we buy any house companies

user1977

I don't think the "neighbour dispute" here really amounts to anything, if it's solely about the (obvious) state of disrepair next door.

GDB2222

The OP said the house is worth £130k, but is that the true value, taking into account the neighbouring property? If it is, then that’s the price to market it for, and it will sell in the normal way, to a normal buyer.

If £130k is some theoretical value that would apply if the neighbouring property were in good condition, then it is not really the value at all.

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Dustyevsky

All houses sell when correctly priced, but owners may be reluctant to accept what that is. Taking a hit may impact an onward purchase so much, a move won't seem worthwhile.

Out in the country, near me, there's an enclave of 15 properties, most modestly sized. During the Covid boom, a few of these houses sold at good prices, compared with previous times.

Now, demand's fallen, but the owners are still pitching asking prices at 2021 levels. The result: 6 houses marketed in 2 years, and one sold (after an 18% reduction)

Last year, the OP took a 'look around' other property for sale and decided to stay put. They're like my neighbours in the sense they want to move, but don't feel enabled. Regardless of potential reasons, there seem to be many people in this situation now.

MEM62

I guess they are OK if you are willing to sell your property for about 60% of what it is worth. That's the kind of figure I was looking at when I approached a couple of companies when I put my flat up for sale. Unsurprisingly, I ended up selling it conventionally for the market value.

RelievedSheff

You will be better off just selling via and estate agent and pricing the property to take account of the property next door.

If the sale value would be £130k try marketing at around £117k.

We Buy Any House type companies will offer you a low amount and then reduce it further just before exchange. They have to make a profit as well, they area business after all. You would be lucky to come away with £85-90k from one of those outfits.

Far better to market traditionally for a lower value.

MyRealNameToo

https://forums.moneysavingexpert.com/discussion/6681341/we-buy-any-house-companies

Yes, but in a roundabout way in that I was asked to develop a system for one of them. I would also note that it was before the regulations changed and sell & rent back didnt require regulation.

There is a lot of smoke and mirrors, in the cases of the sites I was given access to and what they wanted me to replicate for them there was one site where consumers say they want to tell their house quick, with promises of it being completed within 2 weeks of agreeing a price. They are purely a lead generation tool. The company then qualifies the lead gives a ballpark valuation.

The property is then listed on a second website, as a hot lead, which people pay a subscription to access and then pay a per property fee to buy your contract details. They then contact you and take it from there so it's their member that really buys it not the website first contacted really.

As others say, the initial price will be below value but probably ok for the convenience of the speed but the offer will drop before you exchange. It probably used to be worse in the rent back but then thats presumably why it became regulated activity