Who Are The Fastest House Buyers, What Type of Organisations Can Claim This Accolade?
Whether you are trying to stave off repossession, relocate quickly for new employment or simply avoid the stresses and strains of the open property market, employing the services of the fastest house buyer can shave vital weeks off the average time it takes to sell a house in the UK. But with so many options available, how do you know which one will deliver the quickest sale and the best service? With a little research into the UK’s fastest house buyers, you may be able to sell your home in a matter of days – for a price that reflects the current strength of the market.
Why would you need the UK’s fastest house buyer?
There are many reasons why you may need to sell your house fast. If you are in arrears and you’re facing the prospect of a very costly repossession, finding a buyer in a fraction of the time it would take on the open market may be an appealing proposition. You may need to relocate for a new job, or you may simply want to find a buyer for your home without all the upfront costs, delays and hassle associated with selling property the traditional way.
According to an article on The Telegraph website, the time it takes to sell a house in the UK can differ greatly depending on where it is located. In property hotspots such as London and Manchester, homes in some areas are selling in as few as four weeks. However, in the slower housing markets of North East England, they are spending up to three months on the market before being snapped up. Performing a quick Internet search for the fastest house buyer will show you that some companies claim to sell houses in just seven days. While that is true in a limited number of cases, the claim should be taken with a large pinch of salt.
How much does the house buyer pay for homes on average?
The Independent recently ran an article that warned of the potential dangers of choosing unscrupulous home buyers when you need to sell your house fast. There are companies that pay more than the average 70% of a property’s market value – and in some cases, as much as 100 percent. However, there are several out there that will offer as little as 50 percent, and in some rare instances, less than that. A test carried out by The Independent revealed that one fast house buyer offered just £337,500 for a house that was valued professionally the same week at between £475,000 and £500,000.
The best way to ascertain a house buyer’s track record of paying fair market prices for the homes they buy is to perform a very quick bit of Internet research using ‘property buyer reviews’ as the key phrase. This will give you real customer reviews with which you can make your decision. Remember; any offer below 80 percent of your home’s true market value should be avoided at all costs. Once you have whittled your choice of companies down to those that pay a fair price for the homes they buy, you can start to ascertain which of them is the fastest house buyer.
Does the house buyer have a proven track record of sticking to its promises?
A reputable, conscientious house buying specialist will pay a fair market price for a home in any condition. However, such an organisation will never make promises it can’t deliver on. For instance, you might think you’ve found a company that offers the quickest time to buy a house, but they may be making guarantees they simply can’t follow through on. While their glossy ads may talk of purchasing homes in just seven days, their contractual obligation involves buying your home within twelve months.
Unfortunately, there have been some rather negative headlines surrounding house buying services in recent years. A few of the less reputable companies out there have been preying on the vulnerable and profiting from their need to sell a house fast. According to a BBC investigation, some house buyers have made an offer only to drastically reduce it at the last minute. At this point, the vendor has no other option than to accept the reduced offer. There have also been some cases of sellers being signed up to exclusive house-buying contracts – meaning they must pay large penalties if they decide to sell elsewhere. The best way to ascertain a company’s credentials is to ask for recommendations on Internet forums and read customer reviews.
Will the house buyer consider buying homes in any condition?
In the search for the fastest house buyer, you should also check that the companies you’re considering selling your home to will buy a house in any condition. Your property may be in need of substantial renovation, but you simply may not have the money required to get the job done. A reputable fast home buyer will factor your home’s condition into the final valuation they make. You can sell any house fast in any condition – as long as you choose a fast house buyer that can be trusted.
Does the house buyer charge upfront fees for its services?
Some of the less reputable home buying companies out there will be vague when it comes to explaining their schedule of fees. For instance, one major house buyer in the UK charges several hundred pounds for an initial valuation – a service that costs significantly less when performed by a local estate agent or surveyor. It’s important to check that you’re not committing to anything when asking for a home buyer to value your house. Moreover, you should be aware that there are several service providers in the UK that will provide a no-obligation valuation of your home completely free of charge.
As well as the cost of a valuation, some house buyers will charge additional fees for various services, including conveyancing and purchase arrangement. It’s always a good idea to have a legal professional look over any contract you’re given before you commit to it, as these charges can be hidden away in the small print. There are companies in the UK that help you to sell your house fast, and don’t charge you a penny in upfront fees for the privilege.
Deciding which is the fastest house buyer out there
In order to reach a conclusion on which of your options is the fastest house buyer, it’s a good idea to develop an understanding of exactly what these home buying services actually do. Reputable house buying companies have longstanding working relationships with private buyers and property investors all over the UK. Typically, these buyers have the cash to purchase property almost immediately, and they aren’t subject to the property chains that often scupper the chances of a quick sale. Many of these buyers make money from the houses they purchase, so it is in their best interests to process property transactions as quickly as possible.
The house buying service will act as a facilitator – bringing buyers and sellers together with the common goal of a quick sale. A house buying service such as Flying Homes will start the process off by providing the homeowner with a property valuation based on current market conditions – and the condition of the property being purchased. This valuation is then stuck to until completion, and the entire transaction is taken away from the owner’s hands. The buyer gets a slight discount on their new property, and the owner gets the quick sale required.
Only if a house buyer has a reputation for sticking to its promises, making fair offers for property and excellent customer service should you consider it as a viable option. The simple truth is that any reputable house buying company will never give any promises on the timeframe for your house sale. You can look for fastest house buyer reviews in order to get a feel of how quickly certain house buyers purchase property, but the most important thing to look for is a track record of delivering on promised timescales and valuations.
Any company, individual or organisation that claims the accolade of the ‘UK’s fastest house buyer’ should be treated with caution. Even the most prolific home buyers can’t provide you with any cast-iron guarantees on when the sale of your house will complete. A trustworthy company will give you an accurate valuation – and one that won’t be reduced at the last minute. And rather than make promises on exactly when the proceeds of the sale will be in your bank account (something that is virtually impossible to do with any level of certainty), a reputable property buying service will be realistic about the timeframe involved. If you want to find out which company is the fastest house buyer in the UK, you should check their record of completed purchases or sales – and never take them at their word at the start of the process.