The day before the sale was due to complete and with the mortgage deadline looming large Mr & Mrs Shaw received another phone call from the company explaining that they would have to reduce their offer once more. This time they said that they had been speaking to an estate agent that was currently marketing a property across the street. The company said that due to the price of that property (a similar house in much worse condition than Mr & Mrs Shaw’s house) soon to be dropped that they could now only offer £196,000.
Mr & Mrs Shaw now under considerable pressure were faced with a difficult decision, unable at this late stage to start the process again with another company they pleaded with the company and managed to get the amount increased to £202,000. A £53,000 drop on what they had initially agreed.
The End Result
The sale finally completed for £202,000. To add insult to injury the company took a £1000 retention to be paid back if the property was left empty and in good condition, which it was but as of yet, almost 4 weeks after the completed sale, the £1000 has not been returned.
“My wife has been very distraught throughout the whole experience. We are in our late 60’s and the stress of this experience has been horrendous. I would not wish this situation on my worst enemy and I wouldn’t recommend anyone use this company. They are low life cretins who took advantage of our situation”
The Shaws made some fatal errors when selling their house to a company, the worst of these was choosing the wrong company in the first place. Which isn’t hard to do because the worst companies go out of their way to look like the best, truly wolves in sheep’s clothing.
In fact we have independently investigated over a hundred house buying companies and less than 7% of them passed our rigorous testing process to qualify as a genuine cash buying company so the chances are you will speak to one of the bad ones if you are not careful. That’s why we offer our buyer matching service where we only use vetted and approved house buying companies with a proven track record.
