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Why It's Important to Consider Companies that Buy Houses

If asked, most homeowners prefer to sell their home fast to cash buyers. The speed that a property transaction can be completed, combined with the low risk of marketing homes to buyers that don't necessarily need to borrow to purchase a home, can take much of the strain away from selling a property. This is precisely what companies that buy houses offer their customers.

Although, the prospect sounds almost too good to be true, the reality is that companies that buy houses provide a service that traditional high street estate agents simply cannot match.

For generations, homeowners have believed that the only way to sell their home is to list it with a local high-street estate agent and hope to achieve as close to the asking price as possible quickly. Companies that buy houses offer an alternative - one that meets the needs of homeowners much more effectively than high-street estate agents.

Springbok Properties is one of the UKs leading companies that buy houses, 100% hassle-free and for as much as 99% market value. In the last 12 months alone, we have agreed 2400 sales across the UK. To find out how we can help you sell your house fast, call us TODAY on: 0800 068 4015.

The Types of Vendors Companies that Buy Houses Appeal To

The motivations for any property sale do vary. For some homeowners, the service offered by traditional high-street estate agents isn't doesn't fit their selling aspirations. High-street estate agents may also fail to sell their property. If, this is the case, companies that buy houses can offer an attractive alternative.

Companies that buy housesprovide a helpful service for homeowners that find themselves in the following circumstances:

    •  Homeowners that are in the process of divorce and wish for a quick sale

    •  Homes that have fallen into probate

    •  Homeowners that are relocating abroad and need to sell their home quickly

    •  Homes that need to be sold quickly for financial reasons

High-streets estate agents take a reactive approach to selling property. The advertise property and wait for buyers to make their intentions clear. This can be a long a laborious process - with homeowners generally waiting an average of 3 months for their house to be sold.

The benefit of companies that buy houses is that they take a PROACTIVE approach to selling houses - marketing properties on the most visited online portals and negotiating with cash-ready investors. This increases the chances of achieving a quick house sale exponentially.

Springbok Properties sells 77% of all listed properties in under 8 weeks. We have partnerships with every leading property portal, including Zoopla, Rightmove and PrimeLocation. This means we are one of the companies that buy houses who maximise listed properties online exposure, increasing the opportunity of that quick house sale.

The Affordability of Companies that Buy Houses

Homeowners that chose to sell their homes with companies that buy houses can save themselves thousands in estate agent fees.

High-street estate agents charge homeowners a percentage of their home sale as their fee. The higher the house sale price, the more the estate agent's fees are. In effect, homeowners with a higher value house are charged more than homeowners with a more modest house price - for the same service!

Estate agent's fees are charged at anywhere between 0.75% - 3%. As of April 2017, the average UK house price is approximately £218,000. Homeowners that choose estate agents to sell their home, as opposed to companies that buy houses, face a bill of £3270 (based on a 1.5% fee.)

When additional stamp duty, conveyancing costs, removals, and if homeowners must pay between £60-£120 for an energy performance certificate, the cost to sell a home quickly escalates.

Companies that buy houses only charge a single fee, subtracted at the completion of the sale, for their services. Homeowners do not need to worry about potentially expense conveyancing costs, or paying thousands of pounds to an agent who may not even be able to sell their property.

Springbok Properties is one of the companies that buy houses who offer homeowners a no sale, no fee service. We employ an in-house team of conveyancing specialist who ensure that every property transaction is completed legally. In addition to this, we charge NO UPFRONT COSTS whatsoever, making us one of the most customer-focused companies that buy houses.

The Sale Price Companies that Buy Houses Will Achieve

A property is only worth what a buyer is prepared to pay for it. Many estate agents choose to market homes at speculative prices to encourage offers. This can isolate serious buyers that are ready to make immediate offers. Companies that buy houses do not work to this business model.

Companies that buy houses market houses at prices that they expect to achieve. This maximises the number of potential buyers, whilst encouraging a quick sale.

In many cases, companies that buy houses can help homeowners achieve as much as 90% of the listing price. The chances of any home sale failing at the eleventh hour is also greatly reduced as many property investors willing to put in an immediate offer for a property do not need a mortgage approved before buying the home.

Springbok Properties has achieved notable success, selling more than 230 homes across the UK each month for as much as 99% of the agreed asking price. We really are one of the most successful companies that buy houses in the UK. Call our award-winning customer service team TODAY on: 0800 068 4015 to find out more.

 

How companies that buy houses work

When selling your house, you’re probably thinking of following the conventional route of using an estate agent. But when you must sell your home fast, you go to companies that buy houses.

If you’re considering the latter option, you must have stopped to ask, “how do companies that buy houses work?”

Rightly so.

The reality is that finding a reputable company to buy your house can be a challenge when you must sell your house quickly. While most property buying companies will appear to be the same, you must tread with caution, because some companies may be out to swindle you.

In this article, we explain what happens when selling your house to companies that buy houses, and what you can expect.

We’ll begin by giving you a quick summary of how companies that buy houses work and then break it down. So, read on…

How do companies that buy houses work?

Companies that buy houses will buy your house fast for cash, usually within 30 days, with most completing the sale within 7 days. When you reach out to these house buying companies, they’ll ask for your details and those of the property, after which they’ll have a valuation. Then they’ll give you an offer which would usually be about 85% of the value of your property (otherwise, they’d be out of business).

If you accept the offer, they process the payment and you should receive funds in your account within a couple of days. This means you don’t have to worry about being in a chain or following up an estate agent as you would with a traditional sale.

Easy peasy, right?

Do companies that buy houses offer a guaranteed sale?

The popularity of property cash buying companies has been on a steady rise, especially after the uncertainty arising from the COVID-19 pandemic. After more than a year, homeowners are committing to secure channels of disposing of properties for various reasons:

Financial challenges

Selling an inherited house

Separation or divorce

Part exchange of a house

Repair of a failed house chain

Relocation

Stopping repossession

Disposing of a run-down house that needs renovation

Ordinarily, selling your property on the property market when faced with any of these issues will be difficult. Think about it, how long with it take you to find a buyer for a property that needs refurbishing?

Yet, companies that buy houses for cash will buy your property in its current state so you don’t have to worry about fixing anything before selling.

Comparing property buying companies

You may have realised that there’s a great deal of competition among quick house sale companies paving the way for innovation. This is an enormous advantage to you as a property owner who is looking to sell your house fast without going through the hassle of dealing with an estate agent.

Selling your house through Springbok Properties may be the difference between selling in a few days or weeks and selling within 6 to 9 months. Unless you don’t mind going through the uncertainty of not finding a buyer for your property fast, selling to a quick house sale company will be the most ideal option.

Selling your property fast to a “We Buy Any Home” company means there are decisions you must make, so as to ensure you get a smooth and quick sale. Today, quick house sale companies typically offer three different options for selling your property fast:

Auction sale

It shouldn’t take you by surprise when property house buyers who are more advanced offer to sell your property through a house auction. How this works is that the company will agree with you on a fixed price for your property. They then take on the task of marketing along with the administrative costs that come with it. All these with the hope that they’ll sell your property at a premium through auctioneers’ house buying sites.

An auction will mostly work where your property has either restrictive covenants or structural defects within the title deeds. These will usually make it difficult to sell the property in the open market, especially through an estate agent.

Why is this so? Buyers will be nervous.

On the other hand, buyers scouting for properties at auctions are usually seasoned investors who can confidently take on the risks.

Assisted sale

This is one of the most recent innovations.

As the name suggests, with an assisted sale, companies that buy houses for cash will arrange for a quick sale of your property to an investor who is pre-qualified. You see, over the years, property cash buying companies build significant databases of high-net-worth buyers that have an interest in buying properties fast.

This means you can expect to see a rise in the value of the offer they are putting in for your property as the buyer may be willing to pay between 80-85% of the value of your property if you were to sell in the open market.

With an assisted sale, you can expect to sell your property within 8 to 12 weeks. As such, this option is good when you’re facing situations that require you to sell your property fast. For instance, this route will be worth considering when selling inherited property or a buy to let property. The increase in government policies affecting landlords has also seen many buy to let landlords sell their properties.

Direct purchase

This is by far the most common route that companies that buy houses are known for. With a direct purchase, the company will purchase the property directly from you in exchange for cash. Pretty much how it works when you’re selling anything on a cash basis.

If you choose this option, you’ll receive about 70-80% of the value of your property. In return, the property cash buyer will take care of all the costs involved and possibly complete the sale in just about two to four weeks.

What’s more, you don’t have to worry about dealing with estate agents or arranging for viewings. Selling your house fast through a direct purchase is a great option when you want to attain a quick house sale with no fuss. You can sell your property through a direct sale if it requires massive refurbishment, you want to repair a collapsed chain where a buyer just pulled out or you’re in debt and require funds to stop repossession.

Watch out for dishonest companies that buy houses

As mentioned earlier, not all companies that buy houses are genuine. And you don’t want to be a victim of a dubious company while trying to fix your own issues that may be urgent. Some of these companies are not professional in their dealings and may just leave you in a vulnerable position by engaging in dubious practices. How then do you protect yourself from such companies?

Here are some practices to look out for to detect unscrupulous quick house sale companies:

· Watch out for companies that insist on you signing the contract upfront
You need to be cautious about companies that will insist on sending the paperwork to you by courier for your signature. This is usually a strategy that aims to put pressure on you to sign the contract fast, sometimes even before reading it. Such companies will not have your interests at heart. Rather, they are out to tie you down to sell your house to them, no matter how long it’ll take.

A genuine ‘We Buy Any Home’ company will be realistic enough to give you time to read through the paperwork and consult with your lawyer before proceeding with the sale. Some companies will even send a representative to discuss the process with you. This way, you can ask all the questions you may have so that you make an informed decision in the end.

· Upfront charges
If a property buying company proposes some upfront charges, you’ll certainly know that they’re up to no good. Make sure you keep away from companies that will want to charge you for either solicitors’ services or surveys upfront.

Here’s why.

By doing so, these companies are transferring transactional costs that should be their responsibility to you so that they don’t bear any costs or put their money at risk but instead profit unfairly from the sale.

· Last minute negotiations
Look out for house buying companies that make an offer only for them to reduce it at the last minute when you can’t pull out from the sale. Some of these companies may reduce the amount offered weeks before completion. Be alert.

To avoid such a situation, you need to ask for a copy of the valuation report so you’re certain about the offer and are confident it is fair. If you realise the company is dragging its feet sharing the report, it just may be a tell-tale sign that things aren’t good. At this point, you may need to switch to another company that buys houses.

How do you decide if you should proceed with quick house sale companies?

Let’s face it, with so many companies purporting to buy your house fast, it’s difficult to decide how to proceed with property cash buying companies.

But we can help.

So, here’s the thing; now that you know the three routes to sell your house to a “We Buy Any House” company, you’re probably wondering what your next steps should be. First, you need to know that not all companies that buy houses will offer you the option of buying your property through an auction sale, assisted sale or direct purchase. Most companies will offer at the most, just two services.

However, companies with a wide coverage of homebuyers may offer the three options. Sometimes, this may simply mean helping you to make the right choice.

What are the pros and cons of selling to a professional home buyer?

Should you choose to sell your house to a quick house sale company, you can expect to receive about 25-30% less than the value of your property. By now the pros and cons of selling your house to companies that buy houses are rather obvious. But we can do a list of them:

Pros
· Speedy completion of the sale

· It’s the quickest way to get money from a house sale

· You don’t have to worry about chains and it’s unlikely the sale will fall through

· You can sell your house fast despite the existing structural issues or other problems like knotweed

· You can sell your house fast in a challenging market

· It’s an excellent option for avoiding repossession

Cons
Even with this many pros, selling to companies that buy houses has some cons too. So here we go:

· You must agree to an offer that is a little lower than the value of your property, usually 25-30% lower than its value

· You risk falling into the hands of rogue companies, so you must tread with caution

So, should you sell your property to Springbok Properties?

You should only consider selling your house to a property buying company after carefully weighing up your options. At Springbok Properties, we’re committed to ensuring transparency in all our dealings with our clients. If you choose to sell your property to us, you have the guarantee that we’ll not charge any fees at any point during the sale.

Our transactions are straightforward.

The fact that we subscribe to the Property Redress Scheme should give you the peace of mind that you’ll receive professional services and have funds in your account in just a matter of days.

How companies that buy houses work

When selling your house, you’re probably thinking of following the conventional route of using an estate agent. But when you must sell your home fast, you go to companies that buy houses.

If you’re considering the latter option, you must have stopped to ask, “how do companies that buy houses work?”

Rightly so.

The reality is that finding a reputable company to buy your house can be a challenge when you must sell your house quickly. While most property buying companies will appear to be the same, you must tread with caution, because some companies may be out to swindle you.

In this article, we explain what happens when selling your house to companies that buy houses, and what you can expect.

We’ll begin by giving you a quick summary of how companies that buy houses work and then break it down. So, read on…

How do companies that buy houses work?

Companies that buy houses will buy your house fast for cash, usually within 30 days, with most completing the sale within 7 days. When you reach out to these house buying companies, they’ll ask for your details and those of the property, after which they’ll have a valuation. Then they’ll give you an offer which would usually be about 85% of the value of your property (otherwise, they’d be out of business).

If you accept the offer, they process the payment and you should receive funds in your account within a couple of days. This means you don’t have to worry about being in a chain or following up an estate agent as you would with a traditional sale.

Easy peasy, right?

Do companies that buy houses offer a guaranteed sale?

The popularity of property cash buying companies has been on a steady rise, especially after the uncertainty arising from the COVID-19 pandemic. After more than a year, homeowners are committing to secure channels of disposing of properties for various reasons:

Financial challenges

Selling an inherited house

Separation or divorce

Part exchange of a house

Repair of a failed house chain

Relocation

Stopping repossession

Disposing of a run-down house that needs renovation

Ordinarily, selling your property on the property market when faced with any of these issues will be difficult. Think about it, how long with it take you to find a buyer for a property that needs refurbishing?

Yet, companies that buy houses for cash will buy your property in its current state so you don’t have to worry about fixing anything before selling.

Comparing property buying companies

You may have realised that there’s a great deal of competition among quick house sale companies paving the way for innovation. This is an enormous advantage to you as a property owner who is looking to sell your house fast without going through the hassle of dealing with an estate agent.

Selling your house through Springbok Properties may be the difference between selling in a few days or weeks and selling within 6 to 9 months. Unless you don’t mind going through the uncertainty of not finding a buyer for your property fast, selling to a quick house sale company will be the most ideal option.

Selling your property fast to a “We Buy Any Home” company means there are decisions you must make, so as to ensure you get a smooth and quick sale. Today, quick house sale companies typically offer three different options for selling your property fast:

Auction sale

It shouldn’t take you by surprise when property house buyers who are more advanced offer to sell your property through a house auction. How this works is that the company will agree with you on a fixed price for your property. They then take on the task of marketing along with the administrative costs that come with it. All these with the hope that they’ll sell your property at a premium through auctioneers’ house buying sites.

An auction will mostly work where your property has either restrictive covenants or structural defects within the title deeds. These will usually make it difficult to sell the property in the open market, especially through an estate agent.

Why is this so? Buyers will be nervous.

On the other hand, buyers scouting for properties at auctions are usually seasoned investors who can confidently take on the risks.

Assisted sale

This is one of the most recent innovations.

As the name suggests, with an assisted sale, companies that buy houses for cash will arrange for a quick sale of your property to an investor who is pre-qualified. You see, over the years, property cash buying companies build significant databases of high-net-worth buyers that have an interest in buying properties fast.

This means you can expect to see a rise in the value of the offer they are putting in for your property as the buyer may be willing to pay between 80-85% of the value of your property if you were to sell in the open market.

With an assisted sale, you can expect to sell your property within 8 to 12 weeks. As such, this option is good when you’re facing situations that require you to sell your property fast. For instance, this route will be worth considering when selling inherited property or a buy to let property. The increase in government policies affecting landlords has also seen many buy to let landlords sell their properties.

Direct purchase

This is by far the most common route that companies that buy houses are known for. With a direct purchase, the company will purchase the property directly from you in exchange for cash. Pretty much how it works when you’re selling anything on a cash basis.

If you choose this option, you’ll receive about 70-80% of the value of your property. In return, the property cash buyer will take care of all the costs involved and possibly complete the sale in just about two to four weeks.

What’s more, you don’t have to worry about dealing with estate agents or arranging for viewings. Selling your house fast through a direct purchase is a great option when you want to attain a quick house sale with no fuss. You can sell your property through a direct sale if it requires massive refurbishment, you want to repair a collapsed chain where a buyer just pulled out or you’re in debt and require funds to stop repossession.

Watch out for dishonest companies that buy houses

As mentioned earlier, not all companies that buy houses are genuine. And you don’t want to be a victim of a dubious company while trying to fix your own issues that may be urgent. Some of these companies are not professional in their dealings and may just leave you in a vulnerable position by engaging in dubious practices. How then do you protect yourself from such companies?

Here are some practices to look out for to detect unscrupulous quick house sale companies:

· Watch out for companies that insist on you signing the contract upfront
You need to be cautious about companies that will insist on sending the paperwork to you by courier for your signature. This is usually a strategy that aims to put pressure on you to sign the contract fast, sometimes even before reading it. Such companies will not have your interests at heart. Rather, they are out to tie you down to sell your house to them, no matter how long it’ll take.

A genuine ‘We Buy Any Home’ company will be realistic enough to give you time to read through the paperwork and consult with your lawyer before proceeding with the sale. Some companies will even send a representative to discuss the process with you. This way, you can ask all the questions you may have so that you make an informed decision in the end.

· Upfront charges
If a property buying company proposes some upfront charges, you’ll certainly know that they’re up to no good. Make sure you keep away from companies that will want to charge you for either solicitors’ services or surveys upfront.

Here’s why.

By doing so, these companies are transferring transactional costs that should be their responsibility to you so that they don’t bear any costs or put their money at risk but instead profit unfairly from the sale.

· Last minute negotiations
Look out for house buying companies that make an offer only for them to reduce it at the last minute when you can’t pull out from the sale. Some of these companies may reduce the amount offered weeks before completion. Be alert.

To avoid such a situation, you need to ask for a copy of the valuation report so you’re certain about the offer and are confident it is fair. If you realise the company is dragging its feet sharing the report, it just may be a tell-tale sign that things aren’t good. At this point, you may need to switch to another company that buys houses.

How do you decide if you should proceed with quick house sale companies?

Let’s face it, with so many companies purporting to buy your house fast, it’s difficult to decide how to proceed with property cash buying companies.

But we can help.

So, here’s the thing; now that you know the three routes to sell your house to a “We Buy Any House” company, you’re probably wondering what your next steps should be. First, you need to know that not all companies that buy houses will offer you the option of buying your property through an auction sale, assisted sale or direct purchase. Most companies will offer at the most, just two services.

However, companies with a wide coverage of homebuyers may offer the three options. Sometimes, this may simply mean helping you to make the right choice.

What are the pros and cons of selling to a professional home buyer?

Should you choose to sell your house to a quick house sale company, you can expect to receive about 25-30% less than the value of your property. By now the pros and cons of selling your house to companies that buy houses are rather obvious. But we can do a list of them:

Pros
· Speedy completion of the sale

· It’s the quickest way to get money from a house sale

· You don’t have to worry about chains and it’s unlikely the sale will fall through

· You can sell your house fast despite the existing structural issues or other problems like knotweed

· You can sell your house fast in a challenging market

· It’s an excellent option for avoiding repossession

Cons
Even with this many pros, selling to companies that buy houses has some cons too. So here we go:

· You must agree to an offer that is a little lower than the value of your property, usually 25-30% lower than its value

· You risk falling into the hands of rogue companies, so you must tread with caution

So, should you sell your property to Springbok Properties?

You should only consider selling your house to a property buying company after carefully weighing up your options. At Springbok Properties, we’re committed to ensuring transparency in all our dealings with our clients. If you choose to sell your property to us, you have the guarantee that we’ll not charge any fees at any point during the sale.

Our transactions are straightforward.

The fact that we subscribe to the Property Redress Scheme should give you the peace of mind that you’ll receive professional services and have funds in your account in just a matter of days.

 

 

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