December 2008 – For homeowners who need to sell before the end of the year, the online estate agent, (www.discountpropertyshop.co.uk) offers the best bet in this difficult period - when mortgage possession orders in the UK are twenty-four percent higher than this time last year. The organisation, which only deals with buyers who are ready to proceed quickly, is currently selling properties at more than four times the national average.*
Mark Brogan, Managing Director of www.discountpropertyshop.co.uk comments:
“As the country plunges deeper into recession, more homeowners will need to sell quickly, whether because they can’t afford the mortgage payments and need to avoid being repossessed, are relocating, or for other financial reasons. The economic conditions mean that people who are prepared to drop the price of their properties are more likely to attract buyers, enabling them to start the New Year free from the burden of owning property they cannot afford.”
The principle behind www.discountpropertyshop.co.uk is simple: the organisation only deals with sellers who need to sell quickly, whether for financial reasons, after a divorce or separation, or because they have inherited property or are relocating. These sellers are required to reduce the prices of their properties by a minimum of 10% from their independently verified market value, and once the properties are on the market, they receive some of the widest online advertising coverage in the industry.
On the other side, the organisation will only take enquiries from buyers who are ready to proceed – i.e. with finance in place and solicitors who can facilitate a quick purchase. That way both buyers and sellers avoid many of the traditional hurdles that can slow down the process, such as onward chains collapsing, something that is increasingly common in the current property market. Buyers can make enquiries round the clock via the 24/7 Enquiry Line.
The property market is experiencing significant slowdowns, with repossessions on the rise and the average property now taking almost 12 weeks to sell, and prices down to January 2006 levels.
* Royal Institution of Chartered Surveyors
For further information, please contact:
Vail & Associates
DD: 0207 738 0722
Notes to Editors:
The Discount Property Shop (www.discountpropertyshop.co.uk) speeds up the home buying process by matching motivated buyers with quality properties that require swift sales on the open market.
Sellers are required to have an independent RICS valuation of their property, which can be ordered through the Discount Property Shop (the organisation does not make a profit on this service). Sellers are then required to reduce the cost of their properties by a minimum of 10%.
The discounted prices attract buyers who are ready to proceed, i.e. those with finance in place, solicitors who are able to act quickly, and who are not reliant on an onward chain. It is therefore possible to negotiate quick completion.
Discount Property Shop is a trading name of Sell Quick Ltd.
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