Avoid Sell House Fast Scams
Published by Property Saviour
The UK's No.1 Fast House Sale Company
August 2, 2015 - Read time: 3 minutes
Sellers: Beware of fast house sell scams in Leeds!
Regrettably sell house fast industry in unregulated market allowing certain firms to take advantage of sellers’ situations. You will be safe in the knowledge that we are ethical property buyers and also a genuine cash house buyer based in Leeds.
If you need to sell your house fast in Leeds, we are the genuine cash buyer for you! Get your free cash offer now.
Look out for buying firms or individuals who will offer you a good price, and then market your property online to other property investors at a higher price than what has been agreed with you. These ‘buyers’ or ‘property buying firms’ are not real buyers but merely glorified estate agents acting for their buyer. They will be charging a buyer between £2,000 to £6,000 for finding a discounted property. Ultimately you will end up paying for this, as buyer will suddenly reduce their price – often at point of Exchange of Contracts.
Our advice is to avoid any buyer who is unable to give you their solicitors’ details by return email. Any cash house buyer who cannot give you a date of Exchange of Contracts, a legally binding sale agreement, is not a real buyer. We can Exchange Contracts within days and not months. Therefore, we will buy your property quickly for cash – no matter what the condition or location within Leeds.
Often these property buyers will get you to sign an Option Agreement hence tying into a sale via these buyers. They will then go and look for real buyers for your property. We believe this is an un-ethical and morally wrong practice that has to be stopped.
Don’t get caught in these scams. If you are a victim of aforementioned fraudsters, get in touch with us today and let us help you get out of their contract, and sell your house.
Recent Office of Fair Trading investigation revealed that another trick used by house buying firms is to charge upfront fees upwards of £500+. They will then book a valuation that is heavily biased towards them; and not a fair and accurate valuation at all. These house buying firms operating in Leeds, and nationally could then reduce the agreed purchase price of your property just before Exchange of Contracts – to see if you are desperate enough to accept. If you did not accept, they are still £200-£300+ up the deal because a typical RICS surveyor would charge £200-£300.
These scams work mainly because of heavy marketing budget. Because you as a seller may be distressed and fear of being out of pocket – having paid upfront fees, often in thousands. You are more likely to accept their reduced or ‘chipped away’ price because you need a quick sale, and cannot simply write off fees that you have paid.
If you are looking for a fast house sale in Leeds, we are here to help. Even if you have paid fees upfront, see if we can offer you higher price that could result in higher offer from us than one of our competitors. We buy properties ourselves, and are not estate agent or looking for investors, for your property. This allows us the ability to quickly Exchange Contracts, within days – giving you piece of mind. We certainly never drop price at the last minute because we always honour agreed purchase price.
If you need certainty and speed of a quick sale without all hassle then simply, fill in our Get Your Free Cash Offer enquiry form to get started. We will call you back within 24-48 hours at a time to suit you. It takes just 2 minutes to fill in the form. Or if you are not into technology perhaps, you would prefer a telephone conversation, to see if we can buy your property then just give us a call on 0113 320 6700.