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Sell Property to Investor

245

Comments

  • missile
    missile Posts: 11,931 Forumite
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    Not really. It is he who is delaying and I have incurred solicitors costs too

    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • missile
    missile Posts: 11,931 Forumite
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    Most reputable limited companies have a website. Had I been aware buyer did not with only £1 capital, this would have raised a red flag.

    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • missile
    missile Posts: 11,931 Forumite
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    edited 20 June at 12:38PM

    I don't know where you got your info?

    According to a survey by Forbes Advisor: 78% of small business owners in the UK currently have a website for their business

    According to networksolutions.com: As of 2025–2026, approximately 73% to 83% of U.S. small businesses have a website.

    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • Isthisforreal99
    Isthisforreal99 Posts: 1,285 Forumite
    1,000 Posts First Anniversary Photogenic Name Dropper

    The buyers company was probably only set up to hold their property portfolio in for tax reasons. Absolutely zero reason they would need to have a website.

  • eddddy
    eddddy Posts: 18,671 Forumite
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    I tried to sell to an investor. Contacted a few and accepted what I thought was a reasonable offer.

    I guess these are the types of questions you might need to think about:

    • How did you track down those investors? People who advertise "I'm an investor" probably aren't really.

    • Have you checked that the investor has the money to buy your house? For example, have you seen their bank statements?

    • How was the investor going to make money from buying your house?

    • Has the investor got a successful track record in buying houses?

    • If the investor was looking for a property to buy, why didn't he look on Rightmove for properties?

    TBH, you might be better off instructing a regular estate agent, and explain that you will accept a lower offer from a cash buyer.

    The estate agent might have suitable contacts. (For example, when I recently instructed an estate agent, they knew of three BTL investors who were looking for a property at that time, so they got them in to view before they had even put the listing up on Rightmove.)

    And the estate agent will do things like check the buyer's finances, and they have probably dealt with many "time wasters" before, and will know how to spot them.

  • user1977
    user1977 Posts: 19,811 Forumite
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    I ask again, what purpose would a website serve this guy? If he's just buying properties which are advertised, and then letting them out (or flipping them) I'd expect all the advertising to be via the usual agents.

  • missile
    missile Posts: 11,931 Forumite
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    As I have already stated: having only £1 and no website would have been a red flag

    I ask again, "where did you get YOUR info" as you appear to be wrong

    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • missile
    missile Posts: 11,931 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 20 June at 2:07PM

    My point was; Had I known company had only £1 assets and no website would have been a red flag. A company holding a property portfolio would have shown these assets in their accounts

    image.png

    I can think of several reason why a property company would need a website.

    Many if not most(?) reputable property companies will have a website.

    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home :iloveyou:
  • FreeBear
    FreeBear Posts: 18,671 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic

    According to a survey by Forbes Advisor: 78% of small business owners in the UK currently have a website for their business

    That leaves 22% of business owners (or 1 in 10) that don't have a web site. If you include all the investment vehicles registered in the Channel Islands or the Ilse of Man, that percentage is likely to increase dramatically.

    Some businesses just do not need a web site.

    And I'm struggling to see how you have been scammed at this point. Strung along perhaps, but that is a long way from being a scam.

    Any language construct that forces such insanity in this case should be abandoned without regrets. –
    Erik Aronesty, 2014

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
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