Save yourself from making overstated mortgage payments by conducting a quick sale of your house

If you are unable to make overstated mortgage payments and afraid that your house might be repossessed, then it is always better to conduct a quick sale of your home.  When you think of conducting a quick property sale always look for reputed fast home buyers in the U.K. Their working method is quick and flexible and they believe in paying fast cash to the owner. Never contact a lender if you are having problems with your mortgage! A lender may assure you that they will fix your problem but if the mortgage arrears are too high they will make things difficult for you in future. Instead, contact cash home buyers who will agree to purchase your house and offer you the right amount for your property. They can also offer legal assistance and agree to pay a portion of your legal fees.

One of the greatest advantages of dealing with fast home buyers is that you can also buy back your property from them in the near future. You can sign an agreement where the firm will agree not to sell your property to any third party within a considerable period of time. In the meantime, you can accumulate cash and buy back your house from them. By selling it to them, you can pay back your debts and later, buy back your house from them when your financial condition improves. If your house gets repossessed, there are few chances of getting it back in the future. Moreover, reliable fast home buyers will also allow you to reside in your house as a tenant. So, if you do not want to leave your home but are forced to sell it due to monetary reasons, you can get in touch with cash home buyers who will allow you to stay in your house as a tenant.

Investors and Fast Home Buyers Bring Liquidity to the National Housing Market

With the hope that prices will soar up and condition of the property market will change, many property owners intending to conduct a quick sale of their properties are waiting eagerly. However, the so-called dream hike is yet to become a reality in the property market. First time property buyers may like some properties, but discover (to their dismay) that proper finances are not available for renovating and upgrading old houses that were built by the members of the families few generations ago. The homes may be centrally located or may be valuable. But, that is not what a first time buyer envisions when he opts to purchase a property. However, things are totally different with fast home buyers. Cash home buyers wish to create a new property by renovating an old property and sell it to a prospective buyer at good cost. Due to lack of finances, a property owner conducts a quick sale of his property to cash home buyers, who purchase the house, renovate it and then sell it to a home buyer. By conducting a quick sale, a property owner is often saved from the extra expenses. Due to the current economic downturn, the role of the fast home buyers is becoming prominent in UK’s housing market.

Most fast home buyers are top notch investors who pay the owners in cash. These cash home buyers have become a part of the property industry, providing liquidity and stability to the housing market. Many first-time home buyers might be able to buy a property and also have the good credit scores for purchasing a property, but they do not have the money or capability to buy a housing property that requires renovation and repairs. Under such circumstances, the demand for the fast home buyers increases, who bring liquidity to the housing market.

How to Select Reliable Property Buyers Who Will Help In Quick Property Sales

Are you wondering how to sell house quickly? Well, to conduct quick property sales, you must get in touch with reliable property buyers. There are many fast home buyers who can help property owners in conducting quick property sales without incurring extra expenses or facing property chain hazards. However, before you look for property buyers who will help you to conduct quick property sales, you must consider certain factors. Firstly, not all fast property buyers are reliable, and can help you to sell your homes fast and fetch you your asking prices at the same time.

There are several realty investors who purchase housing properties below the market price in order to conduct a quick sale. So, if you want to conduct quick property sales, then do not go for these property buyers. Moreover, if you want to know as how to sell house quickly, then do not go for these amateurs fast property buyers. Although, these amateur buyers are not actual investors and if you want to know how to sell your house quickly, they are least helpful, nevertheless these property buyers market enquires to prospective realty investors.

How You Can Sell Your Housing Property Fast In a Sluggish Realty Market

Fast property sales occur when people are in dire need of money or relocate to different places. When you think, “I want to sell my house fast”, there can be varied reasons. You might be shifting to a new house and need to conduct fast property sales because you cannot afford two different mortgage payments. A sluggish realty market is the biggest challenge for the property owners who wish to conduct fast property sales. So when you are planning, ‘I need to sell my house fast’, you must know that it might be a time consuming factor. There are many housing properties in the market that are waiting to be sold to appropriate buyers, but could not find proper buyers due to the economic downturn.

Expenses That Can Be Thwarted In a Quick Property Sale

A property owner may incur some extra expenses if he gets involved in the traditional property sale process. He is compelled to pay varied types of fees that are enough to burn a hole in his pocket. Thus, instead of conducting a fast property sale if he follows the traditional property sale process, he will definitely incur huge expenses. A home owner can avoid the following extra expenses by conducting a quick property sale.

By conducting a quick property sale, he can thwart the legal expenses that incur in customary sale of properties. The legal expenses are incurred through various court proceedings. The court proceeding becomes mandatory for those who enter into traditional buy-sell procedure. By conducting a quick property sale, the property owner can avoid the legal expenses as the house will be sold directly to the home buyer.

The owner can also avoid “home value drop” expenses if he conducts a quick property sale. In ‘traditional house sale’ procedures, the amount that is fixed from the property is often dropped the moment the housing property survey is handled. However, by conducting a quick property sale, the owner will not have to drop the cost of one’s house unexpectedly.

By conducting a fast property sale, home owners can avoid the fees of the realty agents as well. Usually the realty agent’s fees are 2% of the cost of the house (plus VAT). So, the profit margin is very low if one enters into the traditional property sale process.

All these expenses add up to the asking price, which is obviously less than the actual cost of the house. So, to avoid incurring extra expenses and to keep a high profit margin, it is always better to conduct a fast property sale. To conduct a quick property sale, the home owner should get in touch with a reputed property buying firm or reliable cash home buyers.

Conducting Quick Property Sales for Probate Concerns

Any individual finds it immensely difficult to deal with the probate procedure that is prevalent in UK.  The probate procedure involves dealing with the assets and property of a person after his demise. Now, it becomes quite complicated and challenging for family members to handle the property and the assets of the dead person (financially as well as emotionally). The inheritors do incur huge expenses while dealing with these properties. They will be liable to pay taxes that cause fiscal difficulties. Under such circumstances, many people prefer conducting quick property sales. If you sell house quick, you can actually thwart these probate problems.

Adults in Britain Aspire to Own a Home

According to a research article shared by the Council of Mortgage Lenders, 81% of adults in Britain hope to become homeowners in a decade’s time irrespective of the financial and economic problems arising from the current credit crunch, and around 74% feel that they will be able to purchase their own home in 2 years time.

The article published by CML (based on the survey results released by YouGov) also revealed that the desire to own a home has fallen only a little over the last few years and still exists strongly within different age groups in the UK.

People within the age of 35 have higher aspirations compared to those who own a home in UK currently. What is important to note here is that most people who are paying for rented accommodations or sharing a home with their family and friends are below 35 years of age, and over half of these people (i.e. around 54%) have a desire to purchase their own homes within a short period of time. However, only a third (i.e. 33%) of them think that they will manage to own a home in two years time.

"Safe Haven" Status Driving the Rates of London’s Major Properties

According to a report issued by Development Securities PLC and a study conducted by Fathom Consulting, it has been found the desire to purchase a home in a safe location is driving the London real estate market forward. This has further resulted in an historical increase in the prices of homes in some of the major residential properties of London.

The report revealed that since 1995, as much as 75% of the rise in London property values (as compared to the remaining areas in the UK) can be attributed to the fact that properties are completely safe here. Besides, at a time when the UK’s economic condition is not very impressive, prime central London home prices are a record 6 times higher in comparison to the rest of the country.

In essence, the Sterling’s current value, equity prices applicable globally and the safe status of London are the three major reasons behind the growth of London’s major property markets. Of these three reasons, the fact that London is a safe haven for investing in properties has been a major reason why property prices have increased so much in the city. This ‘safe haven’ factor has lifted the price of London properties by over 30% in comparison to the rest of the England since 1995.

The report also stated that foreign money accounted for around 60% of acquisitions in terms of value between 2007-2011 and it is because of overseas property buyers that the prices of homes in London have risen to such an extent. Consequently, over half of the residents of Chelsea, Kensington and the boroughs of Westminster are from overseas. So, if you are a property seller in London who wishes to Sell Your House Fast, now is the right time to approach a cash rich property buyer. Property sellers outside London can approach a Property Buying Company and enjoy a fast house sale in case they cannot find buyers easily.

Home Prices Witness a Massive Increase in UK’s Attractive Locations

In research conducted by Lloyds TSB, the company has revealed that property buyers in the UK are willing to pay higher prices in order to acquire properties with picturesque surroundings and alluring locations. The value for such residential homes has increased by 87% (i.e. £109,355) over the last ten years, from £125,860 in 2002 to £235,215 in 2012. This clearly implies that people who own a home located in attractive locations have witnessed the value of their house rise by over £911 on a monthly basis for a period of a hundred and twenty months consecutively.

In essence, five primary areas boasting of natural surroundings have seen their home prices hit double in the past ten years. Out of these 5 areas, Solway Coast located in Cumbria registered the biggest increase of around 124.5% over the past decade.

On the other hand, Northumberland Coast witnessed an increase of 123.8%, and was marginally behind Solway Coast. Other areas where the prices of homes shot up remarkably included Kent Downs at 115% and the Forest of Bowland (situated in northern England) at 107%. Surrey Hills was the most costly area with natural surroundings to live in England. Here, the average cost of a home was around £407,568, followed by High Weald at £329,441 and Kent Downs at £320,090.

This is evidence enough to state that homebuyers in England are willing to pay a premium for homes surrounded by beautiful and picturesque scenes. This is certainly great news for homeowners who own a residential property, which is surrounded by natural and scenic beauty. They can sell their house to rich cash home buyers and enjoy a Quick Property Sale.  So, if you have been thinking “I need to Sell My House Fast”, now is the time to put your property on sale and indulge in a fast property sale.

UK Government to Levy 15% Stamp Duty and CGT on Homes Valued Above £20m in London

In view of the fact that rich property buyers in London were easily acquiring tax free properties in London through offshore companies, UK’s Chancellor George Osborne has intervened and clarified that the government would be levying a 15 percent stamp duty charge on homes valued over £2m that are purchased or disposed off through companies.

The government will also extend the Capital gains tax (CGT) net so any house sold via an offshore company is taxed at the usual rate. What is important to note here is that at present non-UK residents are not paying any CGT at all. In addition to this, the government will also levy a new charge on an annual basis on homes purchased via companies. This charge would be approximately £15,000 for homes valued at over £2m. However, this will increase to £140,000 for homes priced above £20m.

Non UK residents who purchase homes via off shore companies will have to deal with the UK tax authorities as well. Prior to this, a Property Buyer who was purchasing a home via off shore companies in this manner was paying very little to own a property in London. The only cost that the buyer was paying came in the form of council tax, which was easily payable.

However, this particular legislation will change the scenario completely. Though property buyers will continue to enjoy inheritance tax benefits, these new charges will definitely put things back in order. So, if you are a property buyer who is willing to purchase a house valued over £20m pounds in the UK via an off-shore company, now is the time to act. On the other hand, if you are a property seller and want to Sell Your House Fast, approach a property buying company today. They can fetch you the right price for your property and assist you with a fast house sale.

Young Families in UK Shifting Focus to Rented Accommodations

A number of young UK families have started to feel insecure about their finances and are gradually drifting towards rented accommodation. A study conducted by the Cambridge University revealed that if UK economic conditions continue to remain stagnant, over 1 in 4 people (i.e. about 27%) will be in a mortgaged home ownership by the year 2025 compared to 43% registered in 1993-94 and 35% at present.

The study further revealed that it is not just the young and single Property Buyer who is facing difficulty in purchasing his or her own property and is shifting focus towards the rental properties in the wake of rising home prices. With banks unwilling to lend and falling wages, even UK families with children are facing similar issues. Many of these families are either paying more or half of their salary as rent and are left with nothing to save at the end of the month.

According to Cambridge University’s analysis, over the past 5 years the figure for UK families with children who are opting for rented accommodation has increased by 86%. This figure is more than double the hike registered across all households (i.e. 41%).

According to another report carried out by the independent Resolution Foundation and the housing and homeless charity Shelter, it is evident that this trend (towards rented properties) will constantly rise for over a decade and may only show a reversal if the economy improves remarkably. The report also clarified that the hike in the proportion of UK families with kids who opt for rented accommodations will be the highest in the London area. About 25% of families in London have already shifted towards rented homes, and by 2025, this figure will hover around 33%.

Given the pace at which the UK economy is moving, it is the right time for property sellers to get in touch with a property buying company and enjoy a Fast House Sale. Given that there are not enough buyers in the market, they can help you sell your house fast and provide you with instant cash.