How does we buy any house work?
Understanding the process of ‘We Buy Any House’ companies can be helpful if you’re looking to sell your property quickly. These companies offer a fast, hassle-free alternative to traditional estate agent sales. Let’s take a closer look at how Property Saviour, a reputable cash house buyer, operates in this space.
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What is a ‘we buy any house’ company?
‘We Buy Any House‘ is a generic term that is used to describe house-buying companies also known as companies that purchase property for cash, drastically reducing the amount of time it takes to sell.
These companies offer a quicker turnaround than estate agents; a few have even adopted the phrase as a business brand. We Buy Any Home, and We Buy Any House are companies that use the phrase in their branding. ‘We Buy Any House’ company describes the activities of a property-buying business that will purchase your home for a cash value, with a very quick turnaround that estate agents or auctions can’t match.
A property-buying company like Property Saviour is one of these businesses. We offer a quick sale method that enables you to sell your house for cash, with lots of real seller reviews and support throughout the process.
Many of these so-called ‘cash buyers’ are borrowing money from lenders, which means delays with two estate agents coming around your house to ‘survey’ and lenders changing their minds if a property is deemed unmortgageable. So it is important to look up this information on the Companies House website. Look out for charges against their company, and all will be revealed.
If you need certainty and speed then you need to deal with a genuine cash buyer such as us.
How Does We Buy Any House Work?
“We Buy Any House” companies have revolutionised the property market, offering a swift solution for homeowners looking to sell quickly. These firms promise to purchase any property, regardless of its condition or location, often completing transactions in as little as seven days.
According to a recent survey by the National Association of Property Buyers, 85% of sellers reported satisfaction with the speed of the sale process when using “We Buy Any House” companies. Additionally, the Homeowners’ Alliance found that 45% of sellers choose these quick sale companies because they are more approachable and easier to deal with than traditional estate agents.
These companies operate on a straightforward model designed to simplify the selling process for homeowners. Here’s a breakdown of their typical approach:
What is the initial contact process?
The journey begins when a homeowner reaches out to a “We Buy Any House” company. This can be done through their website, over the phone, or by filling out an online form. The initial contact is usually brief, requiring only basic information about the property.
How is the property assessed?
Following the initial enquiry, the company will conduct a preliminary assessment of the property. This may involve asking the homeowner questions about the property’s condition, location, and unique features. In some cases, a representative may visit the property or conduct a virtual assessment.
What happens during the offer stage?
Based on their assessment, the company will make a cash offer to the homeowner. This offer is typically lower than the market value of the property, reflecting the convenience and speed of the sale. Homeowners can choose to accept, negotiate, or decline the offer.
How long does the process take?
One of the main attractions of “We Buy Any House” companies is their quick turnaround times. Here’s a typical timeline:
- Initial contact: 1-2 days
- Property assessment: 1 week
- Offer presentation: 1-3 days
- Completion of sale: 2-4 weeks
Our ‘We Buy Any House’ Process
Here is how simplified process works:
Initial Contact
The journey begins when you reach out to Property Saviour. You can fill out a simple online form or give us a call. We’ll ask for basic information about your property to get started.
Property Valuation
Once we have your details, our team will conduct a thorough assessment of your property. We use advanced valuation software and market data to determine a fair offer. Unlike some companies, Property Saviour doesn’t send estate agents to your home for valuations, ensuring a quicker and more discreet process.
Cash Offer
Within 24-48 hours, we’ll present you with a no-obligation cash offer. This offer is typically below market value, reflecting the speed and convenience of the sale. However, Property Saviour prides itself on offering competitive prices.
Acceptance & Legal Process
If you’re happy with our offer, we’ll move forward with the sale. Property Saviour will handle all the sale progress keeping you informed throughout. We’ll even contribute £1,500 towards your legal fees, making the process even more cost-effective for you.
Completion
Property Saviour can complete the purchase in as little as 10 days, or we can work to a timeline that suits you. On completion day, we’ll transfer the funds to your account, and the sale is finalised.
What are the legal considerations?
When dealing with “We Buy Any House” companies, it’s essential to understand the legal aspects of the transaction. Here are some key points to consider:
- Contracts: Always read the contract thoroughly and consider seeking independent legal advice.
- Cooling-off period: Check if there’s a period during which you can change your mind without penalties.
- Fees: Be clear about any fees or costs associated with the sale.
What types of properties do these companies buy?
We Buy Any House companies typically purchase all types of residential properties, including:
- Houses
- Flats
- Bungalows
- Terraced houses
- Semi-detached houses
- Detached houses
We often buy properties in any condition, from pristine homes to those needing significant repairs.
Are there any potential drawbacks?
While “We Buy Any House” companies offer a quick and convenient solution, there are some potential downsides to consider:
- Lower offers: The cash offer will typically be below market value.
- Varying reputations: Not all companies are equally reputable, so research is crucial.
- Pressure tactics: Some less scrupulous firms may use high-pressure sales techniques.
How do these companies compare to traditional estate agents?
| Aspect | We Buy Any House | Traditional Estate Agent |
|---|---|---|
| Speed of sale | 7-28 days | 2-6 months (average) |
| Offer price | Below market value | Market value (potentially) |
| Fees | Often no fees | Commission (typically 1-3%) |
| Certainty of sale | High | Lower (chain-dependent) |
What percentage of market value do these companies offer?
We Buy Any House companies typically offer between 70-85% of a property’s market value. This lower price reflects the convenience and speed of the service. Here’s a comparison of potential offers:
| Property Value | Typical Offer |
|---|---|
| £100,000 | £70,000 |
| £200,000 | £140,000 |
| £300,000 | £210,000 |
Why Choose Property Saviour?
Property Saviour stands out in the ‘We Buy Any House’ market for several reasons:
- We’re genuine cash buyers, meaning no delays from mortgage lenders or bridging loans.
- We don’t send estate agents to value your property, ensuring privacy and speed.
- Our price promise guarantees that the offer we make is the price you’ll receive, with no hidden deductions.
- We offer flexibility, allowing you to complete in 10 days or at a timescale that works for you.
How to tell if ‘we buy any home’ company is a scam?
There are seven tell-tale signs to identify a scam. These include:
- An offer that’s too good to be true often close to market value;
- Estate agents being sent around to ‘value your home’ almost certainly indicates that they may be buying with a bridging loan
- Exclusivity agreement that enables them to flip your property or advertise it online for others to buy.
- Insisting that you use ‘their recommended solicitors’
- Faceless reviews on their websites.
- Your research into their financial affairs—does their company show a list of charges on Companies House?
- Have they introduced delays or started giving you excuses? If so, walk away now.
Why should I use a ‘we buy any house’ company?
If you are not in a hurry, we recommend selling via an estate agent to get the best price. However, it can take several months to agree on a sale, and then there’s a frustrating and complex conveyancing process.
If your circumstances change, you may wish to consider a ‘we buy any home’ company. Here at Property Saviour, we promise a 10-day sale for any freehold residential property. If you need more time to find your forever home, we will work within your timescale.
Using a ‘we buy any home’ service, you won’t achieve full market value, but it can work in these scenarios:
- You wish to sell without being stuck in a property chain;
- You have been let down, and the sale has fallen through;
- Your house has been on the market for a long time with no offers;
- You need to stop a repossession;
- You prefer a private and discreet sale.
Here at Property Saviour, we are transparent and ethical and have many legitimate reviews. If we do what we promise, we hope to win your review.
Always be careful of companies with thousands of reviews. Either they are left after an initial chat, or reviews have been bought online to deceive you into trusting them.
What are the advantages of using a We Buy Any House service?
• Speed: Sales can complete in as little as 7-14 days
• Convenience: No need for repairs, renovations, or staging
• Certainty: Avoid property chains and reduce the risk of sales falling through
• No fees: Most companies cover legal fees and don’t charge for their service
• Flexibility: Choose your own completion date
Can I still use a We Buy Any House service if my property is in poor condition?
Yes, most We Buy Any House companies purchase properties in any condition. This can be particularly helpful if your property needs significant repairs or renovations that you’re unable or unwilling to undertake.
What should I be cautious about?
While many We Buy Any House companies are legitimate, it’s important to be aware of potential risks:
- Two estate agent valuations: Usually means they need to borrow money as property needs to be mortgageable
- Lowball offers: Some companies may significantly undervalue your property
- Last-minute price reductions: Be wary of companies that drastically lower their offer just before completion
- Research the company thoroughly. Are they borrowing money to buy your home?
- Ask for proof of funds to ensure the company can follow through with the purchase
- Be wary of companies that require you to sign long exclusivity agreements
- Understand that while the process is quicker, you’ll likely receive less than market value for your property
What are the advantages & disadvantages of using a ‘we buy any house’ company?
If you need a quick, easy and stress-free house sale, these are some of the advantages and disadvantages of using ‘we buy any house’ companies:
Advantages | Disadvantages |
Ease. Effortlessly sell your home online by filling out the enquiry form, waiting for our callback, sending us photos, and getting an offer, usually in 48 hours. Any genuine ‘we buy any home’ company should be able to provide you with proof of funds to confirm their status as cash buyers. | You won’t get full market value compared to selling via an estate agent. A typical property-buying company will pay you 70% of the value of the property. They will have 10% transactional costs, including holding costs such as bills, insurance, stamp duty, solicitor fees, and resale estate agency fees. Their profit margin will be around 20% before tax. |
Speed Sellers who need to unlock equity tied up in their property love the speed at which transactions can be done compared to a buyer who needs a mortgage. It shouldn’t take more than 2-3 weeks to buy any type of property, compared to months with a typical buyer. | Not all cash buyers have the cash, as roughly 80% of them ‘borrow’ the money via a bridging loan. Ask for proof of funds and do your own due diligence by checking if they have charges on the Companies House website. |
Certainty In a world of uncertainty, the last thing you need is an uncommitted buyer. Here at Property Saviour, there are no delays or excuses. There are no last-minute surveys, price reductions or false promises. Agree on a price, receive a formal offer with proof of funds, get your solicitor to send our solicitor the contract, and finally start counting down. We’ll complete in 10 days for residential property and 15 days for commercial property—or at a timescale that works for you. With Property Saviour, the price agreed is the price you will receive. | Anyone with a website can claim to be a cash buyer. Their primary tactic is an offer too good to be true up to 90% of the value; some even offer 100% of the value! You have to ask yourself, how can they make a profit? They will make you sign an exclusivity agreement, either try to sell your property online or introduce delays to better understand your motivation. Then, after months of delays and just before the exchange of contracts, they will reduce their price! |
Convenience Have you ever paid more for groceries because you shopped at a 24-hour local convenience store? Sellers sell us all sorts of problem properties — those with complex title issues, relationship breakdowns, neighbourly disputes, properties with subsidence, problematic tenants, illness, rogue letting agents, and non-compliant and unsafe houses. | Most property-buying companies want to have their cake and eat it. They wish to purchase property at a discount, but only if it is mortgageable. Hence, why will ‘two estate agents’ call around to ‘value your house’? It makes you wonder why these cash buyers can’t buy with cash. Because their lenders only lend against mortgageable properties, which may explain their tactics. |
Can I sell a property with problems?
Yes, Property Saviour buys properties in any condition, whether they have structural issues, problem tenants, or other complications.
Will I get market value for my property?
‘We Buy Any House’ companies offer below market value around 70%. However, Property Saviour strives to provide competitive offers, balancing fair pricing with the speed and convenience of our service.
Are there any fees involved?
Most reputable We Buy Any House companies don’t charge fees for their service. They make their profit from the difference between the purchase price and the property’s market value. However, always check the terms and conditions carefully before proceeding.
Property Saviour doesn’t charge any fees for our service. In fact, we contribute £1,500 towards your legal fees.
Ready To Sell?
Property Saviour stands out among ‘We Buy Any House’ companies for several key reasons. Unlike many competitors, we are genuine cash buyers, meaning we don’t rely on borrowing or bridging loans to fund our purchases. This allows us to complete transactions quickly and reliably, often within 10 days of receiving contracts. Our commitment to transparency is evident in our Price Promise – the offer we make is the price you’ll receive, with no hidden deductions or last-minute changes.
We pride ourselves on our personalised service, ensuring you deal directly with the buyers throughout the process. There are no estate agents involved, no surveys to worry about, and we even contribute £1,500 towards your legal fees. Our approach has earned us numerous five-star reviews from satisfied sellers, a testament to our dedication to customer satisfaction.
At Property Saviour, we understand that selling a property can be stressful, especially when you need a quick sale. That’s why we’re committed to making the process as smooth and straightforward as possible. Whether you’re dealing with an inherited property, relocating, or facing financial difficulties, we’re here to help. Why not get in touch today and find out how we can assist you? Request a call back from our team, and we’ll provide you with a no-obligation cash offer within 48 hours. Let us show you how easy and stress-free selling your property can be.
Sell with certainty & speed
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers. There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay £1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you. You are in control.
