House Buyer Bureau Blog
Taking care of your home is paramount if you wish to get the right price when the time comes to sell. You might have heard of a few ways in which to add value to your home but how can you be sure that you don’t do the opposite? Could you be devaluing your home without realising? The truth is, many homeowners devalue their homes simply by living their lives. Here are a few things to avoid if you want your home to increase in value.
Leaving your Home Vacant
Leaving your home vacant from prolonged periods of time can have a number of negative effects of the value of your home. If your home is empty for a number of weeks, it can attract unwanted attention from thieves and vandals. If you do have to leave your home unattended, try to have a relative or a friend visit from time to time to check on the property.
We all like to save money on home refurbishments but choosing a cheaper service or having family and friends help out with odd jobs could actually cost you in the long run. Taking on DIY jobs around the house yourself may save you a pretty penny at the time but it may come back to haunt you. It is always advisable to leave any repairs and refurbishments to the professionals.
Daring to be Different
If you watch any of the popular property shows, they always advise on decorating your home in neutral colours. Presenting potential buyers with a blank canvas in this way allows them to imagine what the home could look like if they chose to put their own stamp on it. However, if you have decided to choose dramatically different decorating in certain rooms this could put buyers off and mean fewer offers on your home.
Take the Hassle Free Path to Selling your Home
Probably one of the most appealing things about going through a property purchasing company is that the whole experience from start to finish is speedy and hassle free.
It is no wonder with the state of the current property market that more and more people are searching for alternative methods to sell their homes quickly and easily. Home buying companies give the potential vendor this option. We buy houses regardless of the condition. Find out how we can take the hassle out of selling your home today.
Would selling your home sooner be the answer to your financial difficulties? Then House Buyer Bureau could be the company for you.
Selling homes with House Buyer Bureau
When selling your home the conventional ways through an estate agent or property auctioneers, any number of hassles are inevitable, such as intrusive viewings, a timely turnaround and not to mention an estate agents commission. House Buyer Bureau specialise in eradicating these hurdles in order to create a swift and pain free selling of your home. Selling homes can be a stressful event but House Buyer Bureau concentrate on treating every customer as an individual so they get the service they require when selling their home.
How to sell homes with House Buyer Bureau
Sometimes the only option to alleviate financial pressures is through the selling of your home and avoiding the risks associated with property auctioneers. House Buyer Bureau specialise in selling homes in order for their clients to become financially stable. Difficult financial situations that House Buyer Bureau has helped their clients sell homes include:
- Debt and repossession
- Bereavement or illness
- Releasing equity from their homes
Ways House Buyer Bureau can help sell homes
House Buyer Bureau enables you to solve your financial difficulties and remain in your family home with their home sale solutions. If you are in need of a fast house sale turn around then you could sell your home within a week with House Buyer Bureau.
Selling your home with House Buyer Bureau offers a variety of benefits including:
- Avoiding expensive equity release schemes as all charges are made apparent from the start
- Clients can release cash from their home
- Clients are able to alleviate financial pressures such as the threat of repossession by selling their homes
To find out more about selling your home without resorting to property auctioneers, contact us today.
House Selling Prices and the Great Property Divide
When it comes to house selling prices, it is fair to say that there is somewhat of a divide. Property prices in the capital and indeed the South East are continuing to flourish in some cases by as much as 6.3% on last year. In contrast, places such as the North West, Yorkshire and the Humber saw falls in property pricing down 1.9% on the same period.
Two Speed Market
Some of the reasons for this could be because of the ‘two speed’ market. Experts suggest that the UK property market has two speeds. On the one hand, we have buyers who are equity-rich and are piling into the market in order to take advantage of tantalisingly low housing prices in some areas. However, in complete contrast, the first time buyer market has stagnated as those people are finding it more and more difficult to secure mortgages.
In addition to this, the higher price rises in the South and the capital are being buoyed by wealthy buyers who are purchasing property before the new tax band of 7% kicks in. This was imposed on properties over £2 million by the Chancellor in the last budget.
The majority of the top end sales took place in and around the capital where wealthy overseas buyers have shown a strong interest. On the flip side, according to 'This Is Money' a leading financial website, house sales in the £150,000 -£200,000 price bracket were down as much as 25% on the previous year. In essence, if you are looking to sell your house and your house selling price remains somewhere between the one hundred and fifty and two hundred thousand mark, then you could be facing a lengthy wait.
This isn't so much of a problem if you are in no hurry to sell and are happy to simply ride the housing market storm. However, for some people who need to sell quickly this simply isn't an option and as a result, this stagnation is extremely problematic. Short of lowering the price to below market value which may or may not be a feasible option, what can you do?
Property Purchasing Companies
More and more people are turning to property purchasing companies who will buy your house. They offer the vendor a quick and speedy way of selling their property with no strings attached. Some companies are truly cash buyers which means that there is no fragile chain attached to your property and in some cases your sale can be completed in as little as one week. This is great for anyone who needs to sell before a deadline such as those looking to emigrate or relocate.
It doesn't look like the stagnating property housing market is going to abate any time soon but if you cannot afford to slash your house selling prices and time is against you, then you may want to consider other options.
Selling Your Own House
For whatever reason when it comes to selling your house you may have decided to forgo the conventional route and sell your own house. There are some benefits to doing this.
This is undoubtedly one of the main benefits of selling a house without question. An estate agent obviously has to do some legwork, such as promote your house, find buyers and oversee the selling process and clearly, they aren't going to do this for nothing. As a result they generally charge anywhere between 1-2% with the average being around 1.75% and on a £200,000 house this is a lot of money in anyone’s books so to save this money by not using the services of an estate agent is a huge draw.
The other thing that is great about selling your own property is that you are in control of the situation. You decide when you want to have buyers around to look at your home. This means no more keeping the house spotlessly clean just in case the agent may turn up on the off chance.
They say that moving house is one of the most stressful moments in anybody’s life and this is mainly because in many instances the vendor didn't have complete control over the situation. In this case you have done all the marketing and advertising and therefore you cannot blame anyone else for not doing enough to sell your property. In addition to this, you will be speaking to all the buyers face to face so you will understand just how interested they will be and instead are not likely to be kept in the dark, which can be extremely frustrating.
If anyone can sell your home it is the vendor themselves. You know about the neighbourhood, the schools and important stuff like the council tax band. You can also answer truthful questions like heating costs and utility bills, which is what potential buyers want to know.
If you are seriously looking into whether or not to sell your own house privately then you may want to look at the many alternatives on offer including the many house buying companies online.
Selling your Home without an Estate Agent
Using the tried and tested method of an estate agent to sell your house can be a pretty costly business but is it really possible to sell your house without an estate agent?
When a vendor decides to not use an estate agent, they are in effect managing the overall sale of the property themselves. This means getting the property noticed, getting potential buyers through the door, managing the negotiation and sale process and all the legal stuff that goes along with a property sale. This is a lot to take on but it can be done if you are organised.
Evaluating your Property
One of the main things that an estate agent does is to place an evaluation on your property and getting this right will be dependent on whether you sell quickly or indeed at all. There are websites such as ‘Up my Street’ and ‘Zoopla’ which will give you a price based on other similar houses in your area. Estate agents can also offer free no obligation quotes, so it may be worth contacting a couple of them in your area to take a look. Using these methods, you should have a realistic evaluation price.
We take for granted when we use an estate agent that they will get potential buyers through the door. However as we are deciding to go estate agent free we have to do our own advertising but where do you advertise and more importantly is it costly? The answer is that there are plenty of places that you can advertise your property and it doesn’t have to be costly at all. For instance, there is several property selling websites that allow you to list your property for free. Alternatively, you can put up your own board in your front garden. This is ideal if you get a lot of passing traffic. In addition, for a small fee you can advertise in your local paper. All these things are cost effective ways of advertising your property.
If your advertising methods have been successful, then you should get some interest. It is advisable to have a diary to hand and arrange viewings. You may want to arrange a group viewing/open house type policy between certain times. This is a more informal way of viewing and the potential buyer will not feel under as much pressure. Alternatively, if you prefer to give your clientele a little more one on one service then show them round individually at a time to suit you.
This is probably the hardest part of selling your house without an estate agent but as long as you are clear about your figures and know the bottom figure that you will go to, then keep a clear head and go for it.
Bring a Solicitor on Board
Finally, if you have managed to secure a sale then it is advisable at this point that you bring a solicitor. They should deal with the contracts and all the other legal issues that have to be dealt with.
As you can see, selling your house without an estate agent doesn't have to be hard provided that you are organised, are able to prioritise and know what you are doing. Alternatively, you can put all of this responsibility in the hands of a home buying company.
Renting VS Buying - Is It A Lifestyle Choice or Is It The Only Choice?
The overall effect of renting VS buying means that professional home buying companies are thriving in these times of stagnating property markets.
If you had asked this question a decade ago the answer might have been that renting was probably a lifestyle choice for many. However back to the present day, and there is a seriously good chance that people are renting out of necessity. One of the main reasons for this is that obtaining a mortgage is not only difficult it is also very costly.
The success or failure of the property market is always buoyed by the amount of first time buyers there are as they tend to be the life blood of the property market. Mortgage lenders are understandably having to be extremely cautious about who they lend money to. However, it does make it difficult for younger people to secure a mortgage. This is mirrored by the fact that there were fewer than 45,000 mortgages approved last month (June 2012) when at the peak of the housing boom this figure was something like 136,000. When you add to this that 100% or even 90% mortgages are a thing of the past and a 25% deposit is generally the minimum needed, this is why many people rent.
More people in rented accommodation have a knock on effect for those looking to sell their houses. Clearly, there aren't the number of buyers out there and as a result, for those looking to sell, they face stiff competition from others wanting to snap up the handful of buyers that are around. For those people who simply have to sell for whatever reason, it could mean that they either have to price their property at a figure that is below that of market value, or their property could face being on the market for months without getting even a sniff of a buyer.
For this reason, many vendors are turning to property purchasing companies. Many offer a “we buy any house” policy and this suits many vendors who are looking to sell quickly. It could be because of relocation, divorce, bereavement or simply to release equity, but whatever the reason, a professional house buying company can help.
Clearly as more and more young people are choosing to rent, the knock on effect of this is only adding to the already stagnating property market. If a vendor needs to sell your house quickly professional home buying companies are offering a hassle free and convenient alternative.
Although this option may not suit every situation, if you do need to sell quickly, then it may be the perfect solution. For this reason property purchasing companies can help.
How can Property Purchasing Companies Benefit You?
It is fair to say that property purchasing companies are becoming more and more popular for those people wanting to sell a house fast. Ever since the recession kicked in, house prices have been falling and this means that buyers (especially first time buyers) have a plethora of properties to choose from and can in many instances afford to be very picky. Because of this, vendors have to drop their prices to a seriously competitive figure, which may not be cost effective. Alternatively, they risk having the property stay on the market for months. This is fine for those who are not in a hurry to sell and are prepared to wait for that illusive buyer to come along. However, for those who are in a hurry to sell this presents a real problem.
So How Can They Help?
In the past, property purchasing companies have come up against groups of people including traditional estate agents who suggest that companies such as these play on the desperation of people who really need to sell their homes quickly and as a result, will buy their house for peanuts. In actual fact, whilst this may be true of a small amount of companies, the reality is that for the majority of professional property purchasing companies, the truth is far from this.
The Best Possible Price
Reputable companies will seek to give the best possible price for your house and evaluations are always based on the advice given by local estate agents and a member of the Royal Institute of Chartered Surveyors (RICS). This means that the figure given has been well researched and pertains to the local market.
They Can Offer a Quick Sale
Many property buying companies are cash buyers. This means that they do not have to acquire loans themselves. Consequently in many instances house sales can be completed in as little as one week if needs be. This is great news for those seeking a quick sale. It could be that a person is relocating or emigrating and already has a job lined up with a start date. Alternatively other instances where a quick sale is needed might be where someone who is going through a divorce, a family bereavement where the house is part of the estate, a cessation of a repossession order, or simply someone who needs to release the equity in a property quickly.
House prices have fallen due to a lack of potential buyers in the market, making it harder for sellers to get the price they are looking for. National homebuyers are helping homeowners to sell their homes fast.
Uncertainty with the economy has led to a further fall in house prices as sellers outweigh market buyers. Homeowners are finding it increasingly difficult to sell their homes quickly and for the price they want. As a result, more and more people are turning to national homebuyers in an attempt to sell up sooner for a price that reflects the value of their home.
Homeowners Hit Hard
Growing concern over the future of Europe and the UK economy has led to a reduction in buyers as people hang onto their money and choose to invest it in other areas. The number of new buyers registering with estate agents has fallen as the number of houses put on the market has increased, leading to increasing difficulties for homeowners trying to sell up.
Difficult to Sell Properties
Many homeowners are desperate to sell as they face economic hardships such as unemployment and mounting debt. The introduction of stamp duty on homes worth more than £2 million has led to many properties becoming practically unsaleable. New homes also to a hit with the sales of new builds falling to a 5 month low in the midst of a growing housing crisis.
Industry experts are blaming a weaker job markets and the economy for the fall in house sales. Simon Rubinsohn, RICS chief economist, said: "It is unlikely that we will see any real movement until purchasing a property is more affordable and accessible for the likes of first time buyers."
House Buyer Bureau - National Home Buyers
Luckily national homebuyers are stepping in to take properties off the hands of homeowners keen to sell and downsize, which could help boost property sales. For those desperate to sell their homes and release vital funds, national homebuyers can organise completions in as little as 7 days. With no fees to pay and a cash price based on a RICs survey, homeowners can sell their homes fast and free up the money they desperately need. If you want to know how much you could get for your home, receive a hassle-free quote online today.
More people are asking ‘how can I get quick cash for my property?’ after the recession’s heavy impact on personal finances and investment property buyers.
The recession is not over. Some financial experts believe it will rumble on for at least another seven years. And gloomily, the Organisation for Economic Co-operation and Development has said the global recession could cost 25 million people their jobs. It’s going to be hard for some homeowners to hold onto their homes as they struggle to keep up with mortgage repayments. The fall in investment property buyers is making it harder for homeowners to sell up and release the funds they need to downsize or pay off debt.
Can you take the Financial Hit?
For those with substantial savings and investments, they can probably take the financial hit, sit tight and wait. But some homeowners won’t, and don’t, have the resources to avoid the repossession risk. It’s these people who may be turning to fast house sale companies asking, ‘can I get quick cash for my property?’ In fact, a report from the BBC says that the average household has so far lost £31,000 as a result of the recession, which is a figure many of us simply can’t afford. Investment property buyers have lost money on their own investments which has slowed up their purchases of further homes.
Can I Get Quick Cash for My Property?
The falling house prices account for the biggest fall in the nation’s wealth. Other factors include redundancies, pay cuts and rising unemployment. In 2008, it’s been predicted by the Halifax bank that a whopping £815bn has been knocked off the wealth of households. In conjunction with the drop in property value, there has been a rise in mortgage debts that has seen housing equity take a huge hit. Likewise, savings, pensions and investments have dropped by 9% as money becomes tight for investment property buyers.
Do you need to Cash in Your Home?
It’s not surprising that those who were already struggling financially before the credit crunch now find themselves in serious debt. Selling their homes using fast house sale schemes are often a last resort to get out of a tight fix – such as repossession. And the news that the recession could continue to make itself felt for years to come, with rising unemployment, can only lead more desperate homeowners asking the question: How can I get quick cash for my property?
Most homeowners don’t need to worry about lowering house prices because most home owners live in their homes and have no need to cash them in for money. It’s only those who are planning to move abroad, who want to downsize or move to a cheaper location, or those who have experienced pay cuts or financial difficulties that are at risk.
Do you need to get quick cash for your property?
House Buyer Bureau can give you advice on how to get cash for property. Contact us today for more information.
For many homeowners in the UK, a sell house fast scheme is crucial to stop repossession, but some experts say there are areas where homes are 'recession proof'.
Sell house fast schemes have never been in such demand. A number of factors have conspired to urge more homeowners into seeking out property buyers who specialise in organising houses bought for cash.
- Falling property prices – sell house fast scheme appeal to people who realise their properties are not the investments they hoped them to be.
- The negative equity risk: a percentage of homeowners are at risk of negative equity, especially if they took out 100% mortgages in recent years.
- Houses bought for cash could appeal to homeowners struggling with high personal debts that are becoming too unmanageable to control.
- The sell house fast schemes appeal to those who need to move fast because of a job relocation or relationship breakdown but are struggling to sell quickly on the open market.
Houses Bought for Cash as Buyers Dry Up
Sell house fast schemes are the only way out for some homeowners who are desperate for a fast house sale. Buyers are drying up as lenders tighten their criteria and mortgage agreements are turned down. Banks and building societies are being more careful during the credit crunch, taking steps to safeguard their profits. They're no longer offering 100% buyers, which has impacted on the number of first-time buyers. It is predicted house buying could reduce by 40%, which means more properties will be stagnating on the property market for longer. Those in debt, facing repossession or simply need to move quickly because they're emigrating abroad or moving to a new job, are turning to companies that specialise in houses bought for cash.
House Prices – Rises and Drops
But there are some areas in the UK that have been dubbed as 'recession proof' – areas where house prices continue to rise despite the overall downward spiral. According to the Times newspaper, the top recession proof areas where homeowners are least likely to be looking for sell house fast schemes include:
- Oxfordshire up 12.3%
- Hertfordshire up 11.7
- Isle of Wight up 9.7
- Berkshire up 9.5 per cent
- Buckinghamshire up 8.4 per cent
To find out more about houses bought for cash, contact House Buyer Bureau today.
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