Is your home buyer a cash buyer?
When you’re looking for fast house sales in London, the huge choice of homebuying firms is enough to send you mad. Where to begin?
More importantly, how do you know which cash for homes websites are legitimate and are going to deliver on their promises?
The key to finding your route through the fast house sales maze of promises is this important question:
“Will you buy my home for cash or will you need a mortgage?”
If the answer to the question is that the buyer needs a mortgage, you should steer well clear.
The reason for this is that the chances are that they will pass your details on to an unproven third party armchair investor on their list. These so-called investors will typically not put any of their own money into the deal and will try to purchase the property via a bridging loan which they later convert into a 100% mortgage using unethical brokers who take huge commissions for arranging this.
This leads to 3 problems:
1- Mortgages are much harder to arrange in the current climate and many investors are unable to complete their purchases, routinely breaking promises and renegotiating prices as they see fit.
2- Should the investor default on the mortgage, you are left particularly exposed if you are renting the property back from the investor. The home could be repossessed and you will be left homeless. The investor will lose nothing as they never put any cash into the deal in the first place.
3- Even if the purchaser can arrange finance, the chances are the deal will take weeks or months to complete, and not days as so often promised by these firms.
SecureASale is a cash-funded business and is well capitalised so we can guarantee to deliver on our promises every time. Most of our deals are completed in under a week and we do not pass your sale on to a third party. If you live in London and are looking for fast house sales for cash from a reputable cash buyer, then please call on 020 7117 6001 and ask to speak to one of our directors to arrange a free valuation. Remember, we pay cash for your house.
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