Queries to ask a fast home buyer when selling your Collier Row property
Are you thinking of selling your freehold or leasehold house or flat in Collier Row? Consider using a fast buyer like LDN Properties who can give you a streamlined option for receiving a fair and fast offer for selling your home. Most legitimate quick home buyers often take just a few short weeks to finalise the purchase of a property, and that includes exchanging contracts.
If this method of selling sounds appealing, you should consider doing internet searches of specific fast buyer’s names, because this could alert you to any bad customer reviews or negative news articles about the business, and help you avoid falling victim to a possible scam.
And you should also call or email the quick buyer to ask them some questions that will help to establish whether they are credible or not. We have provided some suggested questions below, along with what to listen for in the answers that you get before you make a decision on selling.
The Property Ombudsman (TPO) is a third-party entity responsible for writing regulations that aim to prevent bad practice in the quick home buying industry in order to protect homeowners. Registered members must follow those rules, and their details are available on TPO’s website. You should be wary of a non-TPO member because the company could be fraudulent.
These agreements are designed to let homeowners sell their properties to a fast buyer and then continue to live in the house by renting it from the company. But such agreements can be problematic and often have no long-term certainty.
This is a major red flag, because these agreements typically prevent anyone except the fast buyer from making an offer to purchase your home for many months, and possibly even longer. Quick buyers should be able to finalise buying your property within weeks, so there is no reason why a reputable company would ever ask you to sign such an agreement.
