yellow springbok fast house purchase

snowydeejay

Sound very good to me, whether you are in a hurry to sell or not. They have investment clients looking for potential money making properties and will endeavour to get best price for seller, better than traditional agents who have fewer clients looking for certain properties on their books.

phoenix_w

snowydeejay wrote: »

They have investment clients looking for potential money making properties and will endeavour to get best price for seller

Isn't that an oxymoron? Surely investors are looking to pay the lowest possible price so they can increase their margins? They aren't going to stretch to the same money as, for example, people who 'love' the property and want to settle there.

Davesnave

phoenix_w wrote: »

Isn't that an oxymoron?

Well if it isn't, it's certainly a conflict of interest.

It gives a false picture anyway, as some 'normal' agents have investment buyer connections too. I've come across hilarious situations when agents have shown me properties with some reluctance and done their best to diss them whilst doing so.

eddddy

snowydeejay wrote: »

Sound very good to me, whether you are in a hurry to sell or not. They have investment clients looking for potential money making properties and will endeavour to get best price for seller, better than traditional agents who have fewer clients looking for certain properties on their books.

Are you saying that investors will limit their property search to just Springbok Properties, and not deal with 'traditional' agents?

I'm pretty sure that investors will use Rightmove just like everyone else, and enquire about properties of interest, whether they're being marketed by Springbok or anyone else.

dave88uk

Some interesting viewpoints on here. I've just signed up with Springbok as I'm looking for a quick sale - we want to upsize ASAP and appreciate/accept we'll take a hit on the market value.

It's been a hard decision as to whether we should remortgage on a buy-to-let or to sell and release equity.

I had the mispleasure of Flying Homes (google the thread) - don't even think of going near those con-merchants.

The chap who came to look at my house (David) seemed a nice, genuine guy, however you must remember he's a salesman.

The final fee will be £3.5k, but I set the bottom line, which I raised by £3.5k (obviously).

If it sells - great, if not we'll probably send to auction or rent it out.

I'll give updates on it and a final review, good or bad.

rosie383

If it is anything like other properties I have seen advertised with them, it will be a bit more than a hit on the market value. More like a sledgehammer blow. Personally I don't think they sell to real buyers . I think they 'sell' to themselves at a very low price, then resell at market value after a while. There is definitely something odd about how they operate.
TBH, if I wanted to be guaranteed a quick sale, I'd just market my property 10 grand cheaper than the others and probably get a quick sale that way.

theartfullodger

According to Companies House they changed their name on 15/12/2014 to "YS CLDX LLP". So anyone dealing with "Yellow Springbok" should worry, in my book....

dave88uk

rosie383 wrote: »

If it is anything like other properties I have seen advertised with them, it will be a bit more than a hit on the market value. More like a sledgehammer blow. Personally I don't think they sell to real buyers . I think they 'sell' to themselves at a very low price, then resell at market value after a while. There is definitely something odd about how they operate.
TBH, if I wanted to be guaranteed a quick sale, I'd just market my property 10 grand cheaper than the others and probably get a quick sale that way.

The guy that came to see me said they work 1 of 2 ways:

1) They buy the house for cash, at a (as you suggest) sledgehammer blow. That's how they work, we all know that, their typical customer is someone with the bailiff on one side and the quick sale guy on the other. They leech from the vulnerable, not nice, but such if life. They then simply auction it on, at a very low chance of making a loss. A license to print money.

2) They advertise to a list of investors on select properties that they feel would be ideal investments. I know that my house would be perfect for an investor so opted for this one.

phoenix_w

Dave88uk, please see my earlier post about my experience with the method of selling you've opted for. I hope that it works out for you, but if it fails make sure you send them an email as soon as you can give notice (I believe it's 2 weeks before the end of the the month exclusivity period) and remarket with a big local EA immediately.

Lindy05

Hi, Thanks for your information about springbok, I have recently put my house on the market with them and I am in the cooling off period for a few more days. I would like to withdraw my property off the market with them. They want me to accept an offer that is lower than market value and on top of that I will have to pay their fees are £4,500 making it unlikely that I will be able to a property as good as the one I am trying to sell! Can I ask you how you got out of your contract with them and did you do it without incurring any extra costs? I would be very grateful for any advice you can give.
Very worried.
Lindy