The low-down on BMV deals
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What does BMV mean?
BMV stands for Below Market Value. If you buy a BMV property you usually pay less than if it was to be sold on the open market. A true BMV deal means you have bought a house which is considerably below market value, sometimes up to 60% off the market value and therefore able to make a profit.
Who sells a BMV property?
Many people need to sell their house fast for cash for various reasons, especially in this current economic climate. Selling houses on the open market could take up to a year and be very costly and time consuming, which results in many people selling their house to a housing investor who can buy their house quickly for a reasonable amount of cash, without charging extortionate fees. Some property investment companies allow you to sell and rent back the property once they have bought your property which solves many peoples problematic situation.
Why do people sell their house for less than the market value?
Many people choose to sell their house below the market value price because they are emigrating or relocating for a new job, inheritance they don’t need or they simply need to sell their house quickly for cash in an efficient manner without being charged extortionate fees.
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Many people are under the misapprehension that once things get as far as being summoned to court, that it is too late to do anything about stopping the repossession of their property. This isn’t true. If you have been given a court date, this generally means you are sufficiently behind with your mortgage repayments. If you receive any correspondence about the repossession of your property, do not ignore them. Try to settle things with your lender before seeking the help and advice of someone who will be willing to buy your house from you. People who specialise in buying properties to stop repossession will work quickly to avoid any further problems for you. Usually, you can have your house sold along with the relevant documentation stating the terms of the sale within a matter of days.
You will generally find that if you are dealing with an estate agent, they will usually set the asking price of a property a lot higher than what it is actually worth. This is, to some extent, because property owners are inclined to have an exaggerated vision of the actual value of their property and, to some extent, because by supplying a more inflated value, they acquire more business. Our experienced property advisors work out the real market value from accurate sales data and other means such as the registry of land records. We then present this report to you.
How fast can you buy my house?
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We can supply you with a reasonable cash offer, usually within twenty four hours. However, you must remember that this is dependant on the type of property and your current circumstances. We will supply you with a free valuation followed by a cash offer. Please do not hesitate to contact us with any queries you may have. We have the ability and the resources to purchase all kinds of property in spite of the condition that it is in. We will purchase any kind of property ranging from freshly decorated modern houses, to houses that are in need of significant renovation.
Stop repossession – Sell your house quickly!
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If you are faced with the prospect of having your home repossessed due to financial difficulty, it may be time to consider selling your house and find a solution to stay living where you are with a rent back or buy back, short term or long term schemes.
The easiest way to stop repossession is to sell your house quickly, although, selling your house or losing your house are both possibilities you’d probably rather not contemplate, so repossession help is something which should be hugely considered. It’s never too late to stop repossession.
There are generally no legal, agents, commissions or hidden fees to pay and the contracts for your house are usually exchanged within anything from 24-48 hours to 4-6 weeks. Most companies work within a few days. Selling your house quickly to an investment company who has a track record of helping people stop repossession, can free you of much of the stress that dealing with repossession causes. When you need help with facing eviction it is very important you use a specialist company who understands how to approach the situation to achieve the best result for you.