Property Buyers for Cash Reviews 76

Heard nothing from them at all. Just a company trying to get your details.

Just can tell this is a scam company beware public

24 hour Cash Buyers LLC in Norcross GA. Don't use these people. Their program is disingenuous. They make an offer and when the contract comes the agreement presents contradictory language that effectively nullifies the cash offer. They want to show the house and while the deal is pending, they put language in the contract that binds you and provides them the ability to tie you up for thirty days while they try and sell your house and then they retract the offer. If this site had the ability to upload a document I would post their agreement for public review. Save yourself the headache and spend some time looking for some people with integrity and an honest intent to do a fair deal.

Thought I'd take look - apparently the average sale price in my postcode for the last 3 years was £0!!

I had the misfortune of using this company whilst attempting to sell my property and there are a few things people should know

1 - The "company" itself is based and registered in Singapore. If you leave a negative review they will contact Trust pilot and accuse you of slander and demand that the review be taken down.
2 - Once they have your personal data, you will start to receive unsolicited phone calls and emails from individuals claiming to be a private buyer wishing to make you a cash offer
3 - once the "buyer" makes you a cash offer, they will tell you they need to carry out a survey on the property, the "surveyor" is actually a third party they have marketed and sold your property to behind your back.
4 - They will not process any paperwork until a sale has been agreed to a third party, leaving you waiting for their "solicitors". However, they will tell you that all the paperwork has been processed and posted to you
5 - Once they have agreed a price with their buyer, the person claiming to be your "buyer" will put you in contact with their "investor" to finalise the deal, the the "investor" will tell you that due to prevailing market conditions, Brexit and blah blah blah they can't buy from you at the original price they offered, and they will drop the price, by another 10 or 20%. They hope that by this stage you'll be committed to buying a new property so you can't back out.

Stay well clear

Appalling, made a formal offer on house, instructed solicitors, they dragged out the process for 2 months then pulled out 2 days before exchange. Endless promises and end result my home was repossessed.
AVOID AT ALL COSTS

Just took my details and said there were no sales on my street in the last 3 years which is completely incorrect, no idea of value given

No info came up re. my property or others...... and there was no instant online offer!

Tried 3 times and returned 0 data , asked me to validate post code which I did 3 times, waste of time.

I had given correct details of my property yet was informed that no information was available for the selling price of properties in my area which is most odd because they are readily available on Right Move. Therefore I can only conclude this company is either a sham or incompetent

Yours, R Edwards

No property information provided despite my neighbour buying only a year ago, and a property currently on the market. If they cant find any reliable information on the street how can they offer a realistic valuation.

a lot of effort for no reward with no valuation

This is a typical on-line property cash buyer, and here's a live example of how it goes.
Before I approached a cash buyer, I valued my flat with 3 local Estate Agents who all agreed £350K. I then approached the cash buyer, who took a load of details and 24 hrs later sent me an ‘indicative offer’ of £295K (this is the bait). If you let them proceed with no obligations or contracts they then conduct a comparative market search and despatch one to two local agents of their choice to value the flat. By the way, these agents have to sign a gagging clause refraining them from discussing or dislosing any figures or valuations! But they do anyway and they agreed the same figure of £350K. In the meantime the cash buyer sends you a letter of ‘proof of funds’ to convince you that cash and funding is in their bank account and waiting. Then comes the phone call with the cash offer - at this time you are informed the call is recorded, no doubt due to the verbal abuse they receive after giving out these ridiculous offers. Anyway, the call starts of full of negatives and woe is the world etc, and the offer came is at £250K, yes £250,000!!! in my bank account within 2 weeks.
They obviously prey and on stupid and expected me to give away £100,000. Within the offer they also say that they would realistically sell the flat for £320K, and here they dangled another carrot - If they sold the flat above £320K, I’d get 60% of the amount over this figure. In reality they won’t sell the flat for a penny more to make sure I don’t get the 60% above.
Naturally I declined the offer, and those same agents who valued the flat on behalf of the cash buyer, snapped up a quick sale short term contract to market the flat at £320K and it was sold within one week!
Lets face it, the likes of these cash buyers are in this business because Estates Agents have become bone idle and lazy, by allowing the likes of RightMove and Zoopla to do all their footwork. Plus RightMove and Zoopla combined take up around 60% of an agents marketing budget. Properties are both physical and material, they are made of bricks and mortar, they have character and they have location. These cash buyers are simply clerks sitting at a computer totally distant and remote from your property who just cunjure up a figures from some digital analysis.
Best advice is the play these cash buyers, but don’t use them. Let them bring their agents in and they will snap up a deal for you. With a bit more patience £320K is better then £250K.

zero information online, just collecting data

This said no houses had ever been sold on my street (the street is 2 miles long)???

Well that was a useful exercise, showing no properties sold in this postcode over last three years. There have been three!

Put my details in today. Had 0 result for valuation of my property.
Received an email, wanting confirmation if my details,
When I clicked on their privacy policy it returned " Oops page not found"
Property Cash Buyers need to read & comply with EU data protection regulations
Tried to unsubscribe & remove my details, no means or avenue available to me.
Beware. You have no control over the personal details you divulge & they do not comply with laws to keep details secure!!