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Quick house sale - using a cash for homes type company?

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smurfman
smurfman Posts: 3 Newbie
in House buying, renting & selling
Hi there

new to posting, so hopefully i have listed correctly...

We are wanting to move house quickly and have marketed our property with 3 different estate agents from June 2008.

We have now found the house we want and need to sell ours quickly, we originally had a valuation of £82,000 but marketed at £79,950, we had no interest, after 2 more reductions and onto our 3rd estate agents we are now at £69,950.

I was wondering does anyone know who is the best company for buying our house for cash, i have emailed a few of them and awaiting replies.

Is there anyone who has used these types of companies?

any help appreciated, need to move fast! thanks

Comments

  • jenny74
    jenny74 Posts: 497 Forumite
    I wouldn't recommend it... You will be lucky to get £30,000 from these companies.
    I love giving home made gifts, which one of my children would you like? :D :A :D
  • manchestermike_2
    manchestermike_2 Posts: 36 Forumite
    jenny74 wrote: »
    I wouldn't recommend it... You will be lucky to get £30,000 from these companies.

    At the moment they're offering about 60-70% of the true value (i.e. the value you would sell at - not the value it's on the market for)
  • GDB2222
    GDB2222 Posts: 26,213 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    These companies generally offer around one-third off market value as determined by a surveyor. I don't know what your house's market value is, except it's less than £69,950, as you haven't sold it at that price. So, if the correct figure is say £60,000, they'll offer you around one-third less, ie around £40,000.

    Can you afford to sell at that figure?
    No reliance should be placed on the above! Absolutely none, do you hear?
  • smurfman
    smurfman Posts: 3 Newbie
    no, need £59k really, not heard yet but will post when i get replies
  • GDB2222
    GDB2222 Posts: 26,213 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    smurfman wrote: »
    no, need £59k really, not heard yet but will post when i get replies

    Some of the companies will want an up-front fee.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    Change ea price to 63k and see what happens
  • GDB2222
    GDB2222 Posts: 26,213 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    poppysarah wrote: »
    Change ea price to 63k and see what happens

    Yep, or £59k and just insist on no reductions. If there are no buyers at £59k then at least the OP knows where he stands.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • smurfman
    smurfman Posts: 3 Newbie
    Now reduced to £64,950, got viewing tomorrrow (hopefully!) so see what happens, will post any news
  • IHS88
    IHS88 Posts: 74 Forumite
    Smurfman

    If you do happen to shop around with the "quick cash buying companies" avoid the firms that charge upfront valuation fees to enable them to make you an offer.

    Its quite franky a scam to cheat desperate homeowners out of £400 for a survey. They've no intention of buying your property. So be aware.


    Good luck with your viewing!!!
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