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

not_loaded

Cattikina, you really need to read the whole thread carefully.

There's an earlier thread mentioning SYH4FREE and all the same points are being raised here, like your comment, 'I hope it's for real, I really want to sell'.

That's precisely what these scams hinge on.

Cattikina

From Cattikina's partner:

I'm not a lawyer but work closely with my firms Legal Team. As per British Contract law, once a contract has been agreed, either party is unable to amend it unilaterally. They (IPG or their client (if he/ she exists) in this instance) can obviously default/ renege on the contract at which point any agreed penalties will be enforced. The "buyer" could then suggest a lower price and we'd be stuck with accepting it or trying to get someone else to buy the place.

To confirm Cath's earlier posts, we haven't provided any payment details but have gone back to IPG as Inforeq appears to have done to say that we're happy with the price, but we'd like to do this through solicitors like a proper house sale.

Sunshinetours, thanks for the comment: "The biggest risk is tehy string you along for 6 months and you don't sell else where so are even more desperate", which we hadn't particularly considered.

We'll keep you updated as the sale/ scam unfolds...

AbbieCadabra

please bear in mind there's already one poster on here that's struggling to get a refund...

The_Unready

Hi all,

Not sure if this has already been posted, but.........

IPG website - http://investpg.co.uk/let-sell/

Other (presumably legitimate) company's website - http://mdpropertyltd.co.uk/selling/

I'm sure there are other similarities if you look hard enough.

Plagiarism is hardly the hallmark of a reputable company!

The Unready

MobileSaver

Cattikina wrote: »

have sent them an email asking that they agree for the fee of 1199 to be paid when the sale is completed, and the funds for the house are transferred.

... if the sale is cancelled by the buyer, I will be entitled to a refund within 7 days.

If you are only paying the fee once the sale is complete and funds transferred then you do not need to worry about entitlement to a refund.

If you pay the fee up front then it is highly unlikely you would ever get a refund even if the contract was watertight. Time and time again scammers simply delay paying out even once court letters start to arrive and then they just close down and disappear and your money has gone.

The other new posters in this thread have been very reluctant to disclose exactly who their contract is with, can you confirm whether it is "Investment Property Group", "Invest P G Ltd", "The Letting Agent Ltd" or another party so that regulars can do some more checking?

Cattikina wrote: »

I know that this might smell of a scam, but I hope it isnt because I want to sell.

This of course is exactly what scammers are hoping for; people so desperate to sell that they ignore all the warning signs and ultimately get ripped off.

Cattikina wrote: »

"4. It is agreed that ... the Client, shall be entitled to a refund if either party is unable to complete the transaction within 180 days of
which the Acceptance of Offer was signed by the Seller. In the event of either party cancelling the sale, the party not responsible for
cancellation only shall be entitled to a full refund within 7 days of cancelation. All Offers will be valid for 7 days unless agreed
otherwise. "

That clause doesn't seem to make any sense and has the same poor grammar and typos as the web site which would make me suspicious that it was not written by anyone with legal training. Who is the Client? Are you the Seller also defined as a Client at the start of the contract?

The more revealed about this operation the more it looks like a scam but please do let us know who exactly you are dealing with so that people can investigate further.

ILW

interesting point, does the contract at any point give a definition of client and seller?

bitsandpieces

Are these contracts not just giving IPG a free 6 month option on your properties (or £1200 if you decide to back out)? I hope that those signing up can afford to wait 6 months, even if property prices go up significantly.

I don't see why all this would be needed for an investor to buy a property. Assuming they've got the cash in hand, they could complete within weeks (and very likely faster) - why mess around with complicated clauses about 180 days etc?

MobileSaver

inforeq wrote: »

to date we have not paid any up front fees and actually no one has lost any money,

inforeq wrote: »

Have they actually "lost" their money? No one knows yet how these deals are going to pan out.

Initially you said you were never asked for any fees, a week later you said you were asked but refused to pay them; strangely you didn't feel it necessary to respond to this major inconsistency in your story. Perhaps you could explain now?

Even better, in the space of 3 minutes you've gone from "no one has lost any money" to "Have they actually lost their money? No one knows"! Would you agree that your post on the other thread is misleading as you cannot possibly know that "no-one has lost any money with this company" unless you have inside knowledge of them?

Is there a reason why you are reluctant to disclose who your contract is with?

MobileSaver

inforeq wrote: »

cant be bothered anymore to post. The obsession with my postings is getting ridiculous.

When you've been asked the same reasonable questions several times and still don't answer... well anyone would think you had something to hide.

inforeq wrote: »

No one on here knows if these deals are going to go bad as yet.

Almost everyone on here except you thinks this is dodgy. No-one on here even knows who "IPG" is because neither you or the other new posters have revealed exactly who your contract is with.

Why would any innocent party in all this be so reluctant to answer such a simple question?

Running_Horse

MobileSaver wrote: »

Initially you said you were never asked for any fees, a week later you said you were asked but refused to pay them; strangely you didn't feel it necessary to respond to this major inconsistency in your story. Perhaps you could explain now?

Even better, in the space of 3 minutes you've gone from "no one has lost any money" to "Have they actually lost their money? No one knows"! Would you agree that your post on the other thread is misleading as you cannot possibly know that "no-one has lost any money with this company" unless you have inside knowledge of them?

Is there a reason why you are reluctant to disclose who your contract is with?

These sound like perfectly reasonable questions to ask someone defending a company like Investment Property Group whose business practices have all the hallmarks of a classic scam.

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