There are many people and companies on the internet that advertise themselves as property cash buyers and, if you are looking to sell your house fast, its important to be aware of the differences between them.
Typically, a cash buyer, like Molae Properties, will offer homeowners a fast house sale. Deals can be completed with a very short space of time as there is no need to wait for a mortgage to be approved, or for other people in a property chain to conclude their own house sales. Often property sales can happen very quickly, within a week or two.
People choose this option for a variety of reasons, some want a quick sale because they have debt problems and want a quick sale to stop the repossession process, others may have inherited property from a relative and don’t want to wait months to sell it. Other reasons for quick sales to cash buyers include divorce, moving abroad, or just a wish to avoid the hassle involved in listing with an estate agent and waiting months for a sale to go through.
However, there are other companies offering quick house sales that are not genuine cash buyers. To be able to conclude a property deal within a matter of days, companies will need to have access to the cash, any companies that need to apply for a bridging loan until a mortgage is approved on a property will be unlikely to conclude a deal as quickly as they promise. Some companies are well aware of this, and will tie you into a contract while they wait for financing.
If you need to sell up quickly to avoid repossession, for instance, a delay on the part of the property buyer could have very serious consequences for you.
Molae Properties is a genuine cash buyer, as we have the funds available to purchase property without having to wait for a bank loan, so we can buy your house and conclude the deal within a short space of time, a week in many cases.
A previous Molae customer, Ms McNally of London, is a good example of this:
“I was under threat of repossession. To stop the bailiffs I needed to exchange with a completion date of seven days later. Molae Properties visited the flat, made an offer and we exchanged within 7 days. What particularly suited me was the facility to continue living in my flat as a tenant. The reason I went with Molae Properties was because I felt I could trust Julien at our first meeting and I am pleased to say that I was right”