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How much less do the firms who buy your house fast, actually give you?

Asked on Jul 29 2010, House Prices in Widnes | Report content

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  • Many companies will say "get 90% of your homes value" but in reality they will offer considerably less. 30-40% is not unheard of. Take the lowest possible valuation for your home and then expect to be offered at least 25% less by a house buying company. They might not all be the same but I seriously doubt they would offer anywhere near market value, especially in the currant climate.

    Answered on Jul 29 2010, Report content
  • A maximum of around 80% of the open market value, but in reality it is likely to be around 60-70% in the current market. They basically make a return by immediateley turning the property so the differential is the profit.

    Answered on Jul 30 2010, Report content
  • As the previous answers have said, reality is approx 60-70%. Best bet would be to auction, or to engage a local estate agent and ask them the price to sell in 7 days? then lower it by 5%, assuming that is enough for you to achieve quickly. You may find that by marketing your home at a low entry price via an Open Home event you could achieve higher.

    Answered on Jul 30 2010, Report content
  • Correction in my above post. 30-40% less, not 30-40% of the homes value. So as others have said ~ 60-70% of your homes value. Part exchange is another option to sell your house quickly through buying a new build, although they also would want a difference of 25-30% Good if wanting to upsize property.

    Answered on Jul 30 2010, Report content

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