Don’t Let The Credit Crunch Stop Your House Move – Use Cash House Buyers For A Quick Property Sale
If you’re unfortunate enough to have switched jobs just before the Credit Crunch struck, you may well be struggling with the slow down in the housing market. You need to move nearer to your new employment, but you can’t attract a buyer to complete the purchase of your existing House, and until you do that you can’t buy your new house near to your new employment.
If that is the position you find yourself in, you’ll be spending 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 probably be a First Time Buyer.
In the new difficult circumstances of the Credit Crunch, First Time Buyers are having to find larger deposits, and this seems to be one of the main 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 work very quickly, and can complete the purchase of your House within as little as 7 days if everything goes smoothly.
Cash House Buyers don’t pay you the full valuation price for your House. Normally 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 push down the price of your next House very substantially, because you offer the seller a real opportunity for a Fast home 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 around 10% this year.
This means that using Cash House Buyers can free you from the House Buying Chain at a cost, but you can claw back 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. Also, 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.
Posted on: Tuesday, September 2, 2008 at 11:38 am 
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