Quick House Sale Companies - Who Are They?
Simply put, a quick house sale company is a business that has the financial ability to offer immediate cash for your property.
Selling your home to a cash buyer simplifies the process, as fewer external factors can interfere and will likely result in a quicker sale.
Using a quick house sale company also has the added benefit of helping you avoid house chains and allows you to sell your house much faster than selling on the open market through an estate agent.
If you sell to cash house buyers, there are no estate agent fees, legal fees, or commissions. However, it’s important to note that they usually only pay up to 70% of the market value of your house.
The fast house sale process is less complex than relying on a buyer with immediate cash funds or a mortgage lender.
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What Does a Quick Sale On a House Mean?
There are several reasons why people choose to use quick house buyers for their property. Here are some of the main ones:
- If you need to sell your house fast, choosing a cash buyer is the quickest way to complete the sale. This is ideal if you want to stop repossession of your house, sell an inherited property, or sell a house after divorce.
- If you don’t want to waste money on fees, selling your property to a company like Property Saviour is a great option. You won’t have to pay fees for solicitors, surveys, valuations, or estate agents.
- If your house is in disrepair, companies that buy houses for cash will still make you an offer. Property Saviour will buy any house for cash, considering any refurbishment costs.
How Quickly Can You Complete a House Sale?
In just 10 days or at a timescale that works for you. We can offer you a short rent-free period post-completion to allow you to move on.
What Are The Benefits Of Using a Cash House Buyer?
There are numerous advantages to using a cash buyer:
No risk of a sale falling through
When the buyer has enough funds for an immediate cash offer, there is less risk of the sale falling through because you don’t have to rely on a mortgage lender to finance the buyer.
No property chain means more certainty.
Opting for a quick house sales company also means you won’t have to deal with a property chain, so you don’t have to worry about your buyer’s house sale falling through and delaying the sale of your house.
Hassle-free, simple sale.
The entire sales process becomes simpler when there is no involvement of a mortgage lender – it’s just you, your buyer, and the solicitor.
According to Rightmove, selling a house can take up to 150 days. However, Property Saviour offers a free cash offer within 24 hours, and the sale could be completed in just two weeks.
Is the quick house sale industry regulated?
No. They are ‘self-regulated’ by the National Association of Property Buyers. However, it is important to note that self-regulation in the quick house sale industry is voluntary.
This is why it is important to select a reputable property-buying company.
The pitfalls of rogue quick house sale companies
We can’t speak for others but here’s how we compare:
A sale that takes a long time, potentially lasting for months.
We’ll complete in 10 days.
There is a lack of transparency when it comes to surveys or valuations.
No fault-finding surveys to reduce the price. Our competitors require surveys because they borrow the money. We view your property and buy.
The offer price can be reduced without explanation and additional costs not agreed upon, such as legal fees and valuations.
The price we offer is the price you will receive. No reductions. No price reductions at the last minute. Sell with certainty and peace of mind.
They will ‘refer’ you to their ‘vetted buyers’ – effectively selling your personal details on for a commission.
We are the buyers. You will deal with one point of contact throughout the transaction and kept up to date.
We’ll ask you for a review.
Make Sure They are a Geniune Cash Buyer!
Ask for proof of funds and liaise with their solicitor to confirm.
Get the Memorandum of Sale
This will show who is the REAL buyer because many of these ‘cash buyers’ will sell your property as a deal to their network of ‘pre-vetted investors’.
Look out for a fault-finding surveyor to come.
Our competitors require a fault-finding survey to ‘borrow’ less from their bridging loan lender, a short-term finance facility. A survey proves they are not a cash buyer because you know that mortgage lenders require a survey. The sale can be delayed.
This survey will highlight ‘faults’ in your property. You will be blamed for ‘not disclosing them’, and their initial offer is reduced to reflect this, hence why we call it a fault-finding survey.
Is the price guaranteed or subject to a survey?
We offer a minimum guaranteed price. If we can improve it, we will after a viewing. The best part is that we agree on the price you will receive.
Are There any Fees?
Many so-called quick house companies charge fees! We will pay £1,500 towards your legal fees and there are no fees payable. Zero.
Alternatives to cash house buyers
Fast house sale isn’t for everyone, so we recommend you do your own research.
Each person’s circumstances are unique, meaning that what may work for one individual might not work for you.
While there are numerous advantages to selecting a quick house sale buyer like Property Saviour.
If you’re seeking to sell your house quickly to address financial difficulties, it may be beneficial to seek assistance from organisations such as the Citizens Advice Bureau, Money Advice Service, and National Debtline.
Likewise, selling your home may not be the only solution if you’re struggling to keep up with your mortgage payments. It’s possible that you could renegotiate with your mortgage lender to make your payments more manageable.
If you’re looking to sell your property swiftly and securely, contact one of our knowledgeable property experts here at Property Saviour. We will be more than happy to assist you.
How long will it take to receive an offer?
You will receive an indicative offer within 48 hours along with proof of funds.
Can Property Saviour buy any property?
Yes, we will buy any residential or commercial property for cash.
Why don’t cash house buyers pay full market value?
Cash house buyers offer less than full market value because we are looking to improve the property and have to factor in a small profit margin just like any other business.