Who will buy my house for cash? If you’re asking this question, you’re likely facing a situation where a swift, guaranteed property sale is essential – whether you’re dealing with a problematic home, facing repossession, going through a divorce, or simply need to relocate quickly without the typical delays of the traditional property market.
Recent statistics highlight the growing popularity of cash property purchases across the UK. According to the latest data, cash buyers now account for 35% of all property sales in Great Britain, up from 30% in the previous year.Ā In some areas, particularly in North Norfolk and parts of central London, cash purchases represent over 50% of all property transactions.Ā This upward trend reflects both the advantages cash sales offer sellers and the shifting dynamics of the UK housing market since interest rates began to climb.
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Understanding Cash Home Buyers: Who They Are and How They Work
Cash property purchasers are individuals or companies with immediate funds available to buy properties outright, without requiring mortgage financing. Unlike traditional buyers who typically need loan approval, cash buyers can complete transactions quickly and with fewer complications. Their ability to bypass the mortgage process eliminates one of the most common reasons for property sales falling through.
In the current property climate, there are three primary types of cash buyers you might encounter:
Genuine cash buyers – Reputable companies or individuals with their own funds ready to purchase properties directly. Ask for today’s bank statement and check their borrowing history!
Non-genuine cash buyersĀ – Intermediaries who make offers but don’t actually have funds immediately available
‘Advisory’ companiesĀ – Middlemen who pose as property solution providers but aim to purchase at extremely low prices before selling on for profit
Do companies buy houses for cash? Absolutely. Professional property buying companies have become a significant presence in the UK market, offering sellers an alternative route to traditional estate agent listings. These firms specialise in quick, straightforward transactions, often marketing themselves with phrases like we buy any house to emphasise their willingness to purchase properties regardless of condition or circumstances.
Not all cash buyers are the same and despite many claiming to be ‘self regulated’ they will drop their price at the last minute! This is where we are different at Property Saviour.Ā Not only we will stand by our offer, we will complete within the agreed timescale and earn your five star review!
Why Do Sellers Prefer Cash Buyers? The Advantages Explained
The preference for cash buyers among property sellers isn’t merely about speed. There are several compelling reasons why cash purchasers often receive favourable consideration:
CertaintyĀ – Cash sales have a significantly lower fall-through rate compared to mortgage-dependent purchases
SpeedĀ – Without mortgage approval processes, sales can complete in as little as 7-28 days
No property chainĀ – Cash buyers aren’t reliant on selling their own property first
Purchase regardless of condition – Cash buyers typically buy properties “as-is” without requiring renovations
No viewings necessaryĀ – Many cash buying companies make offers without multiple intrusive viewings
Reduced stressĀ – The simplified process eliminates many common anxieties associated with property sales
Solution for problem propertiesĀ – Cash buyers often purchase homes that would struggle on the open market
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When comparing different types of cash buyers, it’s important to understand what each can offer. The table below provides insights into what you might expect from various cash purchase options based on a property with a market value of Ā£300,000:
| Type of Buyer | Typical Offer Range | Completion Timeframe | Potential Advantages | Potential Disadvantages |
|---|---|---|---|---|
| Traditional Estate Agent (Cash Buyer) | 80-90% market value | 8-16 weeks | Higher offer | Longer timeframe, more uncertainty |
| Professional Cash Buying Company | 70% market value | 7-28 days | Speed, certainty, buys in any condition | May drop the price close to completion |
| Property Auction | 70% market value | 28-56 days | Competitive bidding may increase price | No guarantee of sale, fees apply |
| Private Cash Investor | 80-90% market value | Variable | Potentially higher offer than companies | No accountability, more unpredictable |
This comparison highlights the trade-offs involved in each approach. While professional cash buying companies typically offer the fastest completion times and highest certainty, this comes at the cost of a lower purchase price. However, when factoring in the savings on estate agent fees, maintenance costs during a longer sale period, and potential mortgage payments while waiting for a traditional sale, the financial difference may be less significant than it initially appears.
The Cash Buying Process: How It Works When Selling Your Home for Cash
If you’re considering selling your property to a cash buyer like Property Saviour, understanding the typical process can help set clear expectations. Here’s how a straightforward cash sale usually progresses:
Initial enquiry and property details submission
Preliminary valuation based on property information and market research
Formal cash offer made (usually within 24-48 hours)
Offer acceptance and instruction of solicitors
Property visit/assessment (sometimes optional)
Legal processes and paperwork completion
Agreed completion date (as quick as 7 days or flexible to suit your timeline)
Funds transfer and property handover
How quickly will I receive the cash for my property? With Property Saviour, the funds are typically transferred on the agreed completion date, meaning you could have the money in your account in as little as 7 days from accepting our offer. Unlike traditional sales that can drag on for months, cash purchases can be completed according to your preferred timeline.
How to Sell Your House Fast for Cash: Making the Right Choices
When seeking a rapid property sale, it’s crucial to choose the right cash buyer. Here are essential factors to consider:
- Understand the valuation process – Reputable buyers will explain exactly how they calculated your offer. If they are sending two estate agents they are borrowing money as that’s a requirement by their bridging loan company.
- Confirm there are no hidden feesĀ – The best cash buyers cover legal fees and don’t charge for valuations or other services.
- Get everything in writingĀ – Legitimate cash buyers will provide clear, written offers without pressure tactics.
- Ask about their fundingĀ – Genuine cash buyers should be able to demonstrate they have funds readily available.
- Can you use your own solicitor? Many dodgy companies will insist that you use their solicitors. This is a clear conflict of interest as they will influence this so called independent solicitor.
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Where can I find someone to buy my home for cash? Beyond Property Saviour, there are numerous cash buying companies operating in the UK market. However, not all offer the same level of service, transparency, or fair valuations. When researching potential buyers, examine their track record, read customer testimonials and check if they are genuine like ours.
Should I Sell My House for Cash? Pros and Cons
Deciding whether a cash sale is right for your situation requires careful consideration of both the advantages and potential drawbacks:
Pros:
Speed: Complete in days rather than months
Certainty: Significantly reduced risk of sale falling through
Convenience: No viewings, staging, or marketing required
Simplicity: Streamlined process with fewer parties involved
Solution for difficult properties: Ideal for homes in poor condition or with legal complications
No chain-related delays: Not dependent on other transactions completing
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Cons:
Lower offer price: Around 70% of market value. Some ‘buyers’ claim to offer up to 90% of valuation but later on drop their offer to well under 60% of value at the last minute!
Limited negotiation: Less room for price discussion than open market
Fewer buyer options: Not comparing multiple potential purchasers
Potentially less suitable for pristine, desirable properties in hot markets
Do Cash Buyers Offer Less?
Yes, cash buyers offer less than the full market value you might achieve through a traditional estate agent sale. This price difference reflects the value of the service provided and the need to make a profit: the speed, certainty, and convenience of a cash sale.Ā
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How much should a cash buyer offer?
While most professional cash buying companies offer around 70% of market value, this percentage can vary based on property condition, location, and current market trends. Private cash buyers might offer closer to market value but with less certainty or speed.
Here’s how a typical cash offer is calculated:
- Purchase price: 70% of value
- Buying and selling costs: 10% – this includes stamp duty, legal fees, bills, insurance and reselling fees
- Resale profit margin following works: 15% – we don’t always achieve 15% margin as sometimes buyers haggle or it takes much longer to sell. This is our profit before tax and running cost of advertising, office and staff.
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If this is not enough and you are flexible with timescale, we can offer you more money via an assisted sale service.
At Property Saviour, we pride ourselves on making fair, competitive offers that reflect both the property’s value and the benefits our service provides.Ā If you need a guaranteed sale without the stress, we are the ones to trust.
Selling Your Home for Cash – Is It Right for You?
Cash sales are particularly beneficial for certain situations, including:
Preventing repossession or mortgage arrears
Dealing with inherited properties
Managing divorce or separation
Relocating quickly for work or personal reasons
Properties with structural issues or major repair needs
Homes with sitting tenants or squatters
Chain breaks where traditional sales have fallen through
Properties affected by Japanese knotweed, subsidence, or other significant issues.
Selling Your Home for Cash – Is It Right for You?
Cash sales are particularly beneficial for certain situations, including:
Preventing repossession or mortgage arrears
Dealing with inherited properties
Managing divorce or separation
Relocating quickly for work or personal reasons
Properties with structural issues or major repair needs
Homes with sitting tenants or squatters
Chain breaks where traditional sales have fallen through
Properties affected by Japanese knotweed, subsidence, or other significant issues
Do cash buyers pull out?
While no property transaction comes with absolute guarantees, cash buyers have a significantly lower withdrawal rate than mortgage-dependent purchasers. At Property Saviour, once we make a formal offer and you accept, we commit to that price and timeline. Unlike some companies that reduce offers at the last minute (a practice called “gazundering”), we stand by our word and have built our reputation on this reliability.
How Long Do Solicitors Take When Buying a House Cash?
Without the delays associated with mortgage applications, solicitors typically complete the legal work for cash purchases much faster. While a standard property purchase might take 2-3 months for legal completion, cash transactions can be processed in as little as 7-14 days with proactive solicitors.
At Property Saviour, we work with experienced conveyancers who understand the urgency of cash sales and prioritise efficiency without compromising thoroughness. They’ll handle all the necessary searches, title checks, and contractual arrangements promptly, keeping you informed throughout the process.
How Much Are Solicitors Fees For Buying a House Cash?
Solicitors’ fees for cash purchases typically range from Ā£1,000-Ā£1,500 depending on the property value and complexity of the transaction.
The absence of mortgage-related paperwork often means lower legal costs compared to traditional purchases.
Here at Property Saviour, we’ve simplified the selling process to save you time and money. All you need to do is instruct your solicitor to send us the sale contract, and we’ll contribute up to Ā£1,500 towards their fees. This means you can sell your property without worrying about legal costs eating into your proceeds. Unlike other buyers who may advertise “no fees” but hide charges elsewhere, our promise is straightforwardāa genuinely cost-free transaction with no nasty surprises. We handle everything efficiently so you can move forward with peace of mind.
What Happens With The Money When You Sell A House?
When selling to a cash buyer, the process is straightforward: once all legal work is completed and contracts are exchanged, the buyer transfers the full agreed amount to your solicitor’s client account. Your solicitor then settles any outstanding mortgage or secured loans against the property, deducts their fees (if not covered by the buyer), and transfers the remaining balance to your designated bank account.
This happens on the completion day, meaning you receive the funds immediately when the sale completes. With Property Saviour, this entire process is transparent, with clear communication about exactly when and how you’ll receive your money.
Are Property Cash Buyers Any Good?
The value of property cash buyers depends entirely on your circumstances and which company you choose. Reputable cash buyers like Property Saviour provide a genuine service that fills an important gap in the property market, offering solutions for sellers who prioritise speed and certainty over achieving the absolute maximum price.
We’re particularly valuable for those with problem properties or urgent timeframes. However, the industry does include less scrupulous operators who make unrealistic promises or dramatically reduce offers at the last minute. The key is working with established, with genuine reviews and one that you can trust.
At Property Saviour, we understand that selling your home can sometimes feel overwhelming. Whether you’re dealing with an inherited property, struggling with a house that won’t sell on the traditional market, or simply need a quick, hassle-free sale, we’re here to help.
Unlike many cash buyers, we pride ourselves on our honest approach and transparent process. When we make an offer, that’s the price you’ll receive ā we never drop our price at the last minute. We’ll even provide copies of our bank statements and solicitor details upfront, giving you complete peace of mind that we’re genuine cash buyers with funds ready to complete.
“I found Property Saviour to be very honest and entirely transparent in their dealings with me,” Sue Maxwell Smith, one of our satisfied sellers.
We purchase properties in any condition ā whether they need extensive renovation, have sitting tenants, or have failed previous sales due to mortgage issues. Our expertise enables us to take on situations that traditional buyers simply can’t handle.
As one seller explained:
“We just didn’t know what to do with our rural property… all sales fell through due to neighbouring properties being of non-standard construction and mortgage providers would not lend our buyers the money.”
We can complete purchases in as little as 10 days, removing the stress and uncertainty from your property sale. We’ll cover your legal fees and handle all the paperwork, making the entire process straightforward from start to finish.
One executor who sold an inherited property noted: “Property Saviour were perhaps too efficient when I was selling my inherited property. That’s my only criticism of them.”
We understand that selling your home is a big decision. That’s why we give you space to think and answer all your questions without applying any pressure.
As Sarah, who sold her tenanted property, confirmed: “Saddat gave me time to make my decision and answer all my follow-up questions too. I didn’t feel pressurised, which was very important to me.”
Contact Property Saviour today for a no-obligation cash offer and experience the difference of working with a company that values honesty, efficiency, and your peace of mind.
Sell with certainty & speed
Property Saviour Price Promise
- The price we’ll offer is the price that you will receive with no hidden deductions.
- Be careful with ‘cash buyers’ who require a valuation needed for a mortgage or bridging loan.
- These valuations or surveys result in delays and price reductions later on.
- We are cash buyers.Ā There are no surveys.
- We always provide proof of funds with every formal offer issued.
We'll Pay Ā£1,500 Towards Your Legal Fees
- No long exclusivity agreement to sign because we are the buyers.
- You are welcome to use your own solicitor.Ā
- If you don’t have one, we can ask our solicitors for recommendations.
- We share our solicitor’s details and issue a Memorandum of Sale.Ā
Sell With Certainty & Speed
- Our approach is transparent and ethical, which is why sellers trust us.
- 100% Discretion guaranteed.Ā
- If you have another buyer, you can put us in a contracts race to see who completes first.
- Complete in 10 days or at a timescale that works for you.Ā You are in control.
