31 Dec

Quick Property Sales

When it comes to selling anything, if you want to sell it fast, you need to either have a buyer in mind or you need to price it to sell. Often at lower than the market value for the item. Property is no different. If you want to sell your home quickly, i.e. to force a fast house sale, then you need to lower the price to make it competitive when compared to all the other houses on offer in your area. Unfortunately, even pricing your home significantly lower than the other houses in your town doesn’t guarantee a sale. Especially in the UK with the current state of the property market and economy on general. If you want to sell your home quickly in this economic climate, you need to look elsewhere. You need another option than selling via the usual channels. In short, you need to sell your home to a cash buyer.

Of course, cash buyers looking to buy your home outright with a view of moving in come around once in a blue moon, however, there are companies out there who will buy your property for cash with a few of selling it on or renting it to someone. These companies will more than likely offer you a price which is 15 - 20% lower than the average market rate but you will be able to sell your home in less than 10 days in most cases.

If you’ve tried pricing your property lower than the other properties in the area and still haven’t had any takers, the above might be a better option for you. House prices are only going to get lower as more and more people struggle to get mortgages and if you’re looking to sell quickly, for whatever reason, a cash purchase, all be it at 15% less, might not be such a bad thing.

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30 Nov

Renting Back Your Home After Selling

Most of the time, when you sell a property, you sell it with a view of purchasing a property elsewhere. This is how it has worked in the past, but these days, mainly due to the increasing pricing of property, people are opting to sell their homes and rent them back from the buyer. People are finding it more cost effective to rent their homes as opposed to continuing paying their high priced mortgages. Especially with finances the way they are in the UK at the moment.

Of course, selling your home and renting it back isn’t always an option. If you sell your property on the traditional property market via the traditional channels, the buyer of your home will in most cases want to move in, so you’ll need to either buy a new property or look for a rental elsewhere. However, if you were to sell to a company who offer a sell and rent back service as opposed to a private buyer, you can sell your home and not have to move out. You see, these companies buy up properties, often for cash, as an investment. It is more cost effective for them to keep you as tenants as opposed to trying to sell the property on for profit themselves or find new tenants. It’s a win win situation for you both.

The only downside when selling to a cash buyer or sell and rent back company is that you will get offered quite a bit less than the market rate for your property, but if you’re struggling to sell at the market rate, this might not be so bad. Especially if you’re going to rent it back anyway. In some cases, the money you end up paying as rent is lower than the mortgage payment you were making and you have a nice lump sum cash payment to boot!

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13 Nov

Options When It Comes To Property Sales

If you’re thinking about selling your home. It’s best you know about the various options available to you. I guess what it comes down to first of all is what you’re planning to do after you sell. If you’re planning to purchase another property, then you’re going to want to get the highest price possible for your property. However, if you want to sell, cash out and rent afterwards, there are other options available on the table. You then need to consider how quickly you want to sell. If you want to sell quickly, very quickly, there are options. If you can afford to wait for the perfect buyer, great, but the wait can be long.

If you’re planning on selling a property, wish to do so quickly and are going to move into a rental property afterwards, you might want to consider selling your home to a cash buyer who will offer you the option to rent your property back from them. There are numerous firms out there that offer this service and a deal on your property can be wrapped up using such companies within a matter of days. The only problem is you will not get as higher price as you would on the private market. But, if you’re looking to sell quickly, then this might not be so bad.

If you’re looking to purchase a new property and can afford to ride out the market, then do so. You will get a much better price than using a cash buyer obviously but you must be prepared for a long wait. Property isn’t moving so fast in the UK at the moment due to people being refused credit. This is only going to drive the property price even lower so that is something to keep in mind.