Property Investment

Sell any house quickly and easily with Property Saviour

Here at Property Saviour, we’re helping an increasing number of sellers who have become victim to a quick house sale scam. Having been in the industry for over 25 years, we know how to spot fraudulent activity when we see it, and are here to help you avoid these firms and get the sale you deserve.

Updated for 2019-2020 to reflect the latest scams.

As the property market is unregulated, as a buyer you need to be aware of fraudulent house buying firms. it can often be difficult to distinguish between a legitimate and fraudulent firm, as more often than not, these scams are concealed behind a smiling salesman and a tempting offer.

But once you know what to look out for, you can see behind the façade and recognise a scam when you see one.

So what should you be looking out for? From firms only in it for the profit to those who prey on your vulnerability, here’s how to recognise if you’re being scammed. 

Scam 1 – You have found a cash buyer…or so you think?

Sadly, some buying firms don’t consider your needs. They’ll greet you merely with money signs in their eyes and only see your circumstances as cash in the bank.

In these situations, you’ll be charmed by the salesman and be offered a great price for your property – or so you think. Regardless of what the agent tells you, these companies are only in the business to make maximum profit. Once you sign the dotted line, they’ll market your property online to other property investors at a higher price than they agreed with you. 

These 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 the buyer will then suddenly reduce their price – often at the point of Exchange of Contracts.

So, what should you do?

“Our advice is to avoid any buyer that is unable to give you their solicitors’ details.  A house buyer who cannot exchange contracts, a legally binding sale agreement, is not a real cash buyer.  We will exchange contracts within days and not months.”

Scam 2 – Exclusivity on basis of finding an investor for YOUR house.

It’s an age old saying that you should always read the small print, and the majority of us simply give it a quick skim before signing the dotted line.

But when it comes to a quick property sale, a quick skim just won’t do – and it’s really important for you, as a seller, to thoroughly read all the details.

Here’s why.

Some property buyers will get you to sign an ‘Option Agreement’ tying you into a sale via these buyers.  They will then look for real buyers for your house, which is not only unmoral, but unethical, too, as the buyer won’t tell you this, they’ll just include it in the small print.

What we say? “Do not get caught up in these scams.  If you are a victim of these fraudsters, get in touch with us today and let us help you get out of their contract.”

 We’ll do everything we can to help you get out of a sticky situation, as we want you to get a fair price for your property.

Scam 3 – Charge you an upfront ‘Valuation Fee’

The recent Office of Fair Trading investigation revealed that some house buying firms charge upfront fees in excess of £500+, before booking a valuation that is favourable to them.  Following this, they will then reduce the agreed purchase price just before Exchange of Contracts – to see if you are desperate enough to accept.  If you do not accept, they are still £200-£300+ up on the deal because a typical RICS surveyor would charge £200-£300.

Sadly, as a seller in this situation, you’re going to lose out – and that’s not something you can afford to do.

If an offer sounds suspiciously high, it’s most likely too good to be true. The seller could drop the price dramatically before the exchange, so it’s important to speak to an expert if you’re concerned.

 “These scams work because of a heavy marketing budget.  The distressed seller is vulnerable. You are even more vulnerable once you have paid thousands in fees upfront.  Therefore, you are more likely to accept their ‘chipped away’ price because you require a quick sale, and cannot simply write off fees that you have already paid.”

At Property Saviour, we have expert advisors on hand to give you advice if you’re stuck in a difficult situation. Please don’t hesitate to give us a call.

If you need to sell your house quickly, but are worried of losing out, being scammed or misled – we will help. Even if you have already paid fees upfront, see if we can offer you higher price.

You may find that you get a higher offer from us than from one of our competitors.  We buy properties for our own stock, meaning we are not looking for investors, and we certainly don’t deal with estate agents.  This allows us the ability to exchange contracts quickly, within days rather than months.  We will never drop the price at the last minute. We always have and always will honour our agreed purchase price.

Are you a victim of these scams?  You need someone who can talk you through your options – without any commitment or costs?  Simply free advice? Sounds about right?  Then please get in touch with us today – before it is too late.

If you need a quick and certain 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 only takes 2 minutes to fill in the form.  Or if you are not into technology and you would prefer a telephone conversation to see if we can buy your property then just give us a call on 0113 320 6700.

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