Companies that buy houses

[iloverosycheeks]

Has anyone any experience with these companies that offer 75 to 90% of market value of your house in cash. We are desperate to sell and no-one seems to want to buy - market won't pick up again until February prob, prob won't complete til April or something - cant bear thought of still being here then (problems with neighbours) I would imagine these companies are dodgy but wondered if anyone had used them?

I haven't used one personally, but I did make enquiries, they offered me £40k under the value of my house. It's not worth it really it isn't.

I do know how you feel I was desperate to sell, in an area where houses sell well but were slow this summer.

We put our house on the market in February, fell in love with a beautiful house, finally sold ours in April, beautiful house fell through, continued with sale of our own house which completed in June, then we had to move into a tiny rented house and finally moved into our new build last month!

Thanks Fimbo - just confirms what I am already feeling, that it wouldnt be worth it. Will just have to hang on in there - already lost the perfect house, fairly typical that market dies as soon we want to sell

If you really hate place you are in, have you thought about renting it out and moving? If you have reasonable equity in it, rent would cover existing mortgage and may help towards renting another place. If you have really great equity you could remortgage to much higher amount and use surplus to fund a move. Know what it's like to be stuck with neighbours from hell - you have my sympathies.

BTW, lots of these companies don't make their money buying houses at discount at all - they charge owners a survey fee of several hundred pounds that they then base their ludicrously low valuation on. It's win-win - they either get £££s for writing bogus report or get someone so desperate that the house is almost given away.