Consumer confidence has fallen sharply in the property market after Brexit, according to the Daily Mail
The ING international survey on homes and mortgages found that one-quarter of homeowners expect prices to fall in the next 12 months, while less than half were optimistic about the value of their property increasing by summer 2017.
Additionally, the Guardian cited a number of analysts who believe property prices are set to drop further, with Archer suggesting a three to five per cent decrease next year.
Rob Gardner of Nationwide believes that this is down to a ‘weakness on the supply side’, with fewer houses being placed on the market – apparently, the number of houses for sale is now at a 30 year low.
So, with prices falling and homeowners on the whole looking to hold on to their properties and ride out the Brexit fallout, what can those who desperately need to get rid of their properties do?
One option is to enlist the services of a property cash buyer.
What is a property cash buyer?
A property cash buyer can purchase your house directly (or in some instances find you a third party buyer, however they should be clear about this from the offset) much more quickly than you would be able to using the services of an estate agent. They will pay you in cash for your property, usually for a percentage less than it is worth on the market but, with prices outside the capital taking a hit after the vote to leave the EU, it may be worth selling your house fast, for a complete cash payment, now.
Here’s how a quick cash sale can benefit those in a variety of situations:
How can a quick house sale help me?
1. If you want to up sticks and move
Whether you’ve been hit financially in recent years and you’re looking to downsize, or if you’ve secured a lucrative job in the United States or Far East and you’re due to start in the coming weeks, a quick cash sale can help you get rid of your existing property in the UK. What you do with the funds – purchase a quaint little cottage by the coast or a penthouse suite in your new foreign city – is entirely up to you. You will have the cash in as quick as 7 days with our sell house fast service.
2. To avoid repossession or incurring further debts
If you’re facing having one of your properties repossessed, or if your business is struggling, a quick cash sale can release some much needed funds to keep you afloat. The property cash buying industry helps stop repossession.
3. If you have recently been divorced
Divorce can be an emotionally challenging time, and the last thing both of you need while you’re trying to get back on your feet is a prolonged experience with the local estate agent. Rather than having to compromise and work together to convince viewers to part with their money, you can simply sell your property to a cash buyer like us, gain the cash payment, split the proceeds and go your separate ways. This is a common use for the quick cash sale industry.
4. If you’ve inherited a property
A loved one leaving a property behind after death can be a blessing, but it can also be a curse – and an expensive one at that, with maintenance fees and other potential payments draining your funds. Rather than continue to keep the property in your portfolio and struggling along the way, why not let someone else take it off your hands quickly?
5. If you’re struggling to sell through an estate agent
Estate agents have a largely negative reputation in the UK. Of course, they often help people sell their homes and as part of this, they take a percentage as a fee.
The main issue with selling through an estate agency is time. If you can relate to any of the four situations outlined above, the average time to sell through this method (six to 10 weeks, according to the Telegraph might just be too long. Similarly, if you’ve had your house on the market for three months, and no amount of marketing and scrubbing has led to even so much as an offer, you might be best looking to sell down different avenues.
How do I sell my house fast?
The full impact of the Brexit vote remains to be seen and, while the news about the amount properties for sale being at a 30 year low is worrying, we believe that this is due to people being concerned about going down the traditional route of using an estate agent to sell their home.
If you want to sell your property, receive the cash payment within 7 days and retain a good percentage of its value, why not consider contacting a property cash buyer today and ask for the sell house fast service.