However, when you approach house buyers such as MPG Investments, the home is taken off your hands quickly and with little fuss. Our agreements are completely transparent, and all costs are disclosed up front. And, although we will purchase your house for an amount that is below its accurate market value, you are assured of a guaranteed sale and a simple, hassle-free transaction.
Unfortunately, home buying companies have recently begun to receive some negative publicity, as some in the property industry have begun to claim that it is far more cost-effective to turn your home over to an estate agent when it’s time to sell.
However, what these assertions fail to take into account is the fact that, should you opt for the services of estate agents, they will be entitled to a percentage of the selling price once the sale is confirmed. Furthermore, the majority of estate agents will inflate the market price of your home, which means that you’ll more than likely be compelled to accept an offer that is significantly lower that the value of your home.
Even more alarmingly, estate agent commissions are generally based on a percentage of the asking price of the home – not the final selling price! Thus, when you combine the financial loss of accepting a low offer with the cut your agent will receive once the sale has been completed, the picture is no longer so rosy.
Thus, it stands to reason that what you may forfeit up-front when you sell your home to a property buyer, you’ll inevitably forgo further down the line if you decide to hire an agent. With this in mind, it often makes sense to utilise the services of a home buying company, particularly if you need to sell your home fast.
At MPG, we do all the legwork for you, and moreover, we do it quickly. This means that you will not have to wait for weeks or months for your sale to be approved, as you would with an estate agent. You also won’t have to worry about undisclosed fees and expenses that are often part and parcel of such protracted business transactions.
Indeed, some home buying companies may offer you a deal before undertaking a thorough valuation of your home, and in such cases, you may well lose out. These types of firms may base their estimations on “drive by” valuations or online assessments that do not reveal the true market value of your home.
For this reason, it is important to ensure that you select a reputable home buying company that will assess your home and calculate its market value accurately. MPG’s home valuations are carried out on-site by professional surveyors, and our valuation costs are far lower than the industry norm.