When people plan to sell their home, they often imagine estate agents, staging, viewings, valuations, contracts and the many other items of minutia that comes along with the process. But what if you cannot wait that long? What if you do not choose to wait that long? Fast house buyers may be the solution for which you are searching.
5 Reasons You May Need a Quick Cash House Buyers’ Help
Quickly: what is a fast house buyer? These are companies that specialise in purchasing homes on an accelerated timeline. The process, from filling out an initial form to completion, may only take a few weeks. Typical costs, such as estate agent and solicitors’ fees, valuations, RICS reports etc., are included in the transaction, and you can receive cash in your account in record time.
Your life circumstances and reasons for seeking to sell your home are unique to you. That said, there are some common situations in which people find themselves in need of a quick sale.
1.Imminent Repossession
This is a truly unfortunate situation. Due to changes in your life and in your income, you may no longer be able to afford your home. It could be a job loss, an unexpected medical condition, the financial burden of caring for a loved one, a sudden need to relocate for work or family… The list goes on and on.
Regardless you are stuck with a mortgage you cannot pay. If it goes into default the lender will move to reclaim possession. Not only are you out of a house – literally – you have a black stain on your credit report which can bar you from securing loans and other forms of credit in the future.
Reputable cash house buyers can help you avoid repossession. With a quick sale, you can get out of default status and move on with a clear record. While certainly not the best case scenario all things considered, it does protect you from some very serious ramifications.
2.Divorce
This too is another unfortunate situation. As emotionally draining and stressful as divorce is, there is also the question of a shared home. Selling is often the best way to make a clean break, as it were, and to move ahead with your life. Depending on the nature of the divorce, it may make the most sense to ensure that this break happens sooner rather than later.
3.Property Inheritance
Inheriting a property sounds like a dream come true for most of us. But what if that property is rundown and in need of extensive repairs? What if maintaining it is beyond your financial capability? What if you cannot afford the duties and taxes? What if you cannot move there but also cannot afford to run two different properties?
Suddenly inheriting a property is more of a nightmare than a dream. Selling quickly allows you to break free from a burden that was unintentionally placed on your shoulders.
4.Relocation
Do you need to move for work? To be closer to family? To attend school or training? Do you simply want to travel or rent instead of own? Are you moving in with family or with a partner? In any case, you need funds to relocate and start a new part of your life. You could wait for months (and months and months) for a conventional sale to complete, or you could take control of the process and have cash deposited into your bank account within 21 days.
5.Downsizing
Sometimes people outgrow their houses as they start families or expand their households for other reasons. And other times, our homes outgrow us! If you no longer require, want or can afford the space you have and wish to move into smaller accommodations, cash house buyers can help you make the transition more easily and conveniently. And, of course, more quickly.
Do you find yourself in any of these situations? Perhaps you are facing another issue in your life that requires a faster than usual sale of your house. Whatever your reasons and your goals, house buyers can help you complete the sale and go on to the next phase of your life in a solid position.
