Important advice

How to avoid property buying scams

The only way to achieve a genuinely certain, fast sale is to deal with a company that has the funds to purchase your property directly.

The challenge for many sellers is that not all companies advertising as “cash buyers” operate in the same way. Some purchase properties directly, while others act as intermediaries who secure properties under contract and then look for an investor or end buyer.

Understanding this difference can help you avoid delays, uncertainty, or unnecessary costs.

How to identify a genuine cash buyer

Before agreeing to anything, ask the following:

Do you buy properties directly with your own funds?

Can you provide proof of funds if requested?

Will I be free to use my own solicitor?

Are there any lock-in or exclusivity agreements?

Will any restrictions or charges be placed on my property title?

Am I free to withdraw before exchange?

A genuine cash buyer will answer these questions clearly and transparently.

Why some sellers get caught out

Some companies may present attractive offers — purchasing your property for market value or just under, early in the process to secure a property under an agreement.

In some cases, sellers may be asked to enter an exclusivity or option agreement for a fixed period, during which the property is marketed to find a buyer rather than being purchased directly.

This can sometimes lead to delays, uncertainty, or changes to the original agreed terms.

Always ensure you fully understand how the company intends to proceed before signing any agreement.

How we work at Prime Property Buyers

We believe sellers should have complete clarity from day one.

  • We buy properties directly
  • We use our own funds
  • You can use your own solicitor
  • No lock-in or exclusivity agreements
  • No pressure or obligation
  • Clear, transparent process from start to finish

We are also members of recognised industry bodies and encourage all sellers to take independent legal advice before proceeding.

A Prime Property Buyers adviser talking a seller through the process

Genuine cash buyer vs property trader

The same questions, side by side — so you can spot the difference at a glance.

Question Genuine cash buyer Property trader
Buys with own fundsYesNo
Uses investor networkNoOften yes
Requires exclusivity agreementNoOften yes
Encourages independent solicitorYesSometimes
Can provide proof of fundsYesNot always
May change price laterNoPossible

Frequently asked questions

Can a cash buyer register a charge against my property?

A genuine cash buyer won’t register a charge against your property. Some companies use restrictions or charges to prevent you from selling elsewhere while they look for another buyer.

Should I use the buyer’s solicitor?

We recommend using your own independent solicitor. This ensures you receive legal advice that is solely in your best interests. A reputable cash buyer would never pressure you to use their solicitor.

What is an option agreement?

An option agreement gives a company the right to buy your property within a set period of time. Some companies use option agreements to secure properties while they search for another buyer. Always ask your solicitor to explain any option agreement before signing.

How do I know if a company is a genuine cash buyer?

Ask whether they buy directly with their own funds, can provide proof of funds, allow you to use your own solicitor, and whether any restrictions will be placed on your property. A genuine cash buyer will be transparent, answer your questions clearly, and won’t pressure you into making a decision.

Need advice about selling your property?

Whether you sell to us or not, we’re happy to explain how the quick-sale industry works and answer any questions.

  • No obligation
  • No pressure
  • Independent solicitor always recommended
  • Cash offer within minutes
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