Cash house buyers represent an intriguing option for any homeowners keen to sell their house quickly. These companies offer a valuable alternative to selling in the ‘traditional’ way using a high street estate agent.
Some cash house buyers are much more reliable than others. It is important that you do thorough research before you reach out to a cash house buyer, because not all of them will do what they claim. You can usually identify the trustworthy businesses because they have some of the following features:
- Lots of reviews from independent customers, across multiple platforms
- Previous happy clients who they can refer you to
- A detailed website which answers all your questions
- A phone line you can call up and speak to a member of the team
Companies like We Buy Any Home aim to be transparent in every stage of the process – there are clear guides, FAQs and information throughout our website, and you can find 1000s of reviews across all the main reviewal websites from our happy customers.
In the blog below, we’ve gone into a bit more detail about dealing with a cash house buyer – answering any questions you may have.
What is a Cash House Buyer?
A cash house buyer is a business which can purchase your property for cash, up-front. The business is able to do this because they use their own funds and are not reliant on any other party. Sometimes, the deals can be completed within 7 days.
Usually, a cash buyer will make an offer which is below the market rate. This is because you are unlocking several other benefits when dealing with a cash house buyer like We Buy Any Home, including:
- Completing the sale quickly
- Receiving the funds quickly
- Not operating in a ‘property chain’
- Saving money on estate agent’s commission and legal costs
Cash buyers operate throughout the UK and can be found in most major cities. A company like We Buy Any Home, for example, operates in most cities throughout the UK.
Why can a Cash House Buyer purchase so quickly?
A cash house buyer can purchase a property so quickly because they are using their own pre-existing funds. This means that these companies aren’t forced to wait around to get a mortgage, or to sell another house so they can buy yours. In most cases, a reliable company like We Buy Any Home can go from valuing your house to purchasing it in just 7 days.
How much do you have to pay to use a cash house buyer?
If you are using a reputable company, there should not be any costs associated with using a cash house buyer. The valuation will be completed free-of-charge, and you won’t have to spend money on a solicitor throughout the process because we pay that for you.
At We Buy Any Home, there are no hidden fees for our service. The offer we make for your property is the amount of cash you will receive.
How long will the funds take to be in my account with a cash house buyer?
In most cases, a reliable cash house buyer will deposit the funds into your account within 7 days of your valuation being completed. Once a sale is agreed, in most cases the funds will be in your account within 24 hours.
Do cash house buyers purchase all types of property?
The types of properties that a cash house buyer is willing to purchase will vary for each company. Some businesses take pride in buying all types of property, while others only buy a certain type of house. You should do thorough research on the company’s website – and perhaps call up their helpline – to find out.
Can I change my mind after approaching a cash house buyer?
Yes. If the cash house buyer you are dealing with is reliable, trustworthy and legitimate, they will not have any complaints about you changing your mind halfway through. Once a valuation has been made on your house, you do not have an obligation to go through with the sale.
When do people most commonly use a cash house buyer?
A cash house buyer is a useful opportunity for homeowners in any situation. When the hassle of selling on the market does not appeal to you – for example, hosting viewings, dealing with a property chain, chasing solicitors, dealing with estate agents and much more – selling to a cash house buyer can be a great alternative.
Our service is also extremely useful for people who need a quick resolution to their situation. This might include someone who has inherited a house which they want to sell quickly; or someone who is going through a divorce where all relevant parties wish to sell the property as soon as possible.
We Buy Any Home is the UK’s leading cash house buying company. If you want a reliable home buying company which guarantees a sale within 7 days, then you are in the perfect place. Contact us today for a no-obligation valuation.