August 31, 2008
Don’t Let The Credit Crunch Stop Your House Move – Use Cash House Buyers For A Quick House Sale
If you’re unfortunate enough to have swapped jobs just before the Credit Crunch struck, you may well be suffering from the slow down in the housing market. You need to move closer to your new job, but you can’t find a buyer to complete the purchase of your existing Property, and until you do that you can’t buy your new house near to your new job.
If that is the scenario you find yourself in, you’ll be spending lots of extra cash in travelling expenses, and perhaps even throwing away dead money into renting a flat or even staying in hotels. On top of that you’ll have seen the value of your property fall over recent months by approximately 10%.
You may well have one or more interested potential purchasers for your Property, but they too can’t complete the purchase until they’ve sold their own Property, and the purchasers for that may well be in the same position as well. This is the classic Property Buying Chain, and at the end of the chain there’ll probably be a First Time Buyer.
In the new difficult circumstances of the Credit Crunch, First Time Buyers are having to find larger deposits, and this seems to be one of the major causes of ongoing static Property Buying Chains.
In order to break this chain, you need to find Cash House Buyers so you can make a Quick House Sale. Cash House Buyers are usually specialist companies who specialise in facilitating Fast House Sales. They operate very quickly, and can complete the purchase of your Property within as little as 7 days if everything goes to plan.
Cash House Buyers won’t pay you the full valuation price for your Property. Normally they pay around 80% of an independent valuation, however they pay you cash and quickly. This then puts you in the driving seat when you come to negotiate to buy your next Property, and you can use your strength as a cash Property buyer to push down the price of your next Property very substantially, because you offer the seller a real opportunity for a Quick House Sale.
On top of that, we are in a situation where Property prices are falling, and the Nationwide Building Society announced that Property Prices in the UK have fallen by approximately 10% this year.
This means that using Cash House Buyers can free you from the Property Buying Chain at a cost, but you can offset some, most or even all of that cost by taking advantage of your Negotiating Strength as Cash House Buyers, and by being patient in a market of dropping prices. Also, when you sell to Cash House Buyers, you don’t have any advertising or Estate Agents Fees to pay, and by making your move quickly, you could save thousands more on travel and hotel expenses or flat rental.
Filed under Home Equity by financial_strategy






































Leave a Comment
You must be logged in to post a comment.