It sometimes happens that people say “I need to sell my house right now” and there are many reasons why you could have to do this.
There may be a business opportunity that requires a quick move a long way away, and you really don’t want the hassle of renting out your existing house. You don’t want to deal with tenants and would prefer to be shot of the house completely so you can focus on the business. It could be that for family reasons you may need to re-locate to another part of the country or even go overseas, perhaps to look after a relative who is suffering from a serious medical condition and needs your help straight away. Or perhaps you yourself need to raise cash for your own medical care. An accident or illness could mean you’re no longer able to work.
Another reason could be that you have your heart set on a new home and your offer has been accepted. But the chain of buyers and sellers below you fails. You may say “I must sell my house quickly to get my dream home”. Alternatively you may need to pay off debts which can’t be settled any other way. A quick house sale would relieve you of your financial burden and stop lenders from phoning and sending legal letters and debt collectors. Selling through a traditional estate agent can take six months or more, which may be too long to wait. There’s also no certainty through this route. A potential buyer can drop out after many weeks of negotiations. This can cost you money that you may not have. You may also have turned other possible buyers away in the meantime.
But the good news is there are specialist firms who will get it sold faster. They don’t act as an agent, they buy it from you. In some cases this can be in seven days. In addition to the speed offered by this route, the certainty is also very attractive. You have a guaranteed sale. They buy direct from you, so there is no chain as usually happens with an estate agent. And once they have made their offer, they won’t change their mind as sometimes happens with ordinary buyers.
They also enable you to rent back your house if you wish, so you don’t actually have to move, and you save money on removal expenses. Not only that, some quick house sale firms allow people to retain the right to buy back their house after selling to them and paying rent to live in it. This is very useful where people in debt are about to have their house re-possessed. The specialist agent enables you to sell quickly, keep you home and avoid damage to your credit record. Selling to these agents will mean you may get anything between 75% and 90% of what you could get by selling through a traditional estate agent. But you get more certainty, a faster sale, and the option to stay put and even buy it back later. There are more benefits, too, which make this route look even more attractive.
Because you’re selling quickly, you have fewer mortgage payments to make. Usually you’d be making at least six more payments when selling through an estate agent. The quick house sale firm also usually pays the legal fees. And of course there are no estate agent’s fees to pay. Normally with an estate agent you would be paying around two percent. In addition you won’t get the problems associated with a potential buyer dropping their offer after the survey. Buyers often drop their offer by two percent at this stage.
So for those who say “I have to sell my house as quickly as possible” there is a solution which can help them achieve this.
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