Cash house buyers

If you need to sell your property quickly and securely, a cash property buyer is perfect for you. As a reputable quick house sale company, Good Move will provide an accurate cash offer for your home in just 24 hours. There’s no property chain, mortgage lender or estate agent to worry about, and we’ll even cover your legal fees.

  • 1Start by entering your postcode
  • 2Receive a cash offer within 24 hours
  • 3Sell your house fast for cash

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  • "My experience with Goodmove was a good one. I would recommend should anyone want to sell a property"

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  • "I can't praise the team at Goodmove enough. My flat was on the market for 8 months with very little interest with another agent. Although I did not get the market value the sale was stress free and quick. Thank you"

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What are quick house sale companies?

Simply put, a quick house sale company is a business with the financial means to make an immediate cash offer on your property.

Selling your home to a cash buyer simplifies the process, as there are fewer external factors that can interfere, and it’s likely to make for a quicker sale too.

Using a quick house sale company has the added benefit of helping you avoid house chains, and will result in you selling your house a lot faster compared to selling on the open market through an estate agent. Moreover, cash house buyers don’t charge any estate agent fees, legal fees or commission. However, it’s worth noting that they usually only pay up to 85% of the market value of your house.

The fast house sale process is less complex than relying on a buyer with  immediate funds in cash or from a mortgage lender, and can be broken down into five simple steps outlined below.

How the property buying process works?

1

Cash offer made

A cash offer is made on your property, by an individual or a genuine cash house buyer like Good Move.

2

Survey conducted

Surveys are instructed, and carried out, to check the condition of the house.

3

Deposit paid

A deposit is paid to hold the property, while contracts are exchanged and signed.

4

Solicitor checks made

Further checks are carried out by the cash house buyer’s solicitor.

5

Payment in full

The buyer, or the buyer’s solicitor, pays you in full. You hand over the deeds, and the sale is done!

  • 1

    Cash offer made

    A cash offer is made on your property, by an individual or a genuine cash house buyer like Good Move.

  • 2

    Survey conducted

    Surveys are instructed, and carried out, to check the condition of the house.

  • 3

    Deposit paid

    A deposit is paid to hold the property, while contracts are exchanged and signed.

  • 4

    Solicitor checks made

    Further checks are carried out by the cash house buyer’s solicitor.

  • 5

    Payment in full

    The buyer, or the buyer’s solicitor, pays you in full. You hand over the deeds, and the sale is done!

When to use a house buying company

There are many reasons why people choose to use quick house buyers for their property – below are some of the main ones:

If you need to sell your house fast. Whether you sell to an individual or a company like Good Move, choosing a cash buyer is the fastest way to complete the sale of your property – an ideal solution if you want to stop repossession of your house, are selling an inherited property, or are selling a house after divorce.

If you don’t want to waste money on fees. By selling your property to Good Move, you’ll pay no fees for solicitors, surveys, valuations or estate agents.

If your house is in disrepair. Companies that buy houses for cash will make you an offer regardless of the state of your property; Good Move will purchase any home in the UK, at up to 85% of market value.

What are the benefits of a cash house buyer?

There are many benefits to using a cash buyer – below are some of the key ones:

When a buyer has sufficient funds for an immediate cash offer, the sale is less likely to fall through, as you’re not depending on a mortgage lender to finance your buyer.

Choosing a quick house sales company  also means that you won’t have to deal with a property chain, so there’s no need to worry about your buyer’s house sale falling through and hindering you from selling your house fast.

The whole sale process is simpler when there’s no mortgage lender involved – it’s just you, your buyer and the solicitor.

According to Hometrack, selling a home in the UK takes around six weeks, but with a quick house buyer, this process is much quicker. Good Move will provide you with a free cash offer within 24 hours, and the sale could complete in just two weeks.

There are plenty of advantages to choosing a cash house buyer, but like all house sales, there are risks too.

Is the quick house sale market regulated?

The sector has a self-regulating governing body called the National Association of Property Buyers.

The NAPB was formed to put self-regulatory processes in place to ensure members operate with transparency, fairness and honesty. However, self-regulation in the quick house sale industry is voluntary. Therefore, it’s essential to make sure that any company you deal with is a member of the NAPB, to ensure your property sale is protected.

How does industry self-regulation work? Am I protected if something goes wrong?

When dealing with a NAPB member, you are always protected because firms must adhere to the NAPB Code of Conduct and be registered with the Property Ombudsman in order to qualify for NAPB membership.

The Property Ombudsman offers added peace of mind with a comprehensive, independent redress and compensation scheme available should any disputes arise.

How do I find an NAPB member?

All NAPB members are listed on the NAPB website.

The pitfalls of unregulated quick house sale companies

If you decide against using a quick house sale company that are not members of the NAPB and registered with the Property Ombudsman, some of the potential pitfalls include:

  • A long, drawn-out sale that could last months
  • A lack of transparency in terms of surveys or valuations
  • No code of practice, so there is no minimum level of customer service that the house buying company needs to adhere to
  • No recourse action to follow up with if a sale goes wrong
  • Offer price reduction without any reasoning and un-agreed additional costs (legal fees and valuations)
  • No guarantee on an offer price and a reliance on untrustworthy third-party investors

The Good Move difference

1

Our offers are realistic

That means no gazundering – the initial offer we make on your property will only change if any material adverse matters affecting the property are revealed during the buying process.

2

Your sale will complete quickly

We don’t use delay tactics; we’re just as keen as you are to get your house off the market, so your property could complete in as little as seven days.

3

No hidden fees

We’ll pay for the valuation, the survey and cover any legal fees involved in the sale – plus, you avoid spending money on an estate agent.

  • 1

    Our offers are realistic

    That means no gazundering – the initial offer we make on your property will only change if any material adverse matters affecting the property are revealed during the buying process.

  • 2

    Your sale will complete quickly

    We don’t use delay tactics; we’re just as keen as you are to get your house off the market, so your property could complete in as little as seven days.

  • 3

    No hidden fees

    We’ll pay for the valuation, the survey and cover any legal fees involved in the sale – plus, you avoid spending money on an estate agent.

Compare house buying companies in the UK

Good Move is the most independently monitored property buyer in the industry – we’re even regulated by the NAEA (National Association of Estate Agents), so you can be sure you’re in safe hands, if you choose us to buy your house for cash. Here are some other popular house buyers operating throughout the UK:

We Buy Any Home: We Buy Any Home is one of the founding members of the NAPB and worked with The Property Ombudsman to establish a comprehensive Code of Practice for Property Buying Companies.

The Property Buying Company: As a member of the National Association of Property Buyers (NAPB), The Property Buying Company abide by a strict code of conduct.

Property Rescue: Established in 2005, Property Rescue is a professional house buyer regulated by the Financial Conduct Authority for undertaking sale and rent back schemes.

House Buy Fast: House Buy Fast is accredited by The Property Ombudsman and was established back in 2008. It was initially created to assist sellers to connect with investors and has now evolved into a large popular property buying company.

National Property Trade: National Property Trade, established in 2010, is a regulated professional property buying company that adheres to The Property Ombudsman.

Sell House Fast: According to the website, Sell House Fast is a ‘leading property company’ which successfully completes over 300 house sales every year.

Open Property Group: Open Property Group are direct cash house buyers based in Gerrards Cross, Buckinghamshire. They buy any property for cash in England and Wales.

National Homebuyers: National Homebuyers will buy any property across the country, regardless of the location or condition. They speak with local estate agents to ensure that your property is valued fairly before they make you an offer.

House Buyer Bureau: House Buyer Bureau are a direct cash buyer, purchasing properties for a percentage of the market value. The company are based in Derby, and began operating in 2014.

Vivo Property Buyers: Based in Hertfordshire, Vivo Property Buyers are a cash house buying company. They purchase properties in the South-East of England, specifically London and the Home Counties.

You can find trusted, impartial reviews of other popular house buying companies below:

House Buyer Reviews

Nine tips for dealing with cash property buyers

1

Make sure they are a genuine cash buyer

Confirm this multiple times if you have to, and then check again with their solicitor when the sale is being processed. For extra security, make sure they are members of the NAPB and the Property Ombudsman.

2

Check the small print

Not all providers are the same. While Good Move won't tie you in with fiddly contracts, other quick house sales buyers might. Make sure you do your research first.

3

Double check the valuation figure

Get independent assessments from local estate agents to see whether their figure is too low or too good to be true.

4

Confirm an agreed offer price

Dishonest firms will make high valuations to get you to commit to them before reducing them just before completion.

5

Make sure all fees are transparent

Even reputable companies may charge extra for various services. At Good Move we guarantee there are no fees and no hidden costs.

6

Agree a sale timeline

Reputable cash house buyer companies will commit to a timeline of sale.

7

Ensure there is no third-party involvement

Scan the contract for phrases like ‘option agreements’ which give cash buyers the right to sell via someone else. In particular, look for phrasing like ‘have the right to assign to a third party’. This will likely not be a quick sale.

8

Make sure there is a ‘No Obligation’ policy

If, at any point, you change your mind, a reputable company will let you walk away from the house sale.

9

Check there is a complaints procedure

A good quick house sale company will have a good complaints process and will be regulated so you are able to go to the The Property Ombudsman (TPO).

  • 1

    Make sure they are a genuine cash buyer

    Confirm this multiple times if you have to, and then check again with their solicitor when the sale is being processed. For extra security, make sure they are members of the NAPB and the Property Ombudsman.

  • 2

    Check the small print

    Not all providers are the same. While Good Move won't tie you in with fiddly contracts, other quick house sales buyers might. Make sure you do your research first.

  • 3

    Double check the valuation figure

    Get independent assessments from local estate agents to see whether their figure is too low or too good to be true.

  • 4

    Confirm an agreed offer price

    Dishonest firms will make high valuations to get you to commit to them before reducing them just before completion.

  • 5

    Make sure all fees are transparent

    Even reputable companies may charge extra for various services. At Good Move we guarantee there are no fees and no hidden costs.

  • 6

    Agree a sale timeline

    Reputable cash house buyer companies will commit to a timeline of sale.

  • 7

    Ensure there is no third-party involvement

    Scan the contract for phrases like ‘option agreements’ which give cash buyers the right to sell via someone else. In particular, look for phrasing like ‘have the right to assign to a third party’. This will likely not be a quick sale.

  • 8

    Make sure there is a ‘No Obligation’ policy

    If, at any point, you change your mind, a reputable company will let you walk away from the house sale.

  • 9

    Check there is a complaints procedure

    A good quick house sale company will have a good complaints process and will be regulated so you are able to go to the The Property Ombudsman (TPO).

Six essential questions to ask a quick house buying company

Are you regulated by the Royal Institution of Chartered Surveyors (RICS) and the National Association of Property Buyers (NAPB)?

Both organisations oversee the property market and NAPB members also belong to the Property Ombudsman who offer independent redress for any disputes.

Do you purchase the properties yourself or do you act as a broker to investors?

If the company says they act as a broker, you should avoid them at all costs. They are reliant on potentially unstable investors.

Are you cash buyers or are you reliant on a mortgage?

Property buying companies may claim "we buy any house" but if they need a mortgage you are better off going elsewhere. Mortgages can take up to 12 weeks to go through and are becoming increasingly difficult to get through mortgage lenders.

Do you have Professional Indemnity Insurance?

Any large property buying company should carry professional indemnity insurance to give homeowners confidence that if anything were to go wrong, insurance is always available.

Do you have a complaint handling procedure?

Homeowners generally like to know that a formal system is in place to manage any problems and resolve them accordingly.

Can your solicitor provide recent evidence of house sales?

It is fundamental to know whether a house buying company has any recent experience in quick house sales. Ask to speak to the solicitors of the company, requesting evidence of TR1 forms and completion statements from recent purchases. If the company refuses, it’s obvious they aren’t cash buyers and are likely acting as a broker trying to facilitate a sale with an investor.

Alternatives to quick house buyers

A fast house sale isn’t for everyone, and it’s important you spend time doing your research to ensure it’s the best option for you. Everybody’s personal circumstances are different – what works for one person might not work for you.

While there are many advantages to choosing a quick house sales buyer like Good Move, if you’re looking to sell your house fast to manage financial problems, you may wish to seek help from the Citizens Advice Bureau, Money Advice Service and National Debtline.

Similarly, if you’re struggling to keep up with your mortgage payments, selling your home might not be the only option. You may be able to renegotiate with your mortgage lender to make your payments more manageable.

If you decide you do want to sell your property quickly and safely, contact one of our experienced surveyors here at Good Move, who will be happy to help.

FAQs

  • How long will it take to receive an 'Offer in Principle' and a 'Formal Offer'?

    Every sale is different, and we’ll establish a timescale that works best for you. However, we aim to present you with an offer in principle within 24 hours and complete the sale, alongside providing you with a final offer, within 2-3 weeks.

  • Can Good Move buy any type of property?

    Yes. Regulated by independent bodies such as the NAPB, RICS and NAEA, we can purchase any type of property in England or Wales.

  • How much will I get for my house when selling to a cash house buyer?

    Cash offers are usually lower than offers from buyers using a mortgage lender. At Good Move, we’ll offer you up to 85% of your home’s market value.

  • Why don’t cash house buyers pay full market value?

    Cash house buyers usually offer less than full market value, as the process of selling to a cash buyer is so much quicker and more convenient.

  • How long does it take for a cash house buyer to buy my house?

    Selling to a cash buyer is almost always faster than a buyer with a mortgage lender, as there’s no property chain to consider. Good Move can complete your sale in as little as seven days.

  • Can I sell my house to a cash buyer if it’s already on the market?

    Most cash buying companies will ask that the property is taken off the market prior to initiating a purchase. This is to ensure that the seller is committed, and won’t withdraw from a sale once we have entered into costs.

  • Is cash house buying a scam?

    Some cash house buying companies are actually brokers, without access to the funds needed to buy your home. Good Move is not a third party, we are direct buyers with no hidden fees or sneaky small print.

  • Are cash house buying companies regulated?

    There is no official regulator for cash buying house companies. However, there are several independent bodies which monitor quick sale companies like Good Move, including the NAPB, The Property Ombudsman and RICS.