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Companies that buy your house

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Due to unforeseen circumstances ( not financial) I need to sell my property quickly. I was going to contact a company that buy your house. I am aware that they offer about 30% less of the market value and can sometimes drop the price again when due to sign contracts. I'm not looking to sell due to financial reasons and if they tried to drop the price again then I would look at pulling out. Does anyone have any further advice or experience of using one of these companies? Were there any other fees to pay, was the company you used a good company to use, etc. Would I be charged a fee if I pulled out? Many thanks

Comments

  • eddddy
    eddddy Posts: 18,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Why don't you just contact a local estate agent and ask them to sell it cheaply and quickly?

    I guess you could contact the type of company you mention at the same time - for comparison. (And I think you will decide to go with the estate agent!!!) And it's best not to sign anything without getting advice from a solicitor.
  • haf1
    haf1 Posts: 87 Forumite
    Eighth Anniversary
    I'm not looking to sell due to financial reasons

    If money is no object, why not simply put your house on the market in the conventional way, well below market value and sell to e.g. a cash buyer developer?
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Search the forum. Regular question. Ought to be a sticky.....
  • walwyn1978
    walwyn1978 Posts: 837 Forumite
    Eighth Anniversary 500 Posts
    haf1 wrote: »
    If money is no object, why not simply put your house on the market in the conventional way, well below market value and sell to e.g. a cash buyer developer?

    That. Price it accordingly, explain to the EA you want a very quick no chain sale. Get them to ring round their lists, they may know someone who can move quickly with no chain. Developers, buy to let prospectors, etc.

    The We Buy Any House types seem to start ultra low then have lots of reasons why they need to go lower still..
  • eddddy
    eddddy Posts: 18,034 Forumite
    Part of the Furniture 10,000 Posts Name Dropper

    Why are you recommending 'rent to rent' schemes? They're generally a very bad idea.

    Anyway, the OP wants to sell their property, not rent it out.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    There will be advice on that website about selling as well.
  • pimento
    pimento Posts: 6,243 Forumite
    Part of the Furniture 1,000 Posts
    You could also consider an auction.
    "If you think it's expensive to hire a professional to do the job, wait until you hire an amateur." -- Red Adair
  • theGrinch
    theGrinch Posts: 3,133 Forumite
    Part of the Furniture 1,000 Posts
    Is your area finding it hard to shift properties otherwise with an EA at a discount or an auction are possible.
    "enough is a feast"...old Buddist proverb
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