Open Property Group surveyed their database to find the most alarming myths and misconceptions towards Professional Cash House Buying companies.
Managing Director, Jason Harris-Cohen, said “We were keen to get an insight into how our customers previously perceived the industry before we successfully bought their properties. We’ve built our reputation on credibility, transparency and providing the right solution for our customers, but now it’s time to dispel these common myths”
Myth 1 – “The speed of property sale is too good to be true”
Response 1 – Cash house buyers deliver speedy offers, exchange dates and completions for a number of valid reasons. Firstly, a layer of admin is removed. There is no estate agent to chase up or delay issues. When you sell to a cash buyer, the transaction is between just two people – simple, straightforward.
Secondly, a professional cash buyer like Open Property Group will make an offer with speed. What’s removed are the protracted marketing, viewings and negotiation stages. Instead, we can make an almost immediate offer with no public viewings, so conveyancing can start instantly.
Myth 2 – “Cash House Buying companies aren’t credible”
Response 2 – Any reputable professional cash house buying company will comprise of a team of experienced property purchasing, management, surveyors and finance professionals
Accountability matters to us at Open Property Group. We are a member of The National Association of Property Buyers (NAPB) – a group of professionals committed to providing the highest possible standards in the property buying sector. As members, Open Property Group has worked closely with The Property Ombudsman to help form a Code of Practice and to create a set of guidelines that will raise industry standards.
Myth 3 – “There’s lots of pressure to accept an offer”
Response 3 – Open Property Group’s offers are always given on a ‘no obligation’ basis.
We are happy for sellers to contact us as part of their research phase or even if they’re just feeling curious about what their home could sell for away from the open market. Sellers are free to accept our offer and proceed with the sale, mull over our offer and contact us when the time is right, or reject our offer outright.
Myth 4 – “A property has to be in good condition to get an offer”
Response 4 – When you sell on the open market via an estate agent, there could be unwelcome pressure to present your property in the best possible light.
Cash house buyers such as Open Property Group have a different attitude to a property’s condition. We frequently buy ‘problem properties’ as we’re experienced in undertaking renovation, redecorating and refurbishment work.
We never ask our sellers to repair or tidy up. We buy ‘as seen’, even if your home has flooded, has fire damage, is unmodernised, needs complete redecoration, is dilapidated or needs a property clearance company. We will even make offers on homes that suffer from subsidence, damp, rot, Japanese Knotweed, asbestos and bamboo
Myth 5 – “You only sell to Cash House Buying company when you’re desperate”
Response 5 – We can help in the following scenarios:-
1. A landlord needs to sell their property but wants to avoid disrupting the tenant. Instead of starting the eviction process, they sell the property – with the tenants in place – to Open Property Group. We take over the tenancy for a seamless transition and reassuring continuity.
2. An estate needs to sell a probate property quickly so it can settle any debt and pay any taxes due. A quick cash sale prevents the executors/administrators from having to pay bills/fees out of their own money.
3. A home mover needs to rescue a collapsed chain when they suddenly lose their buyer. Open Property Group will step in with a guaranteed offer. This ensures the seller doesn’t lose their onward property and the chain stays intact.
Find out more and read the full myths and responses on: About Open Property Group Open Property Group are a professional house buying company who help people sell their properties quickly. They buy all types of properties, in any condition, throughout England and Wales. Homeowners benefit from selling their house fast, with a completion date fixed to the owners’ requirements. By selling directly, you pay no agent fees, and can plan ahead with certainty. We also pay your agreed legal costs too.
