Buying company Upstix has launched a so-called Instant Cash Offer portal, enabling landlords to receive an instant cash offer range for their property, with a pledge of potentially completing a sale in just seven days.

Conveyancing delays now mean that the time between accepting an offer and exchanging contracts can often take well over four months with the full sale process taking some seven months – complete with the risk of fall-throughs involved in such a time period. 

Upstix’s portal claims it wants to eliminate these hurdles, with AI technology used to analyse property valuation and neighbourhood data, providing sellers with an instant valuation and cash offer range after they submit a postcode and some basic property details.

After this initial valuation, a representative from Upstix arranges a property inspection and survey, leading to a final offer.

Recent research by Upstix revealed that many sellers face significant challenges when selling their homes, with 23% finding the process takes longer than expected, 18% needing to reduce the asking price, and 9% experiencing fall-throughs. 

Upstix chief operating officer Fred Jones says:“Upstix offers sellers up to 85% of the market value of their property, covering all costs and associated fees. If Upstix resells the property at a higher price later on, they pass the majority of the profit back to the original seller, ensuring a fair deal. This approach provides a quick and reliable alternative for those needing to sell their property without the typical delays and uncertainties.”