Cash Buyer Recommended a Solicitor

silvercar

Every business is entitled to make money, otherwise why would they exist? Some options:

a) they are getting the property cheap and will resell it
b) they have builders and trades lines up to improve the property and sell at a good profit
c) the land is worth something to them as part of a bigger scheme

Having a solicitor they have worked with previously helps them encourage you in the right direction.

MobileSaver

diystarter7 said:

theartfullodger said:

Avoid these ++gy people, v v likely the price mysteriously will be reduced and reduced as completion nears.

You can only near completion once exchange has taken place and at that time, it is good as done and dusted, Don't take my word for it look it up..

You seem to be forgetting that since Covid more and more transactions exchange and complete on the same day...

Ath_Wat

silvercar said:

Every business is entitled to make money, otherwise why would they exist? Some options:

a) they are getting the property cheap and will resell it
b) they have builders and trades lines up to improve the property and sell at a good profit
c) the land is worth something to them as part of a bigger scheme

Having a solicitor they have worked with previously helps them encourage you in the right direction.

It's a "we buy any house company" so the answer is a.  They can only do this by paying a significantly lower price for it than it would fetch for a quick sale on the open market.

diystarter7

babyblade41 said:

Don't use these people , there are a very few reasons why people would use this type of company & from your OP you don't fall anywhere near this category.


Go the normal route with 3 agents valuing , this shouldn't be stressful as you aren't buying & selling, in a chain & emotionally invested in your next home.

Their normal MO is to keep you sweet then want simultaneous exchange & complete then drop the price drastically  on the morning of the transaction day 


Check comparable price properties (price sold not for sale) then probably drop a percentage to make it attractive for a quick sale and the  small downturn at the min

Maybe arrange  an open day rather than individual viewings 

Without re-reading OP, I take it all probate procedures have now been done ?

The highlighted bit, is that hearsay or do you have evidence about this relating to this company?

I've looked up the reviews and could hardly find any but there was no evidence of what you have posted so it would be helpful if you posted a link.

user1977

diystarter7 said:

babyblade41 said:

Don't use these people , there are a very few reasons why people would use this type of company & from your OP you don't fall anywhere near this category.


Go the normal route with 3 agents valuing , this shouldn't be stressful as you aren't buying & selling, in a chain & emotionally invested in your next home.

Their normal MO is to keep you sweet then want simultaneous exchange & complete then drop the price drastically  on the morning of the transaction day 


Check comparable price properties (price sold not for sale) then probably drop a percentage to make it attractive for a quick sale and the  small downturn at the min

Maybe arrange  an open day rather than individual viewings 

Without re-reading OP, I take it all probate procedures have now been done ?

The highlighted bit, is that hearsay or do you have evidence about this relating to this company?

It's the typical modus operandi of all such companies. They've already get a desperate seller, they string them along, then chip the price by the stage at which the seller is even more desperate and will just say yes. Plenty of previous threads here discussing them.

Ath_Wat

diystarter7 said:

babyblade41 said:

Don't use these people , there are a very few reasons why people would use this type of company & from your OP you don't fall anywhere near this category.


Go the normal route with 3 agents valuing , this shouldn't be stressful as you aren't buying & selling, in a chain & emotionally invested in your next home.

Their normal MO is to keep you sweet then want simultaneous exchange & complete then drop the price drastically  on the morning of the transaction day 


Check comparable price properties (price sold not for sale) then probably drop a percentage to make it attractive for a quick sale and the  small downturn at the min

Maybe arrange  an open day rather than individual viewings 

Without re-reading OP, I take it all probate procedures have now been done ?

The highlighted bit, is that hearsay or do you have evidence about this relating to this company?

It's how all such companies operate.  It's how they have to operate to exist.

Do you think they make money by buying houses and reselling them for what they paid?  Or by making a couple of thousand pounds on two transactions of hundreds of thousands, with all the associated costs?

diystarter7

Ath_Wat said:

diystarter7 said:

babyblade41 said:

Don't use these people , there are a very few reasons why people would use this type of company & from your OP you don't fall anywhere near this category.


Go the normal route with 3 agents valuing , this shouldn't be stressful as you aren't buying & selling, in a chain & emotionally invested in your next home.

Their normal MO is to keep you sweet then want simultaneous exchange & complete then drop the price drastically  on the morning of the transaction day 


Check comparable price properties (price sold not for sale) then probably drop a percentage to make it attractive for a quick sale and the  small downturn at the min

Maybe arrange  an open day rather than individual viewings 

Without re-reading OP, I take it all probate procedures have now been done ?

The highlighted bit, is that hearsay or do you have evidence about this relating to this company?

It's how all such companies operate.  It's how they have to operate to exist.

Do you think they make money by buying houses and reselling them for what they paid?  Or by making a couple of thousand pounds on two transactions of hundreds of thousands, with all the associated costs?

Then post the reviews indicating this for this co where people have said that.

"all"? I doubt it very much.
Not everyone is the same

Ath_Wat

diystarter7 said:

Ath_Wat said:

diystarter7 said:

babyblade41 said:

Don't use these people , there are a very few reasons why people would use this type of company & from your OP you don't fall anywhere near this category.


Go the normal route with 3 agents valuing , this shouldn't be stressful as you aren't buying & selling, in a chain & emotionally invested in your next home.

Their normal MO is to keep you sweet then want simultaneous exchange & complete then drop the price drastically  on the morning of the transaction day 


Check comparable price properties (price sold not for sale) then probably drop a percentage to make it attractive for a quick sale and the  small downturn at the min

Maybe arrange  an open day rather than individual viewings 

Without re-reading OP, I take it all probate procedures have now been done ?

The highlighted bit, is that hearsay or do you have evidence about this relating to this company?

It's how all such companies operate.  It's how they have to operate to exist.

Do you think they make money by buying houses and reselling them for what they paid?  Or by making a couple of thousand pounds on two transactions of hundreds of thousands, with all the associated costs?

Then post the reviews indicating this for this co where people have said that.

"all"? I doubt it very much.
Not everyone is the same

All companies with a particular business model have the same business model.  If a "we buy any house company" make you a  very low offer in the first place, maybe they won't drop it.  If they have offered you "close to what you expect", then of course they will drop it.  What do you think they will do?  Go through with the deal and lose money?

Try and think about it.  You are asking me to post proof that recently deceased Nigerian billionaires' sons don't exist, and claiming that this recently deceased Nigerian billionaire's son might be different.

thegreenone

HILMAR LAND AND INVESTMENT (2005) LIMITED overview - Find and update company information - GOV.UK (company-information.service.gov.uk)

I sold my late Mum's flat through the conventional way.  For probate I approached a local estate agent whom I knew sold lots of flats in the complex.  They increased the price and I got Asking within a week.  I used Mum's solicitor (Will & LPA) and apart from signing the contracts etc it was easy - no hassle at all.  I didn't have to chase anyone.  I think their fees were around £1200 so divided by the four of you, it's not much out of your inheritance. 

MellowLedbetter

silvercar said:

Every business is entitled to make money, otherwise why would they exist? Some options:

a) they are getting the property cheap and will resell it
b) they have builders and trades lines up to improve the property and sell at a good profit
c) the land is worth something to them as part of a bigger scheme

Having a solicitor they have worked with previously helps them encourage you in the right direction.

I agree with this and think (b) is the most likely. It's something that we are not in a position to do, even if we would like to.