Instant cash sale house

ReadySteadyPop

MeteredOut said:

ReadySteadyPop said:

MeteredOut said:

ReadySteadyPop said:

A lot of these companies have a database of "investors", but I believe there are a lot less potential investors interested in property than there used to be.

Is your belief based on any underlying data, or purely hope?

It is based on the number of For Sale/To Rent signs I see hanging around, data can be manipulated depending on the vested interest of the publisher. If "investors" were actively out looking and making offers half of these "quick sale" companies wouldn`t exist.

So, purely anecdotal. Thanks,

Use the internet to research it, there is a recent "This is Money" article on new-builds that strongly indicates to me that investors are staying away and FTB are being allowed less access to debt.

ReadySteadyPop

ExEstateAgent said:

silvercar said:

ExEstateAgent said:

Photoframe55 said:

    
Can anyone recommend any such companies, who don't constantly harass you after they've given you an offer, and aren't cowboys  !!!?? 

No. 

Quickest way to sell is traditional auction and you have some control at least (setting your reserve price and any special conditions of sale) - exchange happens when the hammer falls and completion is usually 4 weeks later, but you will have to be prepared to take a price that's significantly less than full market value (unless you are lucky on the auction day, some places sell for as much or more as they'd make through an agent). 

The risk of selling via an agent (even at a 'bargain' price to get a quick sale) is the usual stuff of 'cash buyers' turning out to actually getting a mortgage, the timescales of the solicitors and usual checks, issues on survey, buyers change of circumstances leading to them pulling out etc. etc. 

So, if you can take a hit and want to sell for sure, go auction, otherwise go via an EA (and maybe say you will only agree sales to cash or chain free buyers) and keep your fingers crossed! 

Bit of a contradiction there!

Not really, you can try for cash buyers but you never know for sure that someone isn't going to decide to get a loan after all, for whatever reason. 

Maybe, but why would a serious cash buyer pay interest on debt when they don`t need to? Maybe when rates were near zero, in certain situations the loan may have made sense but not now?

Herzlos

ReadySteadyPop said: 

Maybe, but why would a serious cash buyer pay interest on debt when they don`t need to? Maybe when rates were near zero, in certain situations the loan may have made sense but not now?

Because not everyone is sitting on buying houses with cash money. Some may also decide that they can get more out of their money by borrowing on a house. 

His point was that even if someone says they are a cash buyer, even if you see a bank statement with the cash, they may delay because of a mortgage anyway. 

ReadySteadyPop

Herzlos said:

ReadySteadyPop said: 

Maybe, but why would a serious cash buyer pay interest on debt when they don`t need to? Maybe when rates were near zero, in certain situations the loan may have made sense but not now?

Because not everyone is sitting on buying houses with cash money. Some may also decide that they can get more out of their money by borrowing on a house. 

His point was that even if someone says they are a cash buyer, even if you see a bank statement with the cash, they may delay because of a mortgage anyway. 

All possible maybe, that is why I said "serious" cash buyers. Higher  borrowing rates and more houses sitting unsold put genuine cash buyers in the driving seat more than they have been for years.