So what do the people who buy houses for cash pay?
It first of all depends on the company but generally most companies look at the following variables before making a decision:
- Market for the geographic location
- Type of property
- Condition of property
- Speed of sale
If your house is in a buoyant area and the type of property you have is sort-after, in excellent condition and you are in no rush to sell then you should hold out and try and get 100% of Market Value or more if possible.
If however the market is bad and/or your property isn't in a modernised condition and you are in a rush to sell, then be prepared for offers of around 75% and 95% of the current market value by private investors or property companies.
You should however hold out for as much as possible.
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