A quick house sale for your property

The price of a house is now at its lowest rate for over a decade and this is creating worry about having negative equity in your property. This year in March alone there was a drop of approximately 2.5% in house prices. Prior to that April showed a drop of 1.3% and concern over the house price market is become daily newspaper fodder. It is then obvious that there may be difficulties when one wants to sell a house in such a climate. There are other ways, aside from estate agents to sell a property.

By choosing a business who deal in buying your house from you and renting it back, you can be assured of a quick house sale. By choosing one of these businesses to buy your house you can specify the completion date and know you are getting an all-round professional service. This solution will really need to be considered and is not suitable for everybody.

When considering if you need a quick house sale you will have to take into account many personal criteria. Is it really necessary, are there alternatives? A financial advisor will be a good place to start. However, there may be other circumstances which force the need for a quick house sale and these can include new jobs, marriage break ups or simply growing financial issues.

The most money will be made from your house by selling it on the open market, that way you can expect at least 95% of the house value. This is the most popular way of selling a house and uses estate agents to advertise your house for you. But in a tough market and one where you need the money from your property released quickly then a solution may be to approach one of these property buying companies who will pay for your house in cash, at a settlement date that you both agree and without the requirements such as HIPS reports. These businesses that can enable you to have a quick house sale are cash buyers.

If you want to sell to one of these quick house sale companies it is important to understand that the offer they give you will be under the actual market value of the house. To start with they will value your property using "hometrack" which is an automated valuation and risk assessment program also used by the big mortgage companies. This valuation is often followed up "mouseprice" which is linked to the land registry of houses sold in the UK. When they have all the relevant data they will set out for you a proposal to buy your property through a preliminary offer. They do this from the valuations mentioned and also a the use of a fully qualified RICS chartered surveyor, this gives them a true value of your home.

The preliminary offer will be received by you and you are then at a stage to negotiate with the quick home sales business for a cash purchase. With these companies, you can opt to remain in your property sp you do not have to move out. So what in essence you are doing, is getting a quick house sale on your property and renting it back from the company who has bought your home. This way one can prevent repossession, and release equity in the property to solve any personal financial issues.

There are advantages to a quick house sale using this method, such as no HIPS, all legal bills are paid up to £600 and more importantly there is a sell and rent back option so you can stay in your home.

Article Source: http://www.109b.com/artdash

If you would like to find out more about having a quick house sale, visit our website at www.vsproperties.co.uk and we will provide you a no obligation quote for a quick home sale, alternatively call us on 0800 137 322.

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