Selling Property to House Buying Company

If you’re looking to sell your home fast and get a competitive offer, consider contacting a house buying company for a streamlined, stress-free and no-hassle way to find a buyer.

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Your top questions when selling to a property buying company

✅ How exactly are house buying companies defined?

House buying companies are businesses that specialise in making fair and speedy offers to purchase almost any freehold or leasehold home, and they will give you a competitive price regardless of your property’s age, condition, location, shape, size or type. And they’ll still make a fair offer even if the home has structural damage or some other type of problem.

✅ What are some of the advantages of selling to a home buying company?

If you are looking to sell your property as quickly as possible, contacting a home buying business can be a great decision because it should only take a handful of weeks to complete the entire process. These companies are also suitable for homeowners who are trying to reduce their selling costs because they will never charge commission when buying a house or flat.

✅ Are there any concerns about selling to a property buying company?

Although scams and other negative issues with home buying businesses are rare, they unfortunately can still occur. One potential problem is that some of these companies may make an offer that is lower than the price you may be able to get selling via other methods. And other businesses may charge fees despite claiming not to charge owners any commission.

✅ What is the typical process for selling to a house buying company?

Selling this way starts when you call the company to ask about selling your home, and within an hour you should get a tentative offer. If you accept that offer, the company will next have a staff member visit your property to inspect it before they make a final offer. And the last stage is when you accept the final offer and the company works quickly to complete the purchase.

✅ How long should it take to sell when I use a property buying company?

Expect it to take only a handful of weeks when selling your house or flat to a property buying company, and that includes the important steps of exchanging contracts and paying you the full sale proceeds. It’s a much swifter schedule than selling on your own, selling with an estate agent or selling at an auction, which can all take at least several months or more.

✅ Do house buying companies charge fees when purchasing properties?

Legitimate quick home buyers will never make an owner pay any commission when they purchase a property, which helps with reducing selling expenses. That compares well to selling either at an auction or with an estate agent, which are two situations where you would have to pay fees and these would increase your costs as they’d be deducted from the sale proceeds.

✅ Are there are any safeguards to prevent scams with home buying companies?

Yes, you can ask individual businesses if they are registered with The Property Ombudsman (TPO). This is a third-party organisation that writes rules to guard owners against fraud in the quick buying industry, and all true TPO members must follow those regulations. You should never sell to a company that cannot prove it belongs to TPO because it may be a scam.

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