Choosing a sell house fast company - What to watch out for
We explain what you need to watch out for when choosing a company
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Here at The Property Buying Company, we predominately have one core offering, our Sell House Fast service. This service is a bit different to the typical house sale process, through an estate agent or auction.
In this article, you will find out about how to choose a sell house fast company, including the things you need to be wary of, as well as what qualities you should look for.
What To Watch For Hub
If you're looking to sell your property to a sell house fast company, there are a lot of options to choose from, so how do you know who you can trust? You might have seen some trust or accreditation logos on their website, and we go through who they likely are, and whether the industry is regulated for you below.
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What is a sell house fast company?
A sell house fast company is a company that can buy your property for cash and complete in a fast timeline, which, with the best cash house buying companies, is normally around 7 to 10 days. They tend to have a network of already built relationships to speed up all aspects of the sale, surveys and solicitors included.
They tend to purchase at a slight discount, with each company varying on the amount below the market value that they can offer. Any sell house fast company which is offering you 100% market value and promising a quick sale should be questioned, as they’re promising things they can’t deliver – if it seems too good to be true, then it probably is!
A sell house fast company is a good solution for those in need of selling their house fast – it’s most likely going to be the fastest-selling option available to you.
Why might I use a sell house fast company?
We’re always open and honest about the fact our sell house fast service isn’t going to be for everyone, making it important that you decide whether or not it’s right for you.
The main purpose of our service is speed – if you don’t have the time and patience to wait on the open market, then it’s a service that will appeal to you. Whilst you may be able to get a slightly higher amount for your property if you had the time to sit on the open market, there are no guarantees of that.
Our sell house fast service may be the best option for you if any of the following situations apply to you:
Lifestyle changes
Often, there comes a time when people decide they want to downsize to a property more suited to their needs and get equity from their current property. The need to downsize may be as a result of health or age, making it important the sale is fast and stress-free.
Avoid repossession
Sometimes people may run into financial difficulty, which could put their house at risk of repossession if they don’t act fast. In this situation, time is of the essence, making getting a quick sale essential.
Relocation
Whether you decide to move to a new city or country, relocating is something that can happen very quickly, making a sell house fast service an ideal option – taking one stress away from the relocation process.
Divorce
Going through a divorce is tough, taking its toll as a really stressful situation, making a quick, hassle-free sale a big priority, giving couples one less thing to worry about.
Inherited property
Inheriting a property and dealing with probate comes at a time when you have plenty of other stresses, meaning you don’t want to be weighed down with further worries of paying the bills for an inherited property. This is why people in this situation search for a quick house sale.
Questions to ask a sell house fast company
There are a lot of companies out there who say they offer a sell house fast service, but to make sure you’re choosing one of the best quick house sale companies, it’s important you ask these crucial questions:
Who is valuing the property and how is it being valued?
How long have they been operating?
How many homes do they buy on a yearly basis?
Is the company buying it directly or is it a third-party buyer?
What are the steps of the process?
How long should you expect the timescale to be?
Could there be any potential delays?
Should anything go wrong, do they have a complaints procedure?
Do the company have funds to buy the property immediately?
What fees will you have to pay?
Could something cause the price offered to change?
Are they a member of The Property Ombudsman or the National Association of Property Buyers?
If you’re unsatisfied with any of the answers you receive, then you should look to use a different company. Here at The Property Buying company, we’re always open and transparent and we’re confident we can answer all your questions to complete satisfaction.
We’re always open and available to talk and there’s no question too stupid to ask! We will answer all your questions, making you feel comfortable using our sell house fast service.
What should I watch out for?
When looking for a sell house fast company, there are a lot of things you need to look out for – things which only the best quick house sale companies will have:
Reviews
The best quick house sale companies will have a load of reviews on trusted review platforms, such as Trustpilot or Reveiws.io, with a majority being ‘verified’ to prove they’ve come from real customers.
It’s important to look for verified reviews, as a lot of companies can ask employees to give them positive reviews to boost their ratings on review platforms, to draw in customers.
Protection for you
Another thing the best quick house sale companies will have is protection for you as the seller. Look to see if they’re members of the National Association of Property Buyers and The Property Ombudsman. Being members of these organisations will mean that the companies must follow specific rules and procedures to make sure everything is done as it should be and that you are treated fairly.
Should anything go wrong, homeowners have a layer of protection of being able to complain to The Property Ombudsman and get compensation if the company is found to have broken The Property Ombudsman’s code of conduct.
Over-promising
A further thing to be wary of when trying to pick the best sell house fast company is to make sure the company you’re wanting to choose isn’t guilty of overpromising.
Often it can be tempting for companies to tell you they can sell your house urgently, like 24 hours, for 100% of the market value, which are two statements that are unachievable and completely false.
You should steer clear of any company that is making claims that sounds too good to be true – they sound too good to be true because they are! Any company making false promises are hard to trust, who knows what else they may try to lie about…
Genuine cash buyer
A final thing to be wary of when trying to pick the best sell house fast company is to make sure the company you’re choosing is a genuine cash buyer.
We say this because a lot of companies who claim they will buy your house for cash are actually just selling your details to another company and therefore don’t have the cash to be buying the property directly from you themselves.
Sell house fast company checklist
Once you’ve decided which of the best quick house sale companies you would like to sell with, it’s important you follow our checklist to make sure the process runs smooth and both you and your chosen sell house fast company are helping each other out.
Get your own independent valuation to check the offer being made to you is fair
Check your chosen sell house fast company are members of The Property Ombudsman and the National Association of Property Buyers
Don't be scared to negotiate. The first offer you get might not meet your expectations, but you can negotiate with the company and see how much extra they may be able to give you
Ask for everything in writing. Anything which has been said over the phone, ask them for written confirmation over email so you can refer back to it at a later date. Any reputable company will be happy to do this
Take your time to make a decision. The best quick house sale companies won’t rush you or put any pressure on you to make a fast decision
Read any agreement given to you carefully. You want to make sure there are no hidden fees or conditions before agreeing to sell your house to a company
Be honest with the quick house sale company. Whilst you expect them to be honest with you, you should also be honest with them, as any untrue or misleading information will come back to bite you later in the process
Shop around. Don’t just go for the first company you speak to. Nothing is stopping you from speaking to three or more different companies to get yourself the best deal
Why you should trust us
We’re more than just a standard cash buying company. The Property Buying Company is owned and run by property professionals, founded in 2012, and with over 50 years combined experience in the industry, you can be sure you’re in safe hands.
We’re also members of The Property Ombudsman and the National Association of Property Buyers. On top of this, we understand that selling a property can be stressful and daunting, so if you’re in need of a quick sale we can take all the stresses away from you and handle everything, whilst always being up for a chat to listen to your worries and help as much as we can.
We’re rated excellent on Trustpilot, with over 1,000 reviews.
We will always be open and honest about our process and service – we will tell you upfront what we can offer for your property, and we will keep you updated throughout the process, including any issues we face and how we will do our best to overcome them for you.
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