Companies Buying Your House for Cash

GOG

Can anyone give advice on using companies who offer to buy your house for cash please? They state that they charge no fees but I suspect they give you a greatly reduced price to cover their costs.
The up side is that they get you moving - literally - if like us you have not sold current property but are anxious to purchase next home.
Do they do what they say on the tin? Or will we be well out of pocket?

charltonkeston

Dont do, dont even think about.
If you are that desperate to sell discount your house on your terms not someone elses.

puppy999

My friends house wz on the market for £150,000 one of those company's offered £95,000 ..................I want a quick sale and hav put my home up for auction they pay all your fee's, you still hav a say on price and the buyer cant back out..........

firstaspect

You'd be much better to either put into auction or put on with an agent at a reduced price (still more than the cash sites would give you, even with paying the fees for you).

flora48

Don't do it! you will be well out of pocket. I was desperate to move last year, on the market for £230k, I was offered £150k over the phone by one of these companies, but I am told they reduce the offer in reality. Reduced my price and sold for £200k. reduce yours on your terms as PP has said. Good luck.

MrandMrsB

I believe that some housing associations are interested in buying houses at slightly reduced rates. It might be wise to check with your local ones, if you have not already done so.

There is no point in wasting your time contacting one of those companies - don't be tempted!!