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Bedfordshire
What is whitehot property all about?
In collaboration with our parent company, movewithus, we value these properties accurately to sell, not to make vast profits for the sellers. Once valued, we label each sale a ‘whitehot property’ and add them to this website for you to browse.
How is a whitehot property different to a regular property sale?
'whitehot property' is a term that describes a very specific type of property sale. Every property on this site adheres to strict criteria:
- We are under instruction from our homebuilder and lender clients to sell each property quickly and we price them with this in mind. This means that buyers can be sure that they’re not overpaying when they buy a whitehot property.
- Every property is a part exchange or repossession which is being sold on behalf of a home builder or a lending institution. This means that buyers don’t have to worry about long, drawn out sales chains.
Bottom line - if it’s not chain-free and realistically priced, it’s not a whitehot property!
Where do whitehot properties come from?
whitehot properties come from two sources - property developers and lending institutions. When a buyer purchases a new home from a developer, their existing property is often used as part-payment through a part-exchange scheme, leaving the developer with the buyer's old property after the transaction has been completed. Building Societies and other Mortgage Lenders acquire property through repossession, prepossession and probate transactions.
Through our close relationship with our parent company, movewithus, we work with developers and lenders to sell these properties.
Why are they attractive to buyers?
whitehot properties are particularly attractive for the following reasons:
- They are realistically priced and represent some of the best deals on the market.
- The uncertainty of property chains is eliminated as the buyer is purchasing directly from a financial institution, not another home-mover.
- They often come with fantastic additional incentives such as stamp duty paid or discounted legal fees.
