Selling to quick sale company

AMBERSHADOW

Good Morning All

I am not sure whether this is the correct place for this post but please move if not.

My husband inherited a bungalow from his parents and wants a quick sale.. It needs updating and things doing to it, so he has approached a quick sale company.. Now whilst this is what he wants I have read some awful stories regards these people.

Does anyone know of any reputable ones? or are they all the same 

Thanks in advance

user1977

Presumably if he's inherited it he doesn't need a quick sale - so why go to the people whose modus operandi is to take advantage of those who are desperate for cash? They're only going to resell it immediately for a profit.

He should be talking to estate agents and selling it in the conventional way.

newsgroupmonkey_

user1977 said:

Presumably if he's inherited it he doesn't need a quick sale - so why go to the people whose modus operandi is to take advantage of those who are desperate for cash? They're only going to resell it immediately for a profit.

He should be talking to estate agents and selling it in the conventional way.

This.

Selling to a cash buyer (for instance) will be much easier and could easily be done in a short timescale.

Put it on the market at a reasonable price. Hopefully lots of interest and you can pick the right buyer.

AMBERSHADOW

His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..

Woolsery

There are people with cash who won't drop their offer at the very last minute and a conventional agent may well know them. Remember, it's in the agent's interest for a sale to go through quickly and smoothly.

user1977

AMBERSHADOW said:

His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..

You don't need to have the funds. It's payable by the estate. How much is the bungalow worth?

TonyMMM

And you don't have to pay it - the estate does. Is he the executor, and what exactly has he done so far ?
 
He can sell it the usual way and get the best price, and the mortgage will be settled as part of the sale process. They will just have to wait.

AMBERSHADOW

325.000 roughly... 

AMBERSHADOW

user1977 said:

AMBERSHADOW said:

His parents took out a lifetime mortgage in 2004 for £4.500 its now escalated to 92.000 which they are saying needs to be paid ASAP.. We don't have them funds..

You don't need to have the funds. It's payable by the estate. How much is the bungalow worth?

What they are saying is it will be in default.. Yeah that's fine but I don't want them just taking the property  we really have no idea what we are doing to be honest... The place needs emptying and its a mess, we don't live near so work stops us from being there to do it on an ASAP basis

RobM99

AMBERSHADOW 

What they are saying is it will be in default.. Yeah that's fine but I don't want them just taking the property  we really have no idea what we are doing to be honest... The place needs emptying and its a mess, we don't live near so work stops us from being there to do it on an ASAP basis

If you don't know what you're doing, I suggest a conveyancer!
Re; emptying it, house clearance companies do this. Just make sure valuables are not left behind.
This really isn't a situation for guesswork.

AMBERSHADOW

RobM99 said:

AMBERSHADOW 

What they are saying is it will be in default.. Yeah that's fine but I don't want them just taking the property  we really have no idea what we are doing to be honest... The place needs emptying and its a mess, we don't live near so work stops us from being there to do it on an ASAP basis

If you don't know what you're doing, I suggest a conveyancer!
Re; emptying it, house clearance companies do this. Just make sure valuables are not left behind.
This really isn't a situation for guesswork.

Thanks very much :-:smile: