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★Trade Secrets of a Property Cash Buyer – Part 8 – Selling an Unfinished Project.
Posted on: 18th May 2016 | Filled under: Property Cash Buyer Trade Insights
Written by: Mark King
This is part 8 of my video series ‘Trade Secrets’ – Tips, Tricks and insights into the property investment world.
Something that I am seeing a lot of at the moment are unfinished projects in the home.
Do you have a property that has been in the family for a long time and are you considering an interior or structural update? Maybe you have recently inherited a property that needs modernising? Are you considering selling the property long term?
I commonly come across situations in the home where a refurbishment job has been started but is unable to be completed.
Some of the unfinished property projects I have come across in the past are;
Incomplete extensions
Partly refitted roofs
Kitchens that have been taken out
Wiring or electricals incomplete
This can be due to a variety of reasons such as;
Maybe you started a refurbishment project and ran out of funds?
Maybe the project was simply underestimated due to a significant rising cost of materials and labour?
Throughout refurbishment the situation changed and you became financially stuck?
You simply don’t have the time to complete the project yourself.
Refurbishment jobs are big projects and are commonly underestimated in effort, time and cost.
In the last two years, both labor and materials costs have significantly increased throughout the South Wales region.
Generally speaking, most UK Estate agents will not represent a property that is unfinished.
Buyers can struggle to get a mortgage from lenders on a property that is deemed unfinished, and so because of this estate agents class this condition as unfit for resale.
If you can relate to these circumstances above, then please take a moment to take a look at my website. Whatever your initial motivation for a refurbishment and whatever state of refurbishment your home is in, if you have a property that is unfinished I would be happy to come and take a look and make you a quick, fixed and fair cash offer no matter what condition. Whether your property sits within a minor or major incomplete refurbishment category I can make a purchase in as little as 7 days.
My services are trusted throughout South Wales. I have been in the property business for over 20 years and have purchased over 700 properties. I cover all legal fees, and by selling your property directly to me you don’t pay estate agent fees.
If you are looking for a quick house sale Mark King Properties can make you a cash offer today. We Buy Any House regardless of condition. Get a free cash offer today click here.
