How do you tell a professional cash buyer versus a shark?
20th May 2015
How do you tell a professional cash house buyer versus a shark?
Unfortunately as with all professions some are good, but there are some that don’t look at business for the long term, preferring to make as much money in the short term as possible and not caring who they hurt in the meantime.
The best way to spot people who are not professional buyers but are likely to be sharks are those:-
Only have small ads with only a mobile number in the local paper, offering ‘quick cash deals’
Don’t belong to any respected trade bodies, including the Property Ombudsman Scheme, one of the government redress schemes, giving you a free independent complaint system
Offer less than 85% of the property’s true value
Have no testimonials on their site/to give you to talk to
Aren’t registered companies, typically sole traders
Offer to buy your property in less than 7 days which generally is unrealistic as it will take a few days to provide the required information to your own solicitor when selling
May be selling your ‘details’ to other investors who you don’t get to meet
Won’t use Royal Institute of Chartered Surveyors (RICs) to value your home
Don’t allow you to choose your own legal company
Drop the price offered just before you exchange
To contact a professional buyer for help on finding the best way to sell your home, contact Open Property Group on 0800 990 3939 or visit our website today www.openpropertygroup.com
If you would like to receive regular email updates containing news stories, case studies, reports and guides from Open Property Group, please provide your email below.