DEVELOPMENTS
From land to existing dwellings; we work closely with vendors to unlock a plot's full potential.
Each project is different and, at Really Fab Homes, we partner with local developers and professionals to ensure the best outcome when analysing and delivering each project.
Our main objective is to tackle the current housing crisis by acquiring empty or underused properties, developing them and putting them back on the market.
HOW CAN YOU HELP?
If you spot an empty or visibly run-down property in your neighbourhood, you can get in touch with us and share as much information as possible.
We do want to approach as many landlords as possible to unlock the potential of their property while bringing value to the community.
Your help can bring significant benefits to your neighbourhood.
Statistics & Facts
What estate agents do not tell you
Fall through rates
Approximately 35% of property sales in the UK fell through in 2023, with 19% of these failures attributed to chain breaks.
Being part of a property chain means that the progress of a sale is contingent on multiple linked transactions. Delays or issues in any part of the chain can halt the entire process.
People needing to sell to purchase their dream career elsewhere could be having serious issues if the sale falls through close to completion.
Selling with estate agents
Some agents deliberately suggest a higher asking price to attract sellers and secure the exclusivity.
If a property is overpriced, it can sit on the market for too long, making buyers suspicious that something is wrong.
Eventually, sellers may have to lower the price, often below market value, to attract buyers, therefore devaluing your property.
General statistics
Over 4,400 residential properties were repossessed in 2023 and data from 2024 shows an increase compared to 2023 figures.
Mortgage arrears in the 4th quarter of 2024 totalled to 92,170 with 12,610 being buy-to-let mortgages.
17% of divorces are delayed due to negotiating and finalising financial agreements. This translates to higher lawyer bills and ultimately a longer wait for both parties to move on with their lives.
Why we stand out
Traditional methods VS Really Fab Homes
Time Frame
Sales through estate agents take on avarage 6 to 12 months.
VS
We aim to complete in 4 to 6 weeks.
Sale Fees
Estate agents charge on average 2% of the sale fee.
VS
With us, no middle man = no fees!
Repairs
Ahead of viewings, some repairs are more likely needed. £500-£2000
VS
No need of repairs! We buy in any condition.
Staging
Staging for marketing and viewings can cost £500-£1500
VS
We need only pictures of the property as it is.
Surveys
To be compliant you need to organise surveys. £500-£1500
VS
We organise this our end.
Legal fees
Solicitor and coveyancer fees. £1000-£2000
VS
We are part of a large network of property professionals. We are likely going to cover this cost.
Certainty
35% of sales fall through due to chains, last minute renegotiations etc..
VS
Once agreed, the sale will go through as fast and seamlessly as possible.
Rates
If selling to buy another property, after 6 moths you need to renew you mortgage in principle. If interest rates have gone up in the meantime, the monthly cost can cost you thousands.
Our Company Ethos
BUYING: At Really Fab Homes, we specialise in assisting homeowners to navigate the complexities of selling their properties, particularly when time and certainty are of the essence.
DEVELOPING: We aim to tackle the housing crisis, transforming empty or underused dwellings into safe, energy-efficient homes across the UK, through transparent partnerships and planning-led delivery that benefits residents and communities.
SERVICED ACCOMMODATION: We aim to provide the most authentic and stress-free stay to all our guests. Quality and pride are the core ingredients in what we do. Guests oriented and very hands on we are available 24/7.