Cash Buyers

Carl2510

Good evening,

Does anyone have any experience with Cash Buyers, been looking at selling my house fast when I’m ready to sell and just wondering if there actually legit, do they offer good valuations, had anyone any experience with these types of buyers.

Any info would be greatly appreciated.

G_M

Why would they not be 'legit' if they have the money?

Valuation is just the same - it's down to negotiation. What they are prepared to pay and you are prepared to accept.

Some cash buyers think their situation entitles them to expect a lower price, and that may be true if you are in a hurry and willing to drop your price in return for a buyer who does not have to wait for a linked sale or mortgage approval.

greatgimpo

By the phrasing of the question, I'm assuming there is a company called 'Cash Buyers'.

Carl2510

Not there not called Cash Buyers they just say that on there website.

davidmcn

Carl2510 wrote: »

No they're not called Cash Buyers they just say that on their website.

Ah, I expect they're looking for desperate and/or gullible sellers.

getmore4less

All buyers are cash buyers unless you are willing to accept something else for your house.

Borrowing money does not take a long time in the general sell/buy process.

It's people that need to sell that tend to slow things down.

G_M

greatgimpo wrote: »

By the phrasing of the question, I'm assuming there is a company called 'Cash Buyers'.

Ah - missed that.:beer:

Not there not called Cash Buyers they just say that on there website.

Well if they are a company and you want to know if they are legit, we'll need to know the company name won't we!?

Carl2510

Been looking at the website WWW.sellhousefast.co.uk

Basically my question is, is it worth going down this route or should I stick to tradition estate agent? I’m not in a hurry to sell just yet, but I’d like to have my house sold at the end of the year as that’s when my fixed term is up and will be paying a higher interest rate and don’t want to get stuck in another fixed term.

GDB2222

Carl2510 wrote: »

Been looking at the website WWW.sellhousefast.co.uk

Basically my question is, is it worth going down this route or should I stick to tradition estate agent? I’m not in a hurry to sell just yet, but I’d like to have my house sold at the end of the year as that’s when my fixed term is up and will be paying a higher interest rate and don’t want to get stuck in another fixed term.

No, it’s not worth dealing with them. Just start marketing your house in the summer in the usual way.

Carl2510

Do you have experience in selling your house via this way? Or have you just heard bad reviews.

davidmcn

Carl2510 wrote: »

Do you have experience in selling your house via this way? Or have you just heard bad reviews.

We get people asking here about similar companies every few days or so. The answers are always the same. Have a search.

They make their money from reselling the properties (quickly). So to cover their costs and make a profit, by definition they need to buy at way below normal market prices. Even if they offer an initially attractive price, they* have a reputation for lowering it at a later stage (when you're even more desperate). You can achieve a quick sale yourself by selling in the normal fashion at an attractive price, or by selling at auction (which might not achieve "normal" market price but at least means there is open competitive bidding and no waiting for contracts to be exchanged).

And if all you are concerned about is paying normal mortgage interest rates for a while, that's hardly a reason to get desperate for a quick sale.

* in general, I don't know anything about the particular outfit you've mentioned. And there's nothing at WWW.sellhousefast.co.uk, did you mean https://www.sellhousefast.uk ?