Fast Cash Homebuyer, SecureASale Blows the Whistle on Other So-called 'Homebuying' Services and Their Bad Practices

As the global economy becomes increasingly turbulent, households all over the UK are finding themselves sinking under growing financial strain. London cash homebuyer, SecureASale has this week uncovered the underhanded techniques some so-called homebuyers are using to exploit vulnerable and desperate sellers.

London, UK (PRWEB) October 26, 2008 -- Cash homebuying service, SecureASale spills the beans: almost every other homebuying service operating in the UK currently is just a front for mining personal data on sellers.

Tim Jackson, Director of London cash homebuyer SecureASale, tells of how the majority of so-called 'homebuyers' actually make their money:

"With very, very few exceptions, every homebuying website out there is just a data-harvesting operation set-up to profit from selling 'qualified leads' on to investors. These leads are then placed on property websites, and the supplier normally takes a fee of £100 per lead upfront and about 1% if the deal goes through."

Classically, these companies will present themselves, usually via a smart website, as a real cash buyer, but in fact the company operates only as a data collector, finding leads and then selling them on.

Many of the companies that operate in this manner claim that as long as there's a cash sale at a fair price for the client, there's no problem.

Jackson adds, "The problem with this approach is that it leaves the client with no guarantee of whom they're dealing with, no comeback should things go wrong and frankly it's unethical."

Research has uncovered that many of these data mining sites offer potential clients as little as 28% below the market value of their property without a proper valuation conducted by an expert.

Jackson adds, "We are one of the very few companies who actually have cash to spend on property and a proper bank facility we can draw upon. Anyone thinking of using a homebuyer should always try to go straight to the source- look for a company that has the assets to buy your property themselves and is prepared to come and look at it before making an offer."

For more information on SecureASale and its ethical cash homebuying policies, visit http://www.secureasale.co.uk

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