Long recognised as one of life’s most stressful processes, moving house has earned this reputation mostly through the pain involved in selling. You’ve probably been through it yourself or at least know somebody who has: house buyers change their mind.
Issues crop up on the survey meaning that lenders or buyers decide to back out. A chain relying on fragile processes often breaks somewhere along the line. The legal processes can take months. Some people even put an offer in before they’ve secured a mortgage, only to find they don’t qualify.
It’s easy to understand why sellers are looking for an alternative. So what are the benefits if you sell your house for cash?
1. Your sale will not fall through
Reliability is an invaluable benefit of a cash house sale. With a property cash buyer, there will be no emotional involvement, just informed business decisions. Imagine selling your house free of any concern that it might fall through. With a cash house sale, you get exactly that: much less stress.
2. Your sale will be fast
Within just 24 hours of your application, you will receive an offer on your property, free of charge. You will be under no obligation whatsoever to go ahead at that stage. You will have time to think over the offer, understand the ins and outs, ask any questions you need to, and figure out whether this is the option for you. One thing is for certain: selling your house to a property cash buyer will be a lot faster than the traditional route! Selling on the open market can take months for a just straightforward sale, and often there are problems which means even more delay.
3. There are zero fees to pay
When you’re selling your house through the usual method, it can feel as though you’re liable for bills for the tiniest part of the process. Even each letter you receive from the solicitors can cost a fortune! Quite often you are selling your home with the hope of making some money, perhaps to put into your next property or to help your life and future in another way. But moving does not come cheap! When you sell your house for cash, there are no fees involved – think of all that saved money which could be spent in much more positive ways.
4. The process is trustworthy and simple
If you understand the UK house selling process, you’re in a very small club! Knowing how to navigate this minefield of legalities, steps, and loopholes largely depends upon you receiving information from solicitors and estate agents who have their own requirements to maintain. It can be very tricky to know you’re doing the right thing at the right time, and whether advice is unbiased. Yet, with a reputable property cash buying firm, a professional deals with the complexities for you. You will know what your offer is, what you’ll get, and if there’s anything you need to do.
5.You will not be affected by buyer financing issues
Borrowing is becoming increasingly difficult for buyers. With the Government introducing more stringent lending criteria, it is much more tricky for buyers to secure a mortgage. Sometimes, when seeking a mortgage, they might ascertain they can’t borrow as much money as they initially thought.
When selling your house fast to a property cash buyer, you will not be subject to these problems. Property cash buyers have reserves of money they can access once they have decided to buy, so as the money is already there, you aren’t facing the risk of your buyer not being able to cover the cost.
6. Property cash buyers can even help with ‘hard to sell’ properties
Selling your house for cash can be a real stress reliever when it comes to ‘hard to sell’ properties. This category could include something as straightforward as only having owned the property for a short time, sitting tenants, properties containing irregular construction, short leases or leases with problems in them. In cases such as these, it could take a long time to resolve the initial property issues, let alone deal with the sale through the open market. Cash buyers will transform such situations, offering you a simple solution to what could otherwise be a headache.
Cash house sales: the way forward
A common theme throughout this article is reducing worry and stress. People outside of the UK are often shocked when they hear about the trials us UK residents have to navigate when trying to sell our houses. It doesn’t have to be this way. Property cash buyers are not yet well understood in this country, so you’re a step ahead of the rest of the market! Ensure you thoroughly research a firm if you decide to go ahead with them. Once you are comfortable with a particular company, the benefits are waiting for you.