What is the difference between “First Property Solutions” and its competitors?
First Property Solutions is one of very few companies where you deal with the owners of the business directly. There are obvious advantages to this; the person dealing with your house sale is able to make decisions immediately and does not have to defer to the boss. You will find this personal attention to detail ensures the whole process runs smoothly and efficiently and many of our clients comment on the friendly and transparent way we do business.
How close to the my valuation will your offer be?
Our offer will be dependent on a number of considerations. We will take into account the condition of your home, the location, current market activity, previous sold prices( known as comparables )and local rental values. Normally we will offer between 75% and 85% of the market value. Bear in mind that this market value may not be what an estate agent will tell you the property is worth, as it’s common knowledge that estate agents will often inflate the value of a property to try and secure your business.
Do you carry out surveys before making an offer?
Yes. It is standard practice to carry out a survey using a chartered surveyor and our offer to you, after we visit your property, is subject to the survey. We will only adjust our offer should the survey highlight something of concern. Remember, we will be paying the survey fees.
What types of property do you buy?
First property solutions can purchase any freehold or leasehold residential property provided the property is mortgageable. This is not because we will require a mortgage to purchase it but rather to ensure that we can sell it on at a future date.
Where do you buy property?
We can purchase property in most of South-east England. We cover the following counties: Hampshire, Wiltshire, Berkshire, Oxfordshire, West Sussex, East Sussex, Surrey, Kent, Buckinghamshire, Bedfordshire, Hertfordshire, London and Essex. See the map below.
Do I need to pay a deposit?
No. You pay absolutely nothing, ensuring that you can change your mind at any stage without having to re-coup any money.
Do you offer a sale and rent back scheme?
No. The financial services authority (FSA) made this an illegal practice for unregistered companies.
What if I’m not in a hurry to sell?
Although we specialise in fast completion on property purchases it is entirely up to you when and how fast you want to sell to us. You can stipulate the completion date to suit you.
How long does the process take?
If we pull out all the stops, realistically, 14 days is the minimum. However we have found that most clients prefer a more leisurely process of around 6 to 8 weeks. It is entirely up to you when you complete the process and all you have to do is let us know what your required completion date is at the point we exchange contracts.
Can you buy my property if I have tenants in it?
We will be able to make an offer on a property that is tenanted but you will have to ensure that the tenants have vacated the property before completion.
What will First Property Solutions do with the property after you have bought it?
We will usually do one of two things. Firstly, we will decide whether to sell the property on or rent it out. Secondly, we may have to undertake some work to either optimise the property for selling or adapt or update it to comply with rental regulations. In both cases we will have taken on the risk of the property not selling or renting for a prolonged period of time.