The pro's and con's of selling
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If for whatever reason you require a quick house sale then it is very likely that you will end up dealing with a cash house buyer. Cash buyers can generally move quickly when it comes to property sales. This is due to the fact that they don't require a mortgage or loan to buy your house. The less people involved in the sale of your house means the quicker things can happen.
If you need to sell quickly then please consider the following:
The Pro's
" You can sell fast and move on. If a quick sale is absolutely
essential then you'll find a cash sale will do the trick.
" You are only dealing with one person or organisation.
It eliminates the need to advertise via an estate agent and
show prospective buyers around your home.
" If you are finding it difficult to sell on the open market.
" It doesn't matter if your house requires modernisation
or renovation. This wouldn't put a cash buyer off, but it would
be reflected within the sale price.
The Con's
" The major drawback is that it will cost you. Cash buyers
will generally require a discount on the OMV (open market value)
of up to 20-25% discount. This could amount to tens of thousands
of pounds you would potentially lose out on.
" There are a lot of dealers claiming to have cash funds
who don't - it is an unregulated market place. You should request
proof of purchase funds before you commit to any buyer.
In summary, a cash sale isn't the most suitable solution for
everyone, and only generally applies to those who have a property
that is un-mortgageable or when a fast sale is required. You
should carefully consider all the options you have before committing
to sell.
This article was provided by Ask-Susan
- a reputable cash buyer operating via a nationwide network
of fast house buyers.
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