Can anyone recommend a ‘we pay cash for houses’ company?

[AnnieHll]

We’ve been on the market 4 months and have only had one very low offer. We’ve reduced our asking price over £125k and know it is now priced competitively. We’ve found somewhere to buy that we love and our vendor is getting impatient waiting for us to sell. I got an online quote from a company who buy houses for cash out of interest. I know there are lots of them about (we’ve had a few letters through our door) and some are possibly unscrupulous. Does anyone have any recommendations for a company they or someone they know has used? Thanks

They're all sharks. They might offer you a price that sounds decent, but will lower it at the last minute. Only ever heard bad stuff about them.

They'll be give you a stupid low amount.

Better off holding on or reducing further tbh. Still get .ore than they'd give.

Vendor will have to wait...or find another buyer. You'll sell eventually.

I rang a couple when I was selling my house.
One young lad I spoke to told me not to do it and it was only beneficial if you were absolutely desperate to sell and had no other option. He confirmed they drop the price at the end.
The other company were still pestering me months after the house had sold via an estate agent.

Just drop,your price further, you will still make more .

To clarify op

they will pay and then resell. The price they resell for is the price you can sell for. The difference between what they pay you and the resale is the profit they make.

so drop your price, even at your lower offer it’s more than these companies will ultimately give you

If you are that stuck get their first offer and sell it yourself at that price for cash or put it to Auction - may be a few weeks longer but you will always get more than they would finally give you.

We looked into this when our first buyer dropped out and we thought we would lose our onward purchase. They offered about 80% of asking price it was on the market for. It wasn’t an option for us and luckily we found another buyer and we’re able to resume with our purchase.
I’ve also heard a lot of reviews that have said they drop the price from the initial offer too before you sell to them meaning it’s even less they pay out even less.
could work well if you have a probate house to sell and don’t want the hassle or similar circumstances but probably not worthwhile for anyone that needs the funds for an onward purchase