How can people buy a house in 7 days?
Three things slow down the normal house buying process. One is getting a mortgage. You can get an agreement in principle in advance, but you can only get a proper mortgage offer on a specific property, once your offer has been accepted. This needs a valuation, which might take a while to organise, and depending on your circumstances it can take a while for the offer to come through. The second thing is all the searches etc. These are done to ensure that there are going to be no hidden surprises once you have committed to buying. Some issues could potentially make the house unsellable, making it almost worthless. So clearly these are not risks you want to take, and nor does your mortgage lender. These searches can take some weeks to complete. Thirdly, most house purchases are in chains. So everyone has to wait for everyone else to sort their mortgages and do their searches. If one link has a problem everyone else has to wait. These buy quick schemes avoid all these problems. Firstly the
