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March 28, 2023
4 minute read
Using a cash house buyer company is a great way to sell your home quickly, but it isn’t for everyone. Most companies will offer around 80% of the market value for your home, occasionally rising to 85%. For most sellers, this is too big a price to pay to speed things up, but in some circumstances, where a quick sale is essential, it can be the perfect solution.
For example, you might want to sell your home quickly to avoid repossession. Chances are you will come out better off than you would from a repossession, with all its associated costs, and your credit score won’t suffer as much. Or you may want to sell your home quickly following a divorce, or a bereavement, so that you can divide the proceeds and move on. You may have even found your perfect next move and need to sell your home quickly before someone else snaps up your dream home. If the circumstances are right, using a cash house buyer can be a quick and easy way to sell your home.
Cash house buyers do just that; they buy your house for cash, fast. They operate by buying houses at below market price and selling them on at a higher price. The seller gets the benefit of a swift sale, often in a matter of days, and the buyer gets a bargain that they can hopefully make a profit on. The buyer is taking a risk, and will have costs of their own, which is why they will only offer around 80%. This is the standard industry rate, and you should be cautious of any company offering you more.
Aside from the chance to sell your house quickly, there are many other benefits to using a cash house buyer. For a start, you won’t have to pay an estate agent, which will save you 1%-1½% (plus VAT) of your sale price. On a typical £250,000 home this saves you £3,000-£4,500. You’ll also save the cost and effort of preparing your home to sell, including decorating and repairs. Cash house buyers will buy your house as it is, and you won’t have to keep it immaculate for endless viewings.
Cash house buyers are a good option if you have any problems with your property, such as subsidence or damp, or any complications such as a septic tank or a house full of Grandma’s furniture. Once again, a cash house buyer will buy any house in any condition, and as long as you’re honest about the issues from the start, the price they offer you will be the price they pay. This is in sharp contrast to a traditional sale, where the offer can drop significantly following your survey.
My Homebuyers will give you an estimated price straight away, and they will confirm that price within 24 hours. As long as your home is not significantly different to what you have described, this price will be fixed, with no renegotiation at the eleventh hour. If you are happy with the price and want to go ahead, you can sell it in as little as seven days and have the cash in your bank within a week of making your call.
One of the biggest benefits of selling your house quickly to a company like My Homebuyers is that the whole process is efficient and cost-effective. My Homebuyers have bought millions of pounds worth of homes, so they know how to action a sale quickly and easily. My Homebuyers, will also pay your legal fees, so with no estate agency fees and no refurbishment expenses either, you’ll have no selling costs whatsoever.
There are dozens of cash house buying companies to choose from, so make sure you pick one with a good reputation and a strong track record. My Homebuyers is registered with the National Association of Property Buyers. This is a voluntary organisation that sets standards, defines a code of conduct, and offers sellers support if there’s a dispute. They are also registered with Trading Standards and The Property Ombudsman, giving their customers further protection.
You should always avoid companies with generous headline offers. If a deal seems too good to be true, it probably is, and there will often be hidden fees or last-minute reductions that drop the sale price below 80%. You should also make sure that the company is a genuine buyer, and not simply brokering a sale behind the scenes. Ask for proof of funds to show that they’re in a position to buy your home themselves.
As we discussed at the start, a cash house buyer is not right for everyone, and you may be better off waiting for a traditional sale. However, if you need to sell your house quickly, then a reputable cash house buyer could provide a low-cost, low-hassle sale in as little as one week.
If you want to get an instant idea of what your cash offer might be, My Homebuyers have a quick and easy calculator to give you a steer.
Looking to sell your house quickly? My Homebuyers can buy it fast. A guaranteed cash sale, simple, certain and stress-free.
Click to get a cash offer or call 0800 4647717 and find out how much we can offer for your home in just 2 minutes.
March 25, 2025 
