The Fast House Sale Industry’s Evolution

Ruban Selvanayagam, Co-Founder of Property Solvers, on why most private house buying companies are not “scam artists”. Today, more firms than ever before are buying properties directly from homeowners. As these are largely cash purchases, sellers can exchange and complete in considerably shorter timeframes. Sidestepping the need for estate agents, legal fees are usually paid for and some operators also offer cash advances. Sounds too good to be true?  Let’s start with a bit of background… A Short History of the Fast House Sale Industry A private property sale industry of sorts has existed in the UK for millennia.  Historically, buyers and sellers would barter amongst themselves – using a legal professional to make sure everything was done properly.  Using an estate agent is, in fact, a relatively modern concept that’s grown over the last 50 years or so.  These days, it almost seems strange to sell a property any...
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