Buying a new house or flat is always going to contain some element of risk. No matter how much research you do into the building, location and previous owners, sometimes you just can’t predict any faults that may crop up.
There are ways to check for flood risk before purchasing for example, but despite numerous precautions bad luck can often strike.
Before buying any property, and especially a high risk one (either to live in or as a real estate investment) it’s good to be aware of the options available if you later want to get rid yourself of it. Unsurprisingly, selling high risk properties can be a lot trickier than others yet there are a few options that will ease the process.
If for whatever reason you need to get rid of your property quickly then one option is to use an online estate agent like House Buyer Bureau. Their team of experts will make you an offer within 24 hours of enquiring and complete the sale as quickly as possible, sometimes in just one week.
It is a great option for anyone looking to get rid of a property immediately, no matter how high risk it may be. You are likely to receive less than you would through a private sale, but it is a much better fall-back plan than merely abandoning it and can be a much quicker way to get a high-risk property off your hands.
People who attend auctions are usually much more willing to take a bit of risk, and hence selling high risk property is much more simple using this format.
Wait it out
Selling a property usually takes two to three months according to government advice. If it’s a high risk property then it’s likely to take even longer due to potential buyers being put off by the element of risk. There are plenty of people out there willing to gamble though.
The property must have had something to intrigue you into buying it in the first place so use that as a key selling point. Going through an estate agent is the best bet to get more exposure and if you’re still getting nowhere you can always change to a different firm.
Present it well
Along with selling at the right price and promoting the property in all the suitable places, ensuring your property is in tip top condition will massively boost the chance of a sale. Play up to its strengths, whether that’s the property’s age, interior or location in both promotion and potential investors. A little extra cleaning and decorating will make selling your property a whole lot easier in the long run.