Despite having emerged as an increasingly credible and well-regulated market since 2008, the quick house sale sector continues to suffer at the hands of malicious rumour, misconception and the actions of a few, rogue traders. Like any financial or real-estate market, however, it is continuing to evolve for the good of consumers and stricken home-owners throughout the UK.
Having recently read an excellent article that offered insight into the true nature of the quick house sale market, I decided there were some pertinent points that needed addressing. These included the diverse and often overlooked benefits of partnering with firms within the sector, especially in the modern age and with the threat of another global recession looming large.
During the depths of the great recession, the British housing market became gripped by a sell house fast culture after thousands of home-owners were left encumbered with a depreciating asset. Stricken by negative equity and mortgage repayments that they could not hope to maintain, citizens turned to reputable quick house sale firms as a way of offloading their property as a way of avoiding repossession.
As you would expect from a new market, there were some initial teething problems. Some home-owners made reports of rogue operators, for example, which allegedly reduced the sale price after a deal had been agreed in principle. Critics also pointed to the fact that firms within the sector would buy property for price that was below mortgage value, and while this trend remains it should be viewed in the framework of the deal as a whole.
Reputable and regulated quick house sale firms will place a fair valuation on your home, and one which takes into account various factors including the method of purchase, the time taken to complete and the properties potential resale value. So while this is usually below the existing market value, home-owners can console themselves with a quick cash sale that eases many of their many monetary burdens. The terms of this deal also minimize additional costs associated with selling a property, while enabling firms to make a profit on the house at the same time.
With all reputable firms now certified to operate within a tightly regulated marketplace, it is important to consider the quick house sale market in its true context. Essentially it offers a viable service to home-owners in a variety of circumstances, whether they are struggling to repay their mortgage, need to quickly relocate for work or have purchased the property as a rental home and need to release their capital.
The key as a vendor is to research the market and your choice of reputable firm, while balancing this against your own circumstances to make an informed decision. There are pros and cons to any marketplace or service, so you must assume responsibility as a home-owner to make sure that the quick house sale sector is suitable for you at any given time. If you’re looking to buy a house and need a adverse credit mortgage there are many options you can take.
Get Me My Mortgage has a network of mortgage brokers for clients in less than standard financial circumstances.
