Barry Home Buyers

Contact Us Today
01446 349 001

By

Sell Commercial Property with Ease

Looking to sell commercial property.  The directors of Barry Home Buyers started their careers in the commercial property sector and are specialized in Industrial, Office, Retail, Care Homes and land investments. Barry Home Buyers’ chartered surveyors have over 40 years combined experienced in buying commercial property investments fast and efficiently.

The Barry Home Buyers will buy any commercial property investments within the UK. But how does one know if he/she needs our help?

Here are a few guiding questions:

  1. Do you require a quick cash property buyer for your commercial property?
  2. Is your commercial property (whether it be land, office, retail, Care Home or an industrial property) located in England or Wales?
  3. Do you require a quick property sale for your commercial property, typically within 2 – 3 weekimages (6)s?
  4. Do you need a cash offer for your commercial property?

If your answer to the above questions were a “yes”, Barry Home Buyers and chartered surveyors are here to help you sell your property quickly. Commercial property buyers purchase properties promptly for cash, covering all of your seller fees (inclusive of your legal fees).

Since the market crash in 2008, the commercial property sector was hit significantly with some regions seeing commercial property values decreasing by nearly 50% of its value.

This subsequently led to banks and building societies withdrawing funding from commercial property investments and developments. This step unfortunately led to the severe downturn in this sector. Though the economy has picked up of late, the commercial property sector is still playing catch up and commercial property returns are still nowhere near the peak of 2007-2008. Commercial property rents seem to be on the increase across all regions, the issue however is investment yields and selling commercial property quickly is now not that easy.

Barry Home Buyers is a reliable fast commercial property buyer that have a wealth of experience acquiring all types of commercial properties in the UK quickly (industrial, retail, office, Land, Data Centres, care homes etc.) There are a number of cash property buyers who claim to be able to buy your commercial property fast. Barry Home Buyers however stand out with an extra quality as a regulated chartered surveying firm. Whilst there maybe a number of property buying companies who claim to be able to buy your commercial property quick, only a handful of these property buyers are a chartered surveying firms. Most are unregulated organisations and are not trustable. If you need to sell your commercial property fast, contact the commercial surveying team at Barry Home Buyers to receive your free no obligation cash offer.

Sell My Commercial Property Quickly For Cash

Like we have all witnessed over the last 7 years, commercial property investments have taken a knock and sales have slowed down dramatically. Commercial property returns are substantially lower than the peak of 2007-2008.

The selling of commercial property is no longer an easy task. This is because a large number of pension funds have reduced this type of asset class in their clients’ portfolios. This is where Barry Home Buyers can help by providing a quick and stress free cash property sale.

Some of the common reasons that cause people to sell property quickly include:

  1. Inheritance
  2. Financial problemsimages (2)
  3. Retirement
  4. Ill Health
  5. Repossession
  6. Commercial Business Rates unaffordable
  7. Negative Equity
  8. Emigration
  9. Relocation
  10. Divorce

If you want to receive a guaranteed quick commercial property sale, Barry Home Buyers is the surveying partner which can help. We buy any commercial property quickly, purchasing your property for cash in as quickly as just 2 weeks if required. Barry Home Buyers comes equipped with over 40 combined year’s commercial property surveying experience, an expert legal team and a property buying service and a business model which retains the highest regard in the surveying industry.

By

Selling your property quickly, Tips to consider.

Selling your property quickly in this competitive market is not always a walk in the park.  This could be owing to the following main reasons:

  1. The property could be located in a remote area.

    images (16)

    Sell property quikly

  2. The local property market is subdued.
  3. Controlled demand for certain types of properties e.g. 3 / 4 storey townhouses, non-standard construction properties etc.
  4. Property’s inability to be mortgaged.
  5. Property may have neighbourhood problems/issues
  6. Your property may suffer from damp / structural movement
  7. You have a sitting tenant

There could be a number of reasons why your property is not selling quickly, the above being the most commonly encountered. Most home owners feel stuck if their property isn’t selling quickly, however there are now options to sell your house fast if you have a problematic property.

 

If My Property doesn’t Sell Quickly, what options could I opt for?

Nowadays homeowners no longer need to rely on estate agents when their property fails to sell as prospected. This is because there are various easy options to make it sell today than in the past.

One such option now available to homeowners is to consider selling their home to regulated property buyers. Property buying companies started to become popular about 10 years ago when homeowners wanted a different solution to sell their homes quickly if their estate agent(s) was unable to do so. Today, the several property buying companies battle to present their services to buyers. Sadly, on matters of house selling, trust becomes a key issue before trading. That is the reason why you can have more trust in proficient and trustable companies like the Barry Home Buyers.

When your property does not sell quickly, and you are running out of options, contact a trusted property buying company like Barry Home Buyers to receive a guaranteed cash offer.images (18)

Barry Home Buyers remains the largest and most regulated property buying company in the UK and is run by qualified chartered surveyors.

Looking for more details from the experts.

Property Not Selling Quickly – Need Help?

In conclusion, this blog highlights a little-known solution if your property is not selling quickly, and that is to use a regulated property buyer like Barry Home Buyers.

For any help you may require don’t be afraid to ask.

By

Estate Agent -12 Tips to Persuade them to be on Your Side

Estate agents works for the seller. Even so, they only get paid if they do a deal. If you win them to your side, it can get you to the front of the queue when viewing houses, and can help you get a better price. But if you are in their bad books, you can fail to get a deal

  1. Make sure you meet the estate agent

Always ensure you meet all the estate agents face-to-face as that shows trimages (17) ue interest in doing business rather than the bossy type who only know of giving requirements. You should see all the local estate agents in the area you are interested in.

  1. Demonstrate your seriousness from the offset
  • Lots of people often mess estate agents around. Show them you aren’t another time waster.
  • Ensure you get a mortgage in principle before you start house hunting. This will enable them to know that you will be able to act quickly, and will put you right at the front of the estate agent’s mind when new properties pop in.
  1. Exchange the contacts: May I have your number please…?
  • Get the individual agent’s name, mobile phone number and email. This will not only ensure you always have a point of contact, but will also allow you to develop a relationship with them. It is easier to deal with an individual if possible, rather than a whole office.
  • Give them all your contact details.
  • Give them a rough estimate of what you are looking to spend. However, never give them full details of your financial situation as it could put you at a disadvantage in negotiations if they know you can afford more.
  1. Brand them the “goldmine” of advice
  • Estate agents have extensive local knowledge and often enjoy sharing it. Rather than telling them exactly what you want, simply inquire their advice.
  1. Give them your requirements
  • In the first meeting tell them the type of properties you are looking for, and which exact area(s) you would most like to live in. Make a distinction of what you could be willing to change and those you won’t.
  1. Keep giving specific feedback after every view
  • After each viewing tell the agent what you did and did not like about the house. This will allow the agent to build up a better picture of what it is you’re seeking
  1. Don’t waste their time
  • Always stick to property that befits your budget. Otherwise, it could give you dissatisfaction and annoy the agent.

    images (15)

    How to get an estate agent on your side

  1. Always be in regular touch
  • Call them (when they fail to call you) every few days and tell them that you are still on the hunt. Ask if they have any news of new properties on the market. If they don’t hear from you, they may assume you are no longer interested.
  • Always respond to their emails and telephone calls even if it is just to explain why you are not interested in a property.
  • Even after you have put in an offer, make sure you keep in touch so as to gain access to the property for surveying, mortgage valuations, etc.
  1. Buy some time to view properties
  • Good houses sell quickly. So, ensure you are always available to look at them. Otherwise, the agent won’t think you are serious. Either, missing may be interpreted by the agent to be a sign of rudeness.
  1. Keep in Mind that Agents Trade.
  • Although the agent often side with the seller, and are incentivized to get as high a price as possible for the house, they do have a slightly different interest which can turn them on your side: if they don’t trade, they’re rewarded nothing for their efforts.
  • For sole agents, they will be worried that if they don’t get a seller to agree a deal, the seller will put it out to multiple agents. If they are already in the multiple agents list that markets the property, they will fear that if they don’t seal the deal, another agent will.
  • All this means that agents can be keener than the seller to give in to a lower price, just to ensure they get a deal. If a property is proving a little hard to shift, and is perhaps overpriced, the agent can effectively end up on your side and try to get the seller to agree a lower price.
  • They might encourage the seller to accept an offer £10,000 lower than asking price. While that might be a lot of money to you, it only equates to £200 in fees for the agent, and it is far better to get slightly lower fees than no fees at all.
  1. Create Them a Good Impression
  • The vast majority of estate agents are decent people working hard in a very competitive market. So, if you charm them, they might well respond nicely.
  1. You can have a plan B …

When all the above is way too much, you can always use a buyer’s agent, who will do this work on your behalf.

For more details feel free to get in touch.

 

By

Estate Agents Problems

Generally, Estate Agents do a commendable job at helping people buy and sell houses. However, they are also experts at squeezing every possible penny from clients or convincing people to settle on the sale that best serves them. Here is how to keep your cards close to your chest and pinpoint their monkey games before they pull punches.

Getting you a chilling dreaddownload 7

It’s the estate agents’ job to blow the horn over a property on sale. When it fails, they may design fear by organizing appointments when other buyers are also viewing the property just to make it look a “hot cake”. Rather than working through offers one at a time, they might try to introduce “sealed bids”, which pits you against other buyers without you knowing how much they are willing to offer.

Be some tough cookie; don’t fall for it. All of this is aimed to push you into driving your price way up much higher than you can afford. So keep in mind what you can pay and stick to this – there’s no point in getting your dream home if you will be broke for the rest of your life.

 

Watering the Sweet Deal

Never let them know your lowest take (when selling) or your highest bid (when buying). If you do, you are most likely to settle for it.

In order to gain the best deal, often showcase your product to more than three different agents. You can then evaluate an appropriate price.

Throwing in some ghostly offers just to scare you

Your purchase asking price has been accepted. The property you are buying gets off the market and all seems clear towards completion. Then the preceding week, the Estate Agent calls to alert you that someone else (who viewed the property previously) has thrown in an offer above yours. You smell a rat. If you suspect this is a false bid, challenge the Estate Agent and ask for proof in writing that this third party existed and is willing to make a higher offer.

Whether real or hoax, being gazumped is both disturbing and costly. To evade such, there exist two popular options though they all go at some cost.

  1. A Good Will Charter: where both parties pay a deposit which they will lose if they don’t go through with the sale. It’s not very safe. However, it could help you weed out people who aren’t serious about the deal.
  2. A lock-out agreement: here the seller has to take the property off the market for a limited amount of time while the deal is being completed. You will have to move quickly to get everything done before the time period is up. Discuss the pros and cons with your solicitor.images (16)

Misleading you over Help to Buy 

Help to buy phase 1 allows some people to get a government loan of 20% of the price of their house. Since it is a loan, it will still require to be repaid. However, some lenders advertise the property at 80% of the price. That will deliberately mislead Help to Buyers into thinking they are entering a cheaper deal.

 

Pressurizing you to use their mortgage brokers 

Some estate agents have been reported to be mounting pressure on people to use their mortgage service. They claim that one will get preferential treatment or, worse, claiming they will be unwilling to work with them unless they did. Such acts are illegal. By all means, if you have the time, get a quote from the Estate Agent’s mortgage adviser before shopping around, but bear in mind that:

  • Estate agents are almost always getting some kind of commission for their mortgage services – commission that you will ultimately pay for.
  • Such agents are likely to have a far narrower selection of mortgages than if you look further afield.
  • There may be an upfront charge for their advice whereas banks and some mortgage brokers can give you mortgage advice for free.

Also be aware there have been accusations of mortgage brokers and estate agents working closely together, openly discussing potential buyers’ budgets in order to get as much money out of the buyer as possible. So again, be free to find out what deal they can offer while keeping in mind that you are under no obligation to accept their weird mortgage offers.

 

Charging a little extra for advertising

If your house isn’t selling, you may need to think about changing your scheme. Your estate agent might then advice you to pay them more for advertising your property.

Here is an argument: why haven’t they done everything they can to market your property already? And is the extra money refundable if you still don’t get an offer?

By

3 ways to break the housing chain

Being stuck in a housing chain can be both stressful and expensive. That often means you won’t get the home you want. Imagine if just one person drops out in a property chain, the whole chain is likely to crumple; in that case, you and everyone else on it will be back to the drawing board. Luckily, there are things you can do to break housing chains though they all go at a price.

Why break the housing chain?

When you let it loose …

  1. It makes house buying far more certain, as you will not be subject to events beyond your fingertips. That will enable you to curb the loss of thousands of pounds as you will be autonomous.
  2. It puts you in a formidable position when buying. Most sellers would prefer to engage a buyer who has the cash in his/her bank than sign into a waiting game where their sale is dependent on finding a third party when buying their house.
  3. You are less likely to be gazumped. If you settle on a decent offer the buyer is unlikely to take another when contrasted with a property chain.

 

Here are three main approaches to break the housing chain:

  1. Sell before you buy.
  2. Get a bridging loan.
  3. Retaining it, but increase the mortgage on a different existing property to use as deposit.

 

  1. Selling before you find a house to buy

Selling and then renting is often stressful; similarly, being gazumped or feeling undersold by a property chain is just as stressful. When you sell before you find a house to rent, you will enjoy the following:

PROs

  • You remain in control of the sale of your own house. That means, you will not be pressurized into selling cheaply as you won’t need to make a quick sale.
  • It gives you a strongest negotiating position if you have adequate time.
  • You may get a better price if you buy a new property and find a seller who is keen to move in quickly.
  • You will know exactly how much you can spend because you’ll have the money from your sale in the bank. Thus, buying your new home won’t be dependent on achieving the expected price on your existing one.
  • If prices are falling, then houses get more affordable as you wait.

 

CONs

  • If you sell first, expecting to be able to buy quickly after, you may be disappointed and instead have to rent for a time, which can prove very costly.
  • If prices are rising fast, by the time you’ve sold your house and sorted out somewhere to rent, a new house will be much less affordable. For instance, if you rent for a year, and shoot by 10% in that year, than you be able to afford 10% less.

 

  1. Bridging loans

A bridging loan is often risky, and not cheap. But, if you have found that dream home and need to put down a deposit for the mortgage then it might just be worth temporarily getting a short-term loan secured against your property, and paying it off once you sell.

PROs

  • It breaks you out of the chain
  • Demonstrates to the buyer that you are serious about buying
  • Let’s you buy that dream house

CONs

  • They have high interest rates.
  • If you get one before you have exchanged contracts and then get gazumped, you will have wasted a lot of money can.
  • If you be unable to sell the house soon after taking the loan, you may struggle to pay back the loan as the interest builds up. Always have your property on the market and ensure that there is some interest in it before taking out a huge bridging loan.
  • If interest is not high, you may be under pressure to accept a lower price for your old house to pay off the loan as soon as possible.
  • If property prices are falling, you may be left without the means to pay off the loan. Thus, only get a bridging loan if you hold most of the equity in your current property.

 

  1. Extending the mortgage on your existing home

The other way to break a chain is by extending the mortgage on your existing home and using that money as a deposit for the mortgage on the new property. You can then either:

  1. Rent out your old home, and then use the rental income to pay the mortgage on that property. This can be a good investment property. This transaction is known in the trade as “let to buy” – you are letting out your old property to pay for a mortgage that helps you buy a new one.
  2. Sell you old home at your own pace. You will have two mortgages for a while, but you will be able to use any profits from the sale of your old house to pay off some of your new mortgage.

NOTE:

Such is applicable to one with a low loan to value ratio (LTV ratio) on his/her existing mortgage. If not, one will not be able to prolong his/her mortgage enough to pay for a deposit on the new house.

PROs

  • Allows you to break the chain by making it more likely that you will get the house you want.

CONs

  • If you get gazumped before exchanging contracts, you will end up with lots of debt capital owing to the accumulating interest.
  • Mortgages with early repayment penalties may attract extra costs when you go to pay off the mortgage on your new house.
  • If you have trouble selling your house afterwards you may end up owing lenders more than you can afford monthly. Thus, have your property on the market beforehand.