Questions to consider asking a fast buyer when selling your Leytonstone home
When you sell your home to LDN Properties, you’re guaranteed a straightforward, no-stress and hassle-free process. We promise that you’ll never have to pay any commission when we buy your freehold or leasehold home, and we can complete most sales within a few weeks. That’s much quicker than you can expect if you use an estate agent or auctioneer to sell your home.
If you are thinking about using a fast home buyer to sell your property, you should do some initial research by searching for specific company names online. This can be a simple, fast and free way to find out whether there are any negative news articles or bad customer reviews written about the quick buyer that could inform your choice about whether to use them. Or it might uncover positive reviews and coverage that may help you decide to sell to them.
Another important step to consider is emailing or calling a speedy home buyer to ask them certain questions that will help you learn more about how they do business. We’ve provided some sample queries below, along with tips on how to interpret the answers you receive.
Lock out contracts give a single person or company the sole legal ability to purchase your home within a specified amount of time, typically many months. But legitimate fast property buyers should be able to complete the process of purchasing your home in just a handful of weeks, so there is no reason why a trustworthy company would need this requirement.
As mentioned above, the honest fast buying companies will never charge any fees for purchasing your freehold or leasehold house or flat, which helps you maximise your profit. You should be hesitant to sell your home to any quick property buyer that requires you to pay them a commission or any other fee, because it’s likely that you are dealing with type of scam.
The Property Ombudsman (TPO) is an independent organisation that writes rules which aim to shield homeowners against possible fraud in the quick buying industry, and all genuine TPO members must abide by those regulations. Avoid companies that either refuse to join the organisation, or that claim to be registered yet cannot prove their membership status.
With a sale and rent back agreement, an owner can sell their home to a fast property buyer but continue to live there in exchange for paying the company a set amount of rent. Although this might seem like a good idea at first, you should avoid quick buyers that offer them because there is nothing by law to prevent them from trying to evict you six months after the sale.
