There are many reasons why a homeowner might seek a fast property sale. These include: mortgage payment in arrears; relocation; emigration; bereavement; ill health, separation/divorce; and fear of a broken property chain. Whichever you reason, there are now many property investors who are looking to purchase properties for a good price. Many of them are cashed up and ready to buy at very short notice. In fact, in some cases, the sale can be completed within seven days, which is great news if the bailiffs are knocking at your door or if you have experienced a broken property chain and risk losing your dream home. In either case, a quick call to a property investor can result in a cash sale and a celebration. If you are planning to move overseas, a fast sale would be a great way to guarantee funds to finance your move. It can also be very handy for the elderly who are waiting for a place at a nursing home. Property investors are usually very flexible with completion dates and can often arrange for a settlement that will take place when you need it. Typically, an investor will purchase your property for between 75% and 90% of the market value. This is comparable to what you would receive from a sale by estate agent after your house has been on the market for 6+ weeks. Add to this the fact that you will not have to pay the agent, and you have a good deal. Property investors who seek these kinds of deals do not usually charge for their services and in many cases, they will also cover the cost of valuation and legal fees. Many investors will also pay solicitors’ fees and cover the cost of a valuation. Some work directly with valuers and solicitors who are able to move quickly to ensure that a solution is found in the fastest possible time. Most do not charge service fees. A quick call to one of these investors is often all that is needed to organize a fast property sale. Typically, homeowners are visited by a company representative who will endeavour to find a win/win solution. Some offer a sell and rent-back option and/or a sell and buy-back option for those who are facing repossession. For others, a long completion date may be the best solution. While homeowners are warned to shop around, there are some high-integrity operators out there who have a genuine desire to help people, and their businesses are thriving.
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