Seller be­ware of quick sale deals

Yorkshire Post - Property - - PROPERTY -

SELL­ERS who turn to quick-sale com­pa­nies are be­ing warned to be­ware.

Some quick sale com­pa­nies prom­ise any­thing up to 90 per cent of the value of a prop­erty, but a RICS spokesman says: “This is based on their in­ter­pre­ta­tion of the mar­ket, mean­ing in re­al­ity the of­fer will nor­mally be much less than what an in­de­pen­dent val­uer might give.

“This can po­ten­tially lead to the home­owner los­ing tens of thou­sands of pounds.

“There is cur­rently no reg­u­la­tion cov­er­ing quick sale com­pa­nies ei­ther, mean­ing home­own­ers need to be aware of the few rogue firms and in­di­vid­u­als oper­at­ing.”

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