and also offer our Assisted Sale Purchase. With the Assisted Sale you will receive your upfront payment on Day 1 of the contract commencing, this is typically up to 10-15% of the purchase price. With the remainder of the contractual balance paid on completion, this amount is guaranteed and will be set in stone from the outset. Essentially it's a joint venture with an exchange and a delayed completion.
If you are happy with your quote we will then arrange to visit your property and inspect your house in as quick as 48 hours. After this, if you decide to say "yes, buy my house" we will endeavor to complete the purchase in a far quicker time than if you were to sell to a traditional house buyer.
"Our Market Leading offer often pays 10% more than our competitors, its' closer to Market Value and we cover all fees and costs"
“Direct House Buyer helped me to sell my house fast and achieve a great price”
— G. Turtle West Hampstead, London
“Thank you Direct House Buyer for making the whole process so simple”
— R. Clark Taunton, Somerset
Do You Need all Cash within Two weeks? If not then our Assisted Sale Purchase can make you an upfront payment from the equity in your house on Day 1 and the balancing payment settled on final resale.
Different to many of our competitors who may just be able to offer a straight cash sale we also
have a variety of other options available.
For example, our market leading Assisted Sale is a
popular choice and allows us a bit more time to achieve a great price for your home, often the
price we can pay is around 10% more than the highest cash offers available.
• Essentially it’s an exchange with a delayed completion
The amount we agree to buy your house for is set in stone and we can exchange quickly – In
as fast as 7 days.
• You receive an upfront payment of the agreed purchase price on Day 1 – This is a payment from the equity in your home.
• We take over the responsibility of the property on exchange – You have to move out.
• Completion is guaranteed and further supported by our cash fund.
• You typically receive 10% more than the highest cash offer quotes available.
There are other favourable options available, so please take the time to contact our purchasing
team today. We usually offer both a quick cash sale quote and an Assisted Sale quote. If you
don’t need all the cash in a particularly fast time i.e within a couple of weeks and you have up to
3 months available until you need to fully complete then our Assisted Sale offer allows you to
achieve both a guaranteed sale and an amount that's closer to the market value of your home.
At Direct House Buyer we wish to provide our sellers with a offer that’s as near to the 100% market value as possible. For that reason it’s important to take care with any price reductions you make so that you don’t unwittingly affect the true value of your home. It’s difficult to imagine that your house value could be affected through your own actions but it can.
Usually by the time our customers contact us their properties have been on the market for longer than they initially anticipated and quite often they would have already reduced their asking price. This is usually through the suggestion from their estate agent who realistically has little power to attract new buyers. They ultimately want to sell your home and don’t always have the sellers best interests at heart. If you express to your agent that you wish to sell your house quickly and in turn they suggest that you reduce your asking price they probably won’t caution you that this will in effect lower the market value of your house.
In practice it’s a surveyors job to determine the market value for your home and even if the surveyor truly believes that your house is worth more than what you are asking, unfortunately they can’t value your house at a higher price than what is advertised and in their opinion it’s current price is the market value. At the same time even if you take the house off the market or put the price back up it’s the surveyors job to check Rightmove Plus which shows a historical database of listed prices and once again they won’t value your home any higher than the lowest price it was recently advertised at. The same applies to a mortgage lender, they wouldn’t wish to pay more for a house now than if they could have bought at cheaper price and limited their exposure a few weeks back, they would establish the previous listed price as the current market value particularly if it didn’t sell at that lower price. Here at Direct House Buyer we want to give you as high a offer as possible so that you will be happy to sell to us and happy with the price you achieve. All our offers are based upon your homes current market value so please contact us first.
The quickest form of transaction without having to wait for a normal buyer to complete is via a straight cash sale, you can sell your house fast in a hassle free way and at a timescale that suits your situation, usually within two to three weeks. Similar to other industry leaders our cash offer will not be as close to the market value as some of our other options that are available. Typically, cash offers are usually around the same mark throughout the industry, however we will always endeavour to provide a better quote than others can even for our cash offer deal. If you don’t necessarily need to complete within a couple of weeks and have more time on your hands then we have other options available such as an assisted sale which has a pre-agreed price, exchange and then a slightly delayed completion (typically 3 months) which will result in you receiving a higher price that's closer to the market value of your property.
How Fast are Houses Selling on The Open Market
The Rightmove House Price Index is the most common resource used for reporting the average UK house price for a given month. The recent report for December shows that house prices have now fallen for two months in a row. The average house price now stands at £340,167 and shows a monthly decrease of £2234, that's a 0.7% decrease from the previous month. The gains experienced during October where there was a new record house price high of £344,445 have now been reversed. The full report can be seen here for December's figures.
The figures for December show the same typical retracement that we expect at this time of year, for example in December 2020 prices fell 0.6%. There is currently a new record low of available stock so you would have had expected house prices to rise, but Tim Bannister at Rightmove believes that buyers will be returning to the market and sellers will need to lower their prices to meet over stretched buyer affordability. It is predicted that house prices will rise 5% during 2022 but this is a middle of the road prediction seeing that we are experiencing uncertain times and a new wave of the Omnicron virus may change things, particularly if there is another lockdown on the horizon.
A summary of the fastest moving regions through to the slowest for figures produced in December can be seen in the table below, it shows the average amount of days it takes to sell a house. Once again at the top of the table Scotland is still the fastest place to sell a house, taking just 25 days. The South West remains the second fastest region to achieve a sale taking 33 days. London remains the slowest region, taking 59 days to sell a house, which is 4 days longer than last month.
1. Scotland – 25 Days 2. South West – 33 Days 3. West Midlands – 34 Days 4. East Midlands – 34 Days 5. East of England – 35 Days 6. Yorks & Humber – 36 Days 7. North East – 37 Days 8. Wales – 38 Days 9. North West – 36 Days 10. South East – 39 Days 11. London – 59 Days
UK Monthly Change in The Time it Takes to Find a House Buyer
The below list shows the monthly change in the amount of days it takes for a seller to find a buyer who has agreed to buy their house. The figures produced by Rightmove show the difference in time for properties that have been advertised "For Sale" and then changing to "STC" (subject to completion). The most recent figure shows that it took an average 38 days to sell a house in the UK during November, this is two days longer than the time it took last month, suggesting that the speed of sales may be slowing. Both buyers and sellers need to bear in mind that the completion process could also take a further few months which has been reported to be around 4 months. Therefore, in total it takes around 6 months to sell your house on the open market.
1. January 2021 – 65 Days 2. February 2021 – 60 Days 3. March 2021 – 51 Days 4. April 2021 – 45 Days 5. May 2021 – 41 Days 6. June 2020 – 38 Days 7. July 2021 – 36 Days 8. August 2021 – 37 Days 9. September 2021 – 37 Days 10. October 2021 – 36 Days 11. November 2021 – 38 Days 12. December 2020 – 57 Days
Interest rates have been increased for the first time in over three years from 0.1% to by 0.25%. This change will affect affordability for all property owners with a mortgage. New house buyers won't be able to borrow as much, existing home owners with a variable interest rate mortgage will see an immediate effect and those on fixed rates will see their mortgage roll over to a higher interest rate when the current term ends. This week also showed that house prices have risen at the fastest pace in over ten years.
The Guardian predicts the property boom will end in 2022 this is due to the interest rates rise and higher cost of living with household budgets having to tighten in the forthcoming months. Still, Halifax believe house prices will remain strong and expect them to retain the growth that accrued during the pandemic where house prices have risen £34,000 on average.
Property prices rise at fastest rate in 15 years, furthermore the sharpest rate of growth has been seen in the past three months. This rate of growth may not continue for much longer as according to Halifax, house price to income ratios are at historic high levels so affordability may start putting a cap on rising house prices.
The UK may experience a House Price Crash as government schemes come to an end and the market is overheated. The same reason that the market overheated in 1989 and after that the house price crash lasted 4 years.
Predictions of continued growth from The Buy Association who say that the appetite for buying a house remians even though the stamp duty holiday has come to an end. Interestingly, the article mentions how predictions were gloomy at the start of 2021 and it turned out to be a fantastic year for the property market.
The property bubble may burst in Europe which could spill over into the UK. Similarly to the UK, Europe has been on a buying frenzy and has also experienced historic low interest rates. With rising energy prices and possible rising interest rates less people will be able to meet their new higher mortgage costs and the property market could collapse. There are already reports of lenders tightening criteria across Europe.
Many people wonder the what term We Buy any House actually means. This term is used
throughout the property buying industry but does come with some terms and conditions. Of course all
companies could make some sort of offer on any property as essentially everything has a price so in
being able to make offers on each and every enquiry is entirely possible. However, some companies
endeavour to buy any home more than others. Various reasons that are usually associated to the
property itself could stop an offer being made, such as:
-Structural issues that could cost more than what’s feasible to repair, essentially writing off a property.
We come across property’s everyday that need remedial work and that’s’ fine. For example if your
home requires further damp proofing before a surveyors inspection this is something that we can
factor into the deal. But if the property requires major structural work that costs more than the amount
that you will receive after paying any mortgage off, then unfortunately we wouldn’t be able to help in
this example. Here are some examples of what to look out for in a survey report
-The property is unmortgageable and this could be for a variety of different reasons Your home may have a short lease that can’t be renewed or the property may need renovation works to pass a surveyors inspection.
The Location – At Direct House Buyer we can buy houses all across the UK whether it’s a busy city
location or of the most rural of properties. Certain restrictions apply to what type of deals we can offer
in Scotland and unfortunately we can’t purchase homes in Northern Ireland.
We get many enquiries from Landlords who are looking to sell some of their
portfolio for a variety of different reasons, Often landlords ask if they can sell a tenanted property and
the answer is Yes. We are able to buy properties that are tenanted but the terms of the tenancy must
be fair and at the market rate. If you are a Landlord who is wishing to free up some cash or even just
tired of your landlord duties and finally wish to sell up, then please contact one of our advisors today
to discuss your specific requirements.
At Direct House Buyer you sell your property directly to us. Our head office uses it’s own cash fund to
help facilitate straight cash sales, Assisted Sale and delayed completions. No need to wait for a
buyer to walk though your door, you dictate the time that you want to sell and the price you will
eventually receive is set in stone, before any transaction begins. The amount that you receive on
completion is also free from any fee’s and associated costs as these are covered by ourselves.
When speaking to one of our advisors, you will be asked a series of questions regarding your property
and based on this and comparable prices in your area our specialist will be able to give you a
preliminary price (which is subject to inspection) on the initial phone call conversation.
Once you have considered our offer to buy your house and are happy with the price, timescale and
terms, we will then further inspect your property. At Direct House Buyer we cover all fee’s and costs
so at our expense and still of no commitment to yourselves we will instruct the following to further
examine your property:
1) Two Independent estate agents who will have local knowledge and will be local to your area
2) A Independent RICS Surveyor will be Instructed to visit your property
3) A Solicitor will be instructed that you can choose from our own panel. Or if you wish to instruct your
own solicitor then we can contribute towards the fees.
4) We will meet the pre agreed exchange and completion dates. You can even choose to
exchange first and delay completion to a timescale that best suits your situation.
Breaking out of a housing chain helpful information regarding being stuck in a chain,
we receive many enquiries from sellers looking for a solution to this problem.
Selling your house yourself a more common trend these days for homeowners to
take the process of selling their home into their own hands, here’s a guide full of the pro’s and
con’s of doing it yourself and what to look out for.
Money Saving Expert provides a very handy guide which includes tips of how to sell your house quickly and
comparisons between online agents, high street estate agents and selling privately. The option of
selling to an online house buyer hasn’t been compared but information with that comparison can be found here
Information about The New 2021 Help to Buy Scheme
The new Help to Buy equity loan has become open for applications as of December 16th. The Scheme is due to run from 2021 through to 2023 and is designed to allow first time buyers to get onto the property ladder with a deposit of just 5%. The way it works - The government will provide a loan of up to 20% of the property value and the home buyer will make up the remaining 5% required i.e. for a mortgage that would have usually required a 25% deposit. The equity loan will be interest free for the first 5 years and then an interest of 1.75% per month will apply after. Interestingly this loan has also been further tweaked to help londoners who will be able to borrow up to 40% of the property value for effectively 0 interest for the first 5 years, meaning in theory they could benefit from a large portion of their house price growth without having to pay for it.
Help to Buy Eligibility Criteria Applies and is Summarised Below
1. Both you and your partner must be first time buyers 2. You must buy a new build house from a developer who is approved and registered with the help to buy scheme 3. The house must be your primary residence i.e. You can't buy as a property investment and let it out to tenants
There are Price Caps for Each Region, seen below:
1. North East – £186,100 2. North West – £224,400 3. Yorks and Humber – £228,100 4. East Midlands – £261,900 5. West Midlands – £255,600 6. East of England – £407,400 7. South East – £437,600 8. South West – £349,000 9. London – £600,000
Get in touch with us today and a member of our experienced purchasing team will be able to provide you with a variety of different offers that can be tailored to suit your needs. Our offers will vary according to a few different variables:
Your property location – Off course you can’t physically change the location of your house and if you feel that it’s the location of your property that may be making it difficult to sell then that may not be a problem for us. Our team of house buyers are experienced in purchasing property throughout the UK and we will always endeavour to make a fair offer even for the most rural locations. Our we buy any house service means that we endeavor to buy any house throughout England, Scotland and Wales. We are able to consider problem properties that for various reasons can't be sold through an ordinary house sale e.g. your property may require structural works before it can become mortgage-able again and therefore requires a cash buyer. If your in a sticky situation that needs specialist attention then it's worth speaking to our specialist to see how we can help.
What’s your Timescale – When speaking to us one of our first questions will be how quickly do you need to sell. If you require a particularly fast sale then we will endeavour to offer a quick cash purchase using our own cash fund and complete in the timescale that you require. However, if you do have a bit more spare time on your hands then we will be able to make you a more competitive offer that’s closer to the full market value of your home.
If you wish to sell your house fast for near market value then please ask one of our advisors about the Assisted Sale product. Most of our competitors solely offer a straight cash sale which can often be very fast in terms of timescale but may also not be so favourable in terms of the agreed sale price. Therefore, if you do have a bit more time on your hands and are able to give us a few months to fully complete the sale then we will be able buy your house fast for an amount that’s far closer to the market value. Essentially our Assisted Sale product is an exchange with a delayed completion, we will also provide you with an initial cash sum that will allow you to move on, in return you will give us a few months to fully complete the sale of your property and after this timeframe you will receive the full pre-agreed remaining balance.