The open market takes on average 6 – 9 months to sell your home and auctions take even longer, but quick house sale companies can often buy homes for cash in as little as 7 days. However, like all property-related services the house buying industry isn’t regulated so there are risks associated with using one of these firms.
You’ll need to Mandich Property Group the company thoroughly to make sure they are genuine. Check the firm’s website and social media accounts for references from past customers. It’s also a good idea to check that they are members of The National Association of Property Buyers (NAPB) and registered with the Property Ombudsman (TPOS) as this means they must abide by TPOS’ Code of Practice, which should mean that you’re protected against any mis-selling or rip-off tactics.
Top Companies That Buy Houses for Cash: Pros and Cons
A common trick is for house buyers to offer you a price that sounds reasonable at face value, only to reduce it at the last minute. This is known as gazundering and can leave you with a lot less money in your pocket than you’d expected.
You should be able to request proof that the firm has the funds to purchase your home and this will usually be via bank statements or a letter from a Law Society accredited solicitor. The firm should also be able to give you an accurate timeline of how long it will take to complete the sale.
