How much below market value do those quick sale investors offer?

[pinkmagic1]

Seen the house of our dreams and think I might need to act quickly. I was wondering how much below the market value those quick sale investors you see advertised offer.

Also, if I sell privately, do I need one of those HIP packs?

do not even think of it - they will offer a ridiculously low figure. They know their only callers are acting out of desperation. You are better off reducing your price for a quick sale in the open market.

I looked into it last year as I was desperate to buy the house of my dreams. My house was valued at £249k their offer was £190k. That was last year when thing were still selling goodness knows what they would offer now.

They say that they offer 80% of market value but they set the value. So, if your house is worth £200,000 (places on your road are selling at that level), they will generally say that it is in fact worth only £150,000 and offer your 80% of that so £120,000. Many will also make you pay an upfront "valuation fee" of several hundred pounds. It is a real scam. If you really want to sell in a hurry, consider an auction which probably will sell it at a discount but not such a horrifying one.

There was a company featured in The Times who were VERY upfront about what they will give you and their website is very informative.

this is the article in the Times

makes an interesting read

The lady was just sick and tired of sales falling through and just wanted out.

About 25% below current market value, but why not offer it on the general market at that price to some young family on the condition they exchange within 28 days ? It drives me potty people give those companies their houses when plenty of normal people could offer just as quick turn around and it could literally change their lives.

The company I linked to above offers a minimum of 80%. They ask you to value your property then they tell you what they would give you for it.

Only then if you want to go ahead do they ask you to contribute to the RICS valuation so £300 but this is refunded if you complete the sale.

They do not change their percentage even if your house is deemed to be less than what you originally thought.

I suppose it depends on the circumstances, they aren't going to gazunder you at the last second, or pull out. It's a guaranteed sale.