An increasing number of clients are calling Quick Move Now because they have been let down by online Estate Agents. Hearing about their experiences is concerning and adds even more meaning to the fact that we are true cash buyers who do not need a mortgage and do not rely on third parties to purchase.
In October of this year, we offered one of our clients £70,000 for his property in South Wales. He had been on the market for nine months with a traditional Estate Agent without an offer and was keen to buy a property he had seen on the market nearer to his family. Before he approached us, he took the property off the market with the existing Agent and signed a contract with an Online Estate Agent. Unfortunately, when reading the small print of the contract, he realised that it prohibited him from selling to anyone other than a buyer the Agent found. He was 12 weeks into the 18 week contract and his hands were tied.
The plot thickened when he recounted that the company had suggested putting the property on the market at £60,000 in order to spark a bidding war and achieve offers of £75,000. The client told us “it all sounded so perfect but only now have I realised that it was too good to be true and I was misled. I have only had one viewing in the12 weeks and that viewer offered £57,000”. Such a low offer, especially since, on top of that, the Online Estate Agent charges double the fees of a traditional Estate Agent and charges for surveys and legal costs, would have meant that the client could not afford his onward move. As a result, he was forced to reject the offer and now has to wait until the contract expires so that he has control again; the contract takes him well into the New Year, by which time the market could have fallen again and the property he wants may not be available.
In reality, the benefits, timescales and price the Online Estate Agent had promised were not achievable and their contract meant that the vendor was trapped for 18 weeks, unable to sell and without control over his own property and future. Some clients have even reported that they were signed up to 6 month contracts! In such a tough and unpredictable market, finding a buyer is difficult and so the few buyers who are in a position to proceed are able to negotiate heavily. Consequently, it is highly unlikely that buyers who are in a position to buy will be willing to pay over and above the price stipulated and advertised by the Online Agent. The process wastes homeowners’ time and money and leaves them without a say.
Quick Move Now are unique in the market place, providing genuine cash offers, allowing vendors to set the timescales and be involved in the sale process and taking on the stress and hassle of the tough, falling market. In addition, we cover survey costs and legal fees so the offer we make is the full sum received. There is also no cost or obligation to explore the service and obtain a firm offer. We pride ourselves on transparency so there are no hidden costs, no small print and no false hope.
If you would like to know move about Quick Move Now and the services we offer, please call us on 0800 068 3366 or visit Quick Move Now.