Quick House Sale Firms - Can You Really Achieve 100 Per Cent Market Value?

SOUTH SHIELDS, England, February 2, 2015 /PRNewswire/ --

Sell house fast agency We Pay The Most can achieve on average 96% of market value for their customers looking to sell their property quickly, however, this doesn't mean a cash sale.

We Pay The Most, one of the UK's leading quick property sale companies, today have divulged the UK residential property market with an insight into how fast house sale cash buying firms operate, and how companies claiming to offer 100% of market value aren't offering a cash sale.

Selling Property Quickly - can you really achieve 100% market value with a Quick House Sale firm?

We Pay The Most offer a unique approach to the generic cash buying sell house fast companies that generally only offer their customers a single option of selling for cash at around 70% below market value. Although a cash sale is an option with the firm, selling a property quickly doesn't always mean that you need to accept a considerable discount with alternative options to suit all vendors.

Dealing with 'cash buyers' in today's property market can be full of hidden dangers with many agencies claiming to be able to pay 100% market value, agreeing a price and then dropping that price hours before completion on the sale.

Quick sale agencies - getting the best price

We Pay The Most does offer cash property sales, however they claim to offer an entirely different approach to the companies recently reported for bad advertising practices in the news.

We Pay The Most clearly states on their website that they will not pay 100% market value for property if the vendor is looking for a cash sale, however they do claim to have methods of sale that can achieve up to 100% market value. The general intentions of the company are to get the best possible price in the shortest timeframe for the vendor.

Having worked in the industry for over 10 years, We Pay The Most director David Sessford said:

"Companies that claim to be able to pay 100% market value, or guarantee a buyer a sale price that is unachievable are simply misleading desperate home sellers down a path that is unfair and unjust."

David went on to say: "I set up We Pay The Most to give homeowners the solid facts about selling property quickly, and want to offer sellers the opportunity to explore all avenues before making an informed rational choice. We do offer a cash buying service, and can achieve more than most 'quick sale' firms, however we don't pay market value for property. Anyone claiming to pay cash and pay 100% of market value is simply not telling the truth."

Quick Sale Firm regulation

David continued: "We are also seeing a number of firms claiming to be regulated in the industry. The simple fact is that there is no regulation within the industry, and the only association that has been set up is not backed by the CMA (Competitions and Markets Authority) and therefore has no real determination if a company is trustworthy.

"The majority of firms advertising they can pay up to 100% market value and have the cash to purchase property fast are usually no more than estate agents. They simply list property on Rightmove or Zoopla and wait for a regular buyer to come along, or not as the case may be."

To add salt to the wounds, David explained further that, "A number of fly-by-night companies have started advertising online that they can pay over 97% of market value for a property and still offer a cash sale. If these companies bought at 100% market value, and sold at 100% market value they wouldn't make a profit. If something sounds too good to be true, it generally is."

Industry investigations

The Office of Fair Trading, now known as the Competitions and Markets Authority, previously investigated the quick house sale industry with inconclusive findings. We Pay The Most and other industry experts are calling for a further investigation from the CMA to conclusively deal with the companies making false claims. The Property Ombudsman, who are an authority that regulate estate agents, also need to act on estate agencies 'pretending' to be cash buyers.

"Guidelines and regulation are needed," said David. "We work closely with an estate agent in the North East of England, and we are fair but firm with valuations. We don't see the advantage in giving customers false hope in sale prices, however at the same time we do our utmost to get the best possible price we can. The same should apply to all quick sale companies, they should be proud of their company and aim to get vendors the best possible prices in the quickest time frame. Everyone deserves a fair deal."

Free online valuations

We Pay The Most have designed and developed a free property valuation tool to assist home sellers in making a choice when it comes to selling. The tool takes into account sold house prices recorded at the land registry, which is information that is freely available. It also gives customers prices if they sell for cash, sell with an agency on the open market or if they sell at auction.

Anyone interested in We Pay The Most can try their free house valuation tool today, and get a free online quote or speak directly with a member of the team by calling 0800-612-7917 any time of day 24/7.

About We Pay The Most

We Pay The Most (https://www.wepaythemost.co.uk), based in South Shields, Tyne and Wear, England, is one of the only quick sale firms operating in England to offer multiple selling options that can achieve up to 100% market value.

Contact: David Sessford, 0800-612-7917, [email protected]

https://www.wepaythemost.co.uk  

SOURCE We Pay The Most