Offer to buy - investment company

walor

I have just been approached by an investment company who are offering to bid for my property which is currently on the market.

Does anyone out there have experience of such an approach and if so, how did things work out?

I suspect that their bids would be substantially below asking or market price but just curious for feedback.

walor

poppysarah

I think you're right.

Depends how desperate you are to sell.

poppy10_2

They offer as little as 50% of the asking price, and expect you to pay a non-refundable fee up front. Avoid.

googler

Their bid WILL be far below market value.

Ask them to put their bid in as a written offer to your agent. If you don't like it, reject it.

V.Lucky

We were approached a few years ago, as the house to the left behind us was up for sale and he had approached them. They wanted to look at buying 4 houses (including ours), as we all have quite a bit of land, and would knock them down and build quite few houses on the plot. Our houses are large and expensive, and I told the Invest Co that I couldn't see how they could make any money out of the venture. Only the one house was on the market, the rest of us weren't.

Sure enough, after around 3 months of negotiations, they came back and said it wasn't viable with the prices our houses are.