If you've got a block of flats that you're looking to sell, it can often mean jumping through endless hoops: Arranging viewings with multiple tenants, worrying them and getting a valuation from an agent, then the marketing - often resulting in lengthy wait times.
If your property is in need of renovation, then it can be even more difficult to find a buyer, with valuers and banks bringing up various issues that you may not even know about ... You may have issues with tenants and tenancy administration that can also be flagged up with so many laws required in lettings.
What's more, figures show that, on average, 1 in 3 property sales made via an estate agent in the UK ends up falling through. Not only does this end up costing you more in wasted time and fees, it can also have a disappointing knock-on effect for your future plans.
At The Block Buying Company, we recognise that there are many people who will say they will buy the building, however many people pull out throughout the process. Not many specialise in only buying residential block of flats and understand all the hold ups that can occur. With 15 years of experience in various property sectors, we understand that tenants can be difficult, problems do arise with buildings, administration does get missed out. All these can cause delays with solicitors, buyers who are nervous and banks.