Quick House Sale Companies; the Traps, the Tricks & the Pitfalls

SOUTH SHIELDS, England, October 28, 2013 /PRNewswire/ --



HighPricePaid.co.uk is one of the only 'quick sale' companies that are registered with the Property Ombudsmen, have a Data Protection License, and most importantly, genuinely have access to funds, readily available to buy any UK property in as little as 7 days, or in a timescale that suits the vendor.

No investors, no mortgages, no estate agents, HighPricePaid deal with cash and can provide genuine proof of funds in under 2 hours. If a vendor wants a quick property sale, that is safe, honest, and without obligation - HighPricePaid today expose the traps, tricks and pitfalls that some companies are practicing, even after an OFT investigation.

Sell House Fast- is it possible to get cash in 7 days from a Quick House Sale company?

HighPricePaid is one of many fast house sale companies that offer customers a quick sale of their property for a cash price - however a recently launched investigation by the OFT found that only a handful of companies are practicing what they say on their websites.. In fact, the OFT was so concerned by its finding that it announced it is to formally investigate 3 prominent quick sale firms.

The OFT main causes for concerns  include companies drastically dropping prices at the last minute, tying vendors into lengthy contracts, offering an upfront low percentage and a follow up payment in 10-20 years' time, claiming to have the funds to purchase in 7-10 days when in reality they were relying on mortgages or external finance to purchase.

Honesty in Quick Sale Companies?

HighPricePaid differ from other quick sale companies that have recently been reported in the news, in that they genuinely do deal in with cash offers, and have the funds to purchase any property in the UK, in any condition in as little as 7 days if needed.

Every offer made from HighPricePaid is backed up with an independent survey, and if a vendor is not happy with the offer made based on their survey, they can simply walk away at any point. There is no tie in agreement, it is all at the expense of the company.

Having now made numerous cash offers on UK properties and sold even more with their quick estate agency service, HighPricePaid Director, David Sessford said:

"Customers deserve to know exactly what we will pay for their properties up front, and it's only fair we stick to that offer. If our offer is not high enough, we have alternative sale options that could achieve more; if the vendor is willing to wait a little longer."

David explained - "90% of the companies advertising on the internet as 'quick sale' companies are not genuine cash buyers. They are either estate agents trying to sign up vendors on lengthy contracts, they are investors or working with investors. We provide a service which is safe, can genuinely achieve a sale in approximately 7 days, and has a home seller's best interests at heart."

Property scams blacken the name of genuine cash buyers

David continued: "After doing our own research we have found that a number of companies are asking for valuation fees from customers, are trying to tie vendors down into lengthy contracts to put them on the open market and hope for a buyer to turn up, and are still trying to drop prices at the last minute, even after the OFT investigation."

A new breed of 'quick sale, estate agents'

As previously mentioned, a number of the cash sale companies advertising are merely estate agents in disguise and don't have the cash available to buy.

David said: "Companies that advertise as cash buyers and then simply list properties on Rightmove or Zoopla are facing the same problem that traditional estate agents face; the vendor requires a quick sale, and the only way to guarantee this happening is with a cash offer."

Free valuations, free advice and honesty

HighPricePaid prides itself in providing solid, honest advice from the first instance a vendor gets in touch with them. All valuations carried out are at the expense of the company, not the seller, and all selling options are made clear right from the very start.

It is even possible to receive a free house valuation on the HighPricePaid website; to get an indicative offer of what you could expect to receive in cash, and what you could expect to receive via HighPricePaid's online estate agency. Timescales of each sale are also give and are clearly laid out.

If you are interested in HighPricePaid, you can visit the website to receive your indicative offer, or simply call freephone +44(0)800-612-7917 to speak to an advisor.

About HighPricePaid.

HighPricePaid is a trading name of RankWarrior LTD (http://www.highpricepaid.co.uk). Based in South Shields, Tyne and Wear. Our service helps vendors looking to sell their property for a quick cash sale, or looking for a fast sale on the open market.