Archive for the ‘Sell and Rent Back’ Category

Buying Houses - Sound Investment Or The Road To Ruin?

Saturday, February 2nd, 2008

Each type of house buyer has a different set of criteria that will affect just how quickly they sell an existing property and purchase their next one. Whether they are a first-time buyer, property developer, buy-to-let investor or a couple downsizing.

First-time house buyers and those house-sharing will often over-stretch themselves in their desperation just to get on the property ladder. Lenders have in the last few years been encouraging this by offering larger mortgages than borrowers can realistically afford to repay. The awful truth of just how much it costs to run a home can come to light several years after they have bought their first home. The temptation to buy everything new and to want everything “just right” will eventually dawn once the credit card bills have reached their limit. Young people have a greater “live for today” attitude and the thought of putting money aside to cover contingencies just doesn’t occur to them. So, when the boiler breaks, they lose their job or have an accident there is nothing in reserve. Admittedly they are likely to earn the least and have less spare cash to put aside but it reflects their general air of invincibility. These are also likely to be the house buyers who do not have contents insurance and only the most basic buildings insurance cover to satisfy their mortgage lender. When reality does finally hit home what are the options? Seek help from the parental piggy bank, sell on the open market or sell and rent back from a company specialising in buying property fast. Potential first-time buyers should think long and hard about whether having the responsibility of looking after a property is something that is right for them at this point in time.

Buy-to-let investors fall mainly into 2 camps - those who are serious about running it as a business and those who dabble at it to try to shore up their dwindling pension plans. Those who don’t fully understand the buy-to-let market can come seriously unstuck; often having invested heavily from financial reserves or even re-mortgaged their family home to start up. Problems can arise if the market takes a sudden dive, if they need to access cash quickly or if tenants don’t prove to be as reliable as they had envisaged. There are companies who will buy your investment property even if it currently has problem tenants.

In a similar predicament are inexperienced property developers who can make the mistake of under-estimating the amount of work and cost involved in a project, especially if they have bought at auction and failed to have a survey (yes it does happen). It is all too easy for unforeseen problems to arise that will seriously affect the profitability of a renovation, particularly if you have to buy in skills. The best solution in this situation is to try to find an experienced developer or property buyer who can take that money pit off your hands and allow you to start afresh with another project.

Expanding families and those down-sizing are at the mercy of very fragile property chains. There are ways of ensuring that you don’t lose that perfect house just because your property won’t sell or your buyer has pulled out. The stress involved in a protracted house sale can aggravate many health issues so if your property just isn’t shifting you could try selling it to a company that buys properties for cash. That way you can complete in around 4 weeks and exchange on a date of your choosing.

Emigrating or relocating to another area is a logistical nightmare as there are 1001 things that need to be done. By selling your property for cash you can ensure that you have at least one less problem to worry about. Some companies will even allow you to remain as a tenant until the day you emigrate/relocate. No upheaval whilst moving into rented accommodation and trying to ensure everyone knows your temporary contact details or worrying about not receiving important letters. A very simple solution to an otherwise stressful problem.

If you want to find out how much you could get for your property just complete our quick quote and we will get back to you.

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Why Sell Your House For Cash Rather Than Use An Estate Agent?

Friday, February 1st, 2008

Good question. People have diverse reasons for selling their homes. Not all sellers require a fast house sale, but for some the thought of waiting 3-12 months in anunhappy situation is simply too long. If your property is struggling to sell on the open market or you just want a quick no-fuss house sale and are prepared to pay a bit less than the over-inflated valuations of estate agents then you should consider using a company that specialises in buying properties for cash.

  • Emigrating
  • Relocating
  • Need more space
  • Prolonged poor health
  • Equity release
  • Buying your dream home
  • Problem tenants
  • Problem neighbours
  • Need less space
  • Bad structural report
  • Divorce settlement
  • Rising maintenance costs
  • Financial difficulties
  • Facing repossession

Most house buyers have the luxury of lots of time to pick and choose exactly which property they want to buy, particularly true in the current economic climate when house prices are falling and house buyers are keen to pay the lowest possible price. This is fine if you don’t need to sell your home fast and can just wait until the next link in the chain is able to move or prices stabilize. Unfortunately this isn’t always the case. The chain may collapse and you lose the house you are trying to buy; leaving you stranded for another 3-12 months. So, if you need to sell your house fast there are companies who can help.How does it work? Easy, most sites buying properties for cash have an online quick quote or application form - you just fill in your details to get things underway. They then research your specific area and contact you with an offer (subject to survey) based on a range of factors. If this is roughly in the range you require then an independent surveyor will come and value your property. As long as there are no major issues affecting the valuation the whole process can be completed in 3-5 weeks.The normal estate agent route can take between 3-12 months to sell, depending on the buoyancy of the market in your area. To ensure that you sign with them, rather than Joe Bloggs down the road, estate agents will often over-inflate their estimate of how much your property will sell for and then get you to drop your price after a couple of months with no offers.

Selling through an estate agent:
  • Around 3-12 months
  • Chain can collapse at any point
  • Home Information Pack
  • Estate agent fees
  • Legal fees
  • Valuation costs
  • Constant stress
  • Over-inflated price adjustment
  • Mortgage payments
  • Possible bridging loans
  • Maintenance costs
Using Sell My House Fast:
  • Guaranteed completion
  • Completion on a date to suit you
  • Sell in 3-5 weeks
  • No Home Improvement Pack costs
  • No legal fees
  • No valuation costs
  • You get your money fast
  • No “gazumping”
  • Price is slightly below market value
  • No stress
  • No maintenanceif you Sell & Rent Back

This might not be the right solution for your situation but it is worth considering all your options if you need to sell your home fast.

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Financial Problems? Consider the Sale & Rent Back Option

Monday, January 21st, 2008

People find themselves in financial trouble for many reasons.  It could be the loss of a job, illness, divorce or another life-changing event.  When these events occur they can significantly alter an individual’s ability to make their mortgage payments.  However, what individuals need most during times of uncertainty is the one thing that is certain and comforting - their home.  So, how can people overcome their financial problems and still remain in their home?  The answer is to sale and rent back.

What is Sale and Rent Back?

If you find yourself in this position you are probably wrestling with the serious problem of not being able to continue making mortgage payments whilst desperate to remain in your home.  It is also very likely you have thought, “I need to sell my house fast“, on numerous occasions.  Well, that is exactly what sale and rent back is all about.

This process involves you selling your home to a company that specializes in sale and rent back.  Then, the company will rent your home back to you, thus allowing you to stay in your home and avoid all the cost and upheaval of moving your family and belongings to another area or town altogether.  This really is the best option for many people because they can remain in their home and get the cash they need very quickly.  In addition, many people choose sale and rent back because it allows them to buy their home back in a certain period of time if their situation improves or else to rent indefinitely.  So, for those who need cash fast yet who don’t want to move then sale and rent back is the best option available.Perhaps the best aspect of the sale and rent back process is that it is completely confidential.  Your private affairs should remain private and when you take advantage of a sale and rent back offer your personal situation will stay that way unless you choose otherwise.

If you find yourself in a personal crisis and in need of cash then the sale and rent back solution is one that should be considered.  It may not be right for everyone, but it is a wonderful option to have.Want to find out how much Sell-My-House-Fast  would offer for your home?   If you want to find out if Sale & Rent Back is right for your current situation, why not complete the simple online quick quote form to see how we can provide you with the security you need.

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