Frequently Asked Questions
"An iBuyer is a company that uses technology to make an offer on a property instantly." - Google. The advantage for the customer is a fast, secure sale with no need to list the property, arrange viewings or pay estate agency fees.
Offerhive will present to you the information and details about your property from market-leading sources – we will ask you to review, edit and validate this information within the platform. Information such as: • Full address and postcode • Property type • Tenure – freehold/leasehold • Number of bedrooms • Number of bathrooms • Number of reception rooms • Features – e.g. garage, off-road parking, garden, conservatory
No, we will give you a free, no-obligation offer on your property.
You will receive an offer within 72 working hours.
• We gather data on your property and properties like yours Based on the details provided about your property and its condition, our powerful algorithms use data from market-leading sources to generate a Provisional Offer Range. Our data sources include Zoopla/Hometrack and Land Registry. • Detailed property review We look at more than just our powerful algorithm - we evaluate all the factors about your property. Our Property Buying Partners detailed review. Once it’s complete, we’ll send you their offer on your property.
Our Property Buying Partners will consider all properties; therefore, there are no types of properties that are ruled out of the Offerhive process up front. However, due to current market conditions, our Property Buying Partner will currently not offer on properties above £700,000
Yes, you can; however, if your property is currently on the market with another estate agent, you may be liable under an existing Estate Agency Agreement to pay the fees outlined, depending on the terms set out in the agreement.
Your offer from our Property Buying Partner will be valid for 14 days from the date the offer was provided.
The property inspection will be carried out by a local and professional surveyor.
It will typically take around 2 hours and can be scheduled around your availability. During the inspection, the surveyor will check the condition of your property and confirm that it matches the description provided to generate the offer on your property.
The time to process a sale is driven by the seller. However, the sales process can be completed in a minimum of 5 working days should that be required.
It is likely in most cases that the property will be resold; however, in some scenarios the Property Buying Partner may keep your property as a rental property.
Other property buying companies will initially offer high prices to customers to engage them, and then lower their offer once they have the seller engaged. We believe this is dishonest. Our Property Buying Partners will make you the highest offer they are able to make for your property from the very beginning, making this process a worry-free negotiation, as you know you will get the best price that the Property Buying Partner can make.
You agent will contact you once your offer is received, to walk you through the offer and discuss next steps. If you would like to proceed with the offer, the agent will be able to accept this within the Offerhive platform and the process will proceed.
You will receive all documentation via your assigned agent throughout the journey. Offerhive will also be in touch at certain checkpoints.
That is no problem, our Property Buying Partner will work with you and your agent to agree the date that best suits your situation.
Yes, you can use your own conveyancer. We will not dictate the conveyancer that you must use for the process.
Do not hesitate to contact us