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If you can only see a dark, debt-ridden
tunnel ahead, you may be tempted to sell your house to a genuine cash buyer
like House Buyer Bureau.
It’s impossible to switch on the news these
days without hearing another story of economic doom: rising rates, escalating
unemployment, increasing repossessions…But if you’re one of the statistics
that make up the grey cloud of bad news, there are still options available to
you. Sell house for cash schemes can provide some people with a lump sum of
cash and an opportunity to escape the chains of the property market.
Sell my House for Cash!
Selling your house for cash and leaping off
the housing ladder sounds incredibly tempting for thousands of homeowners who
feel like they’re on a treadmill of debt. But it’s important you research the
quick house sale schemes thoroughly and get objective advice. There are schemes
that offer a fair price, but of course all sell house for cash schemes will
mean you may receive less than you could achieve on the open market. The upside
is there are often no legal fees, no long month’s of waiting or stagnating
indefinitely on the property market. For some homeowners in diabolical debt,
the idea of selling a house for cash fast could mean saving money in the long
run by offering them the opportunity to pay off expensive debts quickly.
The High Cost of Mortgage Debt
Being in debt has never been so expensive.
Before the credit crunch, it was easy to get loans, remortgage or release cash
from a property to help meet cash flow problems. But the days of cheap loans
are long gone. Even first time buyers are finding it hard to get a competitive
loan or mortgage. It seems borrowers are still paying for the lenders’ mistakes
of the 90s, when they practically threw money at their customers, regardless of
the creditworthiness. And now those seeking a mortgage face an average fixed
rate of 5.18% over two years, despite base rate remaining low at 0.5%. It isn’t
surprising that more people are choosing to get off the property ladder
completely to salvage their finances until the economy begins to look
healthier.
Sell Property for Cash
But there are those who desperately need to
sell their homes quickly. Unfortunately, the majority of those do so because of
financial necessity, although some look for a quick house cash sale because of
a change of personal circumstances, such as a job relocation or emigration. And
considering the state of the UK economy, it wouldn’t be surprising if more
homeowners ditched the system and opted to backpack around the world or
downsize to a rural idyll with the cash they sell their homes for.
