V6 Property Management | Full Management Of Rental Property

NEED TO SELL YOUR HOUSE QUICKLY?

WE WILL BUY IT GUARANTEED

✓ Repossessions Stopped
✓ Hassle Free & Confidential Service
✓ Don't Waste Your Time, Written Offer Today

NO FEES

WE PAY ALL COSTS

BEEN ON THE MARKET TOO LONG | LITTLE INTEREST | URGENT CIRCUMSTANCES?

CALL NOW, BECAUSE WE ARE READY TO HELP

MONIKA 01925 595 499

"When my beloved mum passed away, it was an incredibly hard time for us. We were overwhelmed with grief and the many things that needed to be done. Amidst our sadness, we neglected my mum’s house and, a few months later, found ourselves facing bills we couldn’t afford. Deciding to sell was tough, especially with the emotional challenge of strangers walking through a place filled with so many memories. Then I found V6 Property Management and their off-market option. I reached out, and Monika explained everything in detail, making the process feel much more manageable. We opted for the off-market sale, and it turned out to be a quick and straightforward process. I’m grateful for their support during such a difficult time."

George P.

See the Difference Between Traditional Estate Agents and V6 Property Solutions

New Field	Estate Agents	V6 Property Solutions
	Sold in 9-12 months	Sold in as little as 4 weeks
Original advertised price	£107,000.00	N/A
True market value	£100,000.00	£100,000.00
Agreed sale price	£94,000.00	£85,000.00
Price after agent fees	£90,710.00	£85,000.00
Price after utility bills	£88,670.00	£85,000.00
Price after council tax	£86,998.00	£85,000.00
Price after mortgage costs	£82,798.00	£85,000.00
Final amount you get	£82,798.00	£85,000.00

Case Study: Julie's Journey from Accidental Landlord to Seller

Background:
Julie became an accidental landlord after inheriting her parents' house through probate. Deciding to move into her parents' home, she rented out the house she had been living in. A few years later, faced with mounting debts, Julie decided it was time to sell her tenanted property to cover her financial obligations.

The Initial Plan:
Julie invited an estate agent to value the house, which was appraised at £90,000. The agent recommended listing it at £110,000 to attract offers. Julie, wanting to offer her tenants a fair chance, proposed selling the house to them for £95,000. The tenants agreed and began the mortgage process.

Challenges:
Unfortunately, the tenants struggled to secure a £95,000 mortgage, and after some negotiation, they settled on a lower price of £85,000. The mortgage process took longer than expected, dragging on for several months. Six months later, despite the tenants finally securing their mortgage, Julie, frustrated by the delays, decided she was no longer willing to sell at the agreed price. She served the tenants with a Section 21 notice and re-listed the property on the market for £110,000.

The Outcome:
The tenants moved out in March 2022. Despite her hopes for a higher sale price, Julie's property faced three failed sales and multiple price reductions. In January 2024, she ultimately sold the house for £82,000, after accounting for a 1.5% estate agent fee.

During the time the house was on the market, Julie had to cover utility bills and council tax, totaling £205 per month, along with a monthly mortgage payment of £350. These ongoing costs added up significantly, eating into the proceeds from the sale.

Financial Comparison:
-

What Julie Earned:
- Final sale price: £82,000
- Estate agent fee (1.5%): £1,230
- Net proceeds: £80,770

- Costs During the Sale Period:
- 22 months of utilities and council tax: £4,510
- 22 months of mortgage payments: £7,700
- Total ongoing costs: £12,210

- Net Amount After Costs:
- £80,770 (sale proceeds) - £12,210 (ongoing costs) = £68,560

What Julie Could Have Earned:
If Julie had proceeded with the initial agreed sale to her tenants for £85,000:
- Sale price: £85,000
- No need for prolonged costs
- Net proceeds: £85,000

Conclusion:
Julie’s experience highlights the potential financial pitfalls of delaying a property sale and the importance of carefully weighing the benefits of a quick, secure sale against the risks and costs of holding out for a higher price. What seemed like a prudent decision to re-list at a higher price ended up costing Julie more in the long run, both in terms of money and peace of mind.