Property Buyers for Cash
R Edwards
"Land registry sold property prices in Walsall WS5 3HQ"
I had given correct details of my property yet was informed that no information was available for the selling price of properties in my area which is most odd because they are readily available on Right Move. Therefore I can only conclude this company is either a sham or incompetent
Yours, R Edwards
jason
"Uninformed..."
No property information provided despite my neighbour buying only a year ago, and a property currently on the market. If they cant find any reliable information on the street how can they offer a realistic valuation.
Adelle Smith
"a lot of effort for no reward with no…"
a lot of effort for no reward with no valuation
lam brook
"Giving away tens of thouands £££"
This is a typical on-line property cash buyer, and here's a live example of how it goes.
Before I approached a cash buyer, I valued my flat with 3 local Estate Agents who all agreed £350K. I then approached the cash buyer, who took a load of details and 24 hrs later sent me an ‘indicative offer’ of £295K (this is the bait). If you let them proceed with no obligations or contracts they then conduct a comparative market search and despatch one to two local agents of their choice to value the flat. By the way, these agents have to sign a gagging clause refraining them from discussing or dislosing any figures or valuations! But they do anyway and they agreed the same figure of £350K. In the meantime the cash buyer sends you a letter of ‘proof of funds’ to convince you that cash and funding is in their bank account and waiting. Then comes the phone call with the cash offer - at this time you are informed the call is recorded, no doubt due to the verbal abuse they receive after giving out these ridiculous offers. Anyway, the call starts of full of negatives and woe is the world etc, and the offer came is at £250K, yes £250,000!!! in my bank account within 2 weeks.
They obviously prey and on stupid and expected me to give away £100,000. Within the offer they also say that they would realistically sell the flat for £320K, and here they dangled another carrot - If they sold the flat above £320K, I’d get 60% of the amount over this figure. In reality they won’t sell the flat for a penny more to make sure I don’t get the 60% above.
Naturally I declined the offer, and those same agents who valued the flat on behalf of the cash buyer, snapped up a quick sale short term contract to market the flat at £320K and it was sold within one week!
Lets face it, the likes of these cash buyers are in this business because Estates Agents have become bone idle and lazy, by allowing the likes of RightMove and Zoopla to do all their footwork. Plus RightMove and Zoopla combined take up around 60% of an agents marketing budget. Properties are both physical and material, they are made of bricks and mortar, they have character and they have location. These cash buyers are simply clerks sitting at a computer totally distant and remote from your property who just cunjure up a figures from some digital analysis.
Best advice is the play these cash buyers, but don’t use them. Let them bring their agents in and they will snap up a deal for you. With a bit more patience £320K is better then £250K.
Chris
Ishy McLevey
robertas
Philip Carre
"A rubbish site"
This said no houses had ever been sold on my street (the street is 2 miles long)???
Jan Lewis
"Well that was a useful exercise"
Well that was a useful exercise, showing no properties sold in this postcode over last three years. There have been three!
Maureen Fitzgerald
"Put my details in today"
Put my details in today. Had 0 result for valuation of my property.
Received an email, wanting confirmation if my details,
When I clicked on their privacy policy it returned " Oops page not found"
Property Cash Buyers need to read & comply with EU data protection regulations
Tried to unsubscribe & remove my details, no means or avenue available to me.
Beware. You have no control over the personal details you divulge & they do not comply with laws to keep details secure!!
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