What is Subsidence and How Can it Affect Your Property?
When changes occur to the moisture level of a property’s supporting ground, subsidence can occur. Perhaps the ground wasn’t suitable for building on in the first place or it has occurred over time.
The definition of subsidence is the sudden or gradual sinking downward of the grounds surface, which could be caused naturally or by human activity. The affect this has on property is to cause major damage to structural aspect, which can be very costly to fix & detrimental to any potential future sale.
Subsidence happens when the ground below a property shifts for a particular reason, which can be a variety of different things.
When your property is at risk of subsidence there are a few tell tale signs that you should look out for at the beginning stages:
If your property has a history of subsidence issues then it can be really hard to sell as you will not be able to conceal the the fact from any potential buyers. As you will have to fully disclose the issues it can put a lot of perspective buyers off due to the cost involves with fixing subsidence issues, you also significantly limit your buyer pool.
An expanding substance is injected under the property until the floor is raised and the property stabilised. This should be a permanent solution to the problem. This solves the issue of further subsidence but it doesn't fix any lasting damage to the property, it depends on how severly your property has been damaged to what the cost of the repairs for this may be.
If your property is suffering from subsidence issues and you’re wanting to sell it, this can feel incredibly difficult. Estate/online agents are unlikely to take on a property that has subsidence and hasn’t been treated yet, as it is too costly for them.
However, all is not lost. We will buy your property quickly, even if it has subsidence. We won’t offer you the full price, but we will offer you a fair price, which is something we do for all of our customers. We work with a team of experts nationally who can resolve the issue before we sell the property on, giving you peace of mind and a lump sum of money to do whatever you choose with.
How much can you get?
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5 simple steps to having your property sold!
Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price
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We’ll visit your property & formalise our offer
We’ll instruct solicitors and pay all fees
Exchange contracts & complete as usual
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Independent reviews of our service from reviews.co.uk
Patrick was the perfect gent. Professional, knowledgeable and speedy service. I.d recommend this company for a fast sale.
Charlotte Melia was so helpful on the telephone in discussing the useful services provided by the Property Buying Company. No hard sell, just professional advice discussed in an open and friendly manner to (in my case) someone with little knowledge of options to gat a fast sale guaranteed. I'd definitely recommend speaking to this team, and I would do so again in future if I had this need for speed again. Many thanks Charlotte!
The service was easy to use but they couldn't get to the figures we required. Fast and responsive with no pushy sales
Came back to me in a timely manner with a price
Abbie wills was absolutely amazing! Throughout a journey of ups and downs she has been the one to be chasing both sides of solicitors making sure we had a quick sale. Customer service Abbie has provided has been absolutely outstanding. Would recommend highly.
Why sell your house to us?
We’re one of the leading buyers of residential/commercial property and land in England and Wales. We buy using our own cash facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.
|Your options||Average sale length||Typical cost to you|
|The Property Buying Company||2-3 weeks||£0.00|
|Other House Buying Companies||2-10 weeks||£1000|
|Property Auction||6-10 weeks||£2500-£5000|
|Online Estate Agents||16-52 weeks||£1000(upfront)-£5000|
|Estate Agents||16-52 weeks||£5000|
Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.
The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers
Properties bought by us for cash in
the last 2 years
Of our own money spent buying
property for cash
Average time taken from initial offer
We'll beat any genuine cash offer!
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