Whether you’re facing a foreclosure, looking to switch locations or simply need some cash in hand, a quick house buy is an option for you. The key is to make the right choice and find a company that will treat you fairly and pay the price for your home quickly and efficiently.
1. Shop around
There are a lot of different companies who offer a quick house buy service and you’ll need to choose one with the best track record. Some firms give details on their websites but you need to check a number of sources to find out what other customers have said about them and how well they were treated.
2. Be aware of the costs and fees involved
Depending on the firm you use, you could be liable to pay survey fees or legal fees to complete the deal. They may also charge a percentage of the sale price which can add up to a substantial sum. You need to make sure you know exactly what these charges will be before agreeing to sell your home for cash to them. For more info https://www.moneyteamproperties.com/we-buy-houses-in-farmington/
3. Negotiate for a better deal
A good real estate agent will help you negotiate for the best price on your home and will guide you through the process of selling it. However, if you decide to try a quick house buy company instead, they are likely not to be flexible and you may not get the price you wanted.
4. Don’t accept the first offer you receive
A quick house buy company is unlikely to be interested in making an offer if your property has major damage or needs major repairs. They will typically offer you below market value for your property so they can pay to make any necessary repairs or pay to have a home inspection completed.
- Don’t let a quick house buy company tie you into contracts or stop you from selling to a friend and family member who has a better offer.
If you’re unable to sell your home through a traditional estate agent because of issues like a short lease, high risk of flooding or a lack of curb appeal, a quick house buy company may be the answer.
- Consider a part exchange on a new build rather than selling it yourself
If your current home is out of date, in poor condition or a fixer-upper, you might be able to trade it in for a newer house from a new build housebuilder. These companies purchase homes in bulk and resell them at a profit, often paying up to 50% of the purchase price for your old home.
- Don’t sell to a company that doesn’t have a good reputation
A fast house buy service is often offered by firms who are not regulated and therefore not protected. If you are dissatisfied with the way your property has been handled, you can go to the TPOS ombudsman and they will make an award of compensation to you. But this is limited to PS25,000, which only happens in cases where it’s established that you have suffered a significant financial loss due to the firm’s conduct.
