Property valued at £325,000, but £300k is conservative
Agreed purchase price secured at £190,000
£110,000 discount driven by the vendors not wanting to lose their next property – it’s often about timing
33% BMV
Danielle : SMHQ Gloucester
Detatched Bungalow
The Details
A ‘complicated’ relationship breakup prompted the vendor to seek a quick solution
Listed for over £900k just a couple of years before, we conservatively valued this beautiful country-side bungalow at £650k
Some superb rapport building by Danielle resulted in an offer being accepted of just £420k
This is the ideal flip project and the property is now available to purchase at £675k and generating significant interest from both private and supported-living buyers
46% BMV x 2
Anita : SMHQ Hereford
2 Flats Flat 1 45% BMV Flat 2 47% BMV
The Details
Flat 1 was secured last year
Vendor mentioned at the time about flat 2 – price was too high
Vendor and the Hereford team kept in touch
Time worked its magic and this year the vendor agreed to go down to 47% BMV
38% BMV House
Rick : SMHQ Burnley
Terraced House
The Details
2-bed terraced property
OMV around £65k
House secured for just £40k
45% BMV Flat
Andy : SMHQ Birmingham
1-Bed Flat
The Details
Owner originally bought at £190,000
Agreed purchase price secured at £105,000
£85,000 discount driven by motivation, speed, and the right conversation
Free House + £15k
Kofi : SMHQ Kidderminster
3-Bed Semi
The Details
House valued at £210k
Vendor agreed to sell for £130k
Rent from day 1 = £1650 (15% yield)
Used a 90% LTV bridge to purchase
Remortgaged onto a BTL at £157k
End result = No Money Left In, PLUS £15k in the back pocket.
NMLI House
Dan : SMHQ Chester
3-Bed Semi
The Details
Purchase Price £104k.
Market Value (Post Refurbishment) £175k.
Refurbishment Costs £25k.
Should be almost all money out on refinance.
Vendor was looking to move quickly to remote location. Already had quotes from other house buying companies.
SMHQ Chester (Dan) offered more than the competition, generating a win-win. Lesson = don’t be too greedy.
Vendor was over the moon.
23% Instant BMV
Andy : SMHQ Rotherham
3-Bed Bungalow
The Details
Vendor called in to SMHQ
Enquiry was triaged by the sales team and vendor agreed to a 23% BMV purchase price
Bungalow valued at £252k
Purchase price of £194k agreed
Vendor emphasised from the first call that they value certainty and a fixed offer that wouldn’t change later. In exchange, the vendor was happy to give a 23% discount from the start
Both sides stuck to their agreement a real win-win
