Good Move Reviews

Good Move Reviews

What is Good Move?

Good Move is a cash buying company, meaning it offers homeowners a guaranteed offer and a quick sale for residential properties.

As one of the more established firms in the “fast house sale” industry, Goodmove operates under the company name Arn Capital Limited (the directors are David Ross Counsell, Adam Joel Gilman and Nima Nasserghasri).

What are Quick Sale Companies?

Property buying companies offer an alternative to the open market for home sales.

Instead of sellers going through the usual process with estate agents and auction houses, property buyers simply provide an almost immediate cash offer.

As well as a (much) higher average sale time, these companies offer convenience – they handle the legal side of the property transaction and prevent sellers from having to worry about a chain of buyers, marketing and other common hassles.

The quick house sale industry is popular among those who:

  • Have a house that would be difficult to sell on the open market
  • Want to avoid dealing with an estate agent and the usual sales process
  • Need to sell as fast as possible (even if it means a lower price)
  • Are willing to accept a below market value offer in return of a speedy sale (usually with no associated fees)

Good Move Contact Details

Good Move (home buying company and estate agent) can be contacted via their website and their phone line is open 24/7.

The firm’s address is Ground Floor, 4320 Park Approach, Thorpe Park, Leeds, West Yorkshire, LS15 8GB.

Note that the company shares its name with others operating the UK and its therefore worth searching “Goodmove Property” on Google to find the right company.

How to Sell Your House Quick Using Good Move

Selling a house fast with Good Move is designed to be as easy as possible. Just follow the steps below…

1. Make an Enquiry

Make an Enquiry to Good Move

To kickstart the process, you’ll need to contact Good Move by filling out the valuation form on its website. This will ask you for some basic information about your home.

2. Receive an Offer in Principle

Receive an Offer in Principle from Good Move

Within 24 hours, Good Move will send you an “offer in principle,” which gives you an idea of what to expect from the sale.

Howver, it’s subject to change after a more comprehensive valuation is carried out.

3. Receive a Formal Cash Offer

Receive a Formal Cash Offer from Good Move

If you accept the offer, Good Move will carry out a full property valuation. This involves an asset management company visiting your home and two local estate agents carrying out valuations. Good Move pays for these valuations.

The formal cash offer may differ from the initial offer, as the first house valuation is based on more limited information.

4. Complete the Process

Complete the Process (with Good Move)

If you accept the formal cash offer, the final step is a RICS survey and a separate contract to verify the condition of the property.

Assuming everything is fine, the property sale can go ahead and you can arrange a completion date with Good Move. Please note that if anything is noticed that affects the value, Good Move could amend the cash offer downwards.

Good Move says that it aims to buy properties in just ten days, although it can take longer in some cases.

On the completion day, you’ll receive the money from the property transaction directly to your bank account.

Do Good Move Pay Market Value?

Good Move says that it buys houses for 80% of their market value.

This might sound unfair, but it’s typical for property buyers. The tradeoff for an extra-fast house sale is accepting a price below market value.

However, selling through a company like Good Move means avoiding estate agent fees and other charges.

Good Move Reviews

Good Move has a 4.8 rating on Trustpilot, putting it in the “excellent” category.

Most customers reported receiving honest advice from the team and praised the excellent customer service.

However, there were a few negative reviews that reported being disappointed with the offer they received and being “played off” against other investors.

Good Move also has a 4.7 review on Google.

Good Move Reviews

Pros of Good Move

Good Move claims to be “the UK’s most regulated property buyer” (although this is highly questionable).

It’s a member of the National Association of Property Buyers (NAPB), The Property Ombudsman, The Royal Institution of Chartered Surveyors (RICS), and Trading Standards UK. Its estate agency branch is regulated by the National Association of Estate Agents (NAEA).

Furthermore, the firm is also registered at the Royal Institute of Chartered Surveyors.

When combined with the positive reviews outlined above and the company’s experience, a picture emerges of a reputable cash buying company.

Good Move also pays sellers’ legal fees as long as they use its solicitors (if you want to use your own solicitor, Good Move will give you £500 toward legal costs instead). There are also no hidden fees involved.

As with any property buying company, selling with a firm like Good Move gives you a quicker, hassle-free sale.

Cons of Good Move

As mentioned, selling with Good Move means you won’t receive the full market value for your home, so some sellers may prefer to explore other options first.

It may not be worth using a quick sale company in certain situations, such as when there’s a lot of demand in the property market for a house like yours.

Another potential issue is that it’s unclear whether Good Move uses its own cash funds to purchase properties. However, it does say that it purchases properties rather than acting as a broker and that it has £4.72 million available right now.

Below, we’ve summarised the pros and cons of using Good Move:

Pros of Good Move

  • Highly regulated
  • Good Move’s buying service covers solicitor fees
  • No estate agents or “middlemen”
  • No hidden fees
  • Experienced in the industry with in-house chartered surveyors

Cons of Good Move

  • Purchase prices are around 80% of the market value (i.e. they want a 20-25% discount on the value)
  • Some customers were disappointed with the service
  • The company have been known to reduce prices prior to exchange and completion
  • Advertise under other sell house fast company brands
  • Goodmove passes properties on to investors (who may not be in a cash buying position)
  • Most quick buying companies can (and usually do) access qualified chartered surveyors. This is arguably not a unique selling point
  • Lack of transparency over funds for purchasing properties

Alternatives to Good Move Property Buyers

Good Move isn’t the only house buying company you can choose. There are many other similar options in the property industry, such as Property Solvers, National Homebuyers and We Buy Any Home.

Alternatively, an auction – such as a modern method – exposes your house to a larger number of potential buyers.

A Good Move or Not?

Overall, Good Move is an experienced buy house company that’s highly regulated and has many positive reviews, meaning it can be a great choice for a quick property sale. However, if selling property as quickly as possible isn’t your top priority, you may want to consider alternative options.

If you’re interested in learning more about house auctions, check out Property Auction News for more information.