“would you like to sell your house this month?”

daivid

I had the attached flyer through the door yesterday, not unusual in itself I'm sure, though the first time I have received one. A part of me wants to call up to see what they offer, but I am loathe to waste people’s time deliberately and I really do have more important things I should be doing. However I wondered if any of the regulars on here had received similar and made contact to find out what would be offered? 75% of value? Less? 

steampowered

Most of the "fast house sale" companies offer around 75-80% of market value, so that's probably what you'd get offered.

They are a business at the end of the day. If you get a letter through the door that sounds too good to be true, it probably is.

jimbog

these companies usually pin adverts onto lamp posts near traffic lights  and use  mobile numbers. Says it all really

Browntoa

I had a bit of sport with one of these flyers a few years ago .

Called with my number witheld , spent ages asking questions about the scheme . Got vague answers about "we cannot guarantee the purchase price" etc 

Turned out after my persistence about asking for the company full details that they were only an introducer for the actual company and on a referral kickback for each "mug" who signed up

davidmcn

Curiously worded flyer - note they're not actually promising to complete a purchase within a month, just that you'll have £250 "or pay your mortgage" until the sale completes. I wonder if that means e.g. sticking their tenant in the property while it's still owned by you (which is one of the dodgy schemes going around).

ohdarn

In my experience not only do they offer less than 80% of the market value, their version of market value is the lowest price house that's sold in your area over the last two years.
It's not even worth the phone call.

daivid

jimbog said:

these companies usually pin adverts onto lamp posts near traffic lights  and use  mobile numbers. Says it all really

To be fair this one does give a landline and postal address, though I've not checked either out.
.davidmcn said:

Curiously worded flyer - note they're not actually promising to complete a purchase within a month, just that you'll have £250 "or pay your mortgage" until the sale completes. I wonder if that means e.g. sticking their tenant in the property while it's still owned by you (which is one of the dodgy schemes going around).

Hadn't considered that angle, but it is very clearly targeting the vulnerable either way. I'm going to sound very snobby now, but one of the things that struck me on getting it through the door was that we are in a very comfortable area with 100% owner occupation, most of whom are retired so I would assume financially stable (given they have retired from whatever vocation allowed them to buy here). Also pre-lockdown houses were typically SSC within 2 weeks to a month. So the offer within a month isn't so special, though what is happening currently I don't know.

wiseonesomeofthetime

A bit of google work leads to this: https://www.ethicalpropertypartners.com/home-page

So there will be a number of these Ethical Property Partners around the country, and the one in this thread classes themselves as an Investor, so will be seeking to make a return, following the company's mantra.

As a result, as others have said, you could expect below market value offers for the quick sale.

After all, they are about making money.

Crashy_Time

jimbog said:

these companies usually pin adverts onto lamp posts near traffic lights  and use  mobile numbers. Says it all really

With the market "booming" according to some on here though it makes you wonder why they bother?

daivid

Crashy_Time said:

jimbog said:

these companies usually pin adverts onto lamp posts near traffic lights  and use  mobile numbers. Says it all really

With the market "booming" according to some on here though it makes you wonder why they bother?

Because some people are, sadly, so desperate as to take up their offers. People who can't meet their mortgage payments, people with nightmare neighbours, people in run down homes without the capital to renovate, people who don't know of better options.

robatwork

The £250 is a massive red flag for me.

Don't like the Re: either.