We were told that, if we dropped our price by 40k, the Property Buying Company would likely be able to get us a cash buyer within 2 weeks, who may not even want a survey on the house.
This appealed to us because we're expecting a baby and our house sale (at £365k) had just fallen through as a result of the buyers' buyer pulling out.
We only had 2 viewings in the 28 days we were under contract with this company. One was not a cash buyer.
Neither made an offer.
This company didn't seem to do any more than a normal estate agent - which was to take photos and put the house on Rightmove.
They were difficult with us when we arranged a second viewing with a buyer who we had had to show round, accusing us of trying to go behind their backs. They were also difficult when we asked them to remove the house from the market after the 28 days were up.
And now, everyone has seen our house listed for £329,950, so we feel this has made it very difficult for us to sell to a normal buyer in a chain for closer to what the house is actually worth.
I would recommend avoiding them.
Reply from agent
Hi Fay,
Yes we agreed to try and sell your property through our alternative route.
The preference indicated was cash buyers only, but after discussing the situation with Simon it was also agreed that chain free buyers would be accepted.
As you mention, we did only have the two viewers - three actually, but one decided to cancel as they couldn't find the property. One viewer liked the property but was still looking around, the other viewed the house then arranged another viewing with yourselves directly, and we asked this to go through us - which isn't being difficult, it just allows us to keep track of interest.
And we do more than a normal estate agent. As well as a fact there's no fees, we also send your property to our investors but again there was no interest.
We also didn't feel we where difficult at all around removal of the property from the market, you asked us too and we did within 24 hours. If you felt like this however, we can only apologise.
As for the listing price, you indicated to us that you could only accept cash buyers or those not in a chain? Has that now changed?
Either way, thank you for your custom and at least giving us a chance - it happens, we tried but couldn't sell your property and we're sorry about that, but at least it didn't cost you anything.
We wish you all the best in the future.
Team TPBC