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Cash Buyers

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  • Carl2510

    When it was on the market it was £125K I got it for 120 as they wanted to sell quick as they had a house going through as well, got it valued for remortgaging last year and they valued it at 130K I know they only do that to actually help with the better interest though. But I’d be happy with 125K

    Estate agents will typically value at 5-10% over so bear that in mind, the only valuation you can really trust is one from an independent paid RICS surveyor. It'll be this value that buyers use too, even if you agree on a sale price if it's subsequently under valued very few buyers will be willing/in a position to make up the shortfall.
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Carl2510 wrote: »
    I get what your saying, but there is no harm in seeing what they will offer compared to what the estate agent will put it up as.

    I am pushing towards the estate agent now from everyone’s advice.

    Can`t you ask around (or advertise) about landlords who might pay cash, not cash buying companies though, they are just preying on people`s general stupidity about buying/selling property and what price they should get/pay.
  • Carl2510
    Carl2510 Posts: 535 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    I will certainly give that ago.

    I’ve also seen that Rowland homes who make new builds do a thing called Powermove, where they sell your house for you. Pay estate agent fees, market the house, do a valuation etc.

    They just require a deposit which is refunded when it’s sold. And then your able to reserve your Rowland once it’s sold.

    Sound to good to be true?? I am looking at new builds for my next property, so could it be an option.
  • GDB2222
    GDB2222 Posts: 26,278 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Lots of builders have exchange schemes like that.
    No reliance should be placed on the above! Absolutely none, do you hear?
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    Carl2510 wrote: »
    I will certainly give that ago.

    I’ve also seen that Rowland homes who make new builds do a thing called Powermove, where they sell your house for you. Pay estate agent fees, market the house, do a valuation etc.

    They just require a deposit which is refunded when it’s sold. And then your able to reserve your Rowland once it’s sold.

    Sound to good to be true?? I am looking at new builds for my next property, so could it be an option.

    Yes, if their properties were good value for money they wouldn`t need to have daft schemes that sound like Superhero names, and the government wouldn`t need to lure people into big debts with things like HTB.
  • Carl2510
    Carl2510 Posts: 535 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    They also do part exchange but only on certain plots. This house I’m looking at is already build so wouldn’t need to reserve the plot.
  • Carl2510
    Carl2510 Posts: 535 Forumite
    Sixth Anniversary 100 Posts Name Dropper
    No point in making a new thread I thought so I’ll ask on here.

    With part exchange. Obviously I own the house with my brother I’m currently in. Would I still be able to part exchange if I wanted the new house to be in mine and my girlfriends names on the deeds. Or does it have to be the people coming from the part exchange house.
  • sandra76
    sandra76 Posts: 10 Forumite
    edited 2 February 2020 at 1:07AM
    I'd expect as you're in no real hurry, you'd be as well just using an Estate Agent. Perhaps if the Estate Agent was struggling to sell you could then look to one of those fast house sale companies.

    I've heard some bad reports on some of those fast house sale websites but then again, a friend of mine used a crowd called "Fast Houses" to sell her home and had a great experience with them. Her house had sat on the market for about 8 months with no sale. She got in touch with Fast houses via their website: https://www.fasthouses.co.uk - a guy came out and the next day had made her a great offer and she actually managed to get it sold for more than what the estate agent had it on for. Not quite sure how they managed to do that for her but she was absolutely delighted with them, so I guess there are a few good fast house sale companies out there too that might be worth consideration. Best of luck with your sale, whichever way you decide to go.
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