Selling A House Without Using Estate Agents

anon_private

I have noticed that a number of companies offer to buy a house, giving full market value, and complete the transaction within days.

Has anyone used any of these companies? Can you recommend a company?

How can I judge the company?

Thanks

Hoof_Hearted

I suspect that they will be offering rock bottom prices for desperate people. It's the webuyanycar model. You can reduce selling costs by using an online agent.

AnotherJoe

anon_private wrote: »

I have noticed that a number of companies offer to buy a house, giving full market value, and complete the transaction within days.

Yes, I believe they turn up at your door riding a unicorn.

They cannot possibly pay "full market value" unless by that you mean "as defined by knocking 20% off for making the sale easy" because otherwise they would lose money on every purchase,which would be a poor business strategy.

There are also anecdotal reports in here that just before purchase they may discover an "issue" that results in them making a last minute price reduction and leaving you between a rock and a hard place if you were dependent upon the sale timing.

Rain_Shadow

anon_private wrote: »

I have noticed that a number of companies offer to buy a house, giving full market value, and complete the transaction within days.

Has anyone used any of these companies? Can you recommend a company?

How can I judge the company?

Thanks

They would think of a figure that would give them a sale within say two weeks (say 75% of your asking price) and then offer you, say, 70% of that. As said above they may well then chip you further at exchange.


If you are struggling to sell quickly just drop your price by 20-25% and cut out the middle-man

eddddy

anon_private wrote: »

I have noticed that a number of companies offer to buy a house, giving full market value, and complete the transaction within days.

It might be helpful to take a step back.

Businesses exist to make profits.

It's difficult to imagine any kind of a profitable business model that involves buying random people's houses at full market value.

So quick sale companies typically make their profits by setting up back-to-back transactions.

e.g. They buy your house for £100k and sell it for £125k at the same time on the same day.

If they can't find somebody to pay £125k, they don't buy from you at £100k.


So you're better off asking an EA to sell at £125k - and leaving out the fast sale co.

teddysmum

If you know the price you want and it is realistic for the area, why not try a cheapie sale ?ie print a For Sale notice and put it in the window.


That's how we , quickly, sold my late father's bungalow and builders, who are renovating next door to us , also have a poster in the window.

anon_private

Thanks to all for responding.

Best wishes.