Property Cash Buyers

Who are these people who claim to be able to buy your house fast....for cash?

Sounds too good to be true? Not really, but there are conditions. There are a number of property investors who are looking to expand their portfolio and buy houses with a view to renting them out. Best of all, market conditions don't influence their strategy too much.

 

What is a Property Cash Buyer?

A Property Cash Buyer or Quick Sale Agent is generally a wealthy individual or company with access to large amounts of money.

Rather than have this money sit in a bank account earning a bit of interest they look to buy properties for long term returns. These returns are realised through income from rent and ultimately profit from the increased value of the property.

 

Key facts about using a cash property buyer:

• There is no chain involved
• Average purchase price is roughly 20% below market value
• There are no estate agents usually involved
• Some will buy properties for modernisation, others for selling on or renting out (or back to you)
• The person who will buy your property will be able to complete the sale in a very short period of time.
• It is not unknown for purchases to go through in a matter of days
• Buyers may be individuals or even large corporate institutions
• A Property Cash Buyer is NOT an Estate Agent
• In most circumstances, a Home Information Pack (HIP) is not required

 

Why use a Property Cash Buyer

Speed of sale

Because your buyer is not looking to secure the property against a mortgage there are fewer steps required:

• No 'suitability for mortgage' valuation - just a property valuation
• No financial checks required because the buyer is paying cash

 

In times of a stagnant housing market or falling house prices, property sales can be difficult to achieve in normal conditions, especially if the house is perhaps not as desirable as others in the area. Property cash buyers are not usually influenced by these conditions and will consider any property because of their long term strategy.

 

Lower costs

It can work out cheaper in the long term when compared against how many traditional 'chains' fall apart leaving lots of people out of pocket by thousands of pounds.

 

Convenience

Using a cash property buyer means:

• Not having to show stream of potential purchasers and time wasters around.
• No constant battle trying to keep the house tidy
• No need for estate agents

 

Privacy

Neighbours, friends and relatives need not know anything

 

Health

Selling a house is one of the most stressful things to cope with. Using a quick sale agent eliminates the stress and worry of finding a buyer, waiting for your buyer to find a buyer, and so on.