Selling Development Land Quickly for Cash
The UK is a small island where land is finite and a rare commodity. Following the recent influx of net migration into the country, there continues to be an increased demand for housing in the UK with a limited supply. This has meant land values have increased in value over the last few decades, however whilst residential and commercial development land has increased in value over the last few decades, the price per acre has taken a drop in value following the financial meltdown seen in 2007.
Selling residential development land quickly is no easy task as usually we are talking about a large lot size with restrictive buyers or developers who would be interested. Obtaining finance through high street lenders is notably difficult following the recession and if you are an investor or even property developer, you will need to have 50% of the deposit to acquire development fast.
These days there are very few developers or investors who would stump up the 5o% deposit to buy residential development land (or commercial development land) fast, this has subsequently meant there has been a limited about of land trading hands between owners and developers and this has subsequently lead to a reduced number of properties been developed in the UK, which has created a massive housing shortage in the UK. Selling development land quickly is therefore difficult to achieve and has resulted in few houses been built which has lead to unprecedented house price increases, purely down to low supply and high demand for properties.
Read / watch this documentary on the BBC about housing shortages in the UK, the National Housing Federation estimated that 974,000 homes were needed between 2011 and 2014, the figures however showed that only 457,490 were built, not even half of the allocation which was needed!
Selling Residential and Commercial Land Fast – What is the Solution?
We have established there is a growing shortage of properties for the UK public, the issue however is there are restrictions in place by high street / mortgage lenders which means there is a liquidity issue in the market. In simple terms, unless you have a substantial deposit the lenders wont entertain you buying development land.
There is now a market leading solution to sell your residential or building land fast, taking away the need to borrow money from a mortgage lender. The solution is to instruct a property buying company like Good Move who specialise in buying building land fast, whether is be for houses, flats or even commercial uses. Good Move is an established chartered surveying firm which is regulated by the RICS (Royal Institution of Chartered Surveyors) and the NAPB (National Association of Property Buyers).
Good Move have for many years been able to buy residential development and building land quickly as they purchase land for cash which means a quick property sale can be achieved. Not only this, the average time to buy your development land is in as little as 2 weeks! Good Move is ran by qualified chartered surveyors who have experience in acquiring property development land quickly, they understand development appraisals and unlike most investors, Good Move does not rely on a high street lender to buy your land!
If you would like a free consultation and no obligation value of your land, contact Good Move on 0800 8021175. Whilst Good Move don’t pay the full market value for land, we do make fair cash offers in return you can sell your development land quickly, with no hassle and stress free. If you need to sell your commercial land fast too, this isn’t a problem – At Good Move we buy any land fast, regardless of whether its residential or commercial land.
Contact Good Move to receive your no obligation cash offer today!