RedSofa.com
a fresh approach to property

Benefits

Benefits of a guaranteed sale as provided by RedSofa

Break property chain
By securing a purchase on your house, you can break a lengthy property chain, that is one less thing to worry about.

Sell your property first and become a cash buyer
By selling your current property before you purchase your next one, you become a cash buyer. This can help you become the preferred bidder for a high demand property as you have no chain to rely upon.

Secure your dream home at substantial discount
Cash buyers can usually negotiate substantial discounts as they can move very quickly, this could save you thousands or even secure your dream new-build home.

Sell and rent back
If you are ideally looking to stay in your property then we can arrange for you to rent this back at an agreed rent, so you don't have to move out. We can offer very flexible terms, depending on your situation. No one even has to know that you have sold your house!

No fees
We pay for all fees in relation to the purchase of your property, so there are no hidden charges.(Please note: this does not include any penalties for redemption of your mortgage)

Legal fees paid
Your legal fees will be refunded up to a maximum of £500. If your solicitor quotes higher than this, then we can source a better quote for you so that you shouldn't have to pay anything.

Guaranteed offer
Once we have provided you with a formal offer we guarantee to purchase your property (subject to a structural survey). See our Purchase Guarantee. In rare circumstances we may not make an offer to purchase, we will explain why this is, and assist you in finding someone else who may be interested in purchasing it.

Flexibility to suit you
We are a solution provider therefore the whole process has to suit you, this will be clearly outlined with the property report. We will endeavour to tailor the purchase to your personal requirements.

£500 referral fee
We pay a £500 referral fee to anyone who can demonstrate that they have referred a property to us, which we ultimately purchase. The fee is paid on legal completion.

Confidentiality
You don't need to tell anyone that you have sold your house, we will always respect your need for confidentiality should this be important to you.

Fair price
We pay 75% - 90%, dependent on condition, type and location, of the open market value for property and we will ensure that we provide the best solution to your specific needs.

Typical Open Market Sale -

Enter your asking price to calculate the cost using an estate agency
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Selling price £125,000
Offer made - 95% of asking price (source: Hometrack) £118,750
Legal fees (typical costs) (£500)
Agents fees (typically 2.0% + VAT) (£2,790)
Mortgage interest (6 month average @ 6%) (£3,188)
Total average costs (£6,478)
Residual sale proceeds
(90% of original asking price)
£112,272
  We also pay generous
referral fees too.
Refer someone today
and earn £500!

Earn £500!
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