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Getting A Quick Property Sale Using A Specialist Company

Jan 17, 2008
Occasionally people have to sell their property quickly. There could be a number of reasons for having to take this course of action. It could be that family commitments, mean that they have to move away to a different area or perhaps go to a different country, maybe to look after a family member who needs immediate help because of illness.

It could be that they have to settle debts that can't be paid off any other way. A quick property sale would remove the debt pressure and prevent lenders from contacting them through lawyers and forcing them to go to court.

Selling through an ordinary property agent can take more than six months, which may be too long under these circumstances. also, there is never any certainty through this method. A possible purchaser could decide not to go ahead after months of discussions. This can cost the seller money that they may not possess. The seller may also have told other possible buyers that they have someone else, and those people may have moved on and bought elsewhere.

Luckily, there are specialist property firms who will sell your property at a speedier rate. Their role is not that of an agent, because they buy your property from you direct. Sometimes the transaction can be completed in a just week. The certainty of this route is attractive, as well as the speed that it offers. A seller has a guaranteed sale. The company buys direct from the seller, so there is no chain as you tend to get when selling through an estate agent. When the company has made its offer, the offer will stand and they will not go back on the deal as often takes place with ordinary buyers.

The company can also let you to rent back your property, so you don't actually have to move out at all, and you will therefore save money on moving costs. Also, some of these firms allow people to retain the right to buy back their property after selling to them and then paying out rent to live in it.

Selling to these companies will result in a seller getting anything between 75% and 90% of what they would obtain by selling their house through a normal estate agent. But the seller gets more certainty, a speedier sale, and the option to remain in the property and even buy it back later. There are more benefits, too, which make this method look better and better once you really look into it.

As you are making a speedy sale, you will have a lower number of mortgage payments to make, perhaps only one more. When selling through an estate agent you'd be making at least six more payments.

The quick property sale firm also usually pays the legal fees, which is one less expense for the seller. Also you won't have to pay an estate agent. Usually with an estate agent you would be paying around two percent. Also you won't get the problems associated with a potential buyer dropping their offer after the survey. At this stage, buyers often reduce their offer by two percent.

Looking at this as a total package, you could end up saving a great deal of money by using a company that performs this type of quick property sale.
About the Author
For more information about home buyers, please contact us or visit our website: http://www.bettervaluegroup.co.uk
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