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Who really is the best home buyer? We compare private house sales against house buying companies.
Once you have decided to sell your house you need to weigh up your options and consider what you want from the selling process:
- Time – Do you need a quick sale (property buying company) or are you prepared to wait?
- Capital and cost – Do you need to release capital quickly for other purposes? How much of my capital will be absorbed in fees and legal bills?
- Vacancy – Are you ready to move now or do you want to gain a sale and then move when ready?
- Next property – Do you need to safeguard a chain for your next property purchase or become a cash buyer to gain a better price?
These are just some of the questions you need to ask yourself when you come to sell your home.
Once you have decided how you want to sell the next step is to decide whom you want to sell to. You have the option of choosing a private sale or a property buying company.
For most of us private property sales are the obvious choice but, using our criteria above, it pays to analyse the service you will actually be getting – house buyers vs. private house sale:
House Buying Company – MPG investments
- Time – Completion in 7 days: a very, very quick process.
- Capital and cost – You may achieve slightly less than market value on your home but we guarantee there are no hidden fees and we’ll even provide £500 for solicitor’s fees.
- Vacancy – We’re flexible enough to complete immediately or at a later date to suit you. You can even sell and rent back the property from us should you wish.
- Next property – You can become cash buyer instantly; on average this will give you a 7% discount on your next property purchase.
Private House Sales
- Time – It might surprise you to know that on average it takes 6 months to sell a house to private sellers via an estate agent. Sales also have a nasty habit of falling through so there are no guarantees.
- Capital and cost – You may achieve slightly less than market value on your home but we guarantee there are no hidden fees - we’ll even pay ALL YOUR LEGAL FEES (if you use our recommended solicitor) or give you £500 toward your fees (if you use your own solicitor)
- Vacancy – A key factor in failed property sales, inflexible completion dates required by chains often means you will have to resort to rental accommodation.
- Next property – Private house sales will not make you a cash buyer, you will be a chain buyer. All being well, things will complete but there’s always the possibility you may be gazumped on the house you really want.