Quick house buyers are companies that buy houses for cash, without the need to secure a mortgage. These companies are popular with estate agents and those looking to sell quickly. However, before you decide to use one of these companies, it’s important to weigh up the pros and cons.
There are a number of reasons why you might want to sell your property fast, such as being unable to afford your mortgage repayments, moving Express home sale to another country for work or retiring. It’s also possible that you might have inherited a property from a loved one and need to split it amongst beneficiaries under their will.
In these situations, selling your home for cash may be the best option. It’s worth contacting your local estate agent to see what your home is likely to be worth on the open market. You should also check whether the company you’re thinking of using is a member of the National Association of Property Professionals (NAPB) or is registered with The Property Ombudsman.
Most companies that buy houses for cash are investor-backed or private firms. Some are ‘iBuyers’, which operate online and typically give sellers an offer within a few days. Others, such as We Buy Any Home, have a network of local offices that can visit your property to assess its value before making an offer.
Cash buyers are usually companies or investors who want to resell your property. They can therefore offer lower prices than what you might expect to get from a traditional sale. This is because they’re looking to make a profit, not give you the highest price for your property.
Some cash buyers might also be less flexible when it comes to the timescales of your sale. They might want to move in a matter of weeks, rather than the typical month that it takes for a property to sell when a mortgage is involved. This can be a real headache for people who are trying to sell their homes fast.
If you’re interested in working with a company that buys houses for cash, it’s worth getting a couple of quotes. Make sure you ask how they’ll evaluate your property and if they’ll be willing to negotiate on the price. Also, make sure you’re clear about any fees that might be payable, including commission.
Be wary of any buyer who says they won’t need to visit your property to evaluate it, as this is often a sign that they’re not taking the process seriously. It’s also a good idea to contact your local estate agent to get an appraisal of your home, which will help you gauge what it might be worth on the open market. Having this information will ensure that you’re not overselling your property. It will also give you an idea of what a reasonable offer might be. This will help you avoid being disappointed if a cash buyer makes an offer that’s too low.
