Eliminating Chains When Selling Your Home

One of the most disappointing occurrences you may experience when trying to sell

a property is when a chain collapses, and you, or one of the other links in that chain, have to start all over again to find another purchaser for your property. The time and financial cost required are a huge strain on the part of the vendor, and sometimes a chain permanently disintegrates because those resources are just not available. However, there is an option available for people willing to sell their property whereby it is possible to eliminate the chain altogether.

Guaranteed home sale schemes are being established for people who want to sell their homes fast, at full market value, and without the potential of a sale falling through due of no fault of their own. They are an innovative concept being introduced by property acquisition companies, which offers escape from the problems of struggling to sell in a slow property market and the worry of property values falling while interest rates may be increasing. They work on the premise that you are able to exchange contracts immediately - which you would be, if already involved in a chain - and are prepared to wait a short amount of time before receiving the equity in the property. During this period, the property acquisition company will maintain all finance payments secured against the property, leaving you without the worry of the mortgage repayments you would normally be responsible for until completion.

This is a fantastic way of selling a property that you may have acquired as an inheritance, if you are downsizing to a smaller property or if you are a couple going through a separation and you need to facilitate a quick division of assets. Guaranteed home sale schemes, in some instances, will even take over properties in negative equity, freeing the owners from monthly mortgage and secured loan repayments.

One of the biggest benefits of a guaranteed home sale scheme is that there is none of the stress associated with selling a property. No estate agents are involved, so there are no commissions to pay. There are no inconvenient times when you have to leave work to show potential buyers around your home. There is no waiting for an acceptable offer to come through when you cannot afford to lower the price of the property and, more importantly, there is no potential for the sale to dissolve due to somebody down the chain not being accepted for finance.

Overall, guaranteed home sale schemes offer a quick and effective method of selling your property at the right time, for the right price, with no chain.

by: Oliver Darraugh

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