Open Property Group has conducted a survey of their database to uncover the most common misconceptions surrounding Professional Cash House Buying companies.
Jason Harris-Cohen, Managing Director of Open Property Group, stressed the need for transparency within the sector, stating, “We were keen to get an insight into how our customers previously perceived the industry before we successfully bought their properties. We’ve built our reputation on credibility, transparency and providing the right solution for our customers, but now it’s time to dispel these common myths.”
Myth 1: “The speed of sale is too good to be true”
Cash house buyers like Open Property Group can facilitate fast transactions for several reasons. By removing estate agents from the process, there are fewer intermediaries, speeding up the sale. Open Property Group also avoids lengthy marketing and viewings, providing nearly immediate offers and beginning the conveyancing process straight away.
Myth 2: “Cash house buying companies lack credibility”
Reputable firms are made up of experienced professionals in property purchasing, management, and finance. Open Property Group is a member of The National Association of Property Buyers (NAPB), which works alongside The Property Ombudsman to maintain high industry standards and a Code of Practice.
Myth 3: “Sellers are pressured into accepting offers”
Open Property Group provides no-obligation offers, allowing sellers the freedom to decide. They can take their time, accept immediately, or decline the offer without any pressure.
Myth 4: “Only properties in excellent condition are considered”
Unlike traditional estate agents, Open Property Group buys properties in any condition. Whether a property has been damaged by fire, flooded, or requires extensive repairs, Open Property Group buys homes ‘as seen,’ including those affected by subsidence, damp, or Japanese Knotweed.
Myth 5: “Cash house buyers only serve sellers in desperate situations”
Cash house buying companies such as Open Property Group assist in a wide range of circumstances:
- A landlord wishing to sell without disturbing tenants can sell with the tenants in place. Open Property Group will take over the tenancy, ensuring a seamless transition for the tenants.
- In probate cases where a quick sale is needed to settle debts or taxes, a cash sale allows executors or administrators to avoid covering costs from their own finances.
- When a home mover’s property chain collapses, Open Property Group can step in with a guaranteed offer, helping to preserve the seller’s onward purchase and maintain the property chain.
To explore these myths in more detail, visit https://www.openpropertygroup.com/why-choose-us/cash-house-buyer-myths/
