Selling a property to a house purchase company

kelfoan | 21:17 Fri 07th Jul 2006 | Home & Garden

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I have just put my house up for sale but as yet had no interest. I have seen adverts from companies who guarantee to buy any property. I am sceptical about approaching them for fear of being 'hassled and ripped off'. Whats the catch? If it was so easy wouldn't everyone sell there properties to such companies

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Ethel

The catch is they only offer you a per centage of the market value - sometimes only 70%.

These companies are fine in certain situations where you need to sell very quickly - facing repossession for example.

They have to make their money, and they do that by selling on at the proper value.

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