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If you’re in a situation where you need to sell your home, it’s best not to jump into the first deal that appears. Taking advantage of any deal offered you by a cash for home company could turn into something you regret later.
Updated 11/10/2023
It’s true there are cash for home companies that offer transparent, reliable services. However, there are also firms that take advantage of homeowners who need to sell fast for cash.
Selling your home is a major commitment, so it’s important to take the right steps to ensure you get the best deal possible for your property. One way to determine the reliability of a cash for home company is by doing some online research and reading reviews left by previous customers.
How can you tell a reputable cash home buyer from one that’s not? One way is through their reviews. A reputable “sell my house fast” company has an excellent record of happy clients who are satisfied with their experience. These customers most often leave positive feedback. Here are a couple of reviews made by our UK clients who used our services:
“I needed to sell my house quickly over the Christmas holidays, and an open market sale wasn’t possible. We completed the process with SmoothSale in under a month and received cash for the property. Really good service from Zack – thank you!”
– Jo
“A very professional company who made me feel valued right from the beginning. Zak and his team exceeded my expectations and supported me throughout. I would definitely recommend this company to anyone who is looking to buy or sell properties. Thank you.”
– Wasim
“Very pleased with SmoothSale. My contact Max did everything to make this process as easy as he could. Arranged solicitor for me which SmoothSale paid for. When the move to my new home was delayed by two weeks he reassured me not to stress out and allowed me time to move and subsequently clear the house. 10 out of 10 for customer service ease of sale.”
– Chris V
Occasionally, there may be a negative review of a cash home buyer company. However, these should be low in number compared to the company’s positive reviews. Some issues to watch for when using a cash home buyer can include:
Low offer: a cash house buyer can be a quick way to sell your property; however, they sometimes offer less than the market value. However, if you’re in a tight spot, a cash home buyer may be the right choice for you.
Scam risk: there’s a small chance of running into a cash home buyer company that runs scams. For instance, they may use cashiers cheques, for instance. Some buyers are actually “front” people working for other organisations. These “buyers” may charge extra fees for services. This is uncommon, but it can still occur. On the other hand, a genuine cash for home buyer doesn’t require an outside financier or a third party to purchase your home. They personally buy your home with their own cash, within days. Any company that stalls on payments or requires third parties to finance the purchase is not a genuine cash-for-home business.
Unrealistic offer for your home: some scam cash-for-home companies may make offers that are too good to be true. They may end up reneging on their offer at the last minute. Cash for home-buying companies never offer 100% of your home’s value. Some may offer about 90%, but that is rare. In general, it’s more common to be offered between 75% and 85% of your property’s value, but this depends on the company and the quality of the property.
It’s issues like these that make reading reviews so important when working with a cash home buyer company. So, it pays to do your research and have checks carried out on the buyer before you agree to do business with them. Having done this, you’ll have more confidence about what to expect from the cash home buyer you’ve chosen.
However, if you’re suspicious of anything you learn about the buyer, it’s best to stop working with them immediately and work with a different company. That way, you can have peace of mind when you’re selling your home.
There are several benefits to using a “sell my house fast” company that has positive reviews, including:
Fast process: the process can be as quick as you need/want, though some “sell my house fast” companies allow you to choose a timeframe that works best for you. The process is fast because the company has its own cash to buy homes. There’s no need to wait to see if they can obtain a mortgage or not.
No estate agent necessary: when you work with a cash home buyer, there’s no need to work with an estate agent. You don’t have to pay their commission fees, which can save you a lot of money.
Any condition property: cash home buyers also buy properties that are in any condition or location. There’s no need to make expensive repairs or renovations, no cleaning up, and more.
Chain free: property chains are extremely challenging to manage. They often cause delays or could even cause a deal to fall through. When you work with a cash home buyer, there’s no need to worry about a property chain. They already have the cash needed to purchase your property, and they will not get “cold feet” about making the purchase. You can count on them to come through every time.
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A cash-for-home company can be a great option if you need or want to sell your home quickly. You can avoid many of the problems that go with using a traditional estate agent, and more.
It is true that you won’t be able to sell your home at its market value; however, when you choose a cash home buyer, there are many other benefits that can make up for the reduction in profit.
Just remember to do your own research and check out the reviews for any company you want to work with. And if something doesn’t “feel right” about a company, stop working with them immediately and search for a reputable cash home buyer company.
Before proceeding with a cash sale, consider factors like your timeline, financial situation, and the condition of your home. It’s essential to assess whether a cash sale aligns with your goals.
To find a reliable cash for home company, research local options, read reviews, and ask for references. Legitimate companies should be able to provide references from past clients.
The price you receive in a cash sale may be lower than what you could get on the open market. However, it’s essential to weigh this against the benefits of a quick and hassle-free transaction.
For a cash sale, you will need the standard documents required for any real estate transaction, including the deed, bill of sale, and any other documents specified by your local laws.
The timeline for a cash sale can vary but is typically much shorter than a traditional sale. It can range from a few days to a few weeks, depending on the buyer’s due diligence and the closing process.
While cash sales offer benefits, they also come with risks. These include the potential for unscrupulous buyers and a potentially lower sale price. It’s crucial to do thorough research and work with reputable companies.
Simply enter your details below to get a no-obligation cash offer for your house.
Simply enter your details below to get a no-obligation cash offer for your house.