The real estate market may be boiling, but the recovery has not yet been confirmed and remains favorable for buyers. Properties that need work or are over a certain budget may remain on the market for several months. While it currently takes an average of three months to sell a property, it can take much longer.
Not selling can cause anxiety, especially when you have taken out a bridging loan to buy a new property and time passes. The same goes for people who have to sell to pay inheritance tax or who, after a divorce, are waiting to be able to leave.
One of the possibilities is to contact instant sale specialists. The principle is the following: a platform estimates the price of the property to be sold and makes an offer within a few days (forty-eight to seventy-two hours). Unlike an individual who can withdraw after ten days, the platform does not have this possibility as a company.
A high percentage
Furthermore, this offer is made without a credit suspension clause, which eliminates the risk of the project failing because the buyer has not obtained credit two months after signing the purchase and sale contract. Inspired by the American Open Door, the French players (Dili, Imotreso, Vendez votre maison, etc.) who launched instant sales were tested by the slowdown in the real estate market and, for some, modified their services. . In fact, its economic model is based on the rapid purchase and resale of goods, which was no longer possible in recent months.
Homeloop is the only player continuing to operate following its acquisition in 2022 by Benedic Immobilier, a Moselle family group. When contacted for a sale, Homeloop begins by making an estimate of the price of the property to sell in consultation with the seller. “We have very precise criteria and we know the real estate market perfectly to set the right price”says Vanessa Benedic, CEO of Homeloop.
Once the sale price is set, the platform buys at a 15% discount on its remuneration and the risk assumed. The seller thus recovers the sum reduced by this percentage, which is high compared to the fees of a traditional real estate agent, whose fees range between 3% and 5% of the value of the property. Another obstacle: Flash sales don’t work everywhere. “We make proposals to repurchase properties that have a certain liquidity”says Vanessa Benedic. A well-located apartment in Paris or Lyon may interest Homeloop, but this will not necessarily be the case in smaller cities.
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