Fast Sale Company for Selling Your House

[Essence]

Has anyone sold their house to one of those companies that offer to buy the house at between 75 - 90% of the market value for a quick sale? If so, was it a good move and did it work out for you?

[Ethel]

I would be amazed if anybody actually got 90% of the market value. 70% is the more realistic.

If anyone has a property in poor repair and need a quick sale, it may be worth speaking to the local estate agent. He will know of local builders/developers who may be interested in a quick cash sale.

[oldwoman]

We have just done it .Sold our house and are renting it back. Ihave lived here for 50 years moving here when I was a child, It was an ex council house. We had got a remortgage and still had ten years left to pay although my husband is 62 (who gave him this I have often asked).The house was worth �70000 and we got �53000.It has made me very happy. Dont go with the ones who ask you to pay anything up front, It has cost us nothing in fees.

[Essence]

Thank you for your replies, Ethel and Oldwoman. That's really helpful. It just seems to be a non-hassle way of selling which really appeals although I appreciate that it would come at a price.

[WoWo]

There is nothing wrong with them as long as you understand it's a business transaction, their goal is to purchase a property at less than market value and yours is to shift the property quickly. If you are happy taking 70% of the "value" then thats fine, as oldwoman has said there can be no reason what so ever that they should require a fee up front.