Gaffsy review 2024
Cash house buyers overview & costs
- Enter your postcode above for a free cash offer
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Who are Gaffsy?
Gaffsy is an established player in the cash house buying industry, previously known as Sell House Quick Now. Sell House Quick Now (previously known as RedHot PLC) was a cash buying company operating out of London.
The company rebranded in 2023 but continues to offer the same core services under their new name. According to their website, they only have four members of staff, all acting as property valuers.
As a member of both The Property Ombudsman and the National Association of Property Buyers, Gaffsy follows strict codes of conduct, ensuring transparency and professionalism.
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Their affiliation with these organisations also provides customers with access to a Redress scheme, offering an added layer of protection and peace of mind throughout the property sale process.
Gaffsy operates on a business model similar to ours, focusing on cash purchases of properties, offering homeowners a fast and straightforward alternative to traditional estate agents. However, they do not possess the same level of cash buying power or resources that we do, which can affect their capacity to complete larger or more complex transactions as quickly.
Where are they located?
Gaffsy’s office is located at Unit 617, The Shepherds Building, Charecroft Way, London, W14 0EE. This location in West London places them in a strong position to serve property sellers throughout the city and surrounding areas, although they do suggest that they operate nationwide.
What are their opening times?
Gaffsy is open every day from 9am to 6pm, allowing potential sellers to contact them during these hours for inquiries, consultations and to begin the house sale process.
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What services do Gaffsy offer?
Gaffsy provides a standard cash house buying service, aimed at offering homeowners a quick and hassle-free sale. While their approach doesn’t significantly differ from many other cash buyers, they have creatively highlighted their services, using the letters of their name:
G: Genuine cash buyer
Gaffsy buys properties using their own funds, ensuring there are no delays due to mortgage approvals, third party lenders or property chains. This also means no need for lengthy surveys, allowing for a quicker sale process.
At The Property Buying Company, we have significantly larger cash reserves compared to Gaffsy, enabling us to buy your property directly without delay. Recently, a Gaffsy team member reached out to investors on Linkedin, seeking assistance to facilitate purchases for properties they were unable to secure.
While we also work with investors through our subsidiary, we have built a well-established network of over 3,000 pre-vetted property investors. This ensures that, when needed, your home is offered to serious buyers who are ready and qualified to proceed.
A: Accredited
Gaffsy is a certified member of the National Association of Property Buyers and The Property Ombudsman. This accreditation guarantees that they operate in line with industry standards, giving sellers the confidence that they are dealing with a regulated and trustworthy company.
The Property Buying Company is one of the founding members of the National Association of Property Buyers, which is a part of The Property Ombudsman. We put the customers at the heart of everything we do, which is why we have a dedicated customer care team & property consultants ready to look after you at every step of the process.
F: Flexible timeline
Gaffsy also tailors their sale timeline to meet the seller’s needs. They can complete the sale in as little as 7 days or extend the process to suit the seller’s preferred moving date.
Although it’s common for most cash buyers in the housing market to operate on their own timelines, The Property Buying Company prioritises your preferred schedule, offering you a less stressful and more streamlined selling experience.
F: Fair pricing
Gaffsy prides itself on offering a fair deal, with no hidden fees or costs. Their Below Market Value offer is the final amount you receive, as there are no deductions for estate agent commissions or other expenses.
On the Gaffsy website, there’s no clear indication of whether they cover your legal fees, but we can confirm they do cover your legal fees up to £1,500, as long as contracts are exchanged within 30 days of accepting their offer.
The good news is, at The Property Buying Company we cover every single selling cost you would usually encounter when selling a house, including all legal fees.
S: Stress free
The company promotes a straightforward and hassle-free sales experience. They handle all the paperwork, legal matters and logistics, ensuring homeowners can sell their home without the usual stress and complications involved in a traditional sale.
At The Property Buying Company, we have a dedicated team of over 40 professionals across various departments, including marketing, property acquisition, customer care, sales progression and even an in-house solicitor. This structure allows us to work efficiently, providing you with a fast, seamless, and stress-free experience.
In contrast, Gaffsy relies on a smaller team of just four property valuers, which may limit their ability to provide the same level of personalised service and speed. With The Property Buying Company, you can expect a smoother, more efficient experience that minimises stress.
Y: Your trusted buyer
Gaffsy’s reputation is bolstered by their inclusion in well known UK media outlets such as The Daily Mail, Evening Standard and the Halifax Online Portal. This exposure strengthens their position as trusted cash buyers within the housing market.
The Property Buying Company has earned recognition in some of the UK’s most reputable media outlets, including (but not limited to); The BBC, The Times, The Sun, The Daily Express, Ideal Home, and The Telegraph.
We are also proud to be one of the very few UK cash buyers to be featured on NASDAQ, and our directors were invited to New York to discuss the UK housing market on the NASDAQ Trade Talks show. This exposure not only reflects our industry expertise but also shows our credibility as a trusted leader in the property buying market.
What is their cash house buying process?
Gaffsy doesn’t bring anything new to the cash buying industry, as their process is pretty much a carbon copy of every other cash house buyer in the market at the moment:
1. Sign up
To begin, sellers can visit Gaffsy’s website and use their postcode inquiry form to request a cash offer. Once submitted, a member of their team will contact you to confirm your house details and discuss your circumstances. At this stage, you’ll need to decide if you want to proceed further.
2. In-person valuation
After expressing interest, Gaffsy arranges for one of their property valuers to visit your home. This is an important step, as the valuer will assess the condition, location and market potential of your home in person. The valuation is key to determining the final cash offer.
3. Formal offer
Following the in-person valuation, Gaffsy will provide you with a formal offer based on your home’s condition and current market conditions. The offer will usually reflect a below-market-value figure, as is standard in the quick sale industry. You will then need to decide whether to accept or decline the offer.
4. Conveyancing
If you choose to accept the offer, Gaffsy will instruct their solicitors to begin the legal conveyancing process. During this time, a completion date will be agreed upon that suits both parties. Gaffsy handles the majority of the legal work and administrative tasks to make the process as hassle-free as possible for the seller.
5. Completion and cash payment
Once the conveyancing is completed, the sale will be completed, and the funds will be transferred directly to your bank account. Gaffsy claims that they can complete the entire process within as little as 7 days, depending on the seller’s requirements and the complexity of the transaction.
Gaffsy online reviews
Gaffsy, a self-proclaimed ‘trusted’ cash house buyer, does not currently feature on Trustpilot, which raises concerns as Trustpilot is widely recognised for its verified and transparent reviews.
They do, however, have a Google Reviews rating of 4.8 stars from 38 reviewers. While impressive at first glance, it’s important to note that Google does not verify its reviewers in the same way Trustpilot does, so this score might not fully reflect authentic customer experiences.
In contrast, The Property Buying Company standards out as the UK’s most rated cash buyer. With over 2,400 reviews on Trustpilot and a 4.7 star rating, we are proud of the trust and transparency this reflects. On Google, we also maintain a solid 4.1 star rating from 174 reviews, which shows a wider base of customer feedback across platforms.
Are they trustworthy?
Although Gaffsy lacks in certain areas, they can be considered a trustworthy company in the cash house buying industry, because they have:
Reputable accreditations: Gaffsy is a certified member of both The Property Ombudsman and the National Association of Property Buyers. These organisations enforce strict codes of conduct, ensuring that Gaffsy operates with transparency and professionalism. Their affiliation with these bodies also provides customers access to a Redress scheme, adding an extra layer of protection.
Transparent business model: Gaffsy’s process for buying houses is clearly outlined and follows industry standard practices. They promote a stress-free and straightforward sale process, which includes handling most of the paperwork and legal matters.
Positive online reviews: Despite not having a presence on Trustpilot, Gaffsy has gathered positive feedback on Google Reviews, with a 4.8 star rating from 38 reviewers. While Google reviews are not verified to the same extent as Trustpilot, this score still shows customer satisfaction, albeit from a smaller base.
Trusted media exposure: Gaffsy has been featured in respected UK media outlets, which enhances their credibility as a cash buyer.
However, there are a couple of potential concerns to note:
Lack of Trustpilot profile: The absence of Trustpilot reviews can raise questions about transparency, especially as Trustpilot is known for its verified customer feedback.
Limited resources: Gaffsy operates with a small team of four property valuers, which might limit their ability to handle more complicated transactions quickly compared to larger competitors like The Property Buying Company.
In conclusion, while Gaffsy appears trustworthy based on its industry affiliations and positive reviews, it may have some limitations in comparison to The Property Buying Company.
Pros and cons when using Gaffsy
When considering Gaffsy as a cash house buyer, it’s important to weigh the advantages and disadvantages, as although they look good on the surface, they don’t do anything better than The Property Buying Company:
Pros
Quick sale process
Gaffsy can complete a house purchase in as little as 7 days, offering a fast alternative to traditional estate agents, who often take months to complete a sale. The speed is beneficial for sellers needing to move quickly due to repossession, relocation or other pressing reasons.
No legal fees*
Gaffsy covers up to £1,500 in legal fees as long as contracts are exchanged within 30 days of accepting the offer. This can save sellers from having to pay out of pocket for solicitor fees, lightening the financial burden associated with the sales process.
Simplified process
As a cash buyer, Gaffsy eliminates the need for mortgage approvals, and the potential delays of a property chain. This makes the sale process more straightforward and less prone to unexpected complications.
Flexible completion dates
Gaffsy allows sellers to choose their preferred completion date, providing flexibility to align the sale with their moving plans. This can reduce the stress of being forced into a timeline that doesn’t suit the seller’s needs.
Cons
Below market value offers
Like most cash buyers, Gaffsy offers a lower price than what you could achieve through the open market. Sellers may end up receiving significantly less for their home than they would with a high street estate agent.
Limited buying power for larger properties
Gaffsy, with its smaller team and financial resources compared to larger companies, might struggle to complete more complicated or high value transactions as quickly. For those selling larger or more expensive homes, this could limit their ability to get the best deal or complete the sale within their desired timeline.
Smaller team, potential for delays
With only four property valuers on staff, Gaffsy’s smaller team may face limitations in terms of personalised service and the ability to handle a high volume of transactions simultaneously. This could lead to delays, particularly in busy periods, reducing the speed advantage they advertise.
Don’t have a Trustpilot
Gaffsy does not currently have a Trustpilot profile. While they have positive reviews on Google, these are not rigorously verified, which may lead to concerns about the authenticity and reliability of customer feedback.
Fees limitation
Gaffsy’s offer to cover legal fees is capped at £1,500, which may not be enough for all transactions, especially if complications arise. Sellers could end up having to cover any additional legal expenses out of pocket if the legal process becomes more complicated than expected.
How do we compare?
While Gassy is suited for occasional cash purchases, The Property Buying Company stands as a leading UK cash buyer with millions of pounds in cash reserves, ready to buy properties across England and Wales. Our financial strength allows us to provide faster, more reliable transactions, regardless of the property type or location.
Although many cash buying companies in the UK offer tailored services to meet their customers’ needs, The Property Buying Company goes above and beyond by placing the customer at the heart of every step in the process. It’s one of the core principles that drove us to start this business over 13 years ago, and it’s why we’ve helped thousands of homeowners successfully sell their homes.
Our company has expanded from direct cash purchases into related services, such as estate agency, investor purchases and property auctions, ensuring a comprehensive, seamless house selling experience for all our customers.
We aim to make selling your house as easy and stress free as possible. Whether you’re selling due to relocation, repossession, off-loading rented property or simply want a quicker sale, we are committed to buying your home.
We’re proud to be members of The Property Ombudsman and the National Association of Property Buyers, operating with the highest industry standards. As the UK’s most highly rated cash buyer on Trustpilot, we have earned a strong reputation for trust and transparency. Additionally, we cover all your selling fees, including legal fees, with no cap — ensuring you get a hassle and cost free sale.
When selling your home, it’s always wise to explore your options. If you’re finding that Gaffsy isn’t offering what you need, why not get a free, no obligation quote from us? It takes just a minute, and you might find the ideal solution for your house sale.
Frequently asked questions
What is Gaffsy?
Gaffsy is a cash house buying company that offers a fast and hassle free way to sell properties in the UK. They specialise in buying homes directly with cash, providing an alternative to the traditional house selling process, which can often take months. Gaffsy operates nationwide and offers a flexible service that allows homeowners to act quickly without dealing with property chains or mortgage delays.
How does Gaffsy differ from high street estate agents?
Unlike high street estate agents, who list your house and wait for potential buyers, Gaffsy buys your home directly for cash. This eliminates the need for viewings, lengthy negotiations, and the risk of sales falling through due to buyer mortgage issues.
Estate agents usually take months to complete a sale, whereas Gaffsy can complete the transaction in as little as seven days. However, the trade off is that Gaffsy offers Below Market Value prices, whereas high street estate agents aim to sell your home for the highest price possible.
How does Gaffsy handle fees and costs?
Gaffsy covers most of the selling fees, including up to £1,500 in legal fees if contracts are exchanged within 30 days of accepting their offer. This reduces the financial burden on the seller, as you won’t need to worry about paying solicitor fees for estate agent commissions. However, if legal costs exceed £1,500 or the sale takes longer than expected, you might be responsible for additional expenses.
What should you be aware of when using Gaffsy?
When using Gaffsy, it’s important to be aware that they offer Below Market Value for your home. This is standard for most cash house buyers, as the benefit lies in the speed and simplicity of the sale, not in achieving the highest possible price.
Additionally, Gaffsy’s smaller team may have limited capacity for handling more complicated transactions, and their absence on Trustpilot raises questions about the transparency of their customer feedback compared to companies that use verified review platforms.
What are the benefits of using Gaffsy?
The main benefits of using Gaffsy include a quick sale process, with the potential to complete in as little as seven days. They also handle most of the legal paperwork and cover your legal fees (up to £1,500), which simplified the sale for homeowners. Gaffsy operates without property chains or mortgage complications, making it a good option for sellers who need to move quickly and want a hassle-free experience.
Who is better, Gaffsy or The Property Buying Company?
While both Gaffsy and The Property Buying Company offer fast, cash house purchases, The Property Buying Company has several advantages. It is the UK’s most reviewed cash buyer on Trustpilot, with over 2,000 verified reviews, indicating a higher level of customer trust and transparency.
Additionally, The Property Buying Company has larger cash reserves, meaning they can handle more properties, more quickly than Gaffsy. We will also cover all legal fees with no cap, whereas Gaffsy’s legal fee contribution is limited to £1,500. For sellers seeking a faster, more comprehensive service, The Property Buying Company may be the better choice.
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