are the companies that offer quick house sales safe to use or do they all only give

sapman17

hope this is the correct place to post this are the companies that offer quick house sales safe to use or do they all only give you 75% of the value or is there anything to try.
help much appeciated

bengalknights

they are generally safe to use just dont expect market value for your house usually around 70-80% sometines 50 plus side being theres no delay in receiving the money

dunstonh

There were a lot of rogue companies in this field. It was going to be regulated. I dont know if that has come into effect yet or not. Obviously you will lose a lot of money for doing it. A bit like the "we buy any car" adverts where they offer 10-20% less than what a dealer would offer, let alone private sale but with houses.

FraudBuster

dunstonh wrote: »

There were a lot of rogue companies in this field. It was going to be regulated. I dont know if that has come into effect yet or not. Obviously you will lose a lot of money for doing it. A bit like the "we buy any car" adverts where they offer 10-20% less than what a dealer would offer, let alone private sale but with houses.

The full regulation of Sale and Rent Back starts on the 30th June.


http://www.cml.org.uk/cml/policy/issues/3719

jamesd

sapman17, if you say more about your situation it's possible that we might have some other ideas. The fast sale deals are very expensive and best avoided unless there's no choice. Proof that you're trying to sell the property normally should be enough to get a repossession order delayed to give you time to make the sale, though you might not be able to carry on living there.

There might also be a landlord's association in your local area and approaching members of that association might get you a better deal. Though not certainly, since landlords know that the buying price they pay is very important to their profitability.

yelf

I did a quick sale 3 years ago. Some of them offered ridiculously low amounts (I wanted to sell quickly but wasnt being forced to - a lot of these companies obviously take advantage of those who HAVE to sell quickly). THey all seemed legit - one came out and looked round, another did a small report. In the end I was contacted by a private BTL investor who got my detials from one of the "quick sale" sites - sold very quickly for cash and he get a load of my furniture which would have been a nightmare to get rid off. He also didnt do a survey which was a blessing

sapman17

jamesd wrote: »

sapman17, if you say more about your situation it's possible that we might have some other ideas. The fast sale deals are very expensive and best avoided unless there's no choice. Proof that you're trying to sell the property normally should be enough to get a repossession order delayed to give you time to make the sale, though you might not be able to carry on living there.

There might also be a landlord's association in your local area and approaching members of that association might get you a better deal. Though not certainly, since landlords know that the buying price they pay is very important to their profitability.

We are not facing repossession at the moment but we are on a suspended order we have a bad situation with our neighbour we just
want to move and rent somewhere else within the next month this whole thing is giving my wife a nervous breakdown and we need to get at least its market value of £165,000 for a 3 bad semi with a garage so hope there is a possibility we can at least get that.

maninthestreet

sapman17 wrote: »

We are not facing repossession at the moment but we are on a suspended order we have a bad situation with our neighbour we just
want to move and rent somewhere else within the next month this whole thing is giving my wife a nervous breakdown and we need to get at least its market value of £165,000 for a 3 bad semi with a garage so hope there is a possibility we can at least get that.

'Market Value' is the maximum you could get - who will pay more for a property than its current market value??? If you are looking for a quick sale (4 weeks max??), you will have to accept less than market value, and if you sell to one of those 'we will buy your house' companies you will get significantly less than market value.

dunstonh

we need to get at least its market value of £165,000

That will not happen with a quick sale firm. You are probably looking at around 20-30% less than you think it would be.

chocsessential

I live in an area where a man has been buying up old houses to let to tenants. I asked my neighbours if they had his phone number, I gave him a ring, and he has offered me the going rate for my house in cash (and no estate agents' fee, yay).

sapman17

chocsessential wrote: »

I live in an area where a man has been buying up old houses to let to tenants. I asked my neighbours if they had his phone number, I gave him a ring, and he has offered me the going rate for my house in cash (and no estate agents' fee, yay).

well can you give me his number I live in Halstead not far from Suffolk
maybe he would be worth a call