There are many people and companies on the internet that advertise themselves as a property cash buyer and, if you are looking to sell your house fast, it’s 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”