Things to Consider When Selling Your House Fast To a Cash Purchaser

Tips when dealing with cash property buyers
Tips when dealing with cash property buyers

There are some incidences when you will need to sell your house fast to a cash buyer. This involves incidences where you have been faced with urgent need of money. There are many buyers who will be willing to buy your house for cash but not all of them will offer you the best deals. This is why you should take your time and assess different buyers before you decide on one. Some of the factors you should check out is the period of time that they buyer will take before he can conclude the transaction. There are some cash buyers who will claim to offer fast cash for houses that they will buy, but they will keep you waiting for long before they can offer you the cash. The buyer should also value your house at the most appropriate value.

Things to consider when selling your house fast to a cash purchaser


  1. Compare buyers for you to locate one with the best deal

Different buyers will have different terms of operation. There are others who will require you to pay for services such as evaluation fee and other legal services while others will pay for the legal services after you agree to sell the house to them. You should take your time and compare the terms of operation of different cash buyers before you decide on one who will not exploit you while selling your house. The value at which the cash buyers will value your house also differs. There are others who will value the house at a reasonable value while others will underpay you. For you to avoid being a victim of underpayment, you should consider a buyer who will be ready to offer you the best deals when selling your house.


  1. Time taken for the buyer to conclude the transaction

Selling your house to a cash buyer will take between 7 to 28 days for the transaction to be offer. In case you are in need of quick cash, then you should consider a cash buyer who will take the least time possible to conclude. You will easily know it after you decide to ask other sellers. A reputable cash buyer should have a list of satisfied clients whom you can call for reference. You should ask him to give you contact numbers of some of the sellers whom he has ever did business with. After you call the past clients you will get to know the approximate time that the buyer will take before he can conclude the business. You should be careful of any house cash buyer who will fail to offer you a list of clients whom he has ever served. He may be untrustworthy hence he will not like you to know about his past clients.


  1. Transparency of the process

When selling your house for cash the buyers will contract surveyors who will assess your house and state the value of the house. For you to avoid cases where you will be exploited, you should work with a cash buyer who will be ready to share with you the document that will state the value of your house after the surveyors have evaluated it. The value that the surveyors will state should be the one that the buyer will offer you. Although the buyer will like to remain with a margin where he will make a profit after reselling your house, the difference should not be too big for you to feel exploited.


  1. Related costs when selling the house

There are some related costs which you will have to incur when selling your house. For example, you need to prepare legal papers to prove transfer of ownership, the valuation fee among other fees. For you to avoid cases where you will pocket less money from the sale of your house, you should consider selling the house to a cash buyer who will take care of the related costs. Some buyers will offer to pay the legal fees upon agreement to sell the house to them. You should always go for those who will meet the expenses so that you will earn more from the sale of your house. Even if they will pay the legal fees, you should ensure they are offering you the best value for your house

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Ways to make your home sell quicker in a difficult housing market

In a market where the supply of houses outstrips demand, selling a house can be a daunting task. More often than not, sellers are forced to sell their property at throw-away prices. It’s however possible to sell a house in a difficult housing market. If you’re looking to sell your house in a declining housing market, read on to find out how you can do it at a better price and at a faster rate.

Clean up the clutter

It’s a compulsory requirement that home sellers clean up all the clutter before listing a house. Clutter doesn’t have to be actual rubbish that goes to the trash can. It also includes old furniture that makes the room appear smaller, family photographs and personal items. Hiring a professional stager is a good idea since he or she will guide you through the staging process. You may also be required to rent furnishings to be used for staging purposes. This will serve to help potential buyers picture themselves living in the space.

Price the house right

Regardless of how well you stage or renovate your house, appropriate pricing is still important if you want your house to sell in a declining housing market. To decide on a good price, do your research by reading newspapers, information posted online about the current trends in the housing market and consult with a housing agent. You don’t have to go with the lowest price, especially if you’ve made efforts to improve the aesthetics of the house. It’s however important to ensure that the price you set doesn’t go out of line with that of comparable properties on the market. Put yourself in the shoes of the buyer and think about how much you’d buy the property for.

Ways to make your home sell quicker in a difficult housing market

Improve curb appeal

Curb appeal is a factor that’s often overlooked by homeowners looking to sell their homes. They forget that the exterior is the first thing that potential buyers see when they arrive at your property. Buyers like to see an attractive external appearance and make sure that the house they pay for fits well with the rest of the neighbourhood. Before listing your house, be sure to apply a fresh coat of paint and your lawns and bushes are manicured. First appearances are very important in the housing market, hence the emphasis on improving curb appeal. It will help make an impact at first glance.

Stand out from your neighbours

The key to selling your home in a difficult housing market lies in being unique and different from your neighbours. Consider custom design elements in your landscaping and interior décor. Have new windows installed or get a new roof. Anything you can do to improve the aesthetics of the home will go a long way in helping improve the value of your property. However, make sure that whatever restorative projects you do are reasonable. They also have to complement the amenities of the home such the adjoining deck or swimming pool.

Sweeten the deal

Going for offers or deals that attract buyers will help sell your house quickly. For instance, you can offer a thousand pounds discount on the closing costs. In a declining housing market, buyers are always looking for deals so why not give them just that? Offering transferable home warranty for one year that will cover faulty home appliances is one way of sweetening the deal. The policy can also cover other house gadgets. Last but not least, it’s important to note that some buyers are in search of deals that close within a short period of time. If you can close the deal on your house within two months, that may help to attract buyers.

Hire a professional photographer

It’s common knowledge that most people looking to buy homes don’t walk the streets looking for a house. Rather, they go online and read local magazines to look for houses. That means that your listing should be accompanied by great pictures highlighting the best features of your home. Hire a professional photographer to take the pictures for you. Of course, this should come after all upgrades and staging has been completed.

Selling your house in a market that’s not doing well requires extra effort. The above tips coupled with determination will get your house sold faster than you expect.

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7 Practical Ways to Avoid House Repossession

Are you in danger of facing home repossession? This is a difficult thing for any homeowner to face, but it’s important not to lose hope. There are practical ways to avoid house repossession and keep your credit from being ruined. Here are a few things you can do to keep your home from being repossessed by your mortgage lender:


1. Be Prepared Ahead of Time
If repossession is imminent, this tip won’t help you, but for anyone who is trying to plan ahead on how to avoid the situation entirely it might be wise to pay attention. If you pay extra early on during your mortgage you may be able to get away with paying less than required on some payments later on if necessary. While things are good for you financially you should consider giving yourself a buffer with your mortgage loan, just in case your situation gets worse down the road.

2. Check Available Benefits
In the UK, there are certain benefits you can apply for in desperate situations. These include things like mortgage repayment insurance, which could give you the break you need while you search for money to pay to your lender. Pay close attention to the benefits you may be entitled to and what kind of limits they have, because they could mean the difference between keeping your home and losing it.

3. Seek Out Legal Advice
One of the most important things you can do to avoid repossession is to seek out the help of someone who is knowledgeable in the legal processes involved with repossessing a home. If you cannot afford this service, check for legal aid that you might be eligible for or search for free legal advice on the matter. Some free advice can be found online.

4. Contact a Property Buyer
Some companies are willing to purchase your home for a lower price and rent it back to you. While it will stop the repossession, you should be warned that there might be a serious catch in taking an action like this. You might think there will be guaranteed rent agreements involved, but that is not always the case. Be careful not to make any assumptions about your role as the tenant in this scenario. You will no longer own the property and are not entitled to any special treatment, meaning you will be subject to whatever the owner decides.

5. Sell Your Property
What’s worse: Losing your home and your credit or selling your house quickly and moving? While moving and selling your home, probably for less than it’s worth, is not an attractive option it may be your only option in desperate times. This will not only stop a repossession but will also help to save your credit score so you can buy or rent another property to replace the home you sold. Make sure you sell the home for enough money to cover the cost of the rest of the mortgage debt or else you could be stuck paying off your lender for a property you don’t own anymore.

6. Contact Your Mortgage Lender
When you start feeling pressed about your mortgage payments each month, it’s a good idea to get in touch with your lender to see what kind of advice they can give. Remember that they want you to be able to pay them back fully, so they may be willing to work with you to create a better repayment plan.

7. Don’t Ignore the Issue
Take action before you get buried in letters of arrears! Whatever you decide to do, make sure you start doing it before you get to a very desperate place. You will have a much better position to bargain from if you have been communicating with your lender throughout the entire process. Solving the issue early on could save you from a lot of worry and stress and will keep your mortgage lender from having to involve an outside entity to deal with your refusal to pay.


Home repossessions are never easy for the families involved, but before it happens there are still ways you can stop the process altogether. Taking any of these steps could be vital to keeping your home and maintaining good relations with your mortgage lender. Don’t wait until you’re buried in debt to think about repossession, take steps now to keep it from happening to you. If the lender does come knocking on your door in the future, remember that you always have options available to avoid repossession!

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