March 24th, 2008

Sell your house quickly to a Cash buying company

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Bet your thinking what the difference is between a cash-buying company and everything else that has been covered so far - those who specialize in cash home buying can also offer ‘sell and rent back’ agreements. You need to find a reputable company who does not charge upfront fees, and look for testimonials from previous clients to prove just that.

People who use this system of selling their property tend to have a bigger need for a quick property sale, rather than aiming for the best sale price. Check what they can offer you, before you make any commitments; some may claim to have no hidden charges, commission, legal fees or HIP fees, and give a free valuation.

A few things to remember when deciding on this option, is that a specialized cash home buyer should be able to buy your home in less than 28 days. The completion date can be set to suit you when the contracts have been swapped over.

As with sell and rent back, selling your property to a cash buying company may benefit you in the following situations:

• Job relocation
• Bankruptcy
• Releasing the equity in your home
• Repossession and debt
• A broken property chain
• Emigration amongst other factors.

Ask what they can do for you, as some may say they will handle everything for you, from arranging a survey to contacting solicitors once a contract has been drawn up and the price agreed on.

When you have decided which reputable company to use, make sure you have all the details of your home prior to contacting them, then the next step should be a valuation of the property. Of the full market price, some companies will give 80-85% of it in cash. This should give you the peace of mind that the buyer in question isn’t in a chain and does have the money to buy your property. Some offer to tailor the solution to your specific needs, so as always ask, ask ask!

A cash buying company can be a good solution for you as;

• Some can even stop repossession.
• Redecoration may not be necessary, saving you money.
• Solicitors fees can be paid for up to 500 pounds.
• Selling to a cash buying company can also mean you can possibly sell your home and rent back as a tenant.
• Save money on estate agency fees.
• Rest assured the sale can remain confidential.

Now you have the facts, it should help you find a suitable cash home buyer who will give you the best benefits and meet your needs.

Filed under: Quicksale, SellRentback

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