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 of selling through Direct House Buyer is to complete 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 shows the average UK house price for a given month based on asking prices from sellers, it's a good indication of real time sentiment in the market from sellers. However, to see the sentiment from buyers it is important to also look at other indices that are based on sold prices, such as data from The Land Registry. The recent report from Rightmove for February shows that house prices have once again increased for the second consecutive month. The average house price now stands at £362,839, a monthly increase of £3,091. The full report can be seen here for February's figures.
The year began with a surprising jump of 1.3%, February's increase adds a further 0.9% to The UK's national house price and brings house prices 0.1% higher than the same time last year. There seems to be a flurry of activity with buyers no longer taking their time to shop around and agreed sales have been 16% higher than the same period last year. Rightmove says that "sellers who price right initially are far more likely to sell quickly". Over the past couple of months there has been positive news regarding mortgage rates and many lenders have already factored in their prediction that the Government will lower the base rate atleast a few times throughout 2024. At its highest rate the average five year mortgage term was 6.11% today it stands at around 4.86%. Such a large decline represented in real numbers should give sellers the confidence that more buyers will be able to afford a mortgage and be able to buy their house.
A summary of the fastest moving regions through to the slowest for figures produced in February can be seen in the table below, it shows the average amount of days that it takes to sell a house in The UK. This month East Midlands has moved to the bottom of the table taking 86 to secure a buyer, this overtakes Wales who have been sitting at the bottom of the table for over 6 months. At the other end of the scale Scotland remains the fastest region to sell a house taking 54 days to sell a house, a whole 12 days slower than last month.
1. Scotland – 54 Days 2. North East – 71 Days 3. South West – 76 Days 4. Yorks & Humber – 78 Days 5. South East – 78 Days 6. North West – 78 Days 7. West Midlands – 80 Days 8. East of England – 80 Days 9. Wales – 80 Days 10. London – 84 Days 11. East Midlands – 86 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 changed to "STC" (subject to completion). The most recent figures show that it took an average 78 days to sell a house in the UK during January, this is seven days slower than last month. It should be noted that at the same time last year it took 62 days to sell a house, therefore it is currently taking 10 days longer to sell a house than the faster moving market that we saw last year.
1. January 2024 – 78 Days 2. February 2023 – 57 Days 3. March 2023 – 55 Days 4. April 2023 – 55 Days 5. May 2023 – 55 Days 6. June 2023 – 55 Days 7. July 2023 – 55 Days 8. August 2023 – 57 Days 9. September 2023 – 59 Days 10. October 2023 – 62 Days 11. November 2023 – 66 Days 12. December 2023 – 71 Days
This Month's Property News Highlights
Some experts predict more falling house prices during 2024. After finishing 2023 with the national house price being 2.3% down, further predictions of modest falls still exist for this year. The gloomiest prediction comes from Halifax who predict a fall of between 2% and 4%. Other lenders such as HSBC and Nationwide predict prices will remain the same.
The UK House Price Index is the most accurate source of information as it is based on sold prices recorded at The Land Registry, it shows that the average house price was £284,691 for figures reported for December, a small fall of £259 from the previous month.
The Bank of England interest rate has remained at 5.25% for five months in a row. Initially, after a couple of months of the Base Rate stabilising this showed lenders that a corner had been turned and many mortgage lenders reduced their mortgage rates by over a percent. It now seems that after five months of no movement with the base rate, lenders have started to realise that there may not be a quick return to a lower interest rate and this month we have seen lenders reverse their interest rates and slightly increase them, a sign that they were previously over optimistic. For example, Nationwide are increasing their mortgage rates by 0.25%, it is said that this is also due to an increase in Swap rates which are a large factor in mortgage rates. At the end last year there was a good indication of what to expect from The USA. The Federal reserve is a bit more transparent with their intentions and it was said that "committee members penciled in at least three rate cuts in 2024". The next interest rate decision from The UK is on the 21st March 2024.
The Office of National Statistics shows that yearly house price growth is now 1.4% less than the same time last year. The report for December shows that the average house price was £285,000, which is around £4000 less than was recorded a year ago. This data is based on recorded sold prices, and is therefore a couple of months behind what the current national house price is. The report is an interesting read with statistics divided up across different regions of The UK. The ONS House Price Index is discontinuing and the next release will be on a section called Private Rent and House Prices, released in March.
Liverpool is the fastest area to sell a house in The UK. Indeed the entire North West region has performed well over the past month with properties taking just 17 days to sell, according to Zoopla, who similarly to Rightmove is also a portal to list a house for sale. One bedroom flats have achieved the fastest sale in the North West, suggesting that the first time buyer market is particularly buoyant in the North West.
Homes sell twice as fast in Scotland when compared to London according to a recent report from Zoopla. This is partly due to the different conveyancing system that takes place in Scotland, where buyers are required to have a Home Report and completion dates are established before sellers have found a new home to move in too, reducing the time buyers and sellers are stuck in a chain.
The amount of property istings is the highest in 8 years, standing at 221,019. At the same time last year this figure was 204,712. This news of more properties coming onto the market may slow down the rate of increase in the national house price as buyers now have more options to choose from and sellers are facing more competition from there being more choice for home buyers.
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. Getting a EPC certificate and the possibility of selling your house first and moving into rented accomodation before you buy your next home are all considered. The option of selling to an online house buyer hasn’t been compared but information with that comparison can be found here
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.