Sales to a Quick House Sale Company – the Benefits and the Pitfalls
With a static home sales market and continued mortgage shortages many more home owners are looking to Sell House Fast companies to ensure a Quick House Sale to permit them to move on in theirlives. But with a glut of such Sell Home Fast firms appearing on every web search how does a seller choose. Here are some tips to help you through the Sell House Fast jungle.
1. Beware Sell Property Fast firms who charge a valuation fee, particularly if it’s a large fee. A company making profits out of valuations might not really be interested in purchasing your house and might make a very low offer.
2. Always look around. Some Quick House Sale firms offer as little as 60% of the valuation of your house, others usually offer up to 80%. Only you can decide what is enough but it pays to call a number of companies, because your house is almost certainly your most valuable asset so you need to get the best deal possible.
3. Always hire your own solicitor in the selling of your house, he will act solely in your interests and there can be no conflict of interest.
4. Obtain a firm commitment to buy in writing from your chosen Quick House Sale company. This will lessen your chances of having the offer price reduced right at the last moment.
5. Ask how the Sell House Fast company intends to finance your property purchase. Will they be relying on a bank loan? If so what guarantees are there that the bank finance will be ready and available within your required timescale? This is very important in the current banking climate.
6. Ask how they will value your house. It’s all well and good getting an offer of 90% of value but if the company then places an unrealistically low price on your house then the reality may be much less.
You should only think about using a Sell House Fast company if the speed of the sale is more important to you than selling at the best price. Remember these firms are hereto make profits and their core source of profit comes from purchasing your house for significantly less than its present value. They also have considerable costs to cover, such as marketing costs, legal fees, financing costs, valuation and operational costs including office expenses and staff wages. All of these are covered by the discount you are giving them, and this is the main reason why it is impossible for any Quick Home Sale firm to realistically offer more than around 80% of what you would get for the house if you sold it in the normal way.
Posted on: Thursday, July 2, 2009 at 10:42 am 
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