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House Buyer Bureau

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martin49
martin49 Posts: 8 Forumite
in House buying, renting & selling
Hi, this is my first post. Does anyone have any experience of Below Value and House Buyer Bureau companies who buy houses quickly?
Thanks.

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  • hazyjo
    hazyjo Posts: 15,470 Forumite
    First Anniversary Name Dropper First Post Photogenic
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    Nobody on here will recommend any such company. They pretty much all give low valuations and it's common for prices to be dropped again before exchange/after survey.

    Call me cynical, but I'm wondering if someone will pop up as a newbie singing their praises... hmmm.

    Jx
    2023 wins: *must start comping again!*
  • martin49
    martin49 Posts: 8 Forumite
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    Thanks. Interesting. They say they get 2 local estate agents to value, then reduce by 10%. Doesn't sound too bad but obviously that isn't how it eventually works.
  • hazyjo
    hazyjo Posts: 15,470 Forumite
    First Anniversary Name Dropper First Post Photogenic
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    Who's 'they'?

    That's what people are generally advised to do 'normally' (aim for -10% asking price). If you think some company is going to come along and pay the same, then incur selling costs, you're very much mistaken. Chances are it'll be more like >-30% of their own valuer's valuation.

    Jx
    2023 wins: *must start comping again!*
  • martin49
    martin49 Posts: 8 Forumite
    Options
    Thanks- good to know. Very helpful.
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