For most of us buying and selling a house is the biggest property transaction we\’ll ever make in our lives. That\’s a pretty scary thought â€“ especially when you\’re on the cusp of making a decision either way.
But the process of a Quick property Sale isn\’t cut and dried – to the extent there are no hard and fast rules to follow. There are as many individual reasons for selling as there are online estate agents.
For instance, when it comes to selling you have to take such issues as time frames into account, as well as financial aspects and, of course, whether there are other personal interests at stake in the investment too.
As a company which buys properties outright, our team has encountered just about every reason there is for a house owner looking to sell their property quickly and without any fuss. Here are some of the main ones:
Reasons to seek out a quick property sale
New job. Whether moving half way across the country or setting out for a new life abroad, your new life won\’t really start until you get settled in your new location. And this usually means buying a house and making it your own. In order to do this selling your current home is a necessity. But it\’s not just for financial reasons that you may be keen to rid of your existing home. Often it’s only once their home is sold that individuals feel they can finally shrug off their old existence and move on with their new life.
Divorce or separation. It\’s a sad fact of modern life that couples split more often today than they did in our parents or grandparents generation. Messy divorces often involve financial settlements and that\’s where a quick sale often comes in. Not only does this make legal proceedings clearer, but once the marital home is sold it’s only then the parties feel they can finally put a line under their relationship and move on.
Financial difficulties. The recent recession with all the job cuts it entailed resulted in thousands of individuals having to sell their homes quickly – thanks to mounting financial debts. In many cases people found it was better to cut their losses than continue to build up increasing debt. As a result many were willing to sell their property for below market value. This way it would free up financial capital and, at the same time, guarantee a quick sale. In addition there would be no estate agencies fees to worry about.
Avoidance of a property chain. We\’ve all seen those endless repeats of Location, Location, Location and other tv property shows where the deal on a couples dream home falls through simply because another family in the property chain were let down at the last minute. Property chains are notorious for collapsing like this and, as a result, most vendors prefer to sell to someone who isn\’t tied to a chain (even if it means reducing their price a little). It makes sense for someone who has fallen in love with a property to sell their own quickly and below market value. This will ensure they are a much more appealing sales prospect to the vendors and far likely to clinch the deal.
If you\’re looking to sell your home quickly then do get in touch with us here at barryhomebuyers.co.uk for a no-obligation chat. We\’d be happy to explain a number of options and help guide you through the property private sales process