People take life easy. Huge spending against shopping, cosmetic surgeries, worldwide vacations and other comforts get them into debts. Desires and needs never end but it is necessary to put some limitations on your daily life demands including going on holidays to house improvements and more.
Credit card starts soaring and leads to debts getting accumulated speedily, which is hard to pay off with the limited income. In the case of job loss or disability or expensive divorce proceedings, you can fail in paying the mortgages or loans.
What are other options? Why select cash based house sales?
Your house is a place of worship, where you feel safe. Many memories get built, which cannot be priced. If you had an option you would not sell but being snowed under financial issues it becomes a MUST to sell it rapidly.
However, there are schemes like consolidation loan, individual voluntary arrangements, re-mortgage, and bankruptcy to consider. However, the processes of loan approvals are lengthy and bankruptcy is the last retort. To avoid repossession tragedy, it becomes necessary to consider selling your house to Property Cash Buyer Company.
Many property agencies offer cash schemes, where you sell them the house and have it rented back. In short, from a house owner you become a tenant of the same house. This is a good opportunity for people, whose other options are exhausted.
Cash-based house sales transactions are completed within days. In addition, the property cash buyer handles the legal fees, all the paperwork, and you remain hassle-free. If you opt to stay as a tenant in the same house then the issue of finding an appropriate domicile and neighbourhood gets eliminated from the equation.
How selling house quickly works?
Get free quote
Visit fairhomeoffers.net and request an estimate quote. You will need to provide basic information about your house like property type, location, number of bedrooms and more.
The property cash buyer company will send an expert for property valuation, if your house is not listed on open market. It is necessary to provide a proper cash offer for quick house sale.
Verbal offer for the house
You will be given an offer verbally and if you feel satisfied with it then move forward. You are even offered a chance to select the completion date. If you are not satisfied with renegotiations then you are free to leave.
Read the house sale contract and if you have difficulty in understanding some terms then clear it with the property cash buyer directly. If you use the sale & rent back scheme then before you sign understand the cons and its long term effect. Make sure to have minimum 5 years tenancy period as well as check entitlement benefits. You may get evicted if you fall behind rent payments or the new landlord sells it to someone else.
Legal process and payment
As soon as, the legal proceedings get completed, the mortgage balance will be redeemed from house sale proceeds. Remaining balance will be directly transferred to your bank account. The amount will be full because there are no other costs to be incurred by the seller during the sale process.
People can be forced to sell their house due to financial issues but sell & rent scheme are quick solution to eliminate repossession order.