05 Jun Sell Council House
Sell Council House
Do you need hope to sell a council House? Are you interested to know the do’s and do nots when trying to sell council house? Now is the perfect time to realise the equity from your council house.
The Right to Buy scheme was introduced back in the Thatcher year of 1980 and is designed to help council and housing association tenants in England buy their home at a substantial discount and get their foot on the property ladder. In some instances, you can purchase a property for up to 70% of its market value. The scheme has continued to go from strength to strength and is still running to this day, however, there are a few stipulations once you have purchased your property from the council.
Many ask if they can sell their council house straight away once they have taken ownership. the answer is yes, however, the longer you own it the less you have to pay the council back. If you try and sell council house within the first five years you will have to pay the council back a percent of the profit over the anything you sell above the initial purchase price. This is why most vendors tend to wait up until after the five-year period before selling.
The issue many face when selling council house is more often than not the area. Many purchases are bought in poor areas and sometimes some are none standard construction properties (not-mortgagable). So the chance of achieving a quick house sale is difficult, and some are spending years trying to sell them. We here at Home House Buyers can offer you a quick house sale as we buy your property for cash and we cover all the fees in the process also.
Home House Buyers have over 20 years experience in helping to sell council house and as we are a fast house buyer we can complete in a timescale to suit you. Try our quick house buyer service by contacting a member of our team on 0800 6121 366 or alternatively you can EmailUs