Published by Tony Goggin on 02 Sep 2008 at 05:57 pm
Strategy For Quick House Sales During The Credit Crunch
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If that is the position you find yourself in, you’ll be spending a lot of extra money in travel expenses, and possibly even throwing away dead money into renting a flat or even staying in hotels. On top of that you’ll have seen the value of your property fall over recent months by approximately 10%.
You could well have one or more interested potential buers for your Home, but they too can’t complete the purchase until they’ve sold their own Home, and the purchasers for that may well be in the same position as well. This is the classic Home Buying Chain, and at the bottom of the chain there’ll probably be a First Time Buyer.
In the new difficult circumstances of the Credit Crunch, First Time Buyers are having to find more sizeable deposits, and this seems to be one of the main causes of ongoing static Home Buying Chains.
In order to break this chain, you need to find Cash House Buyers so you can make a Fast home sale. Cash House Buyers are usually specialist companies who specialise in facilitating Fast House Sales. They operate very quickly, and can complete the purchase of your Home within as little as 7 days if everything goes to plan.
Cash House Buyers never pay you the full valuation price for your Home. Usually they pay around 80% of an independent valuation, but they pay you cash and quickly. This then puts you in the driving seat when you come to negotiate to buy your next Home, and you can use your strength as a cash Home buyer to push down the price of your next Home very substantially, because you offer the vendor a rare chance for a Quick House Sale.
On top of that, we are in a situation where Home prices are falling, and the Nationwide Building Society announced that Home Prices in the UK have tumbled by around 10% this year.
This means that using Cash House Buyers can free you from the Home Buying Chain at a price, but you can offset some, most or even all of that cost by taking advantage of your Negotiating Strength as Cash House Buyers, and by being patient in a market of reducing prices. Additionally, when you sell to Cash House Buyers, you don’t have any advertising or Estate Agents Fees to pay, and by making your move quickly, you could save thousands more on travel and hotel expenses or flat rental.
Strategy For Quick House Sales During The Credit Crunch on 02 Sep 2008 at 6:50 pm #
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lowerautoinsurance » Blog Archive » Strategy For Quick House Sales During The Credit Crunch on 02 Sep 2008 at 7:08 pm #
[…] If you’re unfortunate enough to have swapped jobs just before the Credit Crunch hit, you may well be struggling with the slow down in the housing market. You need to move nearer to your new job, but you can’t find a buyer to complete … Original Tony Goggin […]