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What is a cash house buyer?

Cash house buyers have all the funds needed in-house to buy your property directly. This means that you will be selling to a chain-free buyer who can complete on a date that works best for you.

You will not receive the full market value for your house when using a cash buyer. For example, the average Leicester house sold for £282,733 last year – but if you used Sold.co.uk, your offer would be slightly below this.

Sold.co.uk covers your legal fees and does not take a commission from the sale. This guarantees that 100% of the final sale price goes in your pocket – and often counterbalances the slightly-below-market offer that you receive.

You can ask your cash buyer for proof of funding, or voice any queries you may have, at any time – and if they are a reliable firm, they will give you everything you need.

You should also check their online reviews and their Companies House filing history to confirm that they are a legitimate organisation in Leicester.

Sell your home for cash today.

How does a cash buyer value my property in Leicester?

You will receive a fair, accurate valuation from Sold.co.uk that considers all the factors that impact your property’s value. This includes the house’s condition, whether there are tenants in situ, whereabouts in Leicester it is based, and several other details.

We have access to lots of excellent resources, including the Land Registry and Rightmove Plus. This gives us insight into your property so we can make a fair estimation of its value.

If necessary, we may then arrange to visit your house in-person before submitting our official offer.

Once you receive your valuation, it is entirely up to you whether you want to proceed. You can walk away at any point before the deal is completed – and you can take some time to ask other trustworthy cash buyers in Leicester for a quotation, too.

Why Sell with Sold?

  • Free Cash Offer
  • No Hidden Fees
  • Sell In Your Own Timeframe

What can I expect when working with a cash house buyer?

You will receive slightly less than the typical market value when working with a cash house buyer.

However, once you factor in the costs that Sold.co.uk saves you (e.g. legal fees, commission on the final sale, and more) the final amount that you pocket will often be very similar to an on-the-market deal.

Any trustworthy cash house buyer will show you proof of funding if you ask for it. Sold.co.uk is happy to do so whenever you wish. Furthermore, a few other ‘green flags’ that indicate a Leicester cash house buyer is legitimate includes:

  • Lots of online reviews
  • Registers members of the NAPB and TPO scheme
  • They have a phone number you can call to ask any questions
  • They have a professional-looking website
  • You can find information about the Directors of the company, to see if they are trustworthy or experienced

As a final note, please keep in mind that the valuation you receive from Sold.co.uk may change slightly once your property has been fully surveyed.

This is because it may highlight issues with the house that we weren’t previously aware of.

If you find a company in Leicester that offers the full price for your property in its valuation, then you should not trust them. 

FAQs for Cash House Buying in Leicester

How long does it take to sell a house in Leicester?

When you use a cash house buyer to sell your property in Leicester, the deal can be completed within 7 days. The funds will then be in your account 24 hours after exchange, and you can then use this money however you wish.

On the other hand, when you use a traditional estate agent, the average time it takes to sell a house in Leicester is 136 days. This figure will vary depending on the type of house – with detached houses taking roughly 126 days, semi-detached properties averaging 113 days, terraced houses coming in at 115 days, and flats taking approximately 229 days.

Can you trust a cash offer for a house?

You can trust a cash offer for your Leicester property, when it comes from Sold.co.uk. We have an outstanding reputation throughout the city and will guarantee a sale, for a reasonable price.

Should I use a cash house buyer to sell my home in Leicester?

When you want your Leicester property sale to be completed quickly, perhaps because you need funds immediately or simply want to sidestep the inefficient high street estate agents, a cash house buyer is the perfect solution. You can contact us to ask any questions about our service and get a clear sense of how we can benefit you.

How much do cash house buyers pay for houses in Leicester?

You will receive slightly below the typical market value for your property in Leicester. For example, the average house price in Braunstone is £258,763, so if you sold a ‘typical’ property in this area, you could expect to receive slightly below this figure.

Can cash buyers fall through in Leicester?

Sold.co.uk’s offer on your Leicester house will not fall through, because we already have all the funds needed to purchase your property up-front.

How long does it take to sell to a cash buyer in Leicester?

You can sell your Leicester property directly to Sold.co.uk within 7 days. Contact us today for a free valuation.

Is a cash buyer better for a house in Leicester?

If speed or low costs are a priority for you when selling your house in Leicester, then a cash house buyer is an excellent option. On the other hand, if your top priority is getting the maximum value for your house, then you may be better off using a high street agent.

What has happened to house prices in Leicester?

Over the past 12 months, property prices in Leicester have increased by £19,000 (7%) on average. However, with rising interest rates and ongoing high inflation, it is unclear whether this pattern will continue throughout 2024.

Where the most expensive and affordable areas in Leicester?

Benscliffe Road, Ulverscroft Land, Waring Close, Glebe Road and Stoughton Lane are amongst the most price roads in Leicester, whereas the more affordable areas to live are; Hamilton, Thurnby Lodge, Evington, Braunstone, Glenfield, New Parks and Beaumont Leys.

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