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The Property Buying Company

A selection of reviews/testimonials by highest rating
(in some cases, not all reviews/testimonials will be displayed)
1.00 /5

The only thing this company excel at is the dubious art of conning those who are desperate to sell their house. They claim they are waiting for reports, and then three days before completion, they claim that the house is worth 10% less than they originally offered. There is no way our house could have been worth this much less than offered, as it is only seven years old and there in nothing structurally or aesthetically wrong with it. We accepted an offer of £102k on a house that was worth roughly £120k, purely because we didn't want to evict our tenants, and the company claimed they'd buy the house with the tenants in. Three days before completion they rang to say they'd only give us £93k for the house, which fortunately we weren't desperate enough to have to accept. They basically rely on people having got themselves into a situation where they have to accept ludicrously low offers as their business model. Smarmy, deceitful and underhand, I don't know how Jordan can sleep at night, knowing the company for which he works is out to trap poor, desperate people into losing huge amounts of money. As mentioned, we didn't need to sell, but there will be other out there who aren't in as fortunate a situation as us, who will have no choice other then to accept the derisory with which they are presented at the last minute. I had received numerous emails asking me to review the Property Buying Company before their devious scheme was unveiled, but none afterwards. I can in no way recommend the Property Buying Company and would advise anyone thinking of selling a property to steer well clear of them.

Reply from agent

Hello, We think we've located your review, I believe you dealt with us back in April-22. I've looked through the notes and spoken to those involved. As was explained to you at the time, our offer is always subject to a RICs valuation, which is completely independent. This valuation came back at £110k. That valuation meant we had to amend our original offer and presented you with a finalised offer of £93k, which you rejected. We're sorry that the initial valuation we provided over the phone was higher than the value that came back with the survey, we do always try get it as close as we possible can. That being said, we whole heartedly disagree with your comments around being "smarmy, deceitful and underhanded". We are always clear from the first conversation that we are quick house sale service, and we are unable to offer full market value for a property - but in return, we'll get you moving fast. We don't trap or force people into accepting offer, or even use pressure sell tactics, and in fact most of our customers just simply want a quick sale in order to move on faster. As you weren't happy with our offer, we did try offer you alternative solutions as well, which you declined. There are times when we make mistakes and have to hold our hands up, and in this situation we're sorry that you weren't happy with the service, but we don't feel like we could have done much differently. We wish you all the best in the future. TPBC

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4 Deighton Cl, Wetherby, LS22 7GZ, UK, LS22

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