Posts Tagged ‘cash buyers’

Things to do once your house is repossessed

Wednesday, April 25th, 2012

Your responsibilities do not end once your lender repossesses your house; until the house is sold you are liable for the interest. If the house is sold for lesser price than what you owe on it, you have to pay the shortfall. Your lenders have 12 years to claim the amount from you.

On the other hand, if the house is sold for a high price then after clearing all the dues, estate agent’s fees, legal fees etc. the surplus amount will be forwarded to you. Hence, it will not be the right decision to sit idle and let your lender do anything with the house. All the lenders have a tendency to get as much as they can quickly. So they might settle for quick cash and might not do whatever they can to get the best price.

You should know that the Council of Mortgage Lenders have set certain rules; all the lenders have to follow these codes otherwise they cannot claim any amount from you after the repossessed property is sold. You have to know the code so that you can understand if the lender has the rights to chase you for the debt or not.

  • Date of the deed
  • Address and a brief description of the property
  • Details of the vendor which must contain the name and address
  • Details of the buyer which must contain the name and address
  • Selling price
  • Mode of sale – public auction or private sale
  • On which date the sale was completed

Lenders try to sell properties quickly; there is a chance that the property would be sold for lesser amount than the market standard. To ensure that the house gets sold for the right value you have to take some steps; here are the things that you have to do:

  • While leaving the house before repossession, make sure it is in good shape. Do not make it untidy; make sure it is clean and looking good.
  • Get the house surveyed by two evaluators; OR get quotes from two independent estate agents before leaving.
  • Talk to your lender and ask which estate agent is going to handle the property; if you think that the agent is not a good fit you can inform that to your lender. A local agent can help sell the house faster and for better price.
  • Make sure that the agent is doing everything to sell the house – there has to be a ‘For Sale’ board in front of the house to attract local buyers. The property must be listed with online property listing portals.
  • If you still believe that the house has been sold for too low price than what was expected send your opinion to the lender in writing.

However, when the property market is low getting good price for house might be difficult. Cash buyers can offer quick sale if you offer a small discount. Lenders are also showing interest to sell repossessed houses to the cash buyers these days.

Looking to Cash in on your house? Contact Cash Buyers

Saturday, April 14th, 2012

Are you looking to get the best deal for your house? Read on, the following information is really helpful and would enable you to sell your faster.

Cash buyers pay cash up front, this saves a lot of time and effort. The process of selling a house is too intricate for some people; cash buyers look into everything and make this complicated process uncomplicated.

The problem is there are a lot of sellers who advertise about their property and this enables them to find buyers but most of them turn out to be amateur buyers, these amateur buyers end up wasting a lot of precious time of the seller and the whole experience becomes a very frustrating one. Instead of following this complicated procedure it is so much easier to approach cash buyers, they are very entertaining because they mean business and they do not waste anyone’s time.

There are a host of benefits should a seller approach cash buyers to sell their property, there is hardly any legal fees involved which is obviously great news for sellers, who would want to pay extra when it is completely unnecessary?

Cash buyers do not charge a commission, and the most important point is there is no hidden fee. There is complete transparency and this is not it, there are several more advantages.

There is absolutely no need to refurbish your house, refurbishing usually costs a lot of money and the return may not match the expectations of the seller. What are you waiting for? Pick up the phone to get started.

 

Looking for a quick sale? Talk to the cash buyers for homes

Monday, April 9th, 2012

A quick property sale can save both time and money; let’s see how you can find potential buyers and how you can sell your property quickly and privately.

  • Cash Buyers: Cash buyers in the UK have gained increased popularity, they do deals much quicker than anyone else and they are completely genuine and honest. Cash buyers pay liquid cash for properties and it is always advisable to get in touch with a cash buyer.
  • Property agents: Property agents can help a great deal, they can find potential buyers and a quick sale can easily happen. Approaching property buyers has always helped sellers and approaching them with complete trust and confidence helps even more.
  • Local Newspapers: You can advertise about your property in the daily newspapers because these newspapers are very widely read and a potential buyer may easily become interested upon seeing your advertisement.
  • Refurbish: A quick sale can happen should you invest a little in refurbishing your property, the external appearance can help attract buyers and this is a really good idea.
  • Portals: Website portals are frequently visited by buyers and posting an advertisement there will certainly help and who know a quick sale can easily happen.

To conclude it is fair to say that a property can quickly and privately be sold should you follow some of the methods described in this article. Always remember cash buyers for homes and property agents can surely help you get a good deal and most importantly they do not charge their commission and will also save you from the legal fee involved in this complicated process. Approaching them is a very good idea and it is something that you must do to sell your property quickly and privately. It is time to implement some of the ideas mentioned above.

NewBuy Plan and the Cash Buyers

Monday, March 19th, 2012

The NewBuy mortgage plan will make it easy for the individual buyers to get mortgage now. Low interest rates and less deposit make this new plan attractive – buyers can apply for the NewBuy plan only if they are going to purchase a new-build property. This mortgage plan is not applicable in the resale market.

It is needless to mention how stagnant the second hand property market will become if a large number of buyers turn towards new-build properties. Property owners that need to sell houses in emergency to overcome problems like repossession, relocation, divorce, medical problem in family and other types of financial hardship can’t wait for the market to revive. There is no guarantee when things will be perfect again. Under such circumstances only cash buyers can offer a quick sale in the UK.

Cash buyers have remained the driving force in the property market for quite a few days now; and they will remain to be the same, at least in the second market. First time buyers might take interest in new-build properties because of the new mortgage scheme, but a large number of properties will be up for sale in the second market in the coming days. People facing repossession or other similar difficulties need quick and guaranteed sale – cash buyers can be of great help for them.

There are many additional benefits of working with the cash buyers; such as:

  1. No hassle
  2. No fees, no legal fees
  3. No paper work – everything is taken care of by the buyer
  4. Customised solutions

It does not make any sense for the property owners to waste their time finding buyers on the open market. With the NewBuy plan it is now more challenging to find buyers; so talk to cash buyers in your area and get your house sold quickly.

Why You Should Work With Local Cash Buyers

Monday, February 27th, 2012
  • Quick sale
  • Hassle-free sale

These are the two reasons for people to work with the cash buyers. When you work with a cash buyer that is located miles away, probably in another city, they might not offer quick sale. Even when the cash buyer is competent and reliable they might not have the infrastructure to serve people out of their territory.

On the other hand, if you work with a local cash buyer you can get a quicker service.

  • A local cash buyer has better knowledge about the local property market and can offer you a quick quote
  • A local buyer can visit your place in case they need to view the property for valuation purpose
  • You can visit the buyer any time
  • You can collect feedback about the buyer from various local sources

So always look for local cash buyers; if you are in Liverpool, look for cash buyers in Liverpool and surrounding area. There are many professional cash buyers with strong local presence; a nationally popular cash buyer might have representatives or buyers in various regions in the country. Such buyers are good to work with.

A professional cash buyer with significant local presence can offer you the quickest deal and take care of all the legal formalities. You can get a smooth and hassle-free deal at the end of the day.

You can find local cash buyers by searching on the internet; you can also keep a close eye on local newspapers and classifieds to get to know about the popular cash buyers in your locality.

Follow the right strategy and you will be out of the risk of repossession

Thursday, February 9th, 2012

Any business plan can be successful in any market condition if you have the right strategies in place. Same holds true for the homeowners facing repossession – even when your financial condition is not in a favourable state and the property market is down you can get rid of the problem easily.

Knowing the right ways to get rid of the problem is most important here. Problems will always be there; you have to figure out the solution keeping all the perspectives in mind. Those who can do this never get into trouble in life.

How to deal with the risk of repossession

The answer depends on how far you are from repossession. Based on your financial condition and the status of the mortgage there can be different solutions.

If you are still paying your mortgage instalments but your house is in negative equity and you are afraid that you might fall behind your mortgage then you have to talk to your lender first. Your lender might offer you some easy repayment plans so that you can pay the mortgage in full.

If you are already behind your mortgage payment and your lender has started sending mails, receive all the correspondences from them and reply on time. Let them understand that you are not trying to hide – discuss your problem with them. If the rescue programme they are offering is not going to work with you ask what else you can do.

When there is no other option left but repossession, you have to look for ways to stop repossession.

So repossession does not happen in one day; you get enough time to prepare yourself. However, if the situation is so bad that no option works and repossession seems inevitable – you have to sell your house to the cash buyers and save your credit.

Fast house sale is one of the easiest ways of stopping repossession; cash buyers are professional buyers – they offer quick and easy solutions for the distressed homeowners. By working with the professional cash buyers you can sell your house in 7 to 10 days in any market condition.

How cash buyers in Bradford can save the sellers from repossession

Friday, January 6th, 2012

Do you intend selling homes or properties in Bradford, United Kingdom and are looking for cash buyers? Well, you need to proceed cautiously and systematically.

In today’s world with uncertain economic crisis, being felt the world over, Bradford, United Kingdom is no exception.

Seller’s viewpoint

Sellers are keen to sell out their homes or properties to meet their pressing financial obligations which are sometimes very acute and require immediate consideration. They find it extremely difficult to meet these obligations as there are not many prospective buyers around.

There are a range of problems which a seller could be facing. To name a few:

Repossession of property by the lenders to settle their overdue; such situations require emergent settlement.

Other emergency situations like, settling divorce settlement, family illness, moving out due to migration and relocation, buying a dream house elsewhere and score of other issues. The solution lies in finding prospective buyers which is not very easy with economic crunch all around the globe.

Who are these prospective buyers and where does one find them?

The buyers are of two major categories general buyers and cash buyers and both are not easy to find.

Cash buyers are the ones who have surplus cash with them to clinch the sale. With the strength they manage to clinch the sale on low price, sometimes well below the deal price. There are no hassles in the deal. The transactions are transparent with very little paperwork and no fuss. The quick deal is their essence. These cash buyers are preferred by sellers for they release pressure on the seller for they release pressure on the seller and he is in a position to bail him out with honours.

Local cash buyers can be of immense help when fast sale is required. If you need to sell house quickly in Bradford, look for cash buyers in Bradford.

The other buyers

These are buyers who do not have the required liquid surplus and depend on deals based on mortgage loans from the bank. They do not negotiate on higher deals. Dealing with them has lot of hassles and paperwork involved.

Such deals are time consuming and do not find favour with the seller. The sellers’ difficulties continue to mount and he is to continue to make expenses to maintain the property.

Cash buyers can help you avoid house repossession in 7 days

Thursday, December 1st, 2011

Do you need to sell your house fast? No matter what is the reason for you to look for a quick sale, you can sell the house to the cash buyers and overcome your crisis. You can get quick and guaranteed sale when you work with the cash buyers – that is the best part of them.

Let’s analyse the problems with the property market first; once you understand what is stopping people to sell the houses fast you can figure out the right way of making a fast sale.

  1. Due to recent economic turmoil a lot of people have lost their jobs; those who were paying mortgage instalments found it tough to pay the monthly payments and defaulted.
  2. To get back their money, lenders took the borrowers to court and repossessed many houses.
  3. These houses were sold for much lower price than the market rate at various property auctions.
  4. Thousands of repossessed properties were sold at property auctions for cheap rate; this pushed the property price down.
  5. Houses entered into negative equity.
  6. Unemployment problem continued to rise high; more people defaulted on their mortgage and lost their job.
  7. People were not ready to buy houses; so it was difficult to sell house quickly as nobody was ready to buy.
  8. As most of the houses were in negative equity, borrowers were not even getting what they owe to the lenders.
  9. First time buyers were not qualifying for home loans; so cases of broken chain were high too.

And these symptoms are still very much visible in the market. The only way one can avoid repossession is through a quick and assured sale. When your lender is taking you to court you do not have much time in your hand to look for buyers.

So you have to find out the buyer who can offer you quick sale; you have to get in touch with the cash buyers. A local cash buyer who has purchased many houses in your locality can help you make a quick sale.

If you are in Leicester you have to get in touch with the cash buyers in Leicester to get a quick offer. Once you contact a professional cash buyer you can sell your house in just 7 to 10 days.

Who are the cash buyers in Glasgow?

Tuesday, November 1st, 2011

Cash buyers are individuals who offer cash while purchasing properties. Cash buyers are investors; they do not buy houses to move in. Hence even when your house is not in a good condition or facing repossession in Glasgow, a professional cash buyer would agree to buy it.

Cash buyers in Glasgow and anywhere else in the country have come up as the new steering force in the property market. When first time buyers are dormant and move up buyers are not much active; only cash buyers are keeping the property market in Glasgow active. Homeowners who need to sell house fast to solve any financial crisis can rely on cash buyers for assured and fast sale.

Local cash buyers can offer the fastest property deal. When you need to sell house quick in Glasgow, you have to look for local cash buyers in Glasgow area. Similarly when you are trying to sell house in Manchester, look for cash buyers in Manchester.

There are companies that buy houses as well; if you decide to work with any such company make sure that the company is worth working with. A professional home buying company would have network in all the areas of the country.

A local buyer is likely to know all the property related matters of the area; hence they can offer you quick and hassle-free property deal. Moreover, it’s easy for you to trace whether the buyer is reputable or not if they are based in your neighbourhood.

In a nutshell, cash buyers are individuals who are ready to buy properties of any type and condition. Cash buyers are property investors and can purchase residential, tenanted, repossessed and commercial houses for quick cash.

Why sellers prefer to work with the cash buyers

Tuesday, October 11th, 2011

Cash buyers are the first choice of all property owners in the UK. Individuals and banks prefer all cash buyers over individuals, be it a first time buyer or move up buyer, when it comes to sell property. Even when cash buyers are offering a bit lower price than an individual considering the other benefits sellers are going with the cash buyers.

What is the secret? What kind of advantages cash buyers offer that first time buyers or move up buyers cannot? Let’s investigate more.

  1. Quick sale – A reliable cash property buyer would offer quick sale; you can sell the house to them in 7 to 10 days or on your preferred date. A lot of homeowners find this service to be very helpful. Those who need to sell house fast prefer to work with cash buyers because they offer fast sale. Moreover, local cash buyers can offer a faster service; if you need quick sale in Stockport, look for cash buyers in Stockport area and quicken the process.
  2. Guaranteed sale – Cash buyers never refuse to buy a house. Most of the cash buyers do not buy properties to live in; they are investors. Hence they would purchase properties of any type and condition. This is one of the main reasons for many sellers to work with local cash buyers.
  3. No hassles – Professional cash buyers offer hassle-free sale; as a seller you do not need to handle any hassle at all. The buyer takes care of all paper work and leg work relieving you from all the legal formalities.
  4. No hidden cost – A professional cash buyer would never come up with a hidden cost suddenly. Everything will be transparent from the beginning so that the sellers can prepare for the deal and have an accurate estimate.