AB Newswire

Quick House Sale Companies, Can You Really Achieve 100 Per Cent Market Value for a Cash Sale

 
Repost This

Tyne And Wear, UK -- (SBWIRE) -- 01/07/2014 -- Sell House Quick - is it really possible to achieve 100% market value from a Fast House Sale company?

Best Prices Paid never claim to be able to pay 100 per cent of the market value for property in a cash purchase and achieve a fast home sale, however a number of companies do. Don't be fooled by false claims, and always know the facts.

Even after an investigation from the OFT (Office of Fair Trading), it is apparent that a number of companies operating in the 'sell your house for cash' sector are still falsly advertising to consumers, and offering up to 100 per cent market value in exchange for a cash sale. Some even claiming to be able to sell in as little as 24 hours.

Sellers Need To Be Aware Of The Tricks.

The most common scenario in the 'quick sale' marketplace appears to be a number of estate agents claiming to be cash buying companies, when in actual fact they don't have the funds to purchase property. This often leads to confusion and upset to the vendor an in the past led to an industry investigation from the OFT.

Other companies are relying on mortgages to purchase property, which is far more time consuming than a cash sale, and less secure.

Recent studies have also indicated that some companies have been drastically dropping prices at the last minute, leaving buyers with an ultimatum, sell at the lower price, or risk losing the sale altogether.

Action Needs To Be Taken.

The director of one quick sale firm, Best Prices Paid believes that tougher action is needed in order to clamp down on these activities which are tarring the quick sale firms with the same brush.

Having now helped thousands of people sell their property for cash, David Sessford of Best Prices Paid says:

"If you went in a shop and bought something priced at £1, you wouldn't expect to get to the till and have that price raised to £2. It is only right that consumers know exactly what is happening with a house sale process and what a company intends to do in order to achieve a quick house sale."

David explained:"Sometimes listing a property on Rightmove and Zoopla is not enough, and a vendor may have already listed with their local agent for a considerable amount of time before considering a cash sale. To then visit a supposed cash buying website only to be re-listed on the open market is very confusing and in no way offers the seller a guaranteed sale."

A Clear Explaination.

It is apparent that what is needed in the industry is some set guidelines and a standard explaination for potential sellers from the companies in order to show what their intentions are.

Best Prices Paid have the funds readily available to purchase any property for cash, in as little as 7 days, and are one of only a handful of companies in the sector that state on their website that they will not purchase property for 100 per cent market value. They do offer an 'up to 100 per cent" product, but this is an entirely different business model to their cash buying arm, and vendors are made aware of that from the first instance.

The rule of thumb is, if it sounds too good to be true, the chances are it is. For free impartial advice from Best Prices Paid, who are one of the industries leading companies, and registered with the Property Ombudsmen for vendors peace of mind, you can request a free online valuation directly on the website.