I haven’t sold my old house
If you are going home, you can find that you might want to come up with the funds for your new house before the selling in your old house is finished.
In case you must offer your home in a hurry you may be thinking of using a fast sale business. They offer order your home in as tiny as a week at a discount. Read on to be sure you understand what youre doing.
What’s a fast house sale?
Fast house sale businesses offer to either purchase your home or find you a third party buyer very fast, and pay cash for your property, generally at a reduction from the total market value.
You could sell your house fast in scotland or elesewhere in the UK
Advantages and disadvantages of utilizing a fast house sale business
They are able to offer a helpful service for homeowners who should unlock cash in a rush.
Prevent repossession, clear debts or sort out fiscal difficulty
Dispose of familial property
Go for age or health related motives
Sell as an effect of divorce or relationship dysfunction
Relocate due to a reversal of occupation or to emigrate
Beware Unscrupulous Dealers
One seller signed a deal with a fast house sale business agreeing a cost of 75,000, but the day before the removal guys were expected to arrive, the firm lowered the offer to 40,000.
More than a few companies consent to purchase a home, but then decrease the cost in the very last minute
Fee constructions aren’t consistently made clear to the customer
Some businesses make bogus property valuations
Is using a fast house sale business right for you?
To answer this question, you should consider why youre selling and what your priorities are.
If sell house fast Scotland is more important than getting the top cost, then you might determine that using any of these businesses is worth it. Nevertheless, be ready to wind up with about 75% of your propertys value.
Before determining to go ahead, ensure youve considered all of the options and read our top suggestions (see below).
Options to a fast house sale
Make use of a conventional estate agent
Before choosing whether to go ahead with a fast sale firm, request some local estate agents what cost would get you a fast deal.
You may discover the amount you have to drop the cost by is less than the typical 25% reduction a fast sale business would ask for.
Negociate with your mortgage company
Another way of selling your property quickly is to consider using a property auction – we partner with solds who run an online property auctions Scotland and who also arrange live events throughout the country. Selling your property at a property auction rather than holding on to it and waiting for prices to rise is a very real way investors can make money. It’s becoming an increasingly popular and profitable exit strategy.
It IS quite possible to buy and sell property at auction effectively – whether you intend bidding online or attending an even in person there will be a straightforward process that gives you as an investor the opportunity to view the property prior to bidding and therefore make an informed choice on each individual lot before committing yourself to buying. It becomes possible to pick up repossessed property at up to 40% off the open market price.
If you’re willing to do the research and understand the process whether you are buying home to live in or if you are making an investment type purchase these can often represent some of the best properties available. You can add yourself to the Solds property auction database here or contact us directly in order to get a quick sale on your home – we are here to offer straightforward advice.
In case the motive you’re selling up is that you’re fighting to stay informed about your mortgage payments you need to get in touch with your lender to talk about your alternatives. Mortgage companies must think about a request to alter how you pay your mortgage.
Among the matters they may propose is expanding the period of your mortgage (the period of time left to run on the mortgage) to lower your own monthly repayments.
Mortgage arrears or difficulties paying your mortgage
Look at other ways of financing your long-term care
In case the motive you’re sell house fast Scotland would be to cover your long-term care, make certain youve looked into each of the options and have discussed to an independent financial adviser who specialises in financing long-term care.