Posts Tagged ‘credit crunch’

Use Cash House Buyers For Quick House Sales & Beat The Credit Crunch

If you’re unlucky 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 closer to your new job, but you can’t find a purchaser to complete the purchase of your existing House, and until you do that you can’t buy your new house near to your new job.

If that is the situation you find yourself in, you’ll be paying out a lot of extra cash in traveling expenses, and probably 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 purchasers 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 most likely be a First Time Buyer.

In the new straightened circumstances caused by the Credit Crunch, First Time Buyers are having to find bigger 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 specialize in facilitating Quick House Sales. They operate very quickly, and can complete the purchase of your House within as little as 7 days if everything goes to plan.

Cash House Buyers never pay you the full valuation price for your House. Normally they pay around 80% of an independent valuation, however 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 pull down the price of your next House very substantially, because you offer the vendor a good opportunity for a Quick Property 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 deflated by about 10% this year.

This means that using Cash House Buyers can free you from the House Buying Chain at a cost, but you can offset 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 dropping 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.