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Are quick cash sale companies safe to use and who would you recommend?

Asked on Oct 12 2010, Selling in Liverpool | Report content

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  • Companies who buy your house for cash quickly will not give you market value for your house. They will offer around 25% less, if that is acceptable for you then there are many. But I wouldn't advise it unless you are absolutely desperate to sell. If you opt for selling with one of these companies, make sure they are regulated.

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    Answered on Oct 12 2010, Report content
  • There is very little need to use a quick cash sale company as they will normally be 30 - 40% off open market value, if you need to sell quickly price think auctions or price it slightly under market value and find a buyer who can exchange in 28 days. If it is a case you want to rent it back, approach an estate agent with a lettings division, as if a landlord a can pick up a bargain with a ready made tenant it will also happen quickly.

    Answered on Oct 12 2010, Report content
  • I agree with the other two answers, they exist and as long as your understand their terms they will buy your house. Generally they pay around 70% of market value (it depends on which area of the country you are in) and then simply re-sell the house at full market value and the difference becomes their profit. They will exchange quickly however. Auctions are often a better method to consider as this serves to set a minimum price -probably higher than such a company but doesn't inhibit the maximum. The sale is exchanged on the day and done in 4 weeks, a similar timescale. Or ask a local agent for a ' 4 week sale' price. I agree with the first answer if you are going to use one do make sure they are regulated.

    Answered on Oct 15 2010, Report content
  • Quick sale companies are safe to use, but make sure they are members of the NAPB (The National Association Of Property Buyers) and/or TPO (The Property Ombudsman). These organisations are here to promote good practice within the industry, and they have good track records! I made a little guide a while ago explaining how the whole process works (for the new and curious). I hope that gives a little insight into how they are run, and how they produce an offer for your property. I'll pop the PDF link below so you have a read. These are also questions that you should be asking when selling your home: - Do you buy property yourselves or are you buying on behalf of others? - Is it a cash purchase or are you raising a mortgage against my property? - Are there any fee's involved? - Do you carry professional indemnity insurance? - Do you have a complaints procedure? You should ask yourself these questions after talking to a few quick sale companies, such as: - Are they prompt and courteous when they get back to you? - Do they explain everything thoroughly and answer your queries clearly? - Do they confirm their proposal in writing? - Do you feel that this is a company you would want to do business with? Hope this helps you or anyone else looking to use a quick sale company.

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    Answered on Sep 30 2014, Report content
  • I buy property from people who want a fast cash sale or want to sell property quickly. I mainly buy in Liverpool and Manchester area and usually give about the same as what it would go for at auction. Which is about 85 to 90% of it's value. I always ask people to get their own valuation though so they don't think I am offering too low. It's about being fair, especially if it's a family who need to sell fast.

    Web reference: http://Sell my house fast cash buyer

    Answered on Jan 15 2016, Report content
  • My sister and I jointly owned a house in Aintree, that we purchased as a rental back in 2001. We chose to use a quick cash company and phoned about 6 in total. Zoopla said my house was worth £122,000 and the offers from the quick cash sale companies ranged from £80,000 to £100,000. We went with a firm called Home House Buyers as they were the only one that was willing to come and see the property. They offered £100,000 and said they would pay our fees and complete within three weeks. It completed a few days over three weeks they promised but apart from that we were happy.

    Answered on Nov 29 2016, Report content

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