CALL: 1300 812 008
We assess your property to determine its suitability for subdivision and work with you for a mutually beneficial outcome – without the need for a reverse mortgage. Cash For Your Backyard undertakes all the work and pays you upon the second title being granted. This usually takes about 14 months.
Cash For Your Backyard operates all over Melbourne including Ringwood, Rosebud, the Mornington peninsula, parts of Geelong and the Bellarine peninsula.
Selling your Backyard to Cash For Your Backyard can enable you to fully pay out any existing mortgages you may have as well as provide you with enough cash to fund your dream retirement with no loans or interest owing.
Cash For Your Backyard will liaise with you on a regular bases and keep you and your legal representative up to date on the progress of the project. There will be 3-4 initial site visits by specialists such as architects and surveyors. We will pre-book these with you and arrange a time that suits you best so as to be minimally intrusive to you. The process from beginning to completion usually takes 12-14 months approximately pending council approval.
Cash For Your Backyard offers a no-obligation assessment and site visit to discuss if selling your backyard might be a suitable option for you. Should you choose to proceed, Cash For Your Backyard will incur all costs associated with subdividing your property into 2 lots and creating a portion of land in your backyard that can be sold while you retain the existing home on a smaller block of land. You will need to engage your own legal representation at your own cost. This is usually between $1,000 to $3,000. Rather than coming up with this fee upfront you can usually negotiate with your solicitor so that this fee is paid from the cash paid to you from Cash For Your Backyard at settlement.
The value of the portion of land that you wish to sell is determined by the current property market. In summary if you wish to sell 1/3 of your property, then the value is approximately 1/3 of the total property value allowing for development and subdivision fees