A property seller advance is a type of financing that is offered to individuals who are selling a property. It is a form of bridging finance that provides a cash advance to You (the seller) before the sale of the property is completed.
The drawcard of a property seller advance is that we unlock a portion of the proceeds from the sale of the property to You before the sale is finalized. You can use this cash advance to cover expenses related to the sale, such as settling arrear rates, moving costs or other bills.
The amount that is advanced is typically a percentage (85%) of the expected sale price of the property, and the advance is repaid when the sale is completed. The interest rates on property seller advances can be higher than traditional loans due to the higher risk involved and the shorter loan duration. We offer a competitive daily rate and there are no hidden fees or admin charges.
Property seller advances can be useful for you if you are selling your property and need cash quickly to cover expenses – whatever they may be. It is important to carefully consider the terms and conditions of any property seller advance before accepting the offer.
