Free Phone Number

0800 368 9869

Mobile friendly 020 3923 2322

How to avoid unscrupulous property cash buyers

You’re probably on this page because you’ve been thinking about selling your property for cash. So how do you know which firms you can trust and which companies will try to take advantage of you?  

When you need to sell your property in a hurry, you want a quick sale that doesn’t leave you in financial difficulty. Read on to discover what to look out for. 

Agree a price 

Make sure you get it in writing upfront what the final sale price will be. Some companies may agree to buy your home, then drop the price at the last minute when you’re too far down the line to do anything but accept it. 

Ask to see copies of the survey, especially if the findings affect your offer. 

Watch out for fees 

Read everything – including the small print – before signing on the dotted line. Otherwise you run the risk of getting stung for unknown fees that weren’t clear when you signed up. Never sign an agreement without getting legal advice first. 

Do your research 

Get valuations from a variety of estate agents yourself and then knock around 10% off what they say – it’s probably a fair estimate of what your home is actually worth. Beware of cash property buyers that provide ‘market valuations’ below the market value, as they’ll be looking to make a pretty penny on your investment. 

Ask important questions:  are they a broker (a middleman between you and the buyer)? Are they registered with the National Association of Estate Agents? Do they have professional insurance cover? 

Don’t get tied down 

Shop around the cash property buying firms you’re thinking of using, so you know you’re getting a good price for your home without any unnecessary ties. When you sell your home with Private Property Buyers, there’s no obligation to accept our price. 

But some contracts will tie you into only selling with them, even if someone gives you a better offer. And others will keep you locked in for a long period of time – the maximum for a fast house sale should be between 8 and 12 weeks. Don’t commit early. Wait until all the legal checks and surveys are completed. 

Why use a cash buyer? 

There are plenty of reasons to consider using a cash buyer. Perhaps you’ve inherited a property that you want to get rid of quickly, or you need a fast sale to clear some debt. You could be looking to shift a short lease or unmortgageable home, be suffering from bad health or going through a divorce and want to get out fast. Or maybe you’re relocation or moving abroad. 

Whatever the reason, using a cash buyer like Private Property Buyers can make the process simple, predictable and fast. 

Why choose us? 

At Private Property Buyers we offer you up to 100% of the market value of your home. We won’t lead you on with an aggressive price only to slash it later. Your deal will always go through, so you don’t need to worry about a broken chain and you’ll be free from the drag of hosting viewings. 

We’ve got hundreds of happy customers. We hope you become one of them.

1 Star2 Stars3 Stars4 Stars5 Stars (2 votes, average: 5.00 out of 5)

Leave a Reply

Your email address will not be published. Required fields are marked *