Questions to consider asking a fast home buyer when selling your Blackheath property
Should you be thinking about using LDN Properties or another fast home buyer to sell your Blackheath property, it’s always a good idea to perform an internet search for specific company names. This can help alert you to any possible negative news articles or bad customers that might be a warning sign about using them, or it can verify their credibility with good reviews.
You should also feel comfortable with contacting specific fast buyers by email or telephone in order to ask them some questions about how they do business. We’ve provided some questions and information on potential answers that you might hear in order to help you detect when you’re dealing with a legitimate fast home buyer and when it might be a potential scam.
TPO is a third-party organisation that publishes rules for quick home buyers to follow which aim to protect homeowners against fraud. All TPO members must follow those regulations, and you can find registration details for members on TPO’s website. Be wary of trusting a company that can’t prove it belongs to TPO, or refuses to join the organisation, because it might be fraudulent.
Be wary of these agreements, because they give someone exclusive legal rights to purchase your home within a certain amount of time, usually many months at least. But if the company you’re talking to is a true fast buyer then they don’t need this agreement as they should be able to buy your home within weeks, which makes a demand to sign this deal suspicious at best.
Another agreement that you should be extremely cautious about if offered one by a fast buyer. They allow homeowners to continue living in a property they sell to a quick buyer, paying the company rent to stay in the house or flat. But there is usually nothing to prevent the fast buyer from evicting you in the future, and you’ll have little recourse.
Legitimate fast property buyers like LDN Properties are known for their commitment to never charging homeowners any commission or other fees for buying their houses or flats. If you are talking with a quick home buyer that insists on charging you substantial fees for buying your property, it may be a good idea to stop talking with them and instead contact a fast buyer that doesn’t charge fees.