Are property rescue companies legit?

eddddy

Prodd wrote: »

Thanks to all. I think there's a clear consensus: don't!


Somebody must say yes though...

I think the people who say "yes" to these companies tend to be vulnerable and/or unsophisticated - and perhaps under pressure from bailiffs and debt collectors.

Possibly, the same type of people who are open to believing that they've won a Nigerian lottery, or that the nice cold caller on the phone really wants to help them fix their Windows computer.

HouseBuyer77

If you like you can look at it another way, legitimate quick-sale companies that don't rely on cheap tricks and screwing you over do exist. They're called auction houses. It's just you need to do some research to determine appropriate reserve price.

aniahill

It seems like this should be your last port of call but you could always use them in another way... Set up a pay as you go phone number and a new email address and contact one (or more, depending on how happy you are with rejecting people) and get their prices.

Find out what they would give you, add on any expenses you still have to pay (I imagine you'd still have to deal with a solicitor). Take that amount, add on estate agents' fees and anything else not covered and see how close that is to the price it's not selling for on the open market.

Add some money on (how much is up to you) and tell your estate agent to market them at that price. It'll probably be under what it's on for now, but significantly over what they would give you.