As a property owner, you might decide to turn to a cash buyer if you need to sell your house fast. Whether you've had a change in circumstances or you need to pay off debt, we know how important a fast and pain-free sale could be to you right now. The last thing you want is for your house sale to be delayed because you have run into unexpected problems – and fees.
There are many cash house buying companies out there, but unfortunately, not all of them are really as they seem. Some lure customers on false pretences, others delay a house sale because they are acting on behalf of third-party buyers.
For a stress-free experience and a guaranteed fast house sale, you need to pick a reliable cash buyer. To help you make a decision you won't regret, follow the tips and advice below.
Be Aware of Cash House Buyers that Charge Fees
A genuine cash property buyer like Zoom will not ask you to pay any fees throughout the process of buying your house. That's one of the many reasons why property owners choose to sell to a cash property buyer in the first place – estate agent fees are notoriously expensive and then there's the added cost of dealing with solicitors and conveyancers. A legitimate cash buyer will handle all of these additional costs themselves, leaving you with nothing to pay.
Sometimes, untrustworthy property buyers withhold information about their fees until it is too late, then they will expect you to pay up. Check with a company that there will be no additional costs involved with your fast house sale before you make any commitments.
Always Choose a Genuine Cash House Buyer
A legitimate company will have their own cash facility to fund your sale and there will be no third parties involved.
There are many companies out there purporting to be genuine cash house buyers, when in reality, they're not. You should watch out for companies who say they are cash house buyers, but are in fact middlemen acting on behalf of others who actually have the available funds. Companies like these will likely send your details to a third party. Not only is this risky, but it will inevitably delay your sale.
Be Aware of Cash House Buyers Offering Full Market Value
If a cash house buyer advertises that they buy property at full market value, it is unlikely that they are genuine or trustworthy. It is unrealistic for cash house buyers to buy property at 100% market value because, as a business, they have overheads to pay.
Tips for Choosing a Reliable Cash House Buyer
If you're looking to sell your house fast, it can be easy to fall into the trap of unreliable and illegitimate companies. The problem is that cash house buyers who aren't who they say they are will only slow down your house sale, and you could end up out of pocket.
Be sure to follow the tips below to help you pick a reliable cash house buyer:
Ensure that it's the company themselves who will be buying your property, not a third party. A genuine cash house buyer will have their own cash facility.
Choose a fast property buyer that is a member of the Property Ombudsman (TPO) and NAPB, two organisations that ensure companies treat customers fairly and adopt high trading standards.
Value your house before approaching a cash house buyer so that you understand the approximate market value of your property. Watch out for companies that offer a suspiciously high (or low) offer – they may be misleading you.
Although this might sound counterintuitive, take your time when choosing a reliable fast property buyer. If you get it wrong, it could cost you your fast and efficient house sale as well as a lot of money.
Here at Zoom Property Buyer, we use our own cash facility, meaning we can buy your property fast and offer you a competitive price. We are proud members of The Property Ombudsman (TPO) and NAPB, and our team of experts with over 50 years of combined industry knowledge always strive to ensure a stress-free and cost-effective experience for our customers.
If you'd like to find out more about our service, give us a call on 0333 880 4362 or complete our online enquiry form.