Frequently Asked Questions
We’ve put together some answers to the questions we most commonly get asked when helping people sell their property. If you can’t find the answer you’re looking for please feel free to contact us anytime. Alternatively, if you’re looking for general property advice, you may find the answer to your question in our blog.
What is a cash buyer?
A cash buyer, or a property cash buyer, does not have to follow the long strenuous process that an estate agent or a person who needs a mortgage would have to. Cash buyers offer a much faster completion time than traditional methods of buying and selling property. Because they have the funds available, in cash, they can act immediately rather than having to wait to secure a mortgage, which can take several weeks. In return for a fast service with no costs, cash buyers will offer you slightly less than market value.
If you’re looking for a house buyer to complete in a matter of a week or so, or want the flexibility of saying when you want to have your property sell by, then a cash buyer is most definitely for you. Buying a house with cash means there are no chains, no hidden legal fees, and no surprise costs along the way.
Why should I use a cash buyer?
Cash buyers work very differently from the traditional ways of selling your house. Because they have the funds readily available to buy your property outright, they can bypass many of the time-consuming parts of selling a house, like securing a mortgage or waiting for the property chain to complete. This means that you can have your property sold in a timescale that suits you and your needs. Property cash buyers will typically offer slightly below market value for the properties they buy. Although this often puts people off enquiring with a cash buyer, when you put into account the savings you can make from not having to make alterations to your house, not having to pay fees and a percentage to an estate agent, and a total waive on any other fees such as legal fees, it often works out to be a comparable cost. The only difference being that you don’t need any money up front to complete your sale.
Cash buyers will buy any residential property in any condition, without any contracts or commitments to sell if you don’t want to. Our cash buyers offer you a free property valuation and a free independent survey on your home should you wish to sell to them. Using a cash buyer really means you can have your property problems solved in a matter of weeks.
Does my home have to be in good condition?
No. Our network makes offers on all residential properties no matter what condition they are in. It is important however that you describe the condition of your property as accurately as possible. This is so when you get your property valuation, it is as accurate as possible first time.
Are there any fees involved in the process?
Absolutely not. Our service and the service our property experts provide will never incur you any fees at any point of your house selling process. You should be wary of people who try to charge you any fees but present themselves as cash buyers. Not only are there no fees for our service, our experts will also cover all other fees including valuations and legal fees.
How quickly will I receive an offer?
Within hours of you filling in our form, we can have an expert contact you and make you an offer on your property. These offers will never cost you a penny and you will never be under any obligation to sell. If you go ahead with the expert after they make you an offer, they will instruct and independent RICS (Royal Institution of Chartered Surveyors) surveyor to assess your property for free. They will also provide you with a free copy of the results of the survey they carried out on your property. Once this survey has been done, and you are both aware of any issues with the property, you will then receive your final formal offer.
Are you associated with any regulatory bodies?
All of the property experts we use have been vetted by ourselves to ensure they are not lead re-sellers and that they operate in a fair manner. They are all members of The Property Ombudsman Scheme, meaning if something ever goes wrong, you have a regulatory body to go to. Our experts are also members, or also founding members, of the National Association of Property Buyers (NAPB). This is another association that has been made with keeping the market place fair in mind, and to promote good practice for people in need of a fast sale.
How long will it take to complete my house purchase?
This will vary depending on your situation and the property expert you need to best help you. However on average it will take between one and three weeks to go from your initial contact to UK PCB to the day of completion. This process can of course be faster or slower depending on your individual needs.
What types of property do UK PCB deal in?
No matter what type of property, or what condition it’s in, our experts can help you out. Whether it’s a detached house, mid terrace, semi-detached, bungalow or flat, UK PCB’s network can make you an instant, free, cash offer.
What if I’m about to have my home repossessed or I’m in arrears with my mortgage?
Don’t worry, because all of our property experts are accredited property cash buyers. This means they have the funds available to immediately buy your property. This can be vital when avoiding repossession, as having the funds to act right away rather than having to secure a mortgage can save several weeks.
What Happens When I Agree to Sell?
Once you agree to sell, all your hard work is done. You can then sit back and relax as your property expert takes care of everything. All you will need to do is answer some basic property questions and sign contracts! Everything else, from instructing solicitors to carrying out conveyancing will be taken care of for you.
Can’t find the answer you’re looking for? Please feel free to contact us any day, any time with any queries you might have.