• Get an CASH offer with no obligation.
  • We can buy in just 7 days!
  • We'll even cover your legal fees.
  • There's absolutely no obligation or hidden costs.
View more

If somebody is willing to buy your property outright for cash, can you trust it?

We find out everything you need to know about cash house buyers, and what to look into!

It might be quite hard to believe that someone is willing to offer to buy your property outright, for cash, without the need for a mortgage. It happens though, and more than you might expect – there are even companies out there now that will offer to buy your home for cash, and we’re one of those!

The commonly used phrase is cash house buyers, but from a seller's perspective, how do you find out if they are legitimate and that you won’t get scammed or let down. We go through everything you need to know about cash buyers, and cash buying companies, and how you can determine their legitimacy in this article, which you can quickly navigate through using the table of contents below:

What To Watch For Hub

If you're looking to sell your property to a cash house buyer, there are a lot of options to choose from, so how do you know who you can trust? You might have seen some trust or accreditation logos on their website, and we go through who they likely are, and whether the industry is regulated for you below.

The Property Ombudsman
Who Are The Property Ombudsman?
If you’ve been looking at property sites, such as our own, you might see a dark blue logo with a white triangle and the words “The Property Ombudsman”, but what does that mean?
National Association Property Buyers
Who Are The National Association of Property Buyers?
We’ve put together this article that explains everything you need to know about The National Association of Property Buyers.
Cash House Buying Companies Regulation
Are Cash House Buying Companies Regulated? 
It may be hard to believe but cash house buying companies and the market as a whole aren’t actually regulated by law, however, the sector does have two regulating bodies, which cash house buying companies can be registered with, but the joining of these companies is voluntary.

What is a cash house buyer?

A cash house buyer is someone who can afford to buy a property without requiring any additional funding which would traditionally be in the form of a mortgage or loan.

To be considered a cash buyer the funds must be available to them immediately. People sometimes misunderstand this and consider themselves cash buyers because they are selling another property, but you shouldn’t be reliant on a property sale to make the purchase.

The main benefit of a cash buyer is that they can act quickly, cutting out the need for a mortgage in the process saves several weeks. They also aren’t in a chain so are less likely to fall through on a purchase and therefore are generally a more reliable, and sought after buyer, from the sellers point of view.

We'll buy your house in as little as 7 days - get a no obligation quote!

Get an Offer

Someone wants to buy my house for cash, is it legit?

You’ve listed your house for sale, let’s say for £200k. You’ve got a lot of interest but one of those parties states they are a cash buyer, at first it might be quite hard to get your head around the fact that someone would be able to just spend that amount of money outright and that might be immediately followed by the thought, is this a legitimate offer?

Well, we can assure you that property cash buyers are more common than you may actually think, and for the most part, there are investors or companies like ourselves. Keeping that in mind, there are definitely legitimate investors and companies out there that will buy your property for cash, with no issues – there are however those that are more unscrupulous.

How can you determine if a cash house buyer is legitimate?

There are two sides to this, as to determine whether an individual investor or a cash house buying company is legitimate is slightly different. Let’s take a look at each type of cash buyer separately and go through what you should be looking into.

Individual Cash Buyer

There are fewer checks that you can do for an individual than a company, so your main concern should be the proof of funds. This is hopefully something an estate agent will take care of, but before taking your property off the market or agreeing on a sale, you should see if the cash buyer can actually afford to buy the property outright.

In order to prove the funds, they should show a bank statement with the cash amount, but also statements over the past few years and months to provide evidence of how they have built that money up. Depending on the way the money has been obtained you may require further proof, such as if it’s through a will or selling shares, as you have to check that it hasn’t been acquired by criminal means.

This is so important as it could prevent wasting a significant amount of time if they are unable to fund the purchase, or have to obtain a mortgage.

Cash House Buying Company

If you are looking at selling your home to a cash house buying company, there are a lot of them out there, and we’ll go into more depth about what exactly these companies are and how to choose one soon.

In regards to the legitimacy of cash house buying companies, there are a few ways you can check. Just like with an independent investor, you want to ask if they have proof of funds and ensure they aren’t getting funding from elsewhere. The advantage of selling to a company however is that they can be a member of The Property Ombudsman & The National Association of Property Buyers, although not regulated, these are independent bodies that offer a free redress scheme and extra protection for the seller.

As well as that, you should look to see their reviews from previous customers, nothing is perfect when it comes to selling a house because there can be a lot of hurdles even as a cash buyer – but you want to ensure that generally, they are positive in particular from a customer service point of view.

What are cash house buying companies?

In a way, there is the evolution of your standard cash buying investor. They are companies that buy properties for cash, just as the name would suggest, but they tend to buy far more properties over a wider range of locations.

These cash buying companies often refer to themselves as “Sell House Fast Companies” or “We Buy Any House Companies”. Every company is different but they generally can move far quicker than your standard investor as they have priority relationships with solicitors and progression departments to speed through the process as quickly as possible.

In return for the speed, just like a normal cash buyer, they tend to offer you below market value for your property, which again varies in price depending on the company.

Sell your house fast, with no hassle, no stress and no fees!

Get an Offer

Who are the best cash house buying companies?

There are loads of different cash house buying companies out there, including us! How do you decide the best one? Well at the end of the day, it’s the company that offers you the most and are going to provide you with the quickest sale, and smoothest process. We feel the best accurate representation of this, other than getting a quote, is to look at the reviews of the company including their rating, and frequency.

We actually wrote a detailed post on the best quick house sale companies, including how to vet cash house buying companies and more research into the best options.

Are cash buyers regulated?

Technically speaking, no it’s not an industry that is regulated by any particular body.

Although there is no official body, there is an Ombudsman that is optional to be part of but you should always look to see if the company you are dealing with are. The main thing to look for when dealing with a cash house buying company is a blue The Property Ombudsman logo.

If a company is a member of The Property Ombudsman, it provides an independent resolution designed to achieve a full and final settlement of the dispute or any claim made against either party. It adds an extra layer of protection for both consumer and property agent – which isn’t there if you deal with an individual buyer.

Cash house buyers can also become members of The National Association of Property Buyers which is a group of companies that are committed to providing the highest possible standards in the sector, working closely with the Ombudsman.

Should I sell my house to a cash buyer, or we buy any home company?

That’s a question only you can answer. It really depends on your personal situation, mainly because, almost always a person who is buying in cash whether it be an investor or company is looking for a good deal on your property and will be offering you below what it’s worth.

On the flip side of the coin, you’re getting a very quick sale with little to no hassle, especially if you go down the route of choosing a company to sell to.

It all depends on your urgency of the sale, and how much your time is worth to you. If you do choose to explore your cash sale options, we can provide you with an offer on your property at completely no obligation, all it takes is a little bit of time on the phone to go through your property in more detail, so it’s worth a try, right?

Get a free no obligation quote in as little as 24 hours

Get an Offer

  • We're highly rated on platforms like Trustpilot.
  • We can buy your home in as little as one week!
  • We're members of The National Association of Property Buyers & The Property Ombudsman.
  • No stress. No hassle. No fees.
  • A dedicated point of contact that handles everything for you.
  • We'll even cover your solicitors costs!

Want to find out how much we can offer, in cash, for your property? Give us a call!

0800 024 8444
Sold

How much can you get from our we buy any house service?

Complete a few details to see if your property qualifies and get a cash offer – remember we buy any property, in any condition, in any location!

5 simple steps to having your property sold!

Our quick (but thorough) 5 step sale process means we can buy your house fast and at a great price

Cloud Sun Sun  
 
  • 01.

    Check to see if your property is eligible check now

  • 02.

    Receive an offer from us within 24 hours

  • 03.

    We’ll visit your property & formalise our offer

  • 04.

    We’ll instruct solicitors and pay all fees

  • 05.

    Exchange contracts & complete as usual

Rated as Excellent - aww thanks guys!

Independent reviews of our service from Trustpilot

Why choose us as your cash house buyers?

We’re one of the leading we buy any house UK companies for residential/commercial property and land in England and Wales. We buy using our own cash house buying facility meaning we can offer the best prices in our industry and complete the sale quicker than anyone else.

Your options Average sale length Typical cost to you
The Property Buying Company 2-3 weeks £0.00
Other House Buying Companies 2-10 weeks £1000
Property Auction 6-10 weeks £2500-£5000
Online Estate Agents 16-52 weeks £1000(upfront)-£5000
Estate Agents 16-52 weeks £5000

Unlike most of the other options available to you, we are not a broker or middle man, meaning you skip the fees and get a sale quickly and easily.

The Property Buying Company is registered with the Property Ombudsman and is a member of the National Association of Property Buyers

National Association of Property Buyers The Property Ombudsman
900+

Properties bought by us
for cash

£124,614,944

Of our own money spent buying
property for cash

2-3 weeks

Average time taken from initial offer
to completion