Quick Sale Companies

Zetland

Hi

I may need to sell my house quickly in the new year, and I've seen loads of adverts on the TV for different companies saying that they would buy the house quickly. Has any one had any dealings with any of them? Is it a 'safe and easy' way to sell my property??

Please help.

chris_m

Safe? Possibly.
Easy? Possibly.

Good value? No way. You'll get a poor price in the first place, quite likely get stung for an up-front fee and, finally, very likely have the price dropped at the very last minute when it's really too late to back out.

googler

How much do you need or want to sell it for? Full market value? Less? How much less?

hazyjo

Try auction or put it on at a very reduced rate with an EA. Never advisable to use these quick sale companies.

Jx

Zetland

It would be ok with an offer of slightly less that market value. I would look at it as an offset to what I would be paying out if the house took months to sell, which at this time of year is highly likely. I'm just struggling to find out which companies are reputable and which ones are cowboys!!

There are so many different companies, claiming different things that i find it really strange that there is no advice out there!!

zappahey

There's plenty of advice out there, almost all of it says don't do it because they offer so much less than true market value.

hazyjo

When you say 'cowboys', do you think they're the ones that will offer way less then drop you at the last knockings, and that 'reputable' ones won't? They're not charities, they're in it for massive profit, they all pay way under value, and most do seem to knock the price down at the end. Why would they offer a fair price only to be stuck with it themselves? They'd soon go under... they will all try to buy something at a rock bottom price.

Jx

Property_Auctions

You'll be able to sell the house - but it will be at the lowest price available.

There are certainly other options available which should gain more profit for you.

G_M

You'll be tempted by the promise of "80% of market value" in return for a quick guaranteed sale.

You'll pay the upfront fee.

Then you'll be told what THEY think the 'market price' is (about 60-70% or actual market price) and you'll be offerred 80% of THAT.

GRM

Zetland wrote: »

It would be ok with an offer of slightly less that market value.

That rules out all quick sale companies then.

MissMotivation

Do your research, find out what price properties have been selling at in your area and then knock off 10%........you will still be better off than what you will be offered by one of those companies.