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Selling to investor

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boring1
boring1 Posts: 69 Forumite
Debt-free and Proud!
in House buying, renting & selling
Hi
I have a feeling that somebody is going to make an offer on our house and then rent it out.

Are there any risks involved in selling to an 'investor' rather than somebody who is actually going to live in the house?

Any advice greatly appreciated.

Thanks xx
«1

Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
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    Ensure the process keeps moving. Don't lose momentum. Investors are prone to be game players.
  • boring1
    boring1 Posts: 69 Forumite
    Debt-free and Proud!
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    I suppose that is what is worrying me - they are 'professionals' doing this all the time - and know how to play the game. I don't want to be hoodwinked!!
  • buggy_boy
    buggy_boy Posts: 657 Forumite
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    As long as they have the money in place an investor can be a good buyer.. No chain and having done it before can make it smoother. How do you think you are going to be hoodwinked? You presumably will have a solicitor and so will the buyer... So its not like buying a car, there are certain processes that need to go through and your solicitor will protect you from anything suspect.
  • agatham
    agatham Posts: 30 Forumite
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    When you say Investor do you mean "Builder?"
    . Please clarify.
  • DCFC79
    DCFC79 Posts: 40,598 Forumite
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    edited 6 March 2018 at 1:08PM
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    As long as you get paid, the process isn't delayed then what is there to be concerned about.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
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    Biggest concern now would be them changing their mind


    http://www.propertyindustryeye.com/warning-of-rent-hikes-and-exodus-of-small-private-landlords-as-tax-changes-bite/
  • boring1
    boring1 Posts: 69 Forumite
    Debt-free and Proud!
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    agatham wrote: »
    When you say Investor do you mean "Builder?"
    . Please clarify.


    Well they said they have about 5 properties in the area they rent out - don't really think they are builders per se.
  • phill99
    phill99 Posts: 9,093 Forumite
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    None at all.


    There money is as good as anybody's
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • Akahotpot
    Akahotpot Posts: 155 Forumite
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    I agree with with Thrugelmir
    A cash buyer for my house just fell off the radar when it came time to exchange
    I bet he had offered on a few properties and was "playing the game"
    V frustrating
  • boring1
    boring1 Posts: 69 Forumite
    Debt-free and Proud!
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    Thank you - the EA said he has dealt with her before so presumably that went smoothly - but who knows!

    Coming back tomorrow for 2nd viewing.
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