FAQ
Frequently asked questions
What is HOUSEBUY's Smart Sale service?
Smart Sale is a unique home-selling service by HOUSEBUY that combines the speed and certainty of a cash offer with the potential to benefit from a higher sale price through a traditional estate agent. This service aims to provide sellers with a quick sale while also allowing them to gain additional funds if the property sells for more than the initial cash offer.
How does the Smart Sale process work?
If you believe your property will sell for a higher price than our assessment, HOUSE will still proceed with the initial offer but will also market the property to try and achieve a higher sale price. This way, you get fast financial certainty from the initial offer and still have the potential to earn more.
How is the profit from the sale shared?
The typical profit share is in the vendor’s favour, usually around 60%. This means if the property sells for more than the initial assessment, the majority of the additional profit goes to the vendor.
What if I'm concerned about the choice of estate agent or the selling strategy?
HOUSEBUY provides full transparency in the selling process. We inform you about the chosen agent, the asking price, marketing strategy, and the terms of profit sharing. All decisions, including any price reductions, are communicated and agreed upon in writing.
What happens if the property doesn't sell for more than the initial assessment?
If the property sells for the assessed value or less, you still benefit from the initial quick cash offer. The Smart Sale service is designed to give you financial certainty and speed, regardless of the final sale price.
Are there any risks or fees if I change my mind after receiving the initial offer?
Our contract is flexible and fair. If we change our offer post-survey, or if you decide to walk away for any reason, there are no costs or penalties to you.
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Our aim is to simplify the process of selling your
home by making it quick, certain and transparent.