There are many families and individuals that may be looking for a quick house sale in London. A professional property buying company will provide you with such a service and allow you to liquidate your property asset in a quick and efficient manner. Typically, they will offer to buy the property at between 70-80% of the true market value of the property in return for the service they provide. Unfortunately, all that glitters is certainly not gold in terms of quick house sale companies. Let’s take a look at some of the worst practices to avoid as well as a handful of tips to select the right agency.
Fine Print Makes all of the Difference in the World
UK watchdog agencies such as the Office of Fair Trading (OFT) found several cases where customers were exploited. Some of the most common and misleading practices included:
• False claims about the value of the property and the discount being offered.
• Tying sellers to long term exclusive contracts.
• Last-minute pricing changes that occur after the seller has already fully committed to the sale.
In fact, there have been instances when some owners lost up to 53 per cent off of what would have otherwise been a fair market price.
Taken Advantage Of
It has been pointed out that many consumers are taken for the proverbial ride due to their desperation in terms of a quick house sale. A spokesperson for the OFT observed that vulnerable or financially burdened individuals are much more likely to fall for such fraudulent (and illegal practices). Although this is still considered to be a niche market, the fact of the matter is that falling victim to such firms is a very real danger. So, how can you avoid becoming a statistic?
Keeping the Basics in Mind…
One of the first signs of a reputable firm is one which has existed for some time. “Fly-by-night” companies or those with little past experience should be avoided. Also, the valuation methods need to be completely transparent and these must be provided to the client. Another important factor to consider is to make absolutely certain that there are NO hidden fees during the valuation or the subsequent sale. Finally (and one of the practices that was mentioned earlier), any sale needs to be GUARANTEED and the price cannot suddenly change at the last minute.
Having been in constant operation since 2003, this is the very same code of conduct that is embraced at Molae Properties. Not only will this take the guesswork out of the entire process, but those who desire a quick house sale in London can be assured that they are receiving nothing but the most trustworthy of services. With such an important financial event, there is simply no such concept as “second best” in this diverse industry.
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