How does the Property Buying Process Work?
Offer in Principle & Formal Offer
If you need to sell your house fast for cash, Good Move will provide an offer in principle.
If this is accepted the property buyer team will then instruct our Asset Management Company to arrange a valuation of your property. As part of the due diligence process, Good Move will instruct two valuations for your property. There are no costs or obligations for homeowners throughout this process.
Upon receipt of the valuation report Good Move will then make a formal offer subject to contract and RICS survey.
If Good Move’s offer to buy your house is acceptable, solicitors and a RICS Homebuyer Report will then be instructed. We cover legal costs for our recommended solicitors or contribute £500 towards your own solicitor’s fees.
Once Good Move are in receipt of a satisfactory Home Buyers Report & Report on Title (from the solicitors), Good Move can proceed immediately to sell house quick and achieve a fast house sale.
If either of the reports should have a detrimental impact on value (e.g. faulty roof / structural damage), Good Move may have to amend their formal offer to reflect this change in circumstance or withdraw. To be transparent, customers are entitled to review any of the reports provided by our surveyors or solicitors at any time. Offering a transparent, open and honest service is core to being regulated by the RICS, TPOS & NAPB (Royal Institution of Chartered Surveyors, Property Ombudsman & National Association of Property Buyers).
Exchange & Completion
Once everyone is happy both parties then agree a completion date (exchange and completion are usually done simultaneously unless clients request otherwise). On the day of completion your solicitor will transfer the balance of the funds to you after all loans / mortgages have been paid.
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 does Good Move value properties?
Our offer in principle is based on the information you provide as well as our own online research. If this is acceptable, we will then arrange at least one independent valuation to be carried out either by an estate agent local to your property or an RICS chartered surveyor, all free of charge.
Do you purchase the properties yourself or do you act as a broker to investors?
Good Move are a direct purchaser of property. 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?
Good Move are cash property buyers. 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.
We are proud members of...
We are proud to be the most regulated property buyer operating in the ‘Quick House Sale’ industry. We are an active member of the NAPB (National Association Of Property Buyers) and are RICS regulated, which means you can have every confidence of selling your home with us quickly & easily.