When you consider how time-consuming and stressful selling a house can be, it’s no wonder that sellers look for quicker and more hassle-free solutions. If you receive a cash offer for your home, it instantly speeds up the process and removes several hurdles that can cost time and money. So you can understand why people seek alternative solutions such as auctions, private sales, and quick house sale services.
So, when you receive a cash offer for your house, from a company such as House Buyer Bureau, for example — what should you do?
What Is a Cash Buyer?
A cash house buyer is an individual or company that has the funds available to buy a property outright, without the need for loans or a mortgage. Naturally, this speeds up the sales process immensely as there is less admin involved, and you avoid delays and complications that come with conventional property sales.
In many cases, a cash buyer will be a house-buying company or a company representing a property developer, who wants to purchase the property for renovation. A genuine cash buyer will already have access to the funds needed to buy your home. However, it’s important to be wary of other companies that are less genuine and could offer significantly less than you were originally quoted.
Whether you have received a cash offer for your home from an individual or a company, it’s essential to first request proof that they do have the necessary finances to cover the cost.
Are Cash House Buyers Genuine?
Unfortunately, the exciting prospect of a cash offer for a house can be so appealing that sellers find themselves selling to a house buying company that is either poorly setup or lacks the funds to make good on their promises. Therefore, if you do receive a cash offer for your house, you must ask for proof that the company has immediate access to the funds. If they don’t, you will find yourself waiting around until they can raise the money, or experience unnecessary delays. During that time, you could have completed your sale and already be unpacking in your new property.
With something like a “quick sale” or “guaranteed purchase” there’s always going to be a certain amount of suspicion, which is why it’s essential to do your research when you receive a cash offer. If you are desperate to sell as quickly as possible, for one reason or another, you are more likely to rush into a decision and end up selling to a poor quality company.
At House Buyer Bureau, we keep you in the loop at every step of the sale process, and it’s worth noting the offers we send are not obligatory. So if you are unhappy with the price we quote you or the timeframe we can complete the sale, you are welcome to walk away at any time.
How Does a Cash Offer for Your Home Work?
1. Tell Us About Your House
Step one of the cash buying process is for you to provide us with as much information as possible about the property. Our experts will listen to what you say and use their vast experience in the property sector. They’ll be able to offer advice and guidance for the best way to achieve your goals. If you want to sell your property as quickly as possible, we tend to suggest a 100% cash offer, but if you’re going to explore other options we can try a “managed sale”. This is where we use our expertise and contacts in the industry to try to sell your property for a better price.
2. Valuing Your Property
The next step of a cash offer is getting your property valued. By doing this as quickly as possible, we will be able to gain a clear understanding of how much the property is worth and provide you with an offer — which, of course, is not obligatory. It’s worth noting that our formal offer is then subject to contract and survey.
3. Instruct Lawyers and Schedule a Survey
If you are happy with the formal offer and decide to accept, we will then instruct lawyers and schedule an RICS survey of your property. This inspection will ensure that everything is ok with your property, and there are no underlying issues you are unaware of. We work with a panel of specialist lawyers who have lots of experience in the quick house sale process. This means they can work as quickly as possible without sacrificing the quality of their work. Property sales are a very important process and should be treated as such, which is why we only work with the best lawyers! Also, using our lawyers comes at no cost to yourself.
4. Exchange Contacts and Complete Sale
Selling a home can be an extremely stressful experience, so our team will do its utmost to ensure that a quick house sale is as hassle-free as possible. We achieve this by moving the process along as a speed that suits your needs. If you want to sell as quickly as possible, no worries — we can help you to sell your property within as little as seven days — however, if you need to move things along at a slower pace while you sort out your affairs, again, absolutely no worries. During a property sale, it can feel like you have no control over any aspect of the situation, which isn’t the case when you get a cash offer for your home. You’re in charge at every step of the way.
Why Choose House Buyer Bureau?
That’s a good question, and always the one you should ask when it comes to something as life-changing as a property sale. Cash buyers can be an enormous benefit for sellers looking to sell their property as quickly as possible, with minimal hassle. But that won’t be the case if you put your faith in the wrong people. House Buyer Bureau is the UK’s favourite house buying business. We buy all types of property regardless of their condition or location, which means you have finally found a solution if you have previously been struggling to sell your house.
There are no valuation, estate agency or legal fees to pay, no viewings, unnecessary delays or frustrating property chains — just the convenience of a hassle-free cash offer for your home.
Whether you have found your dream home, you’re facing repossession or have to sell due to a divorce or inheritance — House Buyer Bureau is the professional, quick and stress-free way to sell your home.