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Are Cash Buying Companies Better than Estate Agents?

Without a doubt, selling your home and moving to an entirely new location is exciting, daunting and a bit scary. If this is your first experience in the real estate market it may be difficult to find agents and buyers that you trust. Most important, you’ll be looking for potential buyers who realise the actual worth of your home.

The issue is that traditional methods of finding buyers are no longer as effective because the prices are too low, the process is too long and the market is experiencing ever-slowing periods.

House sale companies that are quick have revolutionized the UK marketplace for property. This has given homeowners more options to sell their property beyond that traditional estate agent method. As long as you ensure you are dealing with a reputable service, you can complete a sale and reap the benefits faster than you ever have.

What is Cash House Buying Companies?

A typical property buying company will provide a cash offer on the property you are looking to sell.

As waiting times get longer in the property industry of the United Kingdom, there’s been a need for ways to sell off homes faster and for profit. But, the number of houses sold is falling due to increased prices, and this overall decline in property prices is making cash-based purchases an attractive alternative.

The most reliable companies to buy your house satisfy this exact need. These buyers are ready to buy your house without the need for a mortgage or selling an additional property in order to get funds.

Here’s a tip for this: the better firms are regulated by Property Ombudsman and fully disclose any additional fees or legal costs. This makes for a smooth and transparent selling procedure for property owners. It’s always wise to further research and find out how home buying businesses are regulated and by who to ensure you’re ready should you ever decide to use one!

Types of Quick Sale Companies

Most likely, you’ll come across the following types of house-buying companies:

Genuine Cash Buyers

The buy my house now companies have cash ready in their accounts; they will buy your home outright and pay you instantly. Therefore, they don’t have to obtain loans, ask their investors or sell other properties to get enough cash.

That means that legitimate cash buyers can swiftly make an offer and keep on it. There is virtually no chance of being canceled.

Non-authentic Cash Buyers

They’re usually scams that rip-off sellers by unnecessarily undervaluing their property. And they might not be able to pay that amount , either.

It’s possible that you’ll end up with a a long, drawn-out selling process that could go on for months without the least amount of transparency about their surveys or valuations. Even more concerning is that, if the sale goes sour the client may not have option to pursue the sale or get a follow-up.

Did you know? At Fast Home Buyers Now we buy houses in Salt Lake City quickly…

Real Estate Buyers Posing As ‘Advisors’

These companies are estate advisors or consultants who claim to assist you in finding the best possible route to selling off your property fast. However, in reality they’re acting as middlemen and hoping you’ll be able to sell your property for a loss to them just because you’re in a hurry. So, the presence of an additional person in the middle means that they’re making money off of your profits.

They then reverse their course and offer the property to a cash buyer with a handsome profit margin.

Motives for people to contact firms that offer cash for home buying

Homeowners can find numerous situations and personal circumstances in which selling to a cash house buyer is the ideal option. Let’s take a look at some of them below.

Property owners sell their homes for different reasons and there’s really no reason to believe that you’re the only one in your efforts.

They can help anyone willing to sell their property in the following conditions:

Inherited property
Divorce or separation
Buying out a co-owner
Stopping repossession
Requiring a bigger home
Unfavourable market conditions
Changing neighbourhood
Finances are essential
Relocating to find a new job
Invalidity or retirement
Tenanted property
Property in poor condition
Buyers are falling through
People who need to sell their home as fast as is possible

Are Cash Buying companies better than estate Agents?

Another disadvantage of dealing with an estate agent is that you might get your property sold 5.7 percent less than the initial asking price. In an industry where over eight in 10 homes frequently sold for less that the price they were originally asking for, it has to be a better method to access the total value in cash of your home.

These companies are able to provide these benefits:

Fast, easy and no-hassle purchase
Straight cash sales using the private equity of the company
Direct communications between the buyer and the seller
Rapid response in the event of an urgent need to sell
Indemnity for all fees and expenses
Protection for all cost of renovation and survey in the event of need
Services are available throughout the UK which includes Scotland and Wales

How companies that purchase houses Do Their Work
The 8-Step Home-Selling Process that works every time

Selling your property is a big decision you’d prefer to pay off spectacularly. But, the issue is that the traditional ways to find a buyer don’t have any value anymore. The prices are too low, the process is too lengthy, and the market is mostly stagnant.

Only a real estate company can ensure a quick house sale for you in this economic environment, relieving you from all the stress and hassle that is associated with the standard process.

Additionally, selling your house to cash buyers is easy. Here’s how it goes:

1) Get in Touch Call your property buying firm and inform them about the property you own and when you’d like it sold.

2.) Get an initial offer What price do home-buying companies charge? The company that buys homes will offer you a ‘no obligation’ cash offer based upon their in-house valuation and the data that you’ve supplied.

3.) Choose a Solution Make sure you think about the offer from the quick home sale service. Make sure to ask all of your questions to ensure your satisfaction with the selling process.

4.) The Survey After you’ve accepted the deal, the business will move ahead with an independent structural survey of the property. If the results of the survey are satisfactory, they go on to the next step.

5) Formal Offer At this point they will send you a formal offer letter and begin the paperwork when you sign a formal agreement.

6.) Easy Paperwork If you are happy with the information in the documents, they move forward quickly, working with experienced solicitors to ensure the selling process is simple and speedy. The companies will also pay for costs including conveyancing, solicitors and fees.

7) Sale Completion The sale process is considered completed on the same day as exchange of contracts, but you are able to choose the date as well. Simply let the employees of the house buying firm you choose to work with be aware of your preference.

8.) Pay cash as soon as possible proceeds from the sale are usually transferred to your bank account within the space of a week.

The bottom line is Is this the fastest method to sell a house?

Companies that purchase houses for cash (in any situation) are the fastest solution. You do hear of complaints from bad traders but they play a significant role in the property business and provide solutions to many situations that typical estate agents are unable to.

There will always be rogue companies out there seeking for a quick buck. This is why homeowners must conduct their own investigation.

To summarize that, the top home buying companies give you a free, stress-free quote and allow ample time to review at no risk whatsoever.