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House Sale For Cash - Advice
KorkyKat
Posts: 96 Forumite
I am thinking of selling my house to one of the businesses that pay cash and would be obliged if any of you can offer any advice. I am aware that scams have and do take place.
I have checked the various sites including those who are registered with the Property Ombudsman as well as the The National Association Of Property Buyers.
One niggling doubt I have is those who offer free legal conveyancing as part of the package. Why would they do that? I tend to think that one's own solicitor would be best placed to ensure that the money transaction took place.
Any tips or advice welcomed.
Thank You
I have checked the various sites including those who are registered with the Property Ombudsman as well as the The National Association Of Property Buyers.
One niggling doubt I have is those who offer free legal conveyancing as part of the package. Why would they do that? I tend to think that one's own solicitor would be best placed to ensure that the money transaction took place.
Any tips or advice welcomed.
Thank You
0
Comments
-
These schemes come up regularly.
In most cases (with variations)
* you are offered 80% of market value for a quick sale
* you are asked to pay for the valuation (so you are already sucked in)
* the valuation comes in at aound 70% of what you expected
* so you are offered 80% of that low valuation
* by now time (and your money) has passed so you are desperate
so you end up selling for peanuts, or pulling out (leaving them with the profit they made from the valuation /registration/whatever fee
Read the small print!
They want you to use their legal bod as your own solicitor would advise you to run.0 -
My advice?
Take 40% off their first offer.0 -
Sell it through a normal estate agent - advertise it at 10% below what they suggest and that'll get things moving. Sell it through a quick sale company and they'll turn you over. Probably won't be any quicker either.0
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