The National Association of Estate Agents has offered some tips for selling your home without the risk of using dodgy companies.
With the OFT launching its investigation into quick and discounted house sales, the National Association of Estate Agents (NAEA) has four key tips when trying to sell your property safely.
Explore all sale options – Don’t get pressurised into making a sale, no matter how desperate the circumstances. In many cases, quick-sale services incentivise sellers by covering all legal fees, but this is negated by the low cash price offered for the property itself. Speak to your local NAEA estate agent or NAVA auction house to find out about how they could assist with the sale of your property.
Remember your cancellation rights – If you have already signed up to a quick sell service, remember that you are still legally within your rights to back out under the ‘cooling off period’. Under the ‘Cancellation of Contracts made in a Consumer’s Home or Place of Work etc Regulations 2008′ you can cancel the contract within the first seven days. Don’t be pressured into making a decision.
Speak to Citizens Advice – Buying or selling a home is a long and complicated process and it is important to know how to make the right choices. If you’re worried about your finances and need help in understanding the implications of choosing to sell your house then you can contact your local Citizens Advice Bureau, or use their online portal with pages dedicated to selling your home: www.adviceguide.org.uk
Research market value – Quick sell services are known to offer prices at below the market value for properties, so if you are thinking of selling your home, make sure you receive a professional valuation from an NAEA member agent, and do your own research about property prices in your area.
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