anyone heard of investment property group they say they have a buyer for my house

sunshinetours

inforeq wrote: »

Hi, we actually have never been asked for fees up front, it was allways going to be on exchange of contracts, that was made plain by my husband fromt he get-do.

With regard to them buying from an agent, they would have to pay full market value for the property/very near to the price. We have accepted an offer of £10,000+ under market value for a quick sale, to be completed by the end of the summer 2010.

It does sound slightly odd, but maybe they are no different to these companies that buy your home in 7-10 days, no questions asked etc. We really dont know.

Why - you are agreeing to sell it below market value via IPG, why wouldn't you just price it accordingly via the estate agent?

A quick sale completed by end of the summer? - Doesn't sounds overly promising to be honest I'm afraid. Please do post back with updates though

Be nice to hear from some of the other earlier posters with any actual experience with the company aswell

ILW

inforeq wrote: »

Hi, we actually have never been asked for fees up front, it was allways going to be on exchange of contracts, that was made plain by my husband fromt he get-do.

With regard to them buying from an agent, they would have to pay full market value for the property/very near to the price. We have accepted an offer of £10,000+ under market value for a quick sale, to be completed by the end of the summer 2010.

It does sound slightly odd, but maybe they are no different to these companies that buy your home in 7-10 days, no questions asked etc. We really dont know.

They can make an offer at 10k below market value through an estate agent, it is up to the seller to accept or not. It makes no sense. Sorry.

inforeq

sunshinetours wrote: »

Why - you are agreeing to sell it below market value via IPG, why wouldn't you just price it accordingly via the estate agent?

A quick sale completed by end of the summer? - Doesn't sounds overly promising to be honest I'm afraid. Please do post back with updates though

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inforeq

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inforeq

inforeq wrote: »

Still waiting for the contract to arrive, it should be here today or tomoz

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sunshinetours

inforeq wrote: »

We have tried the estate agent route already on this property and in the current market, we had no interest in it. We have sold privately previously, therefore have advertised it on various sites and had more interest, including this company, which claim to be able to settle by end of July 2010 - will update when things happen

Best of luck - I am sure you are taking your own legal advice and not IPG's so providing no money is taken up front and you get the full amount on completion then the reality is you probably don't have anything lose by exploring this route

I am however very surprised that you haven't had any interest at tens of £000's below the market price

I am sure as I said you can see why many would be cynical

sunshinetours

inforeq wrote: »

Hello (again). How do you know this about the EU thingy etc and what should it contain? Dont know what to look for myself

Google "Electronic Commerce (EC Directive) Regulations 2002" if you wish to obtain details but basically:-
Minimum information to be provided

Service providers, whether involved in e-commerce or not, should provide the following minimum information, which must be easily, directly and permanently accessible:

• The name of the service provider must be given somewhere easily accessible on the site. This might differ from the trading name and any such difference should be explained – e.g. "XYZ.com is the trading name of XYZ Enterprises Limited."
• The email address of the service provider must be given. It is not sufficient to include a 'contact us' form without also providing an email address.
• The geographic address of the service provider must be given. A PO Box is unlikely to suffice as a geographic address; but a registered office address would. If the business is a company, the registered office address must be included in any event.
• If a company, the company's registration number should also be given.
• If a company, the place of registration should be stated (e.g. "XYZ Enterprises Limited is a company registered in England and Wales with company number 1234567") though this is a requirement of the Companies Act as from 31st December 2006, not the E-commerce Directive.
• If the business is a member of a trade or professional association, membership details, including any registration number, should be provided.
• If the business has a VAT number, it should be stated – even if the website is not being used for e-commerce transactions.
• Prices on the website must be clear and unambiguous. Also, state whether prices are inclusive of tax and delivery costs.
• Finally, do not forget the Distance Selling Regulations which contain other information requirements for on-line businesses that sell to consumers (B2C, as opposed to B2B, sales). For details of these requirements, see our article, The Distance Selling Regulations - An Overview.

MobileSaver

inforeq wrote: »

Without sounding as though I am a supporter of the company, ... We have been offered a reasonable price for our home, we can exchange contracts (apparantly) when we need to and it all seemed relatively hassle free.

Considering that you have not yet seen the contract and so don't know what fees are payable and when... yes you do sound like a supporter of the company.

Bearing in mind that your version of how they operate is very different to the OP's "upfront fixed fee of £1200 for sale to happen" something doesn't add up here - are you sure it's the same company the OP mentioned?

inforeq

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inforeq

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