subject: Houses Or Sale - Avoid Bankruptcy And Sell Your House Fast [print this page] Houses Or Sale - Avoid Bankruptcy And Sell Your House Fast
Unfortunately in life everybody gets caught in a negative situation occasionally. It is how you deal with those situations that really count.For instance you might be a successful business man who has made several investments in the past most of which have generated real profits. But suddenly you find that your property investment is working against you.Or perhaps, you are a hardworking person, who has worked for years at the same job and suddenly find yourself overcome with ill-health. To make matters worse you find that because you have been out of work for such a long time you can no longer handle your debts and you are confronted with bankruptcy.There are many different scenarios in which bankruptcy is looming and the one solid investment you do have in your home. It is at times like these that you must seriously consider selling your home to eliminate your debts and to start afresh.Yes, your close family and friends can help you but only for a limited amount of time. They have their own problems to deal with.Most people would do anything to avoid the embarrassment of going bankrupt. For one thing, your property would immediately be repossessed and secondly, it can put a negative strain on your credit record, which will be extremely difficult to clear. Therefore it is vitally important that you consider selling your property to a cash buyer instead of using the services of an estate agent. There are a lot of benefits to selling your home to a cash buyer. Firstly, all the paperwork is moved along quickly. With a speedy transaction you can hold off any of your bad creditors who would probably prefer to receive complete repayment of the debt than to take lengthy court action. Secondly cash buyers will deal with you directly and so there would not need to be numerous viewings which take time and effort. A cash buyer is usually willing to complete the sale transaction within 2 or 3 days and there are usually no solicitor's and surveyor's fees to pay. A quick house sale gives you control of funds and it is up to you which debts you pay off first. When you take the estate agent route any transaction takes time.Moreover, if you sell your house to a cash buyer, the transaction is guaranteed. It is rare that a buyer back outs, since these people are professional investors and developers who are looking for properties to develop to generate additional income. There is also no chain or third person to consider as you deal only with one person. So the real benefits are you sell your house very quickly, receive the funds directly into your account, you pay off your debts and save yourself from the having to consider bankruptcy.
