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Quick House Sale

Need a quick house sale? We have the answers!

Quick house sale

The best quick house sale companies are those that offer more than just one cash offer to purchase your home, Sell House Fast Cash is one of these firms. We arrange multiple quick property sale quotations every day of the week! Complete the free online quote form and get a quick home sale today!

How quick can a house sale go through?

A quick house sale on the open property market takes around two months. But the average is nearer three. If that doesn’t sound anywhere near fast enough, you’re not alone. Quick house sale buyers specialise in processing property transactions without fuss — and sometimes within just seven working days. But there are so many to choose from these days. And they all offer different terms and benefits.

Thousands of people need a fast property sale in the UK right now. Why? Well, there are many different reasons. For some, it’s a matter of debt management. For others, it’s about freeing up funds for an immediate change of lifestyle or circumstances.

How can you be sure that the quick house sale company you choose can be trusted?

To help you make the right choice, we’ve put together some information, quick house sale tips and advice. If you need to sell a house fast in the UK, you’ve come to the right place. 

Cash buyers are waiting to buy your home

Quick house sale firms either buy homes directly or act as representatives for cash buyers around the world. These individuals and organisations have the money needed to complete house purchases meaning there’s no upward chain and no need for finance.

If you sell to a quick house sale company, you can bypass marketing, price negotiations and a lot of the communication that’s part and parcel of traditional home purchases. So, if you need cash in a hurry, you have somewhere to turn.

You have to ask yourself: what’s my house selling priority. Do I need cash fast? Or do I need to achieve the maximum possible sale price? If speed is your number one priority, a fast house buyer maybe your best option.

Why are so many people selling to quick house sale firms?

There has been a significant increase in the number of owners selling to these house-buying companies in recent years. That’s because speed and convenience are usually guaranteed. There are, in fact, lots of different advantages — and here are some of the most impressive.

  • Halt the repossession of a home (and the adverse effects on your credit file)
  • Pay off personal debts and liabilities for peace of mind
  • Downsize a home to free up cash in a hurry
  • Avoid the stress and uncertainty of the UK property market
  • Dispose of property you inherited without warning
  • Divide assets quickly and somewhat following the breakdown of a relationship
  • Relocate in a hurry for new employment
  • Start your retirement early with a quick cash lump sum

In some cases, people want to sell up without having to deal with estate agents, solicitors, buyers, surveyors and everyone else who are usually involved in a house sale.

Are there any drawbacks to selling a house in this way?

As beneficial as selling to a quick house sale company can be, it’s not for everyone. If your priority is anything but speed, you should sell your property more traditionally. But even if speed is of the essence, there are a few disadvantages you need to know.

  • Some buyers may drop their offer at the last minute — leaving you with very few(if any) options
  • Some companies include hidden charges for this service (but not all)
  • You might be asked to sign an initial agreement that ties you into selling your property to that company
  • Rogue house buying companies provide inflated initial valuations in a bid to get owners to commit

Bear in mind that not all house buying companies operate in an evil way. There are some highly respectable quick house sale companies in the UK today. You need to know how to find them.

I don’t trust ‘quick house sale’ companies. Am I protected from fraud?

The UK’s fast house sale sector is not tightly regulated allowing disreputable companies to push the boundaries of existing law to maximise returns. You need to know the company you’re dealing with has credentials with a professional body and a proven track record of excellent customer service.

The easiest thing you can do — before you agree to sell your home — is to check that the company is listed at Companies House or is a member of the National Association of Property Buyers (NAPB). If the house buyer isn’t listed, they may well have something to hide.

As part of the NAPB, a member organisation must abide by the rules and regulations as set out by The Property Ombudsman. If it doesn’t, it might be fined or taken to court. And if you’re not happy with the service you receive, you have a clear pathway to redress.

Tip: Check with the NAPB that the quick house sale company is listed. Don’t take the presence of an NAPB logo as a definite sign of membership.

Why choose a quick house sale company over a more traditional house selling route?

If you have time on your side, it’s usually best to sell a house that’s in a good state of repair on the open market. Only if you need to sell your property fast should you consider selling to a property buying organisation.

Depending on your circumstances, a quick house sale company might be a better selling avenue than either the open market or a property auction.

People sell to national home buyers for many reasons, but here are a few of the most common:

  • Stop a repossession before it ruins a person’s credit rating
  • Early retirement
  • Clear debts and free up cash every month
  • Sell an inherited property
  • A speedy, smooth division of assets after a relationship breaks down
  • Children need a helping hand on the property ladder
  • Relocation for a new job at short notice

Every case is different, and this list certainly isn’t exhaustive. But they all have one thing in common — the need for speed. While you may not have the cash in the bank for your next financial move, you may well have it tied up in property equity. Selling to a house buying company is a way to access this cash quickly and with the minimum of fuss.

Remember: a lot of homeowners receive the proceeds of their quick house sale within seven to 10 days. The average timescale is nearer a month, however. But selling in the traditional way takes several months. If you can’t afford to wait that long, shorten the process by selling directly to a national home buyer.

Think about the alternatives to selling a house fast

If you have everything you need in terms of documentation, survey results and legal assistance, you might be able to sell on the open market in just two months, probably the best-case scenario. If you are using this method, then consider how to stage your house for a quick sale.

There are, in fact, several alternatives to a quick house sale firm — and not all of them involve selling. It’s essential that you have considered all your options before you decide to sell.

Hire a local estate agent

Who better to sell a house fast than someone who knows the local property market inside out? A good agent always has a list of willing buyers at hand. An agent knows what sells, and what doesn’t. Using knowledge of the local market and years of experience, they’ll accentuate the positive wherever possible. And they’ll utilise a comprehensive network of contacts and marketing channels to maximise your home’s exposure.

But even with a great estate agent managing the sale of your home, there are never any guarantees of a quick house sale. And you’ll still have a certain amount of work to do. You’ll need to help with the creation of a property listing. And you’ll need to be there to answer questions and show people around your home.

If speed is of the essence, an agent might suggest that you advertise your house at the lower reaches of the local price range. Even if you take a 5% hit on the final sale price, that’s a lot better than the 30 or 40% run you might receive by selling to an unscrupulous fast house sale company.

Renegotiate with your lender

You may not have to sell your home at all. If you’re selling against your will, there may be alternatives. Take repossession proceedings, for example. A lot of people sell up fast to protect their credit rating. After all, a repossession on your record and stop you from getting credit for many years.

But it’s worth remembering that most banks, building societies and finance companies don’t want to repossess the property. It’s an expensive business that often ends up with huge unrecoverable costs.

Be proactive and reach out to your lender about your financial situation. Work out the maximum you can pay each month towards your repayments and arrears, and work from there. You lender may give you the option of a payment holiday. The bank may also offer to refinance your home loan to spread it over a more extended period.

Avoid a property chain

Selling a home to a quick house sale company is a good way of avoiding the dreaded property chain. But it’s not the only way. For example, if you’re prepared to buy a new-build property, you might be able to part-exchange your existing home. You may receive less than the full market value, but you won’t have to worry about a collapsed chain scuppering chances of a speedy sale.

Sell at auction

There are several scenarios in which it makes sense to sell a house fast by auction. For example, you might struggle to attract buyers on the open market if your home requires major repairs and renovations.

But an auction involves marketing, and that takes up time you may not have. You’ll also need to make your property available for viewings. Even if your reserve price is met and exceeded quickly, the buyer has 28 days to complete after paying an initial deposit. This means that, in the best-case scenario, selling a home at auction will take at least two months.

Fund your retirement plans in a different way

If your need for a quick house sale is related to imminent retirement plans, there are other options to consider. For example, rather than moving out of your home, you might be able to unlock a portion of your equity. You’d get to stay in your home, and you wouldn’t have any repayments to worry. But the loan company would claim the money, along with interest, from your estate after your passing.

You might also want to consider a ‘rent-back’ scheme, i.e. when you sell your home but immediately rent it back on a long-term deal from the buyer. Just remember that this is a regulated area of the property market. Quick house sale firms need a licence to offer such services.

Shop around and compare fast house sale deals

There are now dozens of quick house sale companies in the UK. The worst thing you can do is accept the first offer you receive. While the proposal might meet your expectations, how do you know that something even better isn’t out there?

You should compare at least three house buying services. So only choose companies that offer a free, no-obligation valuation. If you tie yourself into a selling agreement right away, you won’t be able to compare all the various offers and benefits.

Don’t just consider the offer, as other issues may affect your selling experience. For example, hidden fees might make a seemingly good offer far less attractive in the long run.

Get your property valued before searching

The very first thing you should do after deciding to sell your property is to get a rough valuation. You can do this relatively quickly yourself. Use resources such as Zoopla, Rightmove and The Land registry to check recent, like-for-like house sales in your area to give you a rough idea of your property’s market value.

If you’re still considering all your options, ask two or three local estate agents to provide you with a valuation. They’ll use historical and current data along with their own experience of the market to value your home. Of course, use this as a guide, rather than a definitive final selling price.

If you know the rough range of house prices your home falls into, you’ll know when a quick house sale company is trying to exploit your situation. Having this information at hand also puts you in a stronger negotiating position if you decide to haggle on price.

Do your homework

Ideally, you should know everything there is to know about a quick house sale company before you approach them for a valuation. Get online and look for quick house sale reviews and testimonials. Reach out to your fellow consumers in chat rooms and on forums. Ask them about their own experiences with these companies.

Also, check that the company is a fully-fledged member of the National Association of Property Buyers. Membership means that the company is also signed up to The Property Ombudsman’s codes of conduct.

Keep detailed records

A lot of your dealings with quick house sale companies might take place on the phone. Keep accurate records of all communications. Log the time, date and content of each phone call you have. Retain letters and emails, too. If you ever need to refute a claim or complain about the service you’ve received, this information could be invaluable.

Don’t be afraid to push back

The fact that you’re trying to sell a house fast might make companies think they can walk all over you. The less reputable firms out there will use your desperation for a speedy sale to their advantage. Don’t let them. If you have concerns about their conduct, raise them at the earliest opportunity. Always keep the threat of turning to another house buyer on the table. It is crucial not to sign up to a restrictive agreement at the beginning of the process.

When you first receive an offer for your home, your first emotion might be a relief. And this is when you’re most likely to accept a low price. Take a while to consider the offer with your price expectations and the current market conditions. If you’re not happy with the price, ask for more.

Some less reputable firms start with an unusually low offer in the hope that you accept out of sheer desperation. They leave themselves wiggle room for negotiations, which is one of the reasons why it’s always best to get at least two or three valuations.

Prepare a list of questions for your preferred quick house buyer

To help you make the right decision, we’ve put together a few key questions you should ask every house buyer you approach:

  • What’s your honest assessment of the likely timescale involved?
  • Who will be valuing my property? Can I see a copy of the report?
  • Does your service involve upfront fees?
  • Do you envisage any delays to the house sale process?
  • Will your offer be changed at the last minute?
  • If a third party if buying my home, do they have proof of funds?
  • Are you a member of the National Association of Property Buyers?
  • Do you abide by The Property Ombudsman’s codes of conduct?
  • How much paperwork is involved?
  • Am I allowed to look elsewhere for alternative valuations?
  • What happens if I change my mind before the sale completes?

Good advice is to research the quick house sale company and your local property market. When you’re ready to start listening to offers, give one of our property experts a call. We buy houses at competitive prices. We never charge upfront fees, and we never change an offer at the last minute.

Quick House Sale London

If you’re looking to sell your house quickly in London we can help you. We understand the market in London, pay the highest prices and can complete a sale very quickly or to your own timetable.

Our experienced quick house sale London team will start helping you through the procedure of selling your house fast in London right away after you contact us. We provide a no obligation and free valuation service and you can get an offer in a matter of minutes.

Post Brexit London House Prices

As average house prices climbed above the 2007 peak values for the first time recently and demand is still outstripping supply, it’s a good time to sell your house and get a great price.

However, post Brexit property asking prices are starting to drop as buyers demand better deals. UK investment bank and stockbroker finnCap predicts a 10-20% fall in London house prices by next year.

Even though the Brexit vote has unnerved many house buyers and sellers, it’s likely there will be a period of uncertainty in the market. Demand for properties in London continues to be high so a house price recovery is likely before too long even if prices drop in the short term.

House Prices Fall In London

The Estate Agent Route

Selling your house can be frustrating and dispiriting, with your home stuck on the market for months on end sometimes. Often it can be small and seemingly insignificant factors that stop the house getting viewings or stop viewers going forward to make an offer.

A good start can be to have a good hard look at your home through other people’s eyes and then make the changes necessary to make it more attractive to buyers. Your local estate agent should be able to give you an idea of the maximum price that a house in your area could fetch. And what your house is likely to fetch in its present state, with hints on what you could do to achieve the best price.

London properties are on the market for an average of 41 days. Exchange of contacts for sale of the property can take 90 days and then another 28 days is often needed before completion occurs. So the average time it takes to get your house sold by using an estate agent can be around 160 days.

Then you need to consider that about one-third of sales fall through before contracts get to be exchanged, costing buyers and sellers a lot of money and grief. With us once you get your offer, the offer and the offer price are guaranteed, so you know we will go through with the deal.

Quick House Sale London Scams

Be aware when you are focussing on a quick sale that there are some “fast house sell scams” operating in the London market. Extravagant promises and pressure to push the process through should alert you to a possibly disreputable firm that won’t act in your interest.

Quick House Sale Scam Alert

Some firms will complete most of the process and then suddenly drop their price at the last moment, hoping you’ll be so invested in the process that you will feel you have no option.

The Sell Property Fast Cash Route

We will never pressure you to complete a sale at a pace you don’t feel comfortable with and our price offer is a firm one that we won’t change at the last moment.

Sell Property Fast Cash buys properties quickly for cash. There are a number of advantages in getting a speedy and certain property sale through us. There are a lot of extra costs in taking the normal estate agent route: estate agent fees; legal fees; decorating costs; mortgage payments and council tax while you are waiting; time off work.

We Buy Any House

With a quick house sale you can avoid all these expenses and the uncertainty of whether or not your sale will fall through at the last moment. You get the benefits of a quick sale and a cash boost to your bank balance.

Call our quick house sale London team on 0800 68 99 420 or email us for your no obligation purchase offer today.

Brexit London House Prices

Britain’s vote to leave the EU has had the expected initial turbulence with the pound sinking to its lowest for 31 years and the stock market gyrating. While we are waiting for the dust to settle, it’s worth thinking about Brexit London house prices and whether it’s going to make a difference to the questions “What is my house worth?” and “Will it be harder or easier to sell my house?” or “Why Is My House Not Selling?”.

In the run up to the referendum the property market had already started to slow due to the uncertainty, so what’s the likely outcome for house prices?

Brexit London House Prices

London Property Prices May Fall

In times of uncertainty people tend to put off important decisions until they understand more clearly the risks of going ahead. This may reduce activity in the residential house market and lead to a drop in property prices. So it makes sense to get your house sold as soon as you can in case prices drop and you get less for it.

Big international firms in the City of London are very likely to relocate thousands of high-paying financial jobs to the EU, significantly reducing the demand for high-end properties. Along with stamp duty increases, changes in buy-to-let tax treatment and extra costs for foreign investors, this could lead to an overall drop in property prices.

Although the market may well stabilise in time, the initial reaction has seen a sharp reduction in some of the asking prices for London property. So it’s possible, but by no means certain, that a prolonged spell of price-cutting might lead to lower property prices in the medium term at least.

The Evening Standard reported, thousands of London homes have had their prices slashed since the Brexit vote. If you are a London home owner and you want to sell your property then you may have to sell at a much lower level.

Londoners May Decide Not To Move

There is some evidence from surveys and property sites to suggest than some people may opt to stay in their homes rather than try and sell in an uncertain atmosphere. Since demand is likely to continue to be strong, this could lead to fewer properties on the market and a better price if you’re willing to try your luck.

There May Be A Short Period Of Price Reduction

The shock of an event such as Brexit is always an emotional one, and markets and financial firms respond emotionally and often in an exaggerated fashion. This effect eases with time so even if there are price reductions they are not likely to last for more than a year or so.

Will There Be A Recession?

The initial and continuing financial and industrial shocks that follow the vote to leave the EU have been interpreted as leading inevitably to a recession. People may well be uncertain about taking on large mortgages when the economic climate might worsen.

Brexit London Recession

The reduction in consumer confidence and economic activity that may follow the referendum could have a depressing effect on the housing market. Some commentators have predicted a 5% fall in house prices over the next six months. An expectation of a house price fall could lead to buyers demanding a discount on the selling prices offered by buyers.

So Is It A Good Time To Sell My House?

There is still a shortage of properties on the market and a surfeit of potential buyers, so demand is still strong and supply is weak. This should insulate the market against a significant reduction following the decision to leave the EU. Prices could stay firm because of this.

However, if the emotional shock of the Brexit leads to a general expectation of reduced house prices we could see the housing market suffering from falling house prices for six months to a year or two.

The Verdict

At the moment it’s not clear what the effect of Brexit could be. It could have little effect on the housing market or lead to a price reduction period of varying length. So you could find it difficult to get a good price for your property if you delay in the present uncertain political and economic circumstances.

To ensure you get a quick home sale in London for the best price in this period of restricted supply, go to Sell Property Fast Cash and get a free valuation with no obligation.

Why Is My House Not Selling?

You put your house on the market a while back, hoping for a quick sale to get things settled. Unfortunately it has not turned out that way. You’ve had a bit of interest and some prospective buyers have viewed your property. But you’ve had no offers. So you’re wondering “Why is my house not selling?”

So what’s wrong? Is the market bad at the moment? Are there no buyers around for your type of property? Is it just the situation or is there something you can do? Let’s look at selling my house tips for getting a quick sale.

Why Homes Don’t Sell. What Do I Need To Know?

Why is my house not selling

Targeting The Right Market At The Right Time

Figuring out who might buy your house is the first step to focussing your property on your target market. A second bedroom might be better as a study or left as a bedroom, depending on who might buy your house.

Demand for property is most buoyant in the springtime around February and March and in autumn around September so make sure your selling period includes at least one of these times.

Price

Price is probably the most powerful lever in the housing business apart from location. So it’s really important to get it right. Your property is worth what someone will pay and it’s easy to overvalue it by asking too much.

Finding out what local homes in your area have sold for recently is easy now with the online resources available. If you set your price too high, buyers may have set a ceiling price for your area and miss your property. A realistic price means what other people might offer for your home, not how much you think it’s worth.

Home Asking Price

So bite the bullet and set the price realistically, there’s plenty of advice and data out there to guide you. Setting your price in the normal band for your area will maximise the likelihood of potential buyers considering your property. This is where an experienced local estate agent can really help you. It is likely that a buyer will want to negotiate a bit on your price, so leave yourself a little leeway too.

Enough Good Photos

Most people at least start their property searches online nowadays. And there’s lots of choice so your job is to give your potential buyers the information they need. Good, wide-angle photographs are a big part of this. Out of focus, poorly lit and poorly composed shots will mean many people rule your property out right away.

If you can’t take good shots, get a friend who’s good at photography or pay a professional photographer. Within reason, the more photos the better. Setting the dining table, taking some furniture out of the sitting room and removing clutter from the background of each shot can make a real difference to the perceived quality of your rooms.

Your House Is In Poor Condition

Obvious neglect of maintenance or repairs will put people off or attract offers at significantly less than you are asking. Untidiness or mould growing on the shower walls may be seen as a sign that bigger problems may also exist. So it’s worth fixing any obvious visual problems and spending a bit of money on repainting faded or damaged paintwork.

One really useful thing to do is to check on the competition – what are equivalent homes in the area like? View a few houses yourself and see where your place sits in the quality scale. This may point you towards where you have to improve to get a sale in the present market.

You’re Still Doing Work On It

Small things always need to be done to a property but if you’re in the middle of renovation, extension or rebuilding the garage then buyers will be wary of considering your property. They can’t be sure how things will turn out and if you are doing it yourself they can’t be sure it will meet all the required legislation.

Your House Isn’t Clean

Dirty House

It’s really, really important that your house is spotless. If you can’t do this then get an industrial cleaner service in to do it properly, it will pay off. Kitchens and bathrooms must appear hygienic and fresh, so a new toilet seat and fresh, white towels are a good investment.

Your Home Is Too Personal

Yes, I know it’s your home but when you come to selling it you have to think differently. If you have unusual colour schemes or collections of Mickey Mouse memorabilia that may be lovely but can put people off visualising how they might live in the space. Paint over with neutral shades and remove anything unusual.

Make Yourself Available For Viewings

When engaged in buying a house, people often look at numerous options and view several houses within a short period. Being flexible and putting yourself out to allow people to view your home can pay handsomely. If you are too picky about times they may decide to go elsewhere.

Don’t Show The Property Yourself

Property Viewing

If you are paying an agent to market your property, let them do it and go out for the duration of the viewing. If you have to guide the viewing yourself, have a plan to show the best room last and don’t try and impart too much information. After the guided viewing, invite buyers to look round for a second time on their own. This reduces the pressure they might feel and allows them to talk privately as they tour the property.

Listen To Comments And Questions

The questions and comments from your viewers can be a gold mine. They will tell you the things that come to mind when someone sees your house for the first time. The same question coming up more than once may indicate a problem you should address.

Decluttering and Depersonalising

First impressions stick in the mind and may colour the whole view your prospective buyer has of your property. Go across the street and look at your property as if you were someone else. The outside is what people see first so it’s sensible to ensure the garden is tidy, all the doors and windows are clean and any rubbish is cleared away. Are the paintwork, grouting and windows looking good? Are weeds sprouting all over the drive?

Inside we are usually aware than a clean, tidy and uncluttered room shows itself off to best effect. If necessary put some of your stuff in storage to allow an airy feel to your rooms. People are trying to visualise themselves in your home and being distracted by bright green walls or masses of clutter makes this much more difficult. Depersonalising the rooms can enable someone to see the property as less of your home and more as their potential home.

Make sure the hallway is clear of all obstructions and the bathroom and kitchen surfaces are clear and clean without dirty towels or smelling bins.

It’s Not Fresh

If your home looks a bit tired and run down then your offers are going to come under your expectations too. Freshening up the place with new paint, lino or tiling can reap big rewards. Check all the fittings and bulbs, replacing anything sub-standard. Removing heavy curtains, improving lighting and putting flowers in the room can all help.

Export The Pets

Pet Export

Many people are not fond of animals. Some can be allergic to cats or afraid of dogs, and they can at best be a distraction from the business at hand, your property. The potential damage or smell from animals can also put people off. Farming your animals out for a while can pay dividends as your buyers concentrate on what you want them to see.

Have You Done Any Marketing Yourself?

Your estate agent is not the only way to market your home. You can have fliers printed and distribute them in the local areas, advertise in local papers or make a video tour of your home to post online. People can then get a feel for what it’s like to live in your home.

Opening your house can generate interest and be a source of useful comments on how your property is seen by others. Neighbours and word of mouth can also be powerful ways of finding that one person who really suits your property.

Do You Have The Right Estate Agent?

Choosing the right estate agent can be tricky and there may be little to go on. You want one who is locally experienced and competent and who you can personally relate to. Referrals from someone else may be a good way.

Ensure you are getting the service you expect and be prepared to change once your agreement has ended. You can negotiate a shorter contract and be clear what you expect from an agent. Getting at least three agents to value your house is important and web-based estate agents are also available, with lower fees overall, so are worth considering.

Don’t Tell Lies

While it might be normal to exaggerate a little on descriptions it is very important to try and be as accurate as possible. If a buyer turns up and finds the details are not as described they are going to be very unhappy. They then distrust everything else about you and your property. So describe your property honestly.

Keeping On Track When You Have A Buyer

The longer it takes to get to exchanging contracts, the more likely the deal is to fall through for a number of reasons. You need to keep an eagle eye on this process and talk to your solicitor at least every week to see where things are.

Selling My House Fast?

Setting your house up so that potential buyers perceive it to be just what they want is a complex process. But by following the suggestions above you can make a real difference to your chances of selling your house quickly.

There are other options, you can sell property fast with a dedicated house buying service such as Sell Property Fast Cash who guarantee you a good price for your home and a quick completion.

We Buy Any House

Fill in the form on the website or call 0845 004 1118 to get a decent price for your house.

Selling Your House Back To The Bank

You’ve got to that point when you think you really can’t continue any more. The financial pressures are too much and the mortgage payments are becoming an impossible burden. Perhaps you should consider selling your house back to the bank?

Hold on a minute there. Things may be bad at the moment but if you hand in the keys and walk away you may find that your hasty move increases rather than decreases your financial and legal problems. There isn’t an easy way out here where you can throw off your debt and walk away without consequences of some kind.

When I Sell My Home What Happens With The Mortgage?

Your mortgage loan is a financial transaction guaranteed (‘secured’ in bank-speak) by your house. So the bank or mortgage company knows it can legally take your house and sell it if you default on your payment obligations.

However, selling your house back to the bank doesn’t mean your troubles are over. If the bank sells off your house quickly and gets a low price they may continue to pursue you for the difference between that and the mortgage. It is the mortgage loan, not the property that the bank owns and wants to get back. The mortgage continues to exist until it is paid off by whatever means.

Bank Home Foreclosure

The bank may also add solicitor’s fees, sales commissions and other expenses incurred before your house is sold. If the property takes some time to sell, you will be responsible for expenses such as the mortgage payments, house insurance etc. until the sale.

This all gets added to your debt and is still just as real even though your house is gone. The value of the house sale will be taken off your debt but if anything remains you are still liable for it.

So you could, if you are unlucky or unwise, end up with no home AND a significant mortgage debt. However bad things seem, just moving out and leaving the keys with your financial institution doesn’t look like a smart move.

You may think this is a last resort when you have exhausted all other ideas you had. You may feel you have to give your home to the bank to pay off your debt. You may also be in negative equity, where the loan amount exceeds the present value of your home.

Voluntary Repossession Of House

Voluntary repossession is what we have been talking about. You write a letter to your bank to tell them you can’t pay any longer and are giving up the property.

Now it’s important to realise that the bank does not own your property, you do. The bank owns the mortgage loan to you and it can sell the property to pay the debt off if you can’t pay in the normal way.

If your lender sells your house it may be auctioned off quite quickly so that the bank can recoup some of its money. However, this means your home is rarely sold at anything like its true value. The less your home is sold for, the greater your potential remaining debt and the longer it will take you to pay it off. You want your house to sell for as close as possible to market value.

Is Selling Your House Back To The Bank Without Penalty Possible?

If you allow your lender to repossess your house and sell it off, you might find that the value of the house exceeds your loan and that they owe you money.

However, it is more common for the loan to be greater than the house sale value. If you could have sold it for a reasonable price you would probably have done so already. So it’s more likely you’ll end up still owing a good chunk of debt after the process is over and that will be the penalty you can’t avoid.

By now it may well be clear that giving your house back to the bank could be a bad idea. So what can you do? There are other options, such as selling property for cash with a dedicated house buying service such as Sell Property Fast Cash who guarantee you a good price for your home and a quick completion.

We Buy Any House

Fill in the form on the website or call 0845 004 1118 to get a decent price for your house.

House Prices – March 2015

The price of housing has increased by an average of 5.3% over the year March 2014 to March 2015, according to the Land Registry. This indicates the continued trend of restricted supply of properties on the market and thereby increased demand. The average property is now valued at £178,007, still down from the peak of £181,049 which it reached in 2007 before the financial crash. A 0.8% decrease has occurred since February 2015.

House Prices

London’s average cost of property remains the highest in the UK with a price of over £462,000 as against the average overall price of just over £178,000. London’s price rises have lured out more house sellers so there is a good supply of properties to buy, making the market more active.

House Prices in England and Wales

As has been typical over the last few years London has seen the greatest rise in average property value in this period with an increase of 11.3%. The South-East continues to rise strongly, with the North-East the only region showing a price fall, that of 2.9% over the year and 4% over the previous month.

Eastern England seems to be the strongest part of the country in term of prices, reducing times to completion to a low 64 days and with increased supply.

If you’re planning to sell your house fast in the near future then now is a good time with prices steadily rising in most areas of the country. If you are in the North-East where prices have dropped then your property may be seen as very good value and be of interest to a buy-to-let landlord or a first time buyer.

The variation in the house price increase was from 3.6% for flats up to 6.1% for semi-detached houses, showing more strength for larger and detached properties and lower increases for the larger number of flats and maisonettes.

If you want to sell your house fast and have a semi-detached or detached property then both price increases and the scarcity of properties available are working in your favour at the moment.

Time To Market

How long it takes you to sell your house is extremely important. Delays can land you in all sorts of financial difficulties. The standard time for completion has improved lately to 88 days. However, with Sellpropertyfastcash you might be able to complete in a much shorter time such as ten days in favourable circumstances.

House Sales and Repossessions

From January 2014 to January 2015 the number of completed house sales in England and Wales has dropped by 18%. 53,168 sales per month were made during the year. This includes a slightly steeper decrease of 19% for properties worth over £1 million.

Repossessions also dropped, this time by 45% to 590 per month, with the greatest fall this time in London.

Overall while prices are increasing in most areas of the country such as Liverpool and Manchester, there is a lack of supply of new properties for sale coming on to the market. So if you have a property you want to sell quickly then this is a good time to call Sellpropertyfastcash and turn your property into cold, hard cash in your bank account.

Source:

  1. Land Registry – https://www.gov.uk/government/organisations/land-registry
  2. Home.co.uk

Need To Sell Your Property Fast?

There are many things that can occur whilst trying to sell your home. The advice in this article will help you with some of these difficult decisions.

The most common cause for a home not selling quickly is the asking price. In order to get buyers flocking to your house, you need to set a price that pleases them as well as you. You should conduct some research and find out how much comparable homes have sold for in your neighbourhood. If your goal is to make a quick sale, you should set a price that is about ten percent lower than the cheapest house that was recently sold. If your house is priced low, people will be excited and eager to make offers.

The more competitive your asking price, the more likely you are to get a lot of foot traffic and a quick sale near asking price. Sparking a bidding war among potential buyers could foster a higher sale price than you originally anticipated.

For Sale Sign

Pick your agent carefully when selling your home. Selling a property in a managed and timely matter is important, so be sure your agent is well-versed in this field for your sake. A trusted agent or a home buyer company can make the transaction smooth and less confusing.

When you make your home inviting, it is more likely to attract potential buyers by making them feel welcomed. More people will show interest in a home that looks welcoming and clean. When it is time to show your home, open the curtains and let as much light in as possible. Illuminating your home by utilizing only sunlight can be very appealing to potential buyers. Pull back all curtains, drapes, and lift your blinds. In nice weather, open the windows. Fresh air can help your home seem more appealing to buyers.

Paint your walls in neutral hues so that they are less personalised and thus more attractive to buyers. Light candles or bake cookies, not just for the aroma, but to share with potential buyers. Having them feel comfortable in your home will make them want to buy it.

Make sure your home landscape is in good order when selling a house. A lawn needing mowed, or an area that is cluttered with debris or junk, will make many potential buyers hesitant to view the property.

Now that you’ve spent a few minutes of your busy day reading about how you can sell your home quickly, the next step is to obviously put these tips to work. The real estate market can sometimes be extremely volatile, but using these tips will help to simplify the process.

Inexpensive Ways to Develop Your Property

If you’re trying to sell your home it’s a good idea to spruce it up a little and present it to potential buyers with it looking at its best. Developing your property ready to go on the market doesn’t have to cost a fortune; there are plenty of simple, cheap ways to get your house looking more like a show home:

Declutter

Creative Ways to Declutter Your Home for a Quicker Sale

Too much clutter in your home can be very distracting to potential buyers. They’ll find it more difficult to picture themselves living in the house if all they can see is your DVD collection piled up in the corner next to that bag of stuff you keep meaning to take to the charity shop. It’s also worth remembering that when you do eventually sell your house you’ll have to declutter while you’re packing anyway, so why not do it in advance to attract more buyers to your clean and clutter-free home!

Deep Clean

Woman doing housekeeping

Once you’ve cleared out some of your clutter it’s time to give the house a really good clean. Start by focussing on areas that rarely get cleaned like skirting boards, windows, grouting, etc. Hire a steam cleaner to spruce up your carpets and inject some new life into them. If you find that you have stains that just won’t shift, try some strategically placed rugs! Wipe the walls and clear any dust and cobwebs from the ceiling. It’s also a good idea to clean your blinds and curtains, especially if you have pets or smokers in the house.

Garden Maintenance

Tidy garden after maintenance.

Your garden is one of the first things that a potential buyer will see when they come to view your house so make sure it’s well kept. Mow the lawn, remove weeds and prune any hedges or large bushes. Plant flowers in pots to brighten up the garden; pots are easy for you to take with you when you move house too.

Re-Paint

Woman painting wall in yellow.

Giving your house a fresh lick of paint is a great way to brighten it up and make it more appealing to potential buyers. It’s best to stick with neutral colours such as cream and magnolia as this allows potential buyers to view the property as a blank canvas that they can make their own mark on. If you can’t afford to repaint the whole house then just do the skirting boards and picture rails to brighten the place up a little.

Of course, if you’re struggling to sell your home in the traditional way or you need to sell quickly so that you can move into your new house then we can help! Sell Property Fast Cash are on hand to buy your property quickly and easily, get in touch with us today to see how we can help you.

By: John Gasior

We Buy Any House, Quickly, For Cash, Without Fees!

When it comes to selling your property quickly, we buy any house fast! We know that whether it’s to stop repossession, release funds tied in with the equity or because it simply does not sell on the open market, our house buyers team get the job done quickly!

Selling your home quickly does not have to be a painstaking or complex process. We are one of the leading property home buyers in the UK today with over 20 years of experience in selling property fast. We don’t rely on any of the traditional methods that a home seller has to face when selling a property on the open market.

By selling your home with SellPropertyFastCash, you can skip the process of:

 – Paying for a home valuation
 – Selecting an estate agent
 – Listing your home on the open market
 – Hassles of people traipsing around your home for viewings
 – Instructing a solicitor who will do the legal work
 – Stress of broken chains

We Buy Any House, Fast!

Our quick home sale services are simple. If you want to sell your home quickly and achieve maximum value for it than SellPropertyFastCash.co.uk can get the job done is as little as 10 days.

Understanding our clients, their needs and priorities is the core of our function when selling your home fast. Call our home buyer professionals on 0845 459 7088 for your free home valuation and a no obligation purchase offer.

Post By: John Gasior

Sell Property Fast with a 24hr Purchase Offer Guarantee!

Today’s ‘sell property fast’ sector is full of companies and agents who promise a quick home sale and often under deliver. Sadly, this ends up costing homeowners lots of time and money.

When homeowners need to sell property fast, they need options. SellPropertyFastCash.co.uk understands that home sellers need those options quickly and is why we guarantee a purchase offer within 24 hours of contact.

If you have found yourself in a position where you need to sell your house fast in order to gain quick access to funds tied up in your home equity then SellPropertyFastCash.co.uk offer more than just a quick home sale.

Experienced Sell Property Fast Agents

Our agents are experienced property professionals who specialise in quick home sales. The property market continues to change and we are changing with it to make sure homeowners can sell a house fast at any given time and in any marketplace.

At SellPropertyFastCash, we are doing everything possible to educate our visitors about unlawful quick sale companies such as the current firms being investigated by OFT. Click here to read more on Firms face action by OFT.

Sell your house fast with UK’s #1 HomeBuyers

If you are genuinely searching for a quick home sale, we can help! SellPropertyFastCash.co.uk is a leading property home buyer that specialises in fast house sales for those seeking to sell property quickly. We provide every enquiry with a free valuation and a no obligation competitive purchase offer.

By John Gasior

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