Looking to sell your property fast but not sure who to trust? Complete our contact form
Looking to sell your property fast but not sure who to trust? Complete our contact form
Critical Analysis:
When you’re selling your property, it’s of vital importance to know who you’re working with.
In here, you’ll find everything you need to know about Property Sale Now and whether you should trust them to sell your property quickly and whether they’ll give you an optimal price.
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Company
Established in
Not known
Members of NAPB
Yes
Members of TPO
Yes
Registered with ICO
No
Approved by CTSI
No
Will “Property Sale Now” pay all of your legal fees?
Yes (If using their solicitor)
Do they ask you to sign a contract?
No
Government verified transactions
None found
Cash offer
Average sale time
3 – 4 weeks
Fastest sale time
2 days
Availability
Not stated
Complaints procedure
No
Customer service
4.8 / 5
Google rating
5 / 5 (3 review)
Trustpilot rating
N / A
Reviews.co.uk rating
N / A
Feefo rating
4.9 / 5 (37 reviews)
4.7 / 5
(source: Companies House)
Property Sale Now is a quick property buying company that claims to be a cash buyer.
Their website states that their team has 54years’ experience and has bought 850 properties.
They say that they will pay your legal fees if you use their independent solicitor, so there are no fees involved in selling your home.
They will offer a cash advance on your property sale if you need this for your moving expenses, and will even offer to pay your removal fees under certain circumstances.
Property Sale Now claim to buy homes in any condition anywhere in the UK.
Whether all of that’s true, will be revealed in this review.
When working with them, they’ll buy the property from you at a price that satisfies both parties involved, and then sell it for a profit.
You’ll get a slightly below-market price but you’ll achieve a prompt and effortless sale with little bureaucracy.
Property Sale Now provides free cash offers, doesn’t seem to have estate agent or solicitors fees and guarantees the sale of any property in any condition.
They can give you a no-obligation quote in just 24 hours and purchase your property in as little as 7 days.
This type of sale is perfect for people in a rush, who don’t have time for unnecessary red tape.
Property Sale Now have excellent customer reviews on Feefo and Google. Although these are from a small number of reviews, they are generally five-star from very satisfied customers.
The Property Sale Now website promises ‘superb communication and transparency throughout. You can be assured that you will be taken care of and guided through the process along the way, making your sale quick, easy and stress free!’
They say that they are a ‘genuine cash buyer’ although they do not say whether they are buying with their own cash or using mortgages / third party investors to cover their purchase costs.
They provide interest-free cash advances and flexible timescales for your move.
However, their website is missing some essential information, such as their company details and their average offer percentage.
Property Sale Now appears to have no hidden charges and no legal fees.
It’s important to remember:
You won’t get the full market value of your property but you’ll sell it very fast.
In fact, this is by far the fastest way to sell. A typical estate agent will take 6-9 months whereas a fast home-selling company can do it in mere days.
You’re sacrificing a negotiable percentage of cash for an exponential increase in speed-of-sale and a major reduction of headaches and legal complications.
Yes, Property Sale Now is a member of NAPB.
The National Association of Property Buyers (NAPB) was specifically set up to protect homeowners looking to sell their houses for cash to a property buying company.
The NAPB continuously screens its members in order to see whether they’re maintaining the necessary business integrity, legality, professionalism and customer service.
It’s mandatory for all NAPB members to also register with The Property Ombudsman (TPO) and abide by the TPO ‘Code of Practice For Residential Buying Companies’.
However, being an NAPB member itself, is completely voluntary. Nobody forces these cash home buyers to become members, they do it of their own volition.
Yes, Property Sale Now is regulated by TPO and strictly follows their code of conduct.
The Property Ombudsman (TPO) defends the interests of the public by investigating and addressing complaints of maladministration or a violation of rights.
It has been providing consumers and property agents with an alternative dispute resolution service since 1990.
TPO has a specific category for fast home sale companies, such as Property Sale Now.
These companies have to adhere to a strict ‘Code of Practice for Residential Buying Companies’.
No, Property Sale Now do not appear to be registered with the ICO. However, since Property Sale Now is a trading name, it is possible that their parent company may be registered.
They are somewhat GDPR compliant.
From our independent investigation, we discovered that Property Sale Now has an extensive cookies policy published on their website, explaining how they collect, store and use your information. They also have a published privacy policy.
This also outlines your rights with regard to your personal data.
However, we did find that Property Sale Now installs certain marketing cookies that aren’t necessarily GDPR friendly and that certain data is collected automatically when you visit the site.
Such cookies may be used for marketing and re-targeting purposes, such as displaying relevant ads.
Users are urged to err on the side of caution when providing personal information, and always read any cookie agreements before clicking your consent.
It’s not certain whether Property Sale Now have their own cash on hand and they do not claim this on their website, although they do describe themselves as a genuine cash buyer.
Our team of investigators were unable to find their investment vehicles within Companies House, so we were unable to validate any government-verified transactions.
This could be simply due to the fact that they are using a different company name to track and register their other Companies House transactions.
That’s why we cannot state for certain whether or not Property Sale Now currently have cash on hand.
In general, we’ve discovered that very few fast home-buying companies actually have disposable cash on hand.
Most of them are unregulated small businesses or worse – individual opportunists pretending to be big organisations who deliberately mislead.
These companies don’t have their own cash but attempt to raise funds by low-balling their offer and getting finance off the back of the difference between their offer and the market value.
For this reason, it’s less risky to work with home buying companies that have government verified transactions.
We were unable to establish how long Property Sale Now have traded for.
We use the ‘over/under 5 years trading time’ as a metric to gauge whether a company is an established entity with a lot of experience under their belt or just a newly founded business that may have ulterior motives.
Not all newly formed companies are scams but it’s still important to check how long they have traded.
If they’ve traded for more than 5 years, then this is a minor but still a notable vote of confidence.
Property Sale Now does not state a typical offer on their website. However, their comparison table does use a figure of 85% on a £100k home, which is typically the upper range for cash property buyers for the best homes in specific circumstances.
They also claim to offer ‘the best prices’ and make ‘the best offers’, though they provide no evidence to support this claim. The only way to be sure of their offer is to request a price for your home.
Below you can see some of the perceived benefits of using Property Sale Now instead of a generic high-street or online estate agent.
Getting 70-80% of the market value for your property when working with a fast home selling company is fair.
We’ve discovered that with sub-par home buying companies you’ll often get between 60 – 65% and sometimes even less.
Of course this doesn’t mean that every home achieves that kind of valuation as it depends on a myriad of factors. Sometimes there are justifiable reasons why you may receive a lower offer.
Property Sale Now‘s average sale time is 2/3 weeks, but they claim to be able to buy your home in as little as five days.
Fast house sales within 7days are a bigger risk for the buyer, as they do not have time to complete the full range of surveys and searches required for due diligence. To cover the increased risk, you will normally be offered less for your home if you want to sell this fast.
You may get a better offer if you are prepared to wait a few weeks until the buyer is more certain about your property value.
According to the latest Statista research, the average number of days taken to sell property in UK from September 2018 to November 2020 is 65 days.
This includes selling properties via estate agents, actions, fast-sale companies and everything else under the sun.
Again, this graph represents every single method of selling a property, combined together.
And because of the vast number of fast home sale companies in the UK, this number is considerably lower than what it would’ve been if it only were estate agents and actions.
Remember when it comes to speed of sale, nothing beats a quick home buying company:
We didn’t find any charitable initiatives which Property Sale Now supports.
Nevertheless, some companies prefer to donate privately or anonymously rather than stating it publicly.
Supporting a charity is by no means proof that the home buying company in question is necessarily ‘good’.
In fact, dodgy home buying companies might purposefully support and/or pretend to support a charity just to win brownie points and credibility in the eyes of the customer.
All that being said, it’s still important to acknowledge when a company cash home buyer genuinely supports a charitable cause.
We didn’t find anything that raises suspicion during our thorough research of Property Sale Now. That said, Property Sale Now is clearly a trading style and we were unable to identify the parent company and so cannot verify certain information.
Our investigators sifted through all of the data and legal records that we were able to find for Property Sale Now and everything was clean.
However, we’ll redact this at the first glimpse of dodgy practices.
We never stop researching and our unbending commitment to excellence doesn’t waver.
This page is only valid up until the ‘Last Updated’ date of this review, which can be found at the top of this page.
As far as we are aware, Property Sale Now haven’t received any additional awards or prizes.
They haven’t won any competitions either.
There’s nothing more we could add.
To assess the overall user experience (UX) of PropertySaleNow.co.uk we first analysed their website for ease of use and intuitiveness.
You can get a free initial quote by searching using your postcode, by emailing them at hello@propertysalenow.co.uk, or by calling their landline telephone number 01245 955 070.
The website does not state opening hours for enquiries.
We calculated their First Response Time (FTR) by messaging them at approximately 4 PM on a non-holiday weekday (on a Friday to be exact) and used a stopwatch to estimate how long it took them to respond.
Property Sale Now responded in 1 minute and 46 seconds.
Which is much faster than the industry average. And a fast FTR is something we consider highly important, especially in this sector.
A faster response time suggests that the home-selling company is better equipped to deal with customer queries.
And if they’re better equipped to deal with customer queries, then it means they’re investing their resources where it matters the most.
It’s rare to see a customer-centric cash home buyer and the more we research Property Sale Now, the more they appear to be such.
We also asked if they offer some sort of ‘Client Satisfaction Guarantee’, and if yes, what would that guarantee consist of.
They currently don’t offer a Client Satisfaction Guarantee but they’re happy to help resolve any issues and problems, within reason, as soon as possible.
Also, they did go out of their way and offered additional help and advice which warrants acknowledgement.
In this turbulent market, a fast home buying company should preferably have a formal complaints procedure on their website, where clients can express any disagreements, issues or just plain dissatisfaction with the overall service.
By having such a complaints procedure in place, the home buying company shows that they are willing to listen and if possible, rectify any problems that may arise.
Property Sale Now do not appear to have a complaints procedure listed on their website, and there is very little reference to complaints in their Ts&Cs.
However, since they are a member of the The Property Ombudsman, you can always submit a complaint through them.
Every TPO member agrees to The Property Ombudsman Code Of Practice which allows customers to file complaints against TPO members, if needed.
A legitimate quick home buying company that does what it promises shouldn’t have a problem letting you speak to their past customers.
Of course they need to have the permission of the individual involved and provide some kind of proof that it is a genuine past client of theirs.
We strongly encourage all our readers to ask to speak to a past client.
In this section, we’ll discuss what the public thinks of Property Sale Now and what online reviews the company has received.
Keep in mind that online reviews can be easily faked.
It works both ways.
The company in charge might hire fake review writers to write positive reviews.
Or on the other hand, their competitors might hire fake review writers to write negative reviews and tarnish the said company’s reputation.
Also, social media followers can be artificially inflated.
That’s why we deem this section as purely anecdotal.
Nonetheless, we use trained researchers with a sceptical eye to go through Property Sale Now’s social media presence and online reviews.
There are a number of glowing customer reviews on their website, including some customer videos. However, it is not possible to verify if these are genuine, or whether the company have cherry picked the best reviews.
Independent reviews are much more reliable, and Property Sale Now appears to have some excellent feedback:
Property Sale Now is an established property buyer with what appears to be an excellent reputation with its customers. They have 50 years experience in property buying and will buy anywhere in the UK.
They appear to take pride in their customer service and will arrange a sale on a timescale to suit you.
They promise an open and transparent service, with no fees and the ‘best offers’. They can buy your property in mere days and will help with a cash advance and even contribute to your removals costs.
Property Sale Now are members of the NAPB and TPO.
We will be continuously updating this review as we do with all of our other content. If Property Sale Now decide to alter, amend or modify something, then we’ll make sure to adjust our critique and score accordingly.
We want to help out as many people as possible. That’s why we created this comprehensive, in-depth Property Sale Now review.
If you are looking to sell your property extremely fast, message us through the live chat or send us an email.
Depending on your preference and circumstances, we’ll connect you for free with one of our strictly vetted, ethical partners.
It might very well be Property Sale Now or another more befitting company for your needs.
They will help you sell your property as fast as possible for the best offer you can realistically achieve.
They will take care of all of the legal processes and fees and you’ll get the cash straight into your account in as little as 7 to 28 days, depending on your circumstances and preference.
Property Sale Now is just one of the many fast home-buying companies in the UK.
In order to make sure you choose the right one, it’s best if you compare them all.
Look at their strengths & weaknesses, their pros & cons and make an informed decision.
It’s essential to know you’re in safe hands, that’s why we’re here to help.
Use our company comparison table to find a reliable and trustworthy service, and decide whether expediting the sale of your property is the right thing for you.
This review is being constantly screened by our investigator team and will be corrected in line with the emergence of new evidence.
If a company contacts us with a genuine and verifiable piece of information which supports their cause, then we’ll immediately redact the review and point to that information.
On the other hand, if we discover that a company which we’ve previously praised for a certain industry trait, starts to dabble in dodgy practices, we’ll also redact the review immediately.
We’ll point to our new findings and will adjust the table metrics and scores accordingly.
For this reason, make sure to take notice of the ‘last updated’ date at the top of this page.
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