8 Jan

Selling and Renting Back Your Property

The current economic climate, particularly in the United Kingdom, when coupled with the lack of available credit is leaving much of the population feeling the pinch. Many individuals are finding it difficult to make ends meet month to month and as a result of this are looking for ways to generate additional, significant funds in the short term. It is well documented that lenders are reluctant to offer loans as they once did which leaves many looking for additional funding methods, in particular by selling their homes. But, not just selling their homes, selling and then renting them back from the buyer.

The common practise, known as sell and rent back is becoming more and more popular as a result of the aforementioned state of the UK economy. The sell and rent back companies in the UK, for the most part, operate in the same fashion. You will be offered a lump sum, cash payment for your property (usually around the market rate) and then be presented with the option of renting your property back from the buyer, again at the market rate. This is allowing people to generate large amounts of funds with little hassle and most importantly, without losing their home.

The advantages of selling your property and renting it back are simple. In a nutshell, you receive cash for your home but do not have to leave. The other advantage is that when dealing with a company offering a sell and rent back service, there are no buyer / seller chains, so you can effectively wrap up the entire sale of the property within a matter of weeks. It is because of this that the sell and rent back process is increasing in popularity dramatically and providing individuals with some much needed income during these uncertain financial times.

Filed Under: Financial, General, Property

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23 Oct

Finding A Buyer When Facing Property Repossession

If you have the misfortune to be facing property repossession or eviction. Your options are somewhat limited, however, there are options out there. The best option, when it comes to selling your property should you find yourself in this situation is to sell to a cash buyer. More specifically, a company who will offer a cash purchase for your property. Property sales of this nature are notoriously quick with most sales being wrapped up in a matter of days, or at most, a couple of weeks. The only downside is you will not get as much for your property as you would if you were to sell privately. Although with that said, when taking into account all of the time and hassle in arranging viewings, not to mention the extortionate estate agent fees, the 80% of value price offered by most cash buying companies is a god send, particularly if you’re facing repossession.

Selling your property to a cash buyer is easy, extremely easy and most companies will take your home for the aforementioned 80% of the market value, regardless of the state of the overall housing market or the condition of your property. By taking this option, you will obviously stop the repossession happening and receive a reasonable lump sum cash payment also. Most companies who buy property for cash will also offer a sell and rent back service which means you can stop eviction / repossession, generate a large cash payment and not even have to move out of your home to do so. The company will buy your property and rent it back to you at an agreed rate.

Companies who buy properties for quick cash are extremely experienced and realise that each person is an individual and their situations differ greatly. As a result of this, deals can be tailored to suit the home owner giving a way out for any property owner facing eviction or repossession.

Filed Under: Financial, General, Property

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18 Sep

Looking for a fast house sale?

If you’re looking for a fast house or property sale, then there are some things that you need to know. When it comes to property sales, many individuals go down the usual route of choosing an estate agent, having the property surveyed, the value of the home determined and then listed as for sale. This is all well and good, but in times of financial uncertainty both personally and the country as a whole, this might not be the best option. Let me elaborate. The state of the economy in the United Kingdom currently is extremely well documented. It is common knowledge that house prices are on the decline and their is a severe lack of available credit. These two reasons alone make it difficult to sell your property at the moment.

So, what are the options? If you’re not looking for a fast house sale then you can sit and ride it out and hope that property prices start growing again and more importantly, hope one of your potential buyers can get a mortgage. This is fine, but if you’re looking to sell your property quickly, for whatever reason, it is not an option. If this is your situation, you’re not alone. Many people who are selling property at the moment are looking to do it quickly due to the aforementioned state of the market. However, all is not lost as there are options out there.

The most popular and probably the best option for you if you’re looking for a fast house sale is to sell to a cash buyer. I am of course referring to a company as opposed to an individual who just happens to have cash for your property. There are numerous quick home sale companies out there that will make a lump sum cash payment offer for your home. This offer will only be slightly below the market rate but will save you waiting potentially years to make a sale. With the property market on the slide as it is currently, it might be more sensible financially to take this option now rather than to risk losing significantly more later.