Among all the assets that can be sold, houses are just the toughest property that you can handle considering that you most likely put your hands on money. There are only a few companies who can offer you sale and rent back if you need to sell your property and rent it back – possibly to avoid repossession. All of these companies which offers sale and rent back are FSA regulated, so if ever you have an interest of dealing with them, ask for their certification and if ever they don’t have one, then you’ve got to doubt yourself whether you’ll continue your deal with them or not. Usually, a quick sale for cash means you will be selling your property for a cash offer that below its true market value. An example of a quick sale is when you are interested to sell your car and you sell it in a price of $10,000 in a car magazine, little did you know, there are potential buyers in your region, however, they will buy it for $9000-$9,500, even though they will buy it for a lower price, at least, there is an assurance that someone will give a cash for your car with just a deal. There are also instances where you will sell the same car at a garage however, they will only buy it for around $6,500-$7,000 since your transaction is instant. The reason why garage buyers would only buy it for a lower price compared to its price on a car magazine because there is an assurance that they will definitely buy your car with just a snap most especially if you need the money immediately.
The same scenario happens if you want to sell your house. Other people would even say that the price of the house that you are selling depends on the person who is willing to buy it.
The growth of sell property for cash companies has led to extensive advertising and if you type into Google “sell house fast” you will see a dozens of house buying companies appear. The question you have to ask yourself is how many of these house buying companies are on top of Google because they are “trusted sites” and how many are advertising to be there? The ones on left and at top at paying to be there – meaning they could be anyone even unregulated companies however, those that appear in organic listings are established names BUT vast majority of them will only generate your enquiry and sell it to property investors in the area.