HOW IT WORKS

 

Getting a cash offer at fast home sale online is a simple process. All it requires is filling out an initial form with your details and your property details and then sending it to us and in return, we will provide you with a initial cash offer figure. We do require you to be as honest as possible about the details that you enter, especially the price.

 

The reason for this is that when a cash buyer then proceeds to purchase your property at an agreed price, an independent valuation of the property will be required. This will then confirm the true value of the property. If there is a large discrepancy between the property value stated by you and the value from the valuation, then this could affect the position of a cash buyer being able to proceed.

 

For this reason, we prefer to conduct a valuation prior to making an offer. This will then enable us to complete on your property even more quickly once a final price has been agreed. Click here to how quickly we can complete.

 

What can I expect from my cash offer?

 

A cash offer must be below the Market Value of the property. There are many reasons for this, the main one being that cash buyers operate as a business. They take risks on buying properties quickly that may have hidden costs in maintenance or refurbishment as well as the costs involved in holding onto a property for weeks or perhaps many months in order the sell the property again. If you couldn't sell it at the price offered then the cash buyer may not be able to sell it. The cash buyer therefore needs to offer the property for sale at a much lower price than previously advertised.

 

So what are the things that a cash buyer has to consider?:

• How long will they have to keep the property
• How much work will be required
• How much less will the property need to be marketed at
• What percentage below asking price do properties sell in your area
• What the estate agents fees are for selling the property on
• What finance is required such a bridging loans
• Solicitors costs are much higher for quick transactions
• If a mortgage is required, arrangement fees for quick completions

 

All of this taken into account, a cash offer will tend to be in the region of 75% to 90% of the Market Value of your home depending on the individual circumstances.

 

For this reason, the initial offer that we will make will be based on 80% of the property value that you have stated. In our experience, this percentage is the most realistic indication of a cash offer that will proceed quickly to completion.