When the need to sell your home arises, using an estate agent is rarely the most efficient way to do so; paying estate agent and legal fees, waiting for surveyors to visit your home, and then waiting for the right person to view your home can often mean months, sometimes years, before your home is sold, especially in today’s uncertain financial climate. If you find yourself in this situation, it may be worth considering using one of the many home buying companies offering to purchase your property.

It is now possible to sell your home in less than a month, with some companies offering to do so in a week or less. These home buying companies are offering property owners the chance to be rid of their property, which could ease financial worries or even speed up the relocation to your dream home. Because you are selling to a property purchasing company, there are no chains that could potentially collapse, ensuring the guaranteed sale of your home. The majority of companies also ensure there are no equivalents to estate agents’ fees, which are typically 1-3% of the property’s value, plus VAT.

Although you may be guaranteed to sell your home in a short amount of time, it is important to see how much home buying companies will offer you for your property in relation to its ‘true value’. It is common for these companies to offer you a sum in the region of 75-90% of the value of your home, so it is advisable to evaluate whether taking a reduced amount for your property is the right decision for your circumstances.

If you are having trouble keeping up with mortgage repayments, or even facing repossession, a home buying company offer you the chance to be free of those worries. Property repossession was up by 50% in the first quarter of 2009 compared with the same time the previous year. Losing your home is a traumatic experience, but one which could be avoided with the help of home buying companies and their tailor-made solutions.

Financial Standards Authority (FSA) approved home buying companies can rent your property back to you once you have sold it to them, meaning you can sell your house without having to move out. This scenario is ideal for home-owners wishing to ease any financial strain they may be under from mortgage lenders. If you shop around you may be able to find offers from companies which assure you a ‘rent free’ period, or contracts with a ‘buy-back’ option. If you’re not so great with contracts, some home buying companies can offer you legal representation, or a cash sum to put towards using your own.

There are some home buying companies offering bespoke solutions to help people wishing to emigrate; after the payment of an initial lump-sum, you will also receive a share of the profits after they have sold the house on, offering a potential long term investment with a speedy solution to your relocation plans.

Finding the balance between selling your home in a realistic amount of time and for its true value can be a very difficult task. If the prospect of a quick sale becomes your priority, using one of the hundreds of home buying companies around the UK and online could be the solution you have been looking for.

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