We Buy Any House Reviews 2023 & How to Avoid Scams
Are you considering using We Buy Any House because you want a quick sale and get the best price possible for your home but want to verify their reviews?
We reveal top tactics to get the best price for your house and ultimately to ensure your house sale completes when and how you want.
- Learn the negotiation tricks to get the best price for your house
- We cover what should you check in We Buy Any House reviews and how to validate if they are legitimate
- Find out how much do they knock off the original asking price
We Buy Any House Reviews
Webuyanyhouse.co.uk reviews & overview (2023)
We Buy Any House purchases properties across the UK; it is owned by property professionals with good reviews.
As their name suggests, they buy any home, in any condition. They are cash buyers that offer a reliable cash-buying service.
Let's delve deeper and look closely at We Buy Any House and its services.
How their quick sale process works:
- Step 1: Enquire via their website using their contact form or by calling them for a callback.
- Step 2: They will provide a cash offer within 24 hours.
- Step 3: If you wish to continue, a surveyor will carry out a 3rd party valuation of your property. After this step, they will provide a final formal cash offer. They can complete the sale in as little as 7 days if you accept.
How much below the market value do We Buy Any House pay for a property?
According to their website, We Buy Any House offers up to 90% of the market value of a property.
Cash home buyers make money by offering below market value for a property. This allows them to turn a profit by either selling the property or renting it out to generate income.
The good news is that We Buy Any House reviews suggest that they may entertain haggling and negotiation.
For example, a review from Julie Fear on the 28th of April 2022 said the following:
I can honestly say this is the best experience I have ever had selling a property.
Yes it comes at a price but the professionalism the appointments the negotiations were all 2nd to none. The communication was excellent from start to finish. From the offer to completion and exchange all went through exactly 11 weeks I am confident that this would never happened under a normal estate agent.
Thank you once again to all the team.
The We Buy Any House Factsheet
*Data updated and correct as of 21/02/2023
Fact Check
- Number of employees?
- What is their aim to buy time-frame?
- How many sales have they agreed?
- Number TrustPilot reviews?
- Number of Google reviews?
- When were they incorporated?
- What are their Opening times?
- Which Locations do they buy in?
- Is a house inspection needed?
- What is Good Move's website?
We Buy Any House
- 11-50 employees
- 3-28 days
- Hundreds
- 303 TrustPilot reviews
- No Google reviews
- Established in 2010
- 08:45 - 21:30 - Every day
- England, Wales and Scotland
- It is not required
- https://webuyanyhouse.co.uk/
We Buy Any House (External Reviews)
We Buy Any House is reviewed on several websites – we have highlighted some below.
| Trustpilot Reviews | Google Reviews | Facebook Reviews |
|---|---|---|
| 303 reviews | No reviews | 7 reviews |
| 4.3 score | 3.3 score | |
| 38 reviews are 3 stars or below |
*Reviews are updated and correct as of 21/02/2023
Broadly speaking, We Buy Any House has positive reviews from its customers with the majority being on TrustPilot. Their customers often describe them as being professional and highly knowledgeable. They value the excellent advice that they receive, and many are impressed by the straightforward sales process.
For example, a review from Gary Budworth on the 21st of September 2022 said the following:
It was a positive experience contacting them. The lady on the phone was very curious and clear in her explanation of the process and gave me some good advice and guidance in progressing the sale of my property. They were very professional in there approach and are not out to get you to sign with them.
That being said, it's important to note that not all customers were satisfied with the service they received from We Buy Any House. Some reported that certain staff members were impolite. Furthermore, there was an occasion when We Buy Any Home offered a customers initial offer was reduced further after he had signed.
An example of this comes from a review from Dave on the 8th of February 2022 said the following:
Please don't use this company. Absolute sharks. They get you through the door and give you a valuation, as soon as you sign on the dotted line the value will decrease (probably more than once) but you're locked in with them. The only reason you go to them rather than a traditional estate agent is because you are looking for a quick sale so they know you have no choice but to go with them. Please find another route as you will be left counting the cost while they line their pockets.
- Dave
What are the Pros and Cons of Using We Buy Any House?
If you're interested in selling your home with We Buy Any House, we've listed some of the pros & cons of choosing them:
Positives of We Buy Any House:
- They were established in 2010.
- They can purchase within 7 Days.
- They pay for the valuation fees and legal fees and take no commission.
- Their online valuation uses Rightmove Plus, Land Registry house sales, and valuations completed by local and independent estate agents.
Negatives of We Buy Any House:
- We Buy Any House is not the National Association of Property Buyers (NAPB) or the Property Ombudsman.
- In some cases, they have offered a lower market value for a property, only 70%.
- They are not registered with other independent review sites like Feefo.
Our Top 7 Tips on How to Get the Best Sale Price from We Buy Any House Companies
1. Our best trick: Get offers from multiple companies and use them as leverage to ask for a better offer
If the original cash offer is not what you were hoping for, but you prefer to use that property company, get more offers from other firms and use those to negotiate, you can even ask and compare other benefits like cash advances. Some sell house fast companies may even give a 'guaranteed cash offer'. These are always worth keeping track of.
2. Imply interest elsewhere
Even if this property is ‘the one’, there’s no harm in implying that there’s another property you’re interested in. Estate agents routinely use the ‘there’s lots of interest in this house’ trick to get you to make or up an offer. Telling them you’ve got options is a cheeky way to stop this tactic in its track.
3. Get valuations from other sources, so you know where you stand
The easiest way is to talk to a couple of local estate agents and ask them a simple question: "If you were to put my house up for sale right now, giving it 4-8 weeks, what price would you be the most confident in achieving that's as close to the asking price as possible?"
The question above encourages agents to give you a more considered estimate of open market value (as opposed to the deliberate overvaluation used to impress and win new clients).
Online property companies such as Zoopla and Right Move make it easy to see what similar properties in any area have sold for and those on the market today. The Land Registry website is also reliable for searching average house prices in any area.
4. Negotiate the details
A quick house sale company won't mind some haggling. Don't forget to negotiate terms and benefits other than the selling price.
Things like any reductions to the offer due to essential renovations, cash advances, the exact completion time, solicitors, and even who and when the keys will be handled by!
5. Demonstrate your sellers' appeal
You may be chain free, or maybe your house has just been redecorated, or perhaps there is development in your area. If so, be sure to make this information known to the agent, as some vendors might be more open to accepting a house offer lower than the asking price for a hassle-free transaction.
This is a valuable bargaining tool if similar properties in the area have sold for less.
6. Shop around - Research other firms' pros/cons
Not all companies that buy houses are the same. Make sure you look at what different ones can offer.
7. Take your time. Don’t commit too early in the process
Don’t sign on the dotted line until you have a final offer in writing. Don’t rush or be pressured into a decision. Furthermore, a genuine cash-buying company does not need you to sign any documentation upfront. They will conduct the surveys first and then present you with an offer. If accepted, solicitors will be instructed. The only documents you should be signing are the official solicitors' paperwork. This way, you are protected as solicitors are regulated by the solicitors regulation authority (SRA).
We Buy any Home Companies - Overall Verdict
We Buy Any Home are national property buyers who appear to be reliable cash house buyers. They can complete a sale quickly and will buy any house in any condition. Most of their reviews are positive, and the customers suggest they usually offer up to 80% of the market value for your property.
The We Buy Any House Factsheet - (Free Download)
You can now access all the key information about We Buy Any House in the Factsheet infographic we have created below.
Simply click on the image or the link that appears after the factsheet, and it will automatically download it to your device!
FAQ: Frequently Asked Questions about We Buy Any House Firms
They are not. Companies that buy houses for cash are NOT regulated by any government bodies.
Reputable companies register with NAPB and follow the TPO’s Code of Practice. https://napb.co.uk/code-of-practice/
House-buying companies, on average, pay around 85% of the market value for a property. However, please note that they make offers below market value because of the convenience a homeowner receives from a cash sale and for the clean up and renovation costs they have assume before selling or renting the property.
In addition, many legitimate house-buying companies cover all fees related to the sale, which are often forgotten during the sale of a house. This makes it more lucrative than selling with a local estate agent, as they will charge additional fees and commission!
House buying companies can be genuine and reliable, and they appeal to a broad group of house sellers.
There will be homeowners who need a quick sale because their home may be on the verge of repossession. Another reason is that they are struggling financially and need a fast sale to get cash to put their finances back in order.
Quick house-buying companies are one of the few ways they can get a guaranteed sale (depending on the chosen company) and quickly complete the sale of their house.
Currently, most firms will try to sell the property. After a sale goes through with a customer, it then falls to the home-buying company to finance the refurbishment of the property. Often, the property is in a poor state, so clean-up and upgrades can cost a lot.
Once the refurbishment is complete, the company will either:
- Sell the house to property investors. (A standard property buyer or a property cash buyer)
- Sell it on the open market.
- Convert the house into a rental property.
It's possible to sell your house via a quick sale firm even if your home is already on the market, but you must ensure that you have not signed a sole agency agreement.
A homeowner must read all fine print as they could incur fees for cancelling a sole agreement, and the time in which they're allowed to cancel can vary.
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