Open Property Group, a leading professional cash house buying company, has recently conducted a survey within their customer database to uncover common myths and misconceptions regarding cash house buyers. The findings highlight several concerns and misunderstandings, which the company is now addressing with a commitment to transparency.
Jason Harris-Cohen, Managing Director of Open Property Group, shared the company’s mission to debunk these myths: “We wanted to understand how customers viewed the industry before we purchased their properties. Our reputation is built on trust, transparency, and offering tailored solutions. Now, it’s time to clarify these misconceptions.”
Myth 1: “The speed of the property sale seems too good to be true”
A common belief is that the speed at which cash buyers complete sales might be unrealistic. However, Open Property Group explains that their swift transactions are possible because they eliminate middlemen, such as estate agents, from the process. This streamlining allows for faster decisions, immediate offers, and a start to conveyancing as soon as a deal is agreed upon. Additionally, by avoiding the time-consuming marketing and multiple viewings associated with traditional sales, the company can speed up the entire process.
Myth 2: “Cash house buying companies lack credibility”
Concerns about credibility are often raised when dealing with cash house buyers. Open Property Group, however, is a highly reputable company that adheres to strict industry standards. Open Property Group is a respected member of The National Association of Property Buyers (NAPB), collaborating with The Property Ombudsman to uphold high industry standards and ethical practices. Their membership signifies professionalism and transparency in all dealings, allowing clients to have confidence in the process.
Myth 3: “There’s pressure to accept an offer”
Another misconception is that cash house buying companies force sellers into accepting offers. Open Property Group guarantees that all offers are made without any obligation. Sellers are encouraged to take their time to consider the proposal, and they have the freedom to accept, decline, or delay their decision without feeling pressured. The company prioritises customer comfort, ensuring every seller makes a decision on their own terms.
Myth 4: “Only properties in good condition receive offers”
Unlike traditional estate agents who prefer homes in pristine condition, Open Property Group is open to purchasing properties in any state. Whether the property has been damaged by fire, flooded, or has significant structural issues, the company is willing to buy it as-is. They even accept homes with challenging issues such as subsidence, damp, or infestations like Japanese Knotweed. This makes Open Property Group an ideal solution for sellers looking to avoid costly repairs or renovations before a sale.
Myth 5: “Cash house buyers only serve desperate sellers”
It is often thought that cash house buyers only assist sellers in distress. However, Open Property Group supports a wide range of clients, many of whom are not in desperate situations.
For example, landlords who wish to sell properties without disturbing tenants can benefit from selling to Open Property Group, which allows them to sell with the tenants still in place. The company takes over tenancy responsibilities, ensuring a seamless transition and tenant continuity.
In cases where probate properties need to be sold quickly to settle debts or taxes, a cash sale offers executors and administrators an efficient way to resolve matters without the need for personal financial contributions.
Additionally, Open Property Group provides guaranteed offers to homeowners facing a collapsed property chain, ensuring the seller can move forward with their purchase and maintain the integrity of the property chain.
Open Property Group is dedicated to providing a transparent, stress-free property selling experience. By addressing these common misconceptions, they continue to build trust with sellers and offer solutions that cater to a variety of unique situations. Their commitment to buying properties of all types, without pressure and in any condition, sets them apart as a credible and reliable choice for anyone looking to sell their home quickly.
