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walfy

Member Since: 29 Aug 2007
Location: Frome
Posts: 2658

We buy your house

Wife wants to move house so we had it valued and put on the market. Nothin ghappened for a couple of weks so I thought I'd try we buy your house.
It turns out they are a bigger bunch of rats than we buy any car.
Phonecall went as follows

Them, We are the UK's biggest buyer of houses, we pay all fees and your money will be with you in 7 days
Me, happy days
Them, Have you had your house valued recently
Me, Yes, 2 valuations between £265-£270K
Them, OK, We are the UK's biggest buyer of houses, we pay all fees and your money will be with you in 7 days. We can offer you £120K
Me, Really
Them, Yes, we have our overheads and still need a small profit margin.
Me, Ok, many thanks, bye
Them, Are you sure> We can have the money to you in 7 days. Do you want to think about it.

So our house is still on the market 110 D250 SE HT
110 USW SOLD
RRE HSE Dynamic Gone, wife killed it
VOLVO XC60 R Dynamic with some toys

Polaris RZR 900XP SOLD

27th Mar 2018 9:43pm

custom90

Member Since: 21 Jan 2010
Location: South West, England.
Posts: 20300

Definitely rip offs.
Offered us £12k for a barely 2yr old 12k miles Navara that was £30,500 new...

⭐️⭐️God Bless the USA 🇬🇧🇺🇸 ⭐️⭐️

27th Mar 2018 9:47pm

AJC

Member Since: 30 Nov 2015
Location: Lancashire
Posts: 1359

true story about WBAC, friend of mine sold his car to them.

WBAC gave him £10k for it, they sent it to auction and it didn't meet reserve, went to another auction with no reserve and sold for £9200

£800 loss on the car plus what ever transport/admin fee's they had to pay

28th Mar 2018 5:53am

that man

Member Since: 17 Dec 2016
Location: Cheshire
Posts: 83

2012 Defender 90 Puma 2.2 HT Corris Grey

Had the house buyers sending letters saying " we are looking for houses in your post code valued at" just so happens that its the price you are asking... then as you said offer you f all con merchants. like you house still for sale but remember it will sell because "there's a bum for every seat. "

28th Mar 2018 6:59am

Badger110

Member Since: 06 Feb 2018
Location: South hams
Posts: 1039

2011 Defender 110 Puma 2.4 USW Buckingham Blue

These type of companies prey on those who want quick money, just as bad as payday loan companies.

However there is an awful lot of gulible people using them...

28th Mar 2018 6:49pm

leeds

Member Since: 28 Dec 2009
Location: West Yorkshire
Posts: 8580

To get an idea what house prices are actually achieving in your area look at nethouseprices.com

You will be able to compare your actual house with ones you believe are the same in your area.

Brendan

28th Mar 2018 7:35pm

Supacat

Member Since: 16 Oct 2012
Location: West Yorkshire
Posts: 11018

2013 Defender 110 Puma 2.2 XS DCPU Keswick Green

Best to use the source of the data:

http://landregistry.data.gov.uk/app/ppd/

29th Mar 2018 8:49am

walfy

Member Since: 29 Aug 2007
Location: Frome
Posts: 2658

that man wrote:
Had the house buyers sending letters saying " we are looking for houses in your post code valued at" just so happens that its the price you are asking... then as you said offer you f all con merchants. like you house still for sale but remember it will sell because "there's a bum for every seat. "

How bizarre, 24hrs after the phonecall. we had an 2 offers, 1 needed to sell and the other had just accepted an offer on thier house so a confirmed offer. Even managed our target price so well happy.
The house we'd found, offer in and accepted. Now the loooong wait for all the paperwork and searches now.
How long is that nowadays? It was 12 weeks when we purchased our current house 110 D250 SE HT
110 USW SOLD
RRE HSE Dynamic Gone, wife killed it
VOLVO XC60 R Dynamic with some toys

Polaris RZR 900XP SOLD

29th Mar 2018 9:17pm

J@mes

Member Since: 20 Apr 2012
Location: Bomber County
Posts: 36

Much the same as when you part ex your house with a developer. We looked at it and were told we could PX our current house and be in a new one within 2 weeks....but when the figures were presented, the PX figure was based on "What would be offered if it were to be a cash sale to go through within 2 weeks" - so essentially half of what the property was worth.

There was then a sliding scale based on how quickly you wanted to move.

30th Mar 2018 8:20am

Chawks

Member Since: 19 Feb 2017
Location: Dorset
Posts: 121

Does anyone actually sell their house on this basis? Ie for half it’s market value

Obviously I’d expect them to offer less than market value to turn a profit, fair enough, but half?!?

30th Mar 2018 5:14pm

jeffersj

Member Since: 23 Jan 2015
Location: Near Preston
Posts: 431

1996 Defender 90 300 Tdi HT Bronze Green

Walfy

Depends on how good your solicitor is, keep chasing them, the squeaking gate gets more oil as they say. Be prepared for fall throughs as anything can happen in the next few months. Goos luck! Jeff
Ex 1968 Series 2A
Ex 90 TD5
Ex D3
Ex D4

30th Mar 2018 5:51pm

Badger110

Member Since: 06 Feb 2018
Location: South hams
Posts: 1039

Chawks wrote:
Does anyone actually sell their house on this basis? Ie for half it’s market value Obviously I’d expect them to offer less than market value to turn a profit, fair enough, but half?!?

Depends on what you paid for it, our parents spent 37k buying their house in Twickenham in 1978, they sold it 6 years ago for £430k, mortgage all paid up.

If you half that @ £215k then it's still a large sum of money.

Think about houses that are left in a will to the kids...they may not want the house, easier to sell it fast for whatever they can get...

30th Mar 2018 6:45pm

Chawks

Member Since: 19 Feb 2017
Location: Dorset
Posts: 121

True didn’t really consider those circumstances. I was thinking of us that need to sell in order to get a bigger house with a mortgage. To be mortgage free one day will be a very happy one!

30th Mar 2018 7:04pm

that man

Member Since: 17 Dec 2016
Location: Cheshire
Posts: 83

H. i Time depends on solicitors schedule usually about six weeks to exchange and another 4 weeks to complete.
Hope all goes well for you. Its stressful but we get there in the end pal.

31st Mar 2018 7:25pm

mk1collector

Member Since: 17 Sep 2009
Location: West Yorkshire
Posts: 6769

Our current house took 4 weeks from offer to moving in, but all finances were in place and we weren't selling our old houses so it made it a lot quicker. Ray
My build thread
http://www.defender2.net/forum/topic17615.html

31st Mar 2018 7:37pm

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