Cash house buyers

If you need to sell your property quickly and securely, a cash 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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What are cash house buyers?

Simply put, a cash house buyer is a person or 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 which can interfere, and it’s likely to make for a quicker sale too.

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

How cash buying 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 cash house buyer

There are many reasons why people choose to use a cash buyer 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.

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, 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 cash buyer 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 quickly.

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 cash 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.

Things to be aware of

Gazundering

This is when a buyer considerably lowers their offer, after their initial offer has been accepted, but before they’ve signed the contracts. This is more common with individual cash buyers and dishonest cash house buying companies, as they may know that you’re keen to complete the sale quickly.

Option contracts

If they don’t actually have the cash to buy your house straight away, some house buying companies will ask you to sign an option contract. This prevents you from selling your property elsewhere, while they source the funds to make the purchase.

Not all cash buyers are genuine

According to The Advisory, over 70% of quick house sales fail due to disingenuous buyers, who can’t access the cash to buy your house. If you’re selling to a company, make sure it’s a reputable one that’s monitored by independent bodies, like Good Move.

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.

Popular cash house buyers

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. Here are some other popular house buyers:

Top competitors

  • Company
  • Reviews.co.uk
  • Trustpilot.co.uk
  • Google.co.uk
  • No fees to pay
  • Buys house directly
  • Shortest guaranteed TTS (time to sale)
  • Cash offer timescale
  • Max % offer
  • Offers third party assisted sales
  • NAEA Propertymark
  • Uses RICS accredited surveyors?
  • Member of NAPB
  • Registered with TPO
Reviews
  • 4.6/5
  • 4.5/5
  • 4.6/5
USPs
  • 10 days
  • 24 hours
  • 80%
Features
  • No reviews
  • No reviews
  • No reviews
  • 4 weeks
  • 24 hours
  • 90%
  • No reviews
  • 4.6/5
  • 4.3/5
  • 3 weeks
  • 24 hours
  • 90%
  • No reviews
  • No reviews
  • 4.1/5
  • 3 weeks
  • 24 hours
  • 80%
  • 4.9/5
  • No reviews
  • 4.5/5
  • 1 week
  • 24 hours
  • 85%
  • No reviews
  • 4.4/5
  • 4.5/5
  • 2 weeks
  • 24 hours
  • -
  • No reviews
  • No reviews
  • 4.6/5
  • 2-4 weeks
  • 24 hours
  • 85%
Ready Steady Sell
  • 3.5/5
  • No reviews
  • No reviews
  • 2 weeks
  • 24 hours
  • -
  • 4.8/5
  • No reviews
  • 4.0/5
  • 3 weeks
  • 24 hours
  • 85%

FAQs

  • 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.