Open Property Group Contact Details

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1. Contact details for Open Property Group
2. Making sure your cash property buyer is credible
3. Alternatives to using a cash property buyer
4. Open Property Group: questions and answers

Contact details for Open Property Group are as follows.

Telephone number: 020 8787 5860

Email: Contact form

Website: https://www.openpropertygroup.com

Making sure your cash property buyer is credible

When you are ready to sell your home, you might be thinking about using a quick property buyer. And that’s understandable, because there are a number of advantages that you’ll get when using this approach to selling, particularly when compared to other methods such as a property auction or using an estate agent.

As their name implies, fast buyers can finalise the purchase of your home often within a handful of weeks, as they usually have the cash upfront to buy your property and don’t have to wait weeks or months to get approval for a mortgage. This is often much more rapid than selling via other methods, for example you might wait many months before selling via an estate agent.

And the honest quick buying companies will never charge owners any commission when selling their homes. Compare that to the commission that you will have to pay an auctioneer or estate agent, which will reduce your total sale profit.

One fast, free and simple way to check on the credibility of a fast home buyer is to find out whether they belong to The Property Ombudsman (TPO) or equivalent, which is a third-party organisation that publishes policies which aim to shield owners against fraud in the quick buying industry. TPO members must adhere to those policies, which should give more peace of mind.

To check the membership status of a fast buyer, visit TPO’s website, click on the "Find a Member" tab and then enter the name of a specific company. If they are registered with TPO then their membership details will appear. If a quick buyer tells you they’re a member but their details aren’t on TPO’s website, you should consider this to be a warning sign.

And you can also learn more about quick buyers by conducting a simple internet search for company names. This is another zero cost and speedy way to potentially uncover bad customer reviews or negative news articles that could help to guide you away from selling to them. Or this search might produce favourable reviews that could serve to boost a buyer’s reputation.

Alternatives to using a cash property buyer

Options for trying to find a buyer for your house or flat include the use of an estate agent, a property auctioneer, selling your home privately, or contacting a quick cash buyer. The four options all have their own pros depending on your personal needs and priorities with selling, and there can also be some cons with a few of the methods that are crucial to understand.

Cash buyers can usually finalise the purchase of your home in just a few weeks, and many will never charge you any fees when buying your flat or house. This can make using a quick cash buyer a good choice for anyone who needs to sell fast. You may want to also review the other types of property sales.

Selling your house or flat via an estate agent

This method can remove a lot of the stress of selling your home, because the estate agent will handle most of the work required for advertising your property and hosting viewings where potential buyers come to see the interior and exterior of your flat or house. And some highly experienced estate agents might know the best ways to generate interest in your home.

Still, it can take time to sell your home this way, and it’s not unheard of for some owners to wait at least a year before getting a serious offer from a buyer. You’ll also have to subtract the estate agent’s fees from whatever profit you make on the sale, and these are charged usually as a percentage of your property’s sale price.

You might also be quoted an unreasonably high sale price from an estate agent as they seek to entice you to sell using their services, even if they truly know that you’ll only get offers at a lower value. One way to avoid falling for this common trick is to ask several estate agents for quotes on potential sale prices for your home, and calculate the average for a more realistic price.

Selling your house or flat via a property auctioneer

Property auctions involve owners agreeing to a reserve price for their home, which is the lowest value that they will possibly accept for selling. If you receive just one bid at that price then your home is legally deemed to have sold, and the buyer can sue to enforce the sale. That’s why it’s vital you set the price at a level that will earn you a profit even after you pay the auctioneer their fees.

Selling this way can involve some delays, as a buyer typically gets 28 days after an auction to complete all of their mandatory steps for the sale. You might also experience a wait of many weeks between listing your home for sale and the date on which the auction happens.

Selling your house or flat privately

Yet another option is selling privately, which means you’ll spend the time and money in advertising your home, hosting the listings, and overseeing a potential sale. This can create work for you as you will now have to handle every aspect of the sale, and few people find that they are able to balance this work with their jobs. It’s only really recommended if you have experience will selling homes or have some experts willing to help you out.