Questions to considering asking a quick property buyer
Selling your Plumstead home to a fast buyer like LDN Properties can be a great way to secure a sale in just a few weeks, compared to trying to find a buyer using other methods of selling your house or flat that could potentially much longer including using a property auctioneer or selling via an estate agent.
And legitimate quick home buyers will never charge you any commission, compared to other methods of selling that could result in you having to pay possibly significant fees.
Before deciding on which quick buyer to use, do some advance research to help you separate the trustworthy fast buying companies from those that might not be legitimate. Keep reading for a number of questions that you should ask a quick buyer, along with our suggested answers, to help you determine whether you want to try selling to a particular company.
Lock out agreements give someone sole legal rights to buy your property and block out any other potential buyers. But there are typically only necessary if a sale isn’t likely for several months. Because quick home buyers aim to finalise the purchase of each property within a few weeks, there are no genuine reasons why a fast buyer should need such an agreement.
As mentioned above, genuine fast property buyers never charge any fees, which helps to ensure you’ll receive all of the proceeds from selling your home. You should be wary about trying to sell your house or flat to a fast buyer that wants to charge you commission, because there is chance this business may not be legitimate.
Sale and rent back agreements allow homeowners to sell their properties to a fast buyer and stay in the home by then renting it from the company. However, these agreements can be dubious because there is often nothing to stop the fast buyer from trying to evict you after six months of renting, which can create uncertainty if you want to stay living there long term.
LDN Properties and other genuine fast buyers belong to The Property Ombudsman (TPO), which is an independent organisation that sets rules for fast buyers which are designed to protect homeowners against fraud when selling their properties. It’s advisable to not sell your home to any company that can’t prove it’s a TPO member because it might be a scam.
