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Selecting Quick House Sale Companies: What to look for

submitted on 8 September 2016
If you want to sell your property quickly, there is no better place to think of than the quick house sale companies. Quick house sale companies usually purchase your property or identify a third party to purchase the property for cash quickly, usually within days at a discounted price.

Even then, you may be a little skeptical especially if you have not done any prior transaction with these companies. This is because some quick house sale companies have openly misled their clients with the aim of ripping them off.

Thus, you need to equip yourself with the right information sifting falsehoods from truths in order to make sober judgment. To get you started, here are some of the things that you need to understand about quick house sale companies.
  • Some of the quick house sale companies agree to purchase your property only to reduce the price at the last minute.
  • Some of the quick house sale companies may make misleading valuations therefore, ensure that you get at least three valuations from estate agents.
  • When selling property to a quick house sale company, the fee structure is sometimes not clear with dishonest companies imposing hidden fees or even blocking a sale until you pay them.
  • Some companies usually impose excessive penalties for clients that may want to abandon them.
  • Sometimes, you may be tied by contracts effectively preventing you from selling to other potential buyers that will come along.
Well, with the downsides discussed above, you are probably wondering if you should use a quick house sale company. It is advisable that you first consider all the options that will help you keep your home or sell it at a better price altogether. Some of the options include the following:
  • Seek advice on managing debt – If the reason you are considering selling your property is because of debt, consider getting free guides on managing your financial problems from financial experts. This way you are guaranteed of solving your problem for good.
  • Weigh in on the option of selling your property on the open property market – You are more likely to get a better deal when you sell in the open market through a high street estate agent or the online estate agent as their fees is much lower. You may also sell the property through a private sale.
  • Consider negotiating with the mortgage lender – If you are selling your property because you are having difficulty paying for the mortgage, you may need to pause and talk to your lender first.
In most cases, the lender will provide much assistance and help you look at the options that you have under the circumstances that you are faced with. For instance, they may agree to delay or stop repossession proceedings to allow you time to get your finances in order.

A quick house sale is a great alternative to selling your property within a short time. Even then, you need to pursue this option with caution, as some estate agents may want to take advantage of your desperation.

 







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