Broken chain Archives - Barry Home Buyers

26/01/2016 By property

Handling empty homes

Being in charge of empty homes could be challenging. At times it costs thousands of pounds in repair bills; need a keep up with energy and utility bills, mortgage payments and much more. Occasionally, a property can remain empty for lengthy periods of time, owing to a number of reasons. Landlords may be struggling to find tenants, a property owner may have passed away or perhaps a property is in a bad state of repair and is too dangerous for anybody to reside in it unless major work is carried out to restore it. Whatever the reasons are, it is a good idea to try and bring it back to its original state particularly as there is such a housing shortage within the UK. So whether you look to invest in developing the property or aim to get a quick house sale, it is important to deal with your empty property as soon as possible to avoid further on-going costs.

Firstly, you will need to investigate the problems the property may have. Whether you are aware of existing problems or you have just inherited a property, a home survey is a good start which can help to identify any underlying issues that need resolving. This is a good idea whether you choose to live in the property yourself, rent it out or put your home on the market. If you are on a tight budget, there may be help you can get from government schemes as well as asking friends to help with general maintenance. If you own the property outright, it may be worth considering getting a re-mortgage to help pay for any major repairs, which in the long run may help to avoid making a loss due to the state of the property. Otherwise you could opt to get a secured loan, or enlist volunteers to help with heavier work. If you are unsure or need advice, you can contact your local council or speak with an independent property or financial advisor who can help advise you with regards to budgeting or any help that may be available to you. While your property is empty you may be entitled to a discount on your council tax, so it is also worth checking as this could be economical.

Once your property is in a good state of repair you can then opt to rent it out which can help to recover some of the cost of repairs through rental income or put your home on the market. You could also consider marketing the property yourself in order to get a fast house sale which could also help to avoid fees from estate agents. However if you feel you are unable to carry out any repairs at all, you can still opt to sell the property in the state it is in. You may obviously make less money but you can then invest that money into a savings scheme and begin earning interest on it rather than having your property stood empty for any length of time. Often, you could sell property quick within a matter of weeks.

19/01/2016 By property

Inheriting property

When a family member owns a property, chances are that you may find yourself inheriting the property upon their death. Despite the sad loss of the relative (previous owner), the idea of inheriting property may seem an exciting expectation. Then again, it can come with some frustrating and nasty surprises. If the property has been left sorely to you, then this can make things a little easier as the responsibility lies entirely with you as the new owner. When you inherit the property jointly however (perhaps with another sibling); then you will all need to come to a mutual agreement regarding the future of the property. You could opt to get a fast house sale and split the profit. At times, one or both of you may wish to live in the property. Such an action may trigger disputes between the involved families. Even better, you could choose to live in the property or sell your home, you could choose to rent it out thus providing you with a long term rental income, among other available options.

Unfortunately, if there be any outstanding debts attached to the property, they will have to be settled before any assets such as property can be distributed to the heirs by the executor of the will. Once you have gained ownership of the property, there are potentially many obstacles. For instance, if the property inherited has been rented with existing tenants in it. The will may outline that the current occupants can remain in the property leaving you with a limited choice. In such a case, it is advisable then to talk to the tenant and come to an amicable agreement regarding the future tenancy or your wish to sell the property.

In other cases, the property may be in a state of disrepair. This may force you to make essential maintenance to it. If you cannot afford these repairs however, then you may be left with no alternative but to get a fast sale before it deteriorates further. Another alternative is to get a mortgage on the property to cover the cost of repairs. In this case, you will need to register yourself as the new owner with the land registry. If the owner who left you the property still had a mortgage outstanding on their home then unfortunately you will also inherit the debt that comes with it and be responsible for the remainder of the mortgage payments. You can however, look to change the type of mortgage held on the property, which may make it more affordable. If you cannot afford the repayments, you could be at risk of losing your home to repossession so it is important to get advice wherever possible. If you own it jointly with another person, you could opt to buy their share of the property, and likewise they could also buy your share making them the sole owner of the property.

30/11/2015 By property

How To Mend A Broken House Chain

A broken house chain can be extremely frustrating, you have chosen the house of your dreams and you have a date in mind that you would like to move in the house by, but then something happens and the buyer of your home pulls out. They may have chosen not to move house, found a different house or their mortgage may have fallen through. What can you do to mend a broken house chain so you can still move into the house of your dreams?

The best advice we can give you is that you come to us, the team here at Barry Home Buyers. We can buy your property from you to allow you to mend the broken house chain and still move into the house that you dream of.

Years ago there were no such thing as property buying companies like us, but property buyers have become increasingly popular over the years as they are a great way of mending broken house chains or resolving problematic house chains.

When you speak to our tem of house buying experts here at Barry Home Buyers it doesn’t need to be a problem to sell your house fast, we can buy your house quickly to allow the house chain to continue in an effective manner, with less stress and more ease.

There are lots of benefits of selling your house to Barry Home Buyers too; we have listed some of these below for you;

As house chain specialists we are experienced in dealing with a wide range of instructions allowing you to continue with the purchase of your dream home.
We are a chartered surveying firm so we professionally understand house chains and ho
Don’t let a broken chain happen to you.

w to manage quick house sales.
On instruction of our team all seller fees are covered, we understand you’ve lost money in the broken house chain already so we want to help you.
Our experts can help you process a quick house sale within as little as 7 days, or to make a timescale of your choice.
We always provide a cash offer as this can help speed up the sale of your property; we purchase houses with cash at all times.
Our professional house buyers will offer a free consultation and valuation of your home.
There will be no stress, multiple viewings or sales boards. When you choose Barry Home Buyers we take away the hassle for you.

If you’re looking to fix a broken house chain why not call us now to see how we can help you?