Quick Move Now First Contact
The first call with a Quick Move Now agent got straight down to business, the agent straight away said that they would need to get some more information and carry out some research and then come back to me with an offer. Then they went on to ask my reasons for selling and why I might be looking at the quick sale option, followed up by if the property had been valued recently.
The agent then explained how they work, advising that they look to buy properties at between 15 – 20% below market value and once purchased they look to sell them straight away through a local estate agent. This was all refreshingly honest, he then went on to say that they could purchase the property in 7 days up to around 2 months depending on my circumstances, 7 days is pushing it a little but we’ll come back to that later in the review.
Next I was asked a series of questions about the property, fairly basic stuff such as the type of property, if it was freehold, whether it had gas central heating, the parking situation and the condition. After taking a quick look, likely at recent sold prices in the area, the agent came back with an estimated value of the property in a range. It was quite a wide range with £25k between the low and high ends and then said my offer would be in the region of an amount which was another range of 80% of the lower and higher figure.
The agent then went on to say that if I didn’t want to consider such an offer straight away I could try to sell it through an estate agent first and then come back to them if the sale was taking too long or if a sale fell through they then went on to say that if the offer did work they would next have to get the property officially valued, using a local estate agent which they could get booked in if I wanted.
They then provided me with some “friendly advice” which was a warning against other companies as to their knowledge there are only around 4 genuine house buyers out there. They warned me about not signing a contract (this should be familiar to followers of the Guru) and said that I should check any companies turnover to see if they could actually buy property.
The call ended with me asking some questions and the agent saying that they would email over the details so I could ponder the offer. In total the call took less than 10 minutes.
Quick Move Now Sales Process
The Quick Move Now sales process is a straightforward one. You make an enquiry, there is an initial call where they give you an indicative offer. If that works for you they then book in a valuation and formalise their offer. If you are happy with that offer and you accept then the conveyancing begins. You don’t need to sign any contract until the time you are ready to exchange contracts which is when the sale becomes legally binding. Quick Move Now will even release 10% of the funds after the contracts have exchanged if you need the cash for removals etc. Although most of the time exchange and completion will happen on the same day when you will receive the full funds anyway.
Quick Move Now Valuation Process
Quick Move Now use a local estate agent who will come out to your home by appointment and provide them with a valuation report. They will no doubt carry out some further research on their own to come up with a final valuation figure. They will then make you an offer based on the figure that they decide upon. If you accept the offer they will then have a RICs survey carried out on the property, if that comes back clear then the offer shouldn’t change.
Further Reading: How do cash house buyers value your house
What Percentage Do Quick Move Now Offer
Quick Move Now offer around 80% of what they value the property at. They themselves say that they look to pay around 15 – 20% less than market value. This is inline with what a genuine cash offer should be from a company. They do mention 85% (i.e. 15% less) and this could be the case if you meet one of the stamp duty exemption criteria.
Further Reading: Find out more about how much cash house buyers can actually pay
Quick Move Now Communication
The agent that I spoke to was knowledgeable and transparent with what they were saying. It did feel as if they were going through the motions a bit as if they had done that call many times that day and they were talking quite fast.
They did email me with my estimated offer more or less straight away. The email outlines the indicative offer and also had an explanations of what would happen next if I decided to move ahead. It also reiterated what the agent had saif over the phone about things to look out for if you are shopping around with other homebuying companies and also a link to their customer reviews.
They did not hound me with follow up calls, I received a couple of what look to be automated emails asking if I was still interested in selling my property but they stopped after a couple of months.