With all the doom and gloom, property is a difficult asset to sell especially if you need to get your hands on money. If you wanted to avoid repossession, then there will always be companies which offers sale and rent back if you ever wanted to sell your property and rent it back. These companies have to be FSA regulated so whenever, you approach them ask for their certification – if they don’t have one then you know they are unregulated and do you really want to be dealing with them. When you say a quick sale for cash, it means that you need to sell your house for a price that is lower than its value on the market. An example of a quick sale is when you are interested to sell your car and you sell it in a price of $10,000 in a car magazine, little did you know, there are potential buyers in your region, however, they will buy it for $9000-$9,500, even though they will buy it for a lower price, at least, there is an assurance that someone will give a cash for your car with just a deal. If you took your car to your nearest garage and said buy my car please, they will only offer you ?6,500 to ?7,000 for that very same car. There is also an explanation why garage buyers would only but it for a lower price since the transaction is guaranteed despite of the fact that it is instant.
The situation in selling a car and selling a house is most likely the same. You will have heard the saying “a house is only worth what someone is prepared to pay for it!” and that’s very true because that is the methodology surveyors use to value properties.
The selling of houses and properties definitely lead to a huge advertising, thus, if you happen to look for a house buying company on the internet, then you would definitely find one. The question you have to ask yourself is how many of these house buying companies are on top of Google because they are “trusted sites” and how many are advertising to be there? The ones on left and at top at paying to be there – meaning they could be anyone even unregulated companies however, those that appear in organic listings are established names BUT vast majority of them will only generate your enquiry and sell it to property investors in the area.