How much does Vivo pay?
BEST RATED FAST PROPERTY BUYER ON
BEST RATED FAST PROPERTY BUYER ON
To guarantee a fair and accurate offer, we start by carrying out in-depth research to value your home on which the initial offer is based.
The following 3 steps are followed for each and every property that comes our way:
Our team will start by valuing your property with readily available information such as; your property type, size and condition, what similar houses in the area are selling for, how the local market is performing and property history.
The RICS Valuation is carried out by an independent qualified surveyor part of the Royal Institute of Chartered Surveyors. They will visit your home at a convenient time for you and will carry out a professional Valuation on site.
Once the Online Valuation and RICS Valuation have been completed, we review all the information together with any further information obtained from the seller and carry out our final due diligence.
When selling your property directly to Vivo, you’ll benefit from the full Vivo package. Of course, the price is important, but so are the extra benefits too:
In return for a speedy, secure sale, Vivo pay:
And not to forget, the team is here to support and advise you, and to keep you informed every step of the way. Communication is key.
At Vivo, we promise that:
By having Vivo buy your house, not only is it fast but it can save you money in the long run. In order to conduct a quick sale we offer 85% of market value. But with the slow nature of the property market, you can actually get more for your money, faster with a lot less hassle!
| Sales process | 6 months Open market | 7-14 days Vivo Property Buyers |
|---|---|---|
| Market value (advertised price) | £200,000 | £200,000 |
| Agreed price (average 5% discount) | £190,000 | £170,000 |
| Final price after post-survey negotiation (average 3% discount) | £184,000 | £170,000 |
| Estate agent fees (2% + VAT) | £179,877 | £170,000 |
| Solicitor fees (average £2,000) | £177,877 | £170,000 |
| Cosmetic repairs to property | £176,877 | £170,000 |
| Council tax & utility bills (£400 per month) | £174,477 | £170,000 |
| Monthly mortgage repayments (£1,100 per month) | £167,877 | £170,000 |
| Gas safety certificated | £167,777 | £170,000 |
| Risk of sale breaking down | High risk | Secured sale |
| Final Price 167,777 | Final Price £170,000 |
Estate agents work in a highly competitive industry. Understandably some can often overvalue properties to win the business and have a chance at selling your property.
Online property valuation tools often give false hope. They use online data to place a value on your home, which generally includes sold prices of similar properties in your area and market conditions. Much more needs to be kept in mind when valuing a property, data which is not readily available online such as:
RICS qualified surveyors (Royal institute of chartered surveyors) are entirely impartial. They have no benefit in under or overvaluing your house. It is their profession and responsibility to value your property accurately.
A valuation is always an estimate. This is never set in stone. A property is only ever worth what someone else is willing to pay for it.
Vivo Property Buyers is the trading name for Potrell London Ltd, The Ashridge Business Centre 121 High Street, Berkhamsted, Hertfordshire, HP4 2DJ.