Quick Property Sale | Quick House Sale | Sell House Quickly
When facing mounting debt or the threat of repossession, the first thing many people these days think of is selling their house quickly to get their hands on instant cash.
There are a wide variety of products and companies out there offering a quick sale – sometimes even giving you the option of selling your house and renting back. These deals might seem good – even miraculous – in the short term but have you stopped to consider the long-term implications?
Sell your house now and you’ll be stepping off the property ladder.
Once again you’ll be tenant of rented accommodation with all the hassles that can bring. You’ll also be faced with the ominous task of raising a deposit again for a future property purchase – in the current property climate with house prices still increasing that can be a daunting task.
Type “sell your home” into any internet search engine and you’ll be met with an avalanche of companies all offering a quick sale for cash and targeting those who face repossession, divorce, illness or bereavement or mounting debt – all situations in which a quick sale might seem desirable.
While many claim to be able to buy your home in a week, sometimes even less, do they really have your best interests in mind? For a start most property buying companies will typically offer between 20 – 30% less than the market value of your home so not only do you lose your home, you also lose a significant proportion of the value of your home ie you lose money!
I need to sell my house quickly?
In most cases it is far more beneficial to remortgage or refinance your home to make up for the arrears. And if in the long term your property still needs to be sold you’ll be able to sell your home at full market value.
What about the “sell and rent back” service you might ask? Sure, quick sale companies may be able to buy your home quickly and then rent it back to you at market rental value .Yes, you get to stay in your own home but as a tenant not owner. In addition, monthly rental maybe the same if not higher than the mortgage, making it potentially even more expensive than retaining ownership of your home and dealing with mortgage payments.
By remortgaging or refinancing with a reliable, trusted finance company such as Crystal Clear Home Loans you can alleviate your immediate debt problems and avoid repossession – AND retain ownership of your home.
For a no obligation chat about your options and assistance with your repossession or arrears issues call one of our advisors now on 0800-881-8024, or apply here.
