subject: How To Get A Guaranteed Home Sale [print this page] There are numerous reasons why you may wish to sell property. Your family might have grown up and flown the nest so your family home may be too large. You might be extending your family and need a larger property. You could be faced with losing your home due to falling into mortgage arrears or be worried about repossession if you have lost your job. These are just a few of the many reasons and there are many more.
The problem with selling on the housing market
When wanting to sell a property there are many factors to bear in mind. Your home is on the open market waiting for a flood of buyers; however, you do not know anything about the potential buyers, if you get any interest. A buyer may already own property that they have to sell, and if their sale back fires they may let you down if the chain breaks. It could even be many months before you get any interest and you may even have to drop the asking price considerably, or even fail to sell at all. If you want a guaranteed sale of your property then you may wish to look elsewhere.
Getting a guaranteed sale
There really is only one way of obtaining a guaranteed sale of your property, and that is to sell to a company acting as buyers now, who are willing to wait for the housing market to recover. There are of course many benefits to selling this way:
* You do not have the worry of "if" you will sell, as you know you can sell;
* You are typically offered the full price of the property or more;
* Once an agreement has been reached you do not have the worry of mortgage repayments as they are taken over;
* You do not have to lower the asking price for the property in order to obtain interest;
* You do not have to pay out fees for a solicitor or an estate agent.
How can companies guarantee a sale?
Companies offering to purchase your property for a guaranteed sale are investors who will buy the property at the market value of today and then sell when house prices rise, making a profit. In short, they exchange contracts on the property now and then complete the sale at a point in the future that has been agreed on. This process is called exchange with delayed completion and from signing the contract, you cease paying mortgage repayments as they are taken over by the company and you get your competition money at the agreed time in the future.
In short, a guaranteed sale this way may be the ideal solution for anyone who wants peace of mind at a time when buyers are very rare. To summarise you get a sale that will not fall through, you get cash for your home in a timescale to suit you, there are no solicitors or estate agent fees to pay and you may get the full value of your home.
