Investment Company House Purchase

JustLookin · 6 July 2010 at 10:27AM

Has anyone investigated selling their home to an investment company?

My home has been on the market for a little while & I've now received a mailshot from a property investment company (in my case Movemakers) offering no obligation valuation / offer. I guess this will be well under market value, but apart from that I wondered if anyone else had experience of following up this option?

Cheers

poppysarah · 6 July 2010 at 10:42AM

Are they regulated? Are they a long standing company?

Lower your price with an ea and you'll get a better deal than this sort of company.

mummyfrugal · 6 July 2010 at 10:53AM

hi, i would do a load of reseach if u went this way, especially if you r considering the 'rent back' options which a lot of people have had problems with.

i was despate to sell my old house and finally did last year, a property developer offered me 55k for it, i reduced it with the estate agents with offers over 115k and sold it for 115k and i had more than one couple who wanted it.

hang on in there, if you could just reduce it a little than what others nearby go for then you should sell, but dont expect an offer you would accept (and i suppose you would get them badgering you forever when you said no)....

PasturesNew · 6 July 2010 at 11:20AM

They'll offer a lot under the price it is up for sale at. e.g. For sale at £120k, they'll value it at £90-100k and offer you £80-90k. Why not drop it yourself to £95-105k now?

maninthestreet · 6 July 2010 at 11:45AM

If they say they have found a buyer called 'Mr Brown' for your property, run a mile!

PottyHouse_2 · 6 July 2010 at 11:45AM

I have heard that sometimes 'these type of companies' wait until exchange of contracts has taken place and then want to renegotiate your price down before completion ????