Poor Health and Need to Sell Quickly?

Author: nwhomebuyers | Updated on July 26, 2018

It’s never a nice feeling to know that you’re in poor health and need to sell quickly. However, if you do fall in this category, then we are certain that we can offer at least 2 options for you to sell up quickly if you’re in poor health.

We don’t get that many calls about this, but it has been a growing theme in the last 5 years or so.

Maybe it’s to do with the fact that we have so many landlords in the UK these days, with a recent article suggesting 1.75mln landlords? With the term of the mortgage ending, it could be the case that ‘grey’ landlords just want to sell up and enjoy their retirement.

Whatever your reason, please don’t hesitate in giving us a call to discuss the sale of your house privately and efficiently.

I’ve recently discovered I’m in poor health and need to sell quickly?

The first thing to do would be to speak to your family and loved ones and then decide on how to move forward.

You would also need to speak to your family solicitor to decide what you’re going to do with your house and other material possessions if the illness is severe and could lead to death.

If the case is that poor health and illness is forcing you to sell up – whether that is a commercial property or a house, then we can take the stress of selling away and get a cash offer to you within 48 hours.

For example, you could own a restaurant that has been your lifelong passion and income source. If you’re at the stage of your life where illness and poor health has taken its toll, and want the fastest way to exit your commitments, then why would you go through a commercial listing agent or a business transfer agent?

If I’m in poor health, should I sell quickly and privately or via a business transfer agent?

If you’re in the position where you can wait months or years for the business to be transferred by a potential buyer or if you want to free yourself from any associated commitments with paying the mortgage, then contacting a business transfer agent is probably the best course of action for you.

However, if you are in poor health and have declined quite suddenly, then we would suggest you contact us. We can manage the whole affair, get a cash offer to you within 48 hours and then work within your timeframe to conduct the transaction.

We promise to be fair in all our dealings and will try to create a win-win solution for you and for us.

Remember, if we don’t think we can be of service to you then we’ll tell you with immediate effect and allow you to look at alternative solutions.

The property is in bad shape and I’m too ill to do anything to it

We would categorise this type of situation as a possible assisted sale. What that means is that we can either:

  1. Buy it in house ourselves and get a cash sale agreed with you within 48 hours of it being submitted to us or
  2. You want to achieve full market value but don’t have the cash or the health to undertake the work.

In option (2), we would look to offer an assisted sale type of agreement whereby we can agree to undertake the works required to get it back up to shape. We would then agree to split the profits upon the property being sold.

The above option doesn’t work in every scenario, but we can look to do something like this if we feel that it can be a win-win situation and if you’re not happy with the offer that came to you via option (1) above.

In poor health and want to sell portfolio

If you have a number of investment properties and want to exit your portfolio privately and discreetly, then we can certainly look to step in and offer you terms according to your needs and timescales.

We understand that it isn’t a fast sale that homeowners are always looking for, but maybe a well timed sale to match with their situation.

We have bought portfolios before and are happy to do so, depending on the location and of course, the price point.