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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 Quick Property Buyer 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
2020
Members of NAPB
Yes
Members of TPO
Yes
Registered with ICO
No
Approved by CTSI
No
Will “Quick Property Buyer” pay all of your legal fees?
Yes, if you use their solicitors
Do they ask you to sign a contract?
Yes
Government verified transactions
No
Cash offer
Average sale time
3-4 weeks
Fastest sale time
7 days
Availability
Not listed
Complaints procedure
Yes
Customer service
4 / 5
Google rating
5 / 5 (1 review)
Trustpilot rating
4 / 5 (3 reviews)
Reviews.co.uk rating
N / A
Feefo rating
N / A
4 / 5
(source: Companies House)
Quick Property Buyer is a cash house buyer that is 100% fee free and claims to beat any cash offer and sell your property fast.
They will buy and house or flat in as little as seven days and cover your legal fees if you use their solicitors.
Quick Property Buyer state that they use their own cash and are happy to send your solicitor proof of funds to show this. This is an important element of a quick property sale as you will not have to wait for mortgage applications or investor approval.
However, they do ask you to sign an agreement, which is valid for four months, and which could include costs of up to £950 if you pull out early for any reason.
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.
Quick Property Buyer 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.
They claim to have second to none service means that they are able to streamline the process to make it as fast and stress free as possible
Quick Property Buyer appears to have no legal fees and claim to beat all other cash offers for your property.
However, they also state that they are able to ‘pay up to 80% of the valuation if the property is in ‘grade A’ condition, of standard construction and is located in an area with average or above market condition’.
Their terms and conditions state that ‘Our Agreement will remain in force for a period of 4 months from the date of the Agreement signed by you. Should the Agreement be terminated within the 4 month period then we will be at liberty to register a Unilateral Notice against the property at HM Land Registry to restrict the sale of the property within the period in which the Agreement is in force to protect our interest.’
They also state that ‘If the Agreement is terminated within the Agreement term by the seller then we will be entitled to be reimbursed for all costs and expenses incurred by us to a maximum of £950.00 which will be chargeable at our discretion.’
Sellers should be wary of signing such contracts or agreements as they can tie you in for a long period and limit your options.
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, Quick Property Buyer 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, Quick Property Buyer is a member of TPO and 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 Quick Property Buyer.
These companies have to adhere to a strict ‘Code of Practice for Residential Buying Companies
No, Quick Property Buyer are not registered with the ICO.
The Information Commissioner’s Office (ICO) is the UK’s independent regulatory body set up to uphold information rights.
The ICO also governs all forms of data collection and advertising intelligence.
By being registered with the ICO, Quick Property Buyer has to protect its customers’ data at all times.
The ICO also has a Free Online Checker where you can verify whether a company is registered with them or not.
Quick Property Buyer is somewhat GDPR compliant.
From our independent investigation, we discovered that Quick Property Buyer has both a published privacy policy on their website as well as a cookie policy.
However, we did find that Quick Property Buyer installs certain marketing cookies that aren’t necessarily GDPR friendly, and that these cookies may be being installed without the consent of the visitor.
Such cookies are 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 Quick Property Buyer have cash on hand, although their website does claim that ‘unlike some companies, we buy the properties with our own cash. There is no delaying the process to try and raise the funds or passing you on to other companies.’
Our team of investigators searched their parent company, Acutity Invest Ltd at Companies House, but we were unable to identify their investment vehicles.
There were no government-verified transactions for the company, however, 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.
Nevertheless, in light of these findings, we cannot say for certain whether Quick Property Buyer have or don’t have cash on hand which they use to buy properties.
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.
No, Quick Property Buyer’s parent company was only registered in 2020.
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. And it needs to be acknowledged.
Quick Property Buyer provides a confusing picture of their typical offer for a quick cash sale of a property.
On the one hand they state that they will pay up to 80% of the valuation if the property is in ‘grade A’ condition, of standard construction and is located in an area with average or above market condition’.
This is less than many similar house buyers claim to offer.
However, they also claim to beat any other cash offer for your property.
The only way to be sure of their offer is to request a price for your home.
It is worth noting that 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.
Below you can see some of the perceived benefits of using Quick Property Buyer 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.
In this context, at up to 80%, Quick Property Buyer gives reasonable offers in the context of fast home selling companies.
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.
Quick House Buyer say that they can buy your house on average in 2-3 weeks. They can also buy your house much quicker if needed, although you will get a lower price.
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:
Quick Property Buyer did offer a scholarship on their website in 2021, although it is not clear if this programme is still ongoing. The scholarship provided help towards education costs for one student of $750.
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 Quick Property Buyer, although sellers should note our comments about the agreement used by this company and the potential for charges if this is broken.
Our investigators sifted through all of the data and legal records of Quick Property Buyer 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 review 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, Quick Property Buyer 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 quickpropertybuyer.co.uk we first analysed their website for ease of use and intuitiveness.
They make it very easy to get a free quote/cash offer for your property within 24 hours or less. There is a click button on most pages that takes you to a detailed contact form.
You can contact the company using a freephone number, via the online contact form or via email at info@quickprtopertybuyer.co.uk
We calculated their First Response Time (FTR) by messaging them at approximately 4 PM on a non-holiday weekday (on a Thursday to be exact) and used a stopwatch to estimate how long it took them to respond.
Quick Property Buyer responded in 52 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 Quick Property Buyer, 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.
Quick Property Buyer do detail their complaints procedure as part of their Terms & Conditions.
You can also submit a complaint through The Property Ombudsman as Quick Property Buyer are a TPO member.
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 Quick Property Buyer 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 Quick Property Buyer’s social media presence and online reviews.
We didn’t find anything suspicious with Quick Property Buyer’s social media, TV and online presence, nor with their customer reviews.
We also didn’t find anything suspicious with their domain rating and backlink profile nor their unique monthly search traffic.
Quick Property Buyer offers a fee-free service, a fast sale and claim to beat all other cash offers.
They have been buying properties for 20years and are experts in the property market.
They buy properties themselves and claim to do this with their own funds.
Quick Property Buyer are members of the NAPB and TPO, offering customers complete peace of mind.
However, Quick Property Buyer don’t fully conform with all GDPR regulations and their service involves the signing of a binding agreement which restricts your options for up to four months and could leave you liable for some of their costs if you pull out.
They do have a complaints procedure both internal and external via the Property Ombudsman.
We will be continuously updating this review as we do with all of our other content. If Quick Property Buyer 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 Quick Property Buyer 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 Quick Property Buyer 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.
Quick Property Buyer 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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