Quick selling

niki07

Hi, Just new to this, wondering if anyone has ever used the quick sale schemes that are on the market, I have a house which I want to sell ASAP, looking to move of the property ladder completely.
I have read on the forum that one person was given a very low valuation for her house, but wondered if anyone has had a good response from these companies.
Many thanks

Doozergirl

They are in the business to make money therefore they have to offer you less than your house is worth - about 70-80%. What your house is worth in the first place is pretty hard to call right now.

If you are keen to see the house sell quickly then I would have three estate agent valuations, drop 15-20% from the average and then advertise your property with an agent for 'offers over' that very low amount. There are people looking for a good price which is almost certainly going to be higher than one of these companies.

Worse case scenario is that you get offered around the same price, the best case is that you'll find people tripping over themselves for a bargain - they will actually bid themselves up to pretty much the right price for your house. There are people wanting to buy but many vendors haven't adjusted their asking prices or their expectations - so those that are well priced, certainly in my area, are getting very quickly snapped up.

'Offers over' if it's a genuinely low price will attract higher offers. You can always say no if it's not what you want.

penguine

From what I've heard of these companies, I think you're better off going to an EA and saying you want a quick sale and need help pricing your property realistically.

Good luck whatever you decide.

helenamy123

hi,

i sold my house recently through a 'buy it quick' company -the one i used didnt buy it themselves but linked me up to a btl investor. An independent valuer came out to house (this was paid for by the investor) - house valued at 90k and i got 60k for it - so two thirds of value at time.

The company also paid my solicitors fees and there was no estate agent to pay - so probably saved 3k or so there.

Once they had found the investor, process took about three weeks in total, company was friendly and professional.

I needed to sell quick for personal reasons and i looked at it this way I could either sell quick and get what i got (and get out), or put house on market with estate agent, wait forever for a sale watching the market drop further and further and then only probably end up getting similar to amount i was offered by company anyway.

Each to their own of course, buy it quick companies obviously there to make money - but so are all businesses - they are NOT all the 'devil incarnate' people would like to believe.

Best wishes and if want any further info please pm me.

helen x

besonders1

I agree that selling it at a reduced price privately somewhere between what the buying companies offer and the price that houses are selling at in your area. I can guarantee that if you price your house reasonably cheaply it would have no problems selling.
I would only use these companies as a last resort, if you do sell this way then you obviously would not get the full market rate otherwise how would they make a profit? Some people must be using them otherwise they wouldn't be in business, I know someone who did this as their granny needing nursing care etc and wanted a quick sale. They were worried that if they sold at say 50% through an EA, the local authority may be suspicious of them thinking that they are selling to a close "friend" etc to avoid paying care home fees.