What would you do first if you were to sell your house today? To guide, advise, and help you find a buyer, you’d probably go find a good estate agent. That’s pretty much the usual thing to do, but some people are turning to companies that purchase houses as the average time homes stay on the market keeps getting longer. For more details click Offer House-We Buy Houses.
They are called cash home buyers, and even at short notice, they can complete the purchase of a property. You’ll need to raise quick cash if you’re facing foreclosure, are months late with your mortgage payments, or have a mountain pile of debts, and the quickest way to do it is to sell your home, which is actually one of your greatest assets, to companies purchasing properties.
They have cash on hand that they can draw upon to make a direct purchase of any given property without having to rely on banks or any other kind of lenders for financing. If possible, they will close a sale within a few days, so if you’re facing repossession, for example, then that’s one of the only opportunities you really have to avoid it.
And besides, if you’re stuck so deep in debt, one bold step is the only way to get out of it. You may be losing your house in this situation, but what you should think about is that you are taking your life back and starting new. But if you really want to stay at your home, you can find a cash buyer who offers the option of selling and then renting back.
Perhaps better, the seller will save thousands of pounds that he would have paid the agent in commission, since there is no estate agent involved in the sale.
The criticism of this method of selling is that the fair value of their home is not granted to sellers. But now, try selling to any buyer and you’re not likely to get any offers based on what you think your house is worth or what brokers claim it’s worth, with an asking price. They have the ability to control the price in a market saturated with sellers and with so few buyers, and the only way to be able to sell is to lower your asking price. And once you’ve acknowledged the fact, selling to someone who can complete the purchase quickly just makes sense.
There is no reason to worry that your house could be listed at a low price, it could even work for your gain. Doing that will cause you to get multiple offers, and that can push up your house price a little, giving you as the seller the bargaining power back. Particularly in today’s sluggish market, there is very little risk in pricing too low; the danger lies in overpricing and selecting an agent based solely on a high valuation.