We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Using a "professional" house buyer

Has anyone got any experience of using a "professional" house buying firm please?

I'm not desperate to move but there is a bigger place in a good spot on the market that I'm very, very keen on - and we've just lost a buyer (we've been on the market with an estate agent for a couple of months, just the one offer so far although a reasonable number of viewings).

A cash purchase by one of these firms sounds tempting - guaranteed sale, peace of mind and so on. But I'm aware they will offer potentially far less than I might achieve through my estate agent, despite what their websites claim...

I'd love to know if anyone has used such a firm for a valuation and if so how far short of the market value their offer was? Or any other tips/opinions.

Thanks in advance.

Comments

  • sammyjammy
    sammyjammy Posts: 7,995 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I think you'd be looking at them paying at least 20% less tha nthe valuation maybe more in the current market conditions.

    Sam
    "You've been reading SOS when it's just your clock reading 5:05 "
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    sammyjammy wrote: »
    I think you'd be looking at them paying at least 20% less tha nthe valuation maybe more in the current market conditions.

    Sam

    And remember they do the valuation themselves, and will value your house on the low side.

    It's almost always better to just cut the price by 20% yourself and get a fast sale that way.
    poppy10
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.2K Work, Benefits & Business
  • 600.9K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.