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Companies that can buy your house; are they any good?

We've decided to sell our house due to constant problems with the mobile mechanic.

However, we dont want to put it on the open market as we would have to declare we've had problems.

We've seen adverts on the telly and in the papers about companies that can buy your house for full current market value.

What does anyone advise??
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Comments

  • mjdh1957
    mjdh1957 Posts: 657 Forumite
    Part of the Furniture 500 Posts Photogenic
    Do a search - it's a regular question, and the consensus on here is that most of them are shysters.
    Retired in 2015.
    Moved to Ireland September 2017
  • DaftyDuck
    DaftyDuck Posts: 4,609 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You would still have to declare such problems to property investment companies - they'll still use a property information form.
  • StuC75
    StuC75 Posts: 2,065 Forumite
    None of them would buy the house ar Current market value. It would always be at a discount and likely to have further reductions just before exchange - basically when you are too far into it to pull out.

    Estate agents are likely the best option, and rather than having to confess up to your situations..

    The embarassment of getting scammed by such home buyers has to be worse than saying relocating \ downsizing to elsewhere..
  • maninthestreet
    maninthestreet Posts: 16,127 Forumite
    Part of the Furniture
    How has a mobile mechanic forced you to consider moving home?
    "You were only supposed to blow the bl**dy doors off!!"
  • DaftyDuck
    DaftyDuck Posts: 4,609 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    How has a mobile mechanic forced you to consider moving home?

    DO NOT ASK!!! Seriously, mits, you'll regret ever asking... check out the O.P.s (several) threads on the matter.... several identical threads, where he gets, and ignores, the same advice each time.
  • pinkshoes
    pinkshoes Posts: 20,594 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    We've decided to sell our house due to constant problems with the mobile mechanic.

    However, we dont want to put it on the open market as we would have to declare we've had problems.

    We've seen adverts on the telly and in the papers about companies that can buy your house for full current market value.

    What does anyone advise??

    They're fabulous!

    Oh, except their idea of "market value" will be 60% to 70% of that of an estate agent... And then they're likely to knock the price down further the day before you hope to exchange!

    (And if you've made official complaints about this mobile mechanic, you'll have to declare them if asked!) (And I'm sure they'll ask - another reason to reduce the 'market value')
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • richardw
    richardw Posts: 19,459 Forumite
    Part of the Furniture 10,000 Posts
    How much equity do you have in the property?

    Is it in Joint names?
    Posts are not advice and must not be relied upon.
  • giddypenguin
    giddypenguin Posts: 808 Forumite
    Part of the Furniture 500 Posts Combo Breaker
    They are brill, very quick, stress-free and easy, that's why everyone uses them!

    Oh, no, wait... that's not right...
  • SPELLKASTER
    SPELLKASTER Posts: 468 Forumite
    richardw wrote: »
    How much equity do you have in the property?

    Is it in Joint names?

    The mortgage is outstanding by around £63K.

    Property in his name, but just asking about these companies.
  • SPELLKASTER
    SPELLKASTER Posts: 468 Forumite
    How has a mobile mechanic forced you to consider moving home?

    Its a long story so wont go into it but to say the bloke is an !!!!!!!.

    Problems with parking being one of them.

    We bought the house not knowing he was there as previous owner failed to declare on the buyers and sellers form.
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