Archive for May, 2011

How cash buyers are keeping the market warm

Wednesday, May 11th, 2011

Cash buyers have come up as one of the significant parts of the property market in UK of late. There was a time when first time home buyers used to influence the market heavily. Now the power has been shifted to the cash buyers. People who can offer quick cash for home are the most sought after buyers now.

Without cash buyers UK property market would become more stagnant; first time home buyers are not much active and mortgage approval rate is still low. In March, number of mortgages for house remained few point lower than what was estimated. It is needless to mention that first time home buyers who are reliant on mortgage cannot be much active. But cash buyers can still do property deals in UK.

Cash buyers – The seller’s perspective

And if you think from the point of view of a seller who needs to sell house fast, working with cash buyers makes more sense than waiting for a buyer who need mortgage to buy the house. There is no guarantee how long it will take to get the mortgage approved or whether the bank would extend credit to this buyer or not.

You can eliminate such uncertainties by working with cash buyers. A cash buyer would offer you quick cash for your home. As soon as you agree to sell your house to the buyer, you are done. You can sell the house within 7 to 10 days even or on a preferred date.

Not only in UK, but in US also, cash property deals are becoming popular. Selling house for cash does not mean you have to put your house on auction. Absolutely no! You can sell your house online sitting at your home; you have to find out a cash buyer on the internet and see how to get in touch with them. Most cash buyers allow you to send the details using an online form. As soon as you submit the form, the process begins. By accepting their proposal you can sell the house really fast.