posh10

Hi

anyone sold house to a quick buy company or ones where ur rent it back ??? market is slow, renting seems complicating and we would rather just get rid of house, quick rather than wait till sold as could take ages.

Any ideas or advise.??

Diane xx

MarkMC

no but we are thinking about it......

DEEDEE01

Hi Guys,

Just to stick my nose in here too !!

We recently put our house on the market but before any forms were signed etc, we had a leaflet pushed through our door explaining that this company were experienced house buyers and they were looking for properties to buy for cash at a reduced market rate.

They would offer us 20% less than the market value !! We only have roughly£30,000 equity in the house, give or take the market at the moment and that would leave us with about £7,000, oh, and £13,000 worth of debt, so we would be going to Oz debt and NO equity !!

Can see why your thinking about it though, personally for me, I need a little back up to put my own mind to rest.

If you have nothing to lose, go for it

Donna.x

Jasonmb

We looked into it, they will offer about 20% less than the valuation of the proeprty, the companies we contacted wanted specific type of houses and were not interested in ours

Tracy

posh10

hi ya

thanks for the response guys

what type of house are they interested in ??

what do they class as the mkt value is it estate agent value or what ??

Diane

MarkMC

I reckon they'll use the valuation that a bank would use. The estate agent valued ours at £170k but the bank's valuer said £160k. At the end of the day they are running a business and they know people are desperate to sell. As much as I'd love them to knock the door and offer £170, I cant see it...

Jasonmb

Hi Diane

It is their own independent valuation and ours is a 5 bed, detached which is only 2 years old, too big and too expensive for them apparently. I think they are looking at something they can sell on quite quickly or rent out at a good price, but that is only my opinion.

Tracy

posh10

cheers all

Jasonmb

Good Luck with what ever you decide to do and hopefully we will see you in Melbourne one day - when you / us have sold our houses that is

Tracy

posh10

absolutely !!!! where bout u heading too ??

aus2be_OH

We are not at that point where we are desperate to sell. Yet!

I did ring a few of these companies out of curiosity. Some, although they state they buy nationwide, apparently Northern Ireland is not included in their idea of Nationwide?

Anyway, one company did call through and thy say they typically offer 85% of market value. That would have reduced ours from £200k to £170k.

Quite a drop. But in the right circumstances, who knows?

I have a telephone number if anyone is interested.

Darren

Jasonmb

Hi

Jason has job in the city and we (2 adults, 3 kids + 1 dog) are heading to the Mornington Peninsular somewhere, I like the look of Mount Eliza, so we will see. Jason starts work on the 7th April, so he is likely to be there first and we will follow. What about you ??

Tracy

Dazza49

We did think about it as our house took over a year to sell, but those companies are rip off merchants they offered us £50,000 less than it was worth, needless to say we told them where to go. I would recommend hanging in there. Our house was definitely worth what it was on the market for, and we then sold it a month later $220,000.
Ally

posh10

Hi ya ,

well we ar 2 adults and 1 5 yr old. we too r heading to mornington !!!!!! how lovelydoes it look . my friend has lived there for over 2 yrs now and loves it. we have looked at mount martha mount eliza ideally though mornington nr to tina would be nice. we are hoping to head out may time , heading for tina first sort out a rental then do a bit of travelling for a good few weeks. if u like we could meet up when we get there for a coffee.

Diane xx

posh10

Hi darren would be interested in number pm me please. cheers. would h8 house to hold us up 4 ages. like i said as long as we get what we paid though extra wud b nice not holding out for too long.

Diane xx