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Property prices are at their lowest rate since 1996 causing concern about negative equity fears. The latest slide shows a drop of 2.5% in March 2008 and this is the largest monthly drop since 1992. April 2008 showed a house price fall of 1.3%. The difficulty of selling a home is tougher now than it has been for a long time. There are alternative solutions for a quick house sale. There are companies which can be found on the Internet who are quick house buyers. They offer a complete professional service and allow you a quick house sale with a completion date that suits you. These companies can buy your property quickly but what they offer may not be suitable for your particular circumstances. There are a multitude of reasons why you may need a quick house sale, such as re-locating your family due to a new job, the need to release some equity in your property. Possibly, since there is currently quite a bit of an economic hardship throughout the UK that repossession is the situation. Other reasons such as divorce can have a devastating effect on the family and could force the need of a quick house sale. It may just be property related, up sizing or downsizing. To try and achieve around 95% of the market value of your house it is always best to try and sell your property on the open market, the most common route. But if you have not been successful in selling your house on the open market and have exhausted the estate agents effort then an alternative may be with these quick house sale companies who are cash buyers. There is no requirement for the HIPS report with these cash buying companies. So to be considered for a quick house sale one must be willing to sell the property for a price which is below the market value of the house. Initially these companies will value your property using “hometrack” valuation which is an automated valuation and risk assessment system used by the majority of the big mortgage lenders. This is then followed by “mouseprice” which is the land registry for all properties sold. The quick house sale company will negotiate with you a preliminary offer and they will value your house using one of their fully qualified RICS Chartered surveyors which will provide them a genuine value of your house. When a price has been agreed between yourself and the quick house sale company you do not have to leave your premises. You do indeed have the option to remain there. Once your house is sold to the company an option available to you is the “Sell and Rent Back” option. This Sell and Rent Back solution is an option worth considering for people who have financial issues and is a way to prevent repossession without going through the problems of arranging a loan or additional financial commitments from money lenders. Sell and Rent back provides the homeowner a way to sell the property quickly, thereby releasing equity in the home and still being able to live in the house. The advantages of selling a property this way includes, no HIPS are required in order to sell the house, there are no fees to the estate agent and no valuation or survey charges. The legal bills are paid up to £600, There is a sell and rent back option and most importantly a quick house sale.
Article Source: http://www.rightarticle.com
For more information about a quick house sale, visit our website at www.vsproperties.co.uk for a no obligation quotation for a quick sale or call us on freephone 0800 137 322.
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