Is The Property Buying Company Really Able To Give A Cash Offer Within 24 Hours?
Susan Jones will buy your house
The Property Buying Company offer a professional and reliable service for a quick cash sale. Owned and managed by leading property professionals, their team claim to have over 50 years’ combined experience in purchasing properties across England and Wales.
Updated and revised for November, 2024
The Property Buying Company claim to have purchased over 400 homes for cash in the last two years and spent a total of £47,873,000 on buying property for cash. On average, they claim to complete a sale within two to three weeks, and in some cases, this can be in as little as 24 hours. They pride themselves on their experience and knowledge of the fast property buying industry, and their team has up to date data from the Royal Institute of Chartered Surveyors (RICs) which allows them to provide the most accurate valuations in the market.
The Property Buying Company claim have their own multi-million-pound cash purchasing facilities which allow them to buy any property, in any location and in any condition.
The Premise
The Property Buying Company have carefully curated a simple five-step process for selling your property quickly and easily. Their process is quick yet thorough and ensures that they take care of every detail from start to finish. The five-step process is:
1. Check your properties eligibility using their online enquiry form. This will give you an instant answer on whether your property is approved for a cash buy from The Property Buying Company.
2. Within 24 hours of submitting the online form, one of The Property Buying Company team will do some further research into your home in order to provide you with a conditional offer.
3. If you are happy to proceed with this initial offer, they will arrange for a Regional Manager to visit your property for a full inspection. As long as all is in order, they will be able to formalise the offer. This is also an excellent stage to discuss any concerns you may have and ask any questions.
4. After accepting the formal offer, The Property Buying Company will instruct the solicitors and pay the relevant fees. Their team will assign an independent solicitor to act on your behalf, and this is paid for by them.
5. Once all the legal processes and paperwork is complete, their Completions Team will review the offer, and if everyone is satisfied, they will finalise the completion. The sale can either exchange and complete immediately or on a later date that works for you.
Contact Details
Address: Phoenix House, Roman Terrace, Leeds, LS8 2DU
Telephone: 0800 024 8444
Website: www.thepropertybuyingcompany.co.uk
Sales options and pricing
The Property Buying Company claim to offer one simple cash sale option. This involves them buying your property for cash, covering all costs and completing in a timescale that suits you. There are no fees for using their services, and they cover all additional costs including valuations and solicitor fees. The solicitor fees will only be covered if you use their recommended solicitor, if you choose to use your own solicitor instead, you will be liable to pay the fees.
As a result of buying properties quickly for cash, The Property Buying Company will not offer 100% of the market value of your home but will make an offer that is competitive in the market.
What are the positives of The Property Buying Company?
The Property Buying Company have their own funding available to purchase properties as a cash buyer without having to rely on finding external investors or a third party buyer. This gives them the opportunity to complete sales very quickly, and usually in three weeks or less.
They cover the costs of all solicitor’s fees, valuations and surveys, so you will always receive 100% of the offered amount in cash on completion. Their expert team have over 50 years of experience and can even help to arrange removals and to find rental properties.
The Property Buying Company have a score of four out of five stars on Trustpilot, with 84% of reviewers rating them as Excellent, and a score of 4.83 out of five on reviews.co.uk. Their previous satisfied customers have praised them on their high level of service, easy process and quick sales times.
What are the negatives of The Property Buying Company?
As a result of being able to purchase properties for cash in a short timescale, The Property Buying Company will always offer less than the market value for every property. 11% of their Trustpilot reviews are three stars or below, with some previous unsatisfied customers commenting that they lowered their offer at the last minute and were difficult to contact.
Summary
The Property Buying Company claim to be able to provide an initial cash offer within 24 hours of submitting their online form. This offer may be changed at a later date after a survey and valuation of the property is completed. As The Property Group will always offer less than the open market value for a house, they may not be the ideal solution for all homeowners. However, as they are able to complete sales quickly as a cash buyer, their services are perfect for those who need to move and sell within a short timescale.
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