Is it right for everyone?

As you can imagine using a cash buyer is not a solution to all property sale delays. If there are no time pressures involved or if you are holding out for the best possible price then cash buyers probably cannot help you. In this case I would still consider using an alternative method to using an estate agent, probably selling on line, if only to reduce the commission you would pay on a sale.

Discount for cash?

If you ever offered someone cash in exchange for a discount you'll know the catch selling to a cash buyer. In exchange for a quick sale cash buyers want to buy the property at a reduced price. Typically this can be anything from 75% to 95% of the estimated market value. Generally we'll offer 85% - 95% of the market value depending on the value of the house.

We would hesitate to buy from someone offering 75%. In our opinion it's just too much money to lose for the sake a quick sale. (If you really are desperate you could always trade a couple of cash buyers against each other to increase the price they'll offer you.)

Also remember some of the cost of selling cheaper can be recouped when estate agent fees, additional mortgage repayments and bank charges are taken into account.