Beyond Origins the Discussion

Get Cash House Buyers For Quick House Sales And Forget The Credit Crunch

August 30th, 2008

If you’re unfortunate enough to have changed jobs just before the Credit Crunch struck, you may well be struggling with the slow down in the housing market. You need to move closer to your new job, but you can’t get a purchaser to complete the purchase of your existing House, and until you do that you can’t buy your new house near to your new job.

If that is the situation you find yourself in, you’ll be paying out a lot of extra cash in travelling expenses, and perhaps 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 may well have one or more interested potential buers for your House, but they too can’t complete the purchase until they’ve sold their own House, and the purchasers for that may well be in the same position as well. This is the classic House Buying Chain, and at the end of the chain there’ll most likely be a First Time Buyer.

In the new difficult circumstances caused by the Credit Crunch, First Time Buyers are having to find heftier deposits, and this seems to be one of the major causes of ongoing static House 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 Quick House Sales. They operate very quickly, and can complete the purchase of your House within as little as 7 days if everything goes to plan.

Cash House Buyers never pay you the full valuation price for your House. 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 House, and you can use your strength as a cash House buyer to bring down the price of your next House very substantially, because you offer the seller a rare opportunity for a Quick Property Sale.

Additionally, we are in a situation where House prices are falling, and the Nationwide Building Society announced that House Prices in the UK have tumbled by approximately 10% this year.

This means that using Cash House Buyers can free you from the House Buying Chain at a cost, 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 dropping 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.

Entry Filed under: Real Estate