How we compare to estate agencies
| Estate Agent Sale | Capital Homebuyers | |||
|---|---|---|---|---|
| How quick? | O | 7 months on average | P | As little as 7 days |
| How certain? | O | Buyers often drop out | P | We don't pull out |
| Repossession help? | O | Estate agents & Auctions do not offer help handling your mortgage lender | P | We will help you take control of the situation with your lender |
| Sell & rent back? | O | Estate agents cannot offer this facility | P | We can buy your home and rent it back to you |
| Buy back option? | O | Estate agents cannot offer this facility | P | If you sell to us and rent back you can retain the right to buy back in the future |
| Flexible move out? | O | You have to move out | P | You can move out when you want to |
How much?
A typical offer from Capital Homebuyers is generally 80% of what the property could realistically be sold for in the current market.
Look at how we compare with an estate agency on a property worth £100,000:
| Estate Agent Sale | Capital Homebuyers | |||
|---|---|---|---|---|
| Typical offer |
On average this is about 7% below the asking price |
£93,000 |
||
| Legal fees |
A traditional sale involves paying legal costs |
-£500 |
We pay your legal fees (up to £500) |
£0 |
| Price after survey |
It is normal for offers to drop after the survey by 2% |
-£1,860 |
We do not drop our offer unless there is a serious structural problem |
£0 |
| Fees |
Estate agent fee of about 2% + VAT |
-£2,350 |
No fees whatsoever |
£0 |
| Mortgage payments |
A traditional sale typically means six more mortgage payments than if using A Quick Sale |
-£2,700 |
A fast sale with us means you only have one more mortgage payment to make |
£0 |
| HIP's Cost |
A mandatory payment due to recent legislation for the Home Information Packs can be up to £1,000 |
-£1,000 |
A private sale with us means that a HIPS pack is not needed - so no added cost to you |
£0 |
| Total cost |
-£8,410 |
£0 | ||
| Final Payment to You |
84.6% of the estate agent's estimated valuation of £100,000 |
£84,590 |
No hidden costs at all |