We can exchange contracts in less than 5 days, while looking to complete in a time frame that suits yourself. We know that moving can be stressful and we want to take care of the whole process for you, this means you can focus on the big picture letting us take care of the stress!
Speed Property Buyers will also buy land you own, and many properties that are suitable for conversion into other uses such as flats or commercial use. We can also help you stop repossession and offer you tips for selling at auction feel free to just ask.
Avoiding ‘We Buy Any House’ Scams
In these modern times, we’re bombarded with some form of scam or another, email scams, SMS scams and our phone ringing us telling us we’ve been in an accident! At some point or another, it has happened to us all. The internet is really no different. When you search for we buy any house companies many look legitimate and some are however, many are what is know as lead generation websites. What does this mean though? Well, it means that they’ll sell your data on to make money, they won’t directly have any ability to help you. If you’ve ever read the terms and condition it’ll mention passing data there, though who takes the time to read the policies?
Many of the top sites offering advice once again sell your data to ‘trusted’ partners. This is also a large reason why so many complaints about sales falling through, it’s happening because the companies and associates are not equipped to deal with properties and the market.
Some companies will offer high prices and hook you in and even tie you into a contract and drop the price when they cannot secure the property at that price. Do your research and ensure that you are working with a legitimate company. So, Beware of scams and websites that do not have funds to purchase your house.
There are plenty of adverts in the national press or online stating ‘We Buy Any House’ or ‘Cash in 24 hours’ – we urge sellers to be very cautious.
Signs of a scam
Beware of ‘advice’ if you can’t see how a website makes revenue it probably means your data is the product.
Many ‘cash for houses’ and ‘we buy houses’ scams can be avoided by doing a thorough background check on any company that claims to be in the business of buying or selling properties. Check quotes are legitimate if you can’t find them chances are they’re not real, yes that may well mean the queen doesn’t endorse that company! do a sense check it’s easy to make up quotes, if they’re too good to be true it may not be true. This can be the same for reviews, take a moment to look through their reviews. Have they all been received in a clump,? Does each person only give one review? if they are multiple reviews are they reviewing places all over the world? these can be signs that they are not legitimate reviews. Take a few min to look over the latest reviews too across different platforms.
Do they lack accreditation?
Many companies will post along the lines of ‘for information only’ aka. mitigating responsibility. Are they members of the NAPB or the property ombudsman? Many will say they do not need accreditation or that you do not need to see it, this should send alarm bells ringing, accreditation gives you a bit of a safety net that they will be adhering accreditation to codes of practices.
Are they a real company?
Many companies will post along the lines of ‘for information only’ aka. mitigating responsibility. Are they members of the NAPB or the property ombudsman? Many will say they do not need accreditation or that you do not need to see it, this should send alarm bells ringing, accreditation gives you a bit of a safety net that they will be adhering accreditation to codes of practices.
I’ve heard of subject to transaction but What is a “subject to” transaction?
A “subject to” transaction is when a company or person takes over the mortgage payments from the person who is selling their house. This strategy typically used by cash-for-homes companies, and is against the law. They’ll take over the mortgage and give back some cash but fail to pay them and they’ll take your house, stay far away from anyone offering this. We do not offer this nor would we recommend this.
Who Should Look for a ‘We Buy Any House’ Sale?
A lot of if you should use a quick house company to sell your house fast but the biggest is personal cicumstances, it is not a solution for everyone.
If you have equity and need to sell quickly or have tried an estate agent and it didnt work out then the service might work for you, this all assuming you’re willing not to accept full market price aswell.
Cash buying companies need to pay less for a property than they will sell it for – so usually pay around 80-85% of full market value. If they tell you they will pay 100% market value you should be on high alert.
If you are unable to sell on the normal market or you have a special reason to sell fast such as money worries, an unwanted inherited property, emigration etc. For sellers in this kind of situation, a professional cash buyer can work very well. You should never feel pressured into selling your home or pushed into uncomfortable arrangements. If you have any questions or concerns at Speed Property Buyers we’re here for you.
How much do ‘we buy any house’ offer?
When asking what percentage do we buy any house offer? You should have a figure in mind as due to the nature of quick property sales most we buy any home buyers will only pay around 85% of market value, some less and some more. caution should be taken for anyone trying to give a full market value.
Deciding on a Quick House Sale Company
Before you approach a cash buyer it;s a wise idea to check out their credentials. Although the industry is not regulated, there are ways to safeguard yourself and your property.
Many of the quick house sale scammers are advertising online and in reality have no business premises and little more than a website. It is well worth checking if the company has a address and offices, you can even look to see if they have a company number.
If you choose a cash buyer who is a member of NAPB you can be confident that they will be adhering to the Code of Practice and will treat you fairly and honestly. If the cash buyer is working purely as a broker, the company should be a member of The Property Ombudsman (TPOS).
Do not be tied into a long contract with the cash buyer. Estate agents work to 8-12 week time span and certainly a cash buyer should be working to much less – unless they don’t have adequate funds to pay you or are hiding the fact that they are acting as a broker. This is also often why there are sudden drops in offers at the last minute, something we never do.
Do not be in a hurry to sign until the survey and all the legal work have been completed. If the cash buyer says that the offer must be reduced because of what the survey has revealed, you are quite within y/our right to see the survey and shouldnt feel pressured, you can always shop around!
Who Do You Contact If You’re Unhappy with Your Cash Offer?