[Finance] British Home Buyers

[POSKETT AT THE VALLEY]

Anyone used their services? Any good?

 

[chickens]

Don’t know them but know of services of their type. Will offer an immediate cash price to take the property off your hands directly.

Effectively it will either become part of a massive corporate portfolio of property for the directors, who are betting that long-term the market only goes up. Or, it will get a cursory renovation from them before being put on the market for 20%-30% more than they paid you.

Pros: You’ll get money faster than a traditional sale.

Cons: You’ll get less money than if you went through a traditional sale process, and if the purchasers keep it in their portfolio, it’s another property that’s not available to families/couples/individuals who just want a place to live. It’s almost a “we buy any car” for property.

If you are in financial danger of losing everything if you don’t get cash in your account quick, they become an option, but if you don’t have that level of pressure on your finances, I’d give the more traditional route a try first.

 

[POSKETT AT THE VALLEY]

Don’t know them but know of services of their type. Will offer an immediate cash price to take the property off your hands directly.

Effectively it will either become part of a massive corporate portfolio of property for the directors, who are betting that long-term the market only goes up. Or, it will get a cursory renovation from them before being put on the market for 20%-30% more than they paid you.

Pros: You’ll get money faster than a traditional sale.

Cons: You’ll get less money than if you went through a traditional sale process, and if the purchasers keep it in their portfolio, it’s another property that’s not available to families/couples/individuals who just want a place to live. It’s almost a “we buy any car” for property.

If you are in financial danger of losing everything if you don’t get cash in your account quick, they become an option, but if you don’t have that level of pressure on your finances, I’d give the more traditional route a try first.

Many thanks for the advice.

 

[amexer]

Dont touch them unless desperate. They will pay 10/20% less. If you deal with the right people who advise realistic price and right buyer is selected no reason even when market is tough you wont get a buyer at proper price.