The pros of house buying companies vs auctions
No obligations offer
You can get an indicative offer from a cash house buying company quickly, often on the initial phone call and a formal offer in 24 hours. You are under no obligation to accept this offer so it is well worth inquiring, you could be surprised by the amount you could get compared to an auction.
They make you an offer and if it is acceptable you have a buyer – it’s as simple as that there is no nail biting wait while your property is at the mercy of the property equivalent of a cattle market.
If you get lucky and there is an auction in the near future and if your property actually sells when the hammer falls you might get a sale over the line in around 2 months. With a house buying company once you have accepted their offer you can sell your house in around 14 days, less in certain circumstances. There is no faster way to sell your property.
Unlike with auctions, where the selling costs can add up to thousands, there are no costs to pay with a house buying company, they will even cover your solicitor fees so you have absolutely nothing to pay out.