|
The reasons why a quick house sale is
sought are endless.
Simply stated, if you're circumstances are
not catered for by other means of house selling, then finding a cash
buyer can be your best option. The best analogy we can think of is the
square-peg-in-a-round-hole feeling we all get from time to time.
We've learned to listen.
We're not in the business of making
judgements about why a homeowner seeks out the services of a
professional cash buyer.
Many homeowners we speak to are facing
some form of deadline. The deadline can be a fixed date or
a self-imposed feeling that they need to do something as fast as
possible.
The deadline, fixed or otherwise,
can be precipitated by a hundred and one reasons including:
....moving and found a
new home?
..replacing your
previous buyer?
..relocating within
the UK?
....financial
difficulties
..over-stretched
finances
...distributing
cash among family members
..freeing up cash for
investments or future obligations
..moving
to a larger home or down-
sizing?
..already bought another home?
...emigrating?
..worried about
interest rates rising?
...divorce or
separation?
...facing bankruptcy?
...avoiding
repossession?
...living abroad?
..inherited
a property?
...disposing
of rented property?
...disposing of a
problem property?
..moving closer to ill
or infirm relatives?
...moving to sheltered
housing or other specialist accommodation?
The point is this. The reasons why a quick
house sale, a guaranteed cash house sale, are sought are many and
varied. What's yours?
And then again, paradoxically, the reasons
why a quick house sale is needed can be because you don't want to
move home.
A quick house sale can simply be 'part
one' of the service that's needed. Part two can involve a rent back
arrangement. This means you sell your home then rent it back from the
professional cash buyer.
The reasons why a quick house sale might
be combined with a rent back arrangement?
At the heart of it, finances are
typically involved in one way or another and practical or
emotional reasons for staying put.
You might be considering releasing equity
to use for something else or because you'd like to clear your mortgage
or debts. We're currently speaking to many homeowners who are finding
their higher mortgage payments a struggle or are worried about further
increases or want to release equity.
With higher interest rates selling your
property to move to an affordable rent can be attractive. Likewise
releasing equity, banking the proceeds and living off the interest.
Remember higher interest rates are good for savers, but pretty
uncomfortable for borrowers.
Which brings us on nicely to why people
opt for a sell and rent back solution. We've come across people:
--
trying to avoid
repossession
- worried about higher
mortgage payments
- unable to pay-off
mortgage arrears
- with reduced earnings
- with tax bills to pay
- caring for a spouse
or relative at home
- with fixed incomes
- retiring
- clearing off their
mortgage
- have a local business
linked to their address
- clearing off loans
and / or credit card bills
- releasing equity to
live off the interest after banking the proceeds
- releasing equity to
enjoy their money
..and the list goes on. The reasons why a
quick house sale followed by renting back their home may suit some
people are clearly very personal. But if you have ties to the local
community or have found your "forever" home it can make sense. It may
also make sense if you need a break from homeownership to get back on
your feet financially. Whatever your reason - we'll listen and do
our level best to accommodate your particular circumstances.
|