Questions and answers for quick property buyers in Lewisham
For any homeowner considering using a fast buyer like LDN Properties, it’s important to do your research online first. Searching specific company names online could reveal any bad news stories or negative customer reviews, helping you to avert any potential problems.
You should also spend some time asking various fast property buyers several questions that will help you to determine whether you’re speaking with a legitimate business. Below, we’ve provided some sample queries, along with our advice on the answers that you might hear.
Be very wary of any fast buyer that demands you sign a lock out contract, because this will give them exclusive rights to purchase your property for an extended amount of time, often many months. There is absolutely no reason why you should need to sign such a contract with a a company claiming that it can usually buy any type of home within weeks.
Sale and rent back agreements allow owners to sell their homes to fast buyers but continue to live in the property by paying the company a monthly rent. At first glance this might seem like a great way to get certainty about your future housing situation, but there is unfortunately usually nothing that can be done to stop a fast buyer trying to evict you after a period of time.
TPO is a third-party organisation that publishes policies regulating the fast home buying industry, designed to guard property owners against scams. LDN Properties and other TPO members must follow those rules, giving you extra peace of mind. Companies that cannot prove they belong to TPO, or refuse to join, might be fraudulent and you should be cautious.
Legitimate fast home buyers should never charge you any commission or other fees when purchasing your house or flat. It’s very important that you ask this question of each quick property you talk to, because it can help you distinguish the trustworthy companies that never charge fees from the companies who will try to make you pay commission.