Open Property Group recently conducted a survey to uncover the most common myths and misunderstandings regarding Professional Cash House Buying companies.
Jason Harris-Cohen, Managing Director of Open Property Group, highlighted the company’s focus on transparency, stating, “We were keen to get an insight into how our customers previously perceived the industry before we successfully bought their properties. We’ve built our reputation on credibility, transparency and providing the right solution for our customers, but now it’s time to dispel these common myths.”
Myth 1: “The speed of sale is too good to be true”
Cash house buyers like Open Property Group can deliver swift transactions by cutting out the need for estate agents, which reduces the number of intermediaries involved. The company also eliminates the lengthy marketing process and viewings, making near-instant offers and starting conveyancing almost immediately.
Myth 2: “Cash buyers aren’t credible”
Trustworthy firms consist of experienced professionals in property, management, and finance. Open Property Group is a member of The National Association of Property Buyers (NAPB), which partners with The Property Ombudsman to maintain a Code of Practice and high industry standards.
Myth 3: “There’s pressure to accept offers quickly”
At Open Property Group, offers come with no obligation. Sellers can take their time to consider, accept immediately, or reject the offer altogether—there is no pressure.
Myth 4: “Only perfect properties are eligible”
Unlike traditional estate agents, Open Property Group buys properties in any condition. Whether the property has been damaged by fire, water, or is in need of significant renovation, Open Property Group purchases homes ‘as seen,’ even those with issues like subsidence, damp, or Japanese Knotweed.
Myth 5: “Cash house buyers only cater to desperate sellers”
Cash house buyers, such as Open Property Group, provide solutions for a range of different situations:
- Landlords looking to sell without evicting tenants can sell properties with tenants in place, as Open Property Group will assume responsibility for the tenancy.
- Probate sales requiring a quick transaction to settle debts or taxes can benefit from a cash sale, helping executors avoid paying from their own funds.
- In the event of a broken property chain, Open Property Group can offer a guaranteed sale, allowing sellers to secure their onward purchase and keep the chain moving.
To explore these myths and more, visit https://www.openpropertygroup.com/why-choose-us/cash-house-buyer-myths/