‘How can I sell house and make some quick cash?’ That’s a question many people ask themselves when the financial pressure begins to bite. It doesn’t take much for people to need to consider home selling. For example, if you become ill and can’t bring in the usual level of income, then it’s easy to fall behind on mortgage payments.

Other people might be in financial difficulties because of relationship breakdown. Where one person is suddenly responsible for all the finances, it can be difficult to make ends meet. Still others might be buried under the increasing mountain of debt. With consumer debt in the UK at well past the £1 trillion mark, it’s hardly surprising that many people are having trouble with mortgage and credit card payments.

Finding Property Buyers
If that’s the case, then it’s time to consider calling in the property buyers. Just keep your eyes peeled for ads in the local paper or on the internet that promise ‘houses bought for cash‘ and you’ll be able to find a way to escape the cycle of debt. Here’s how it works.

The first step is to make the call and say to someone: ‘I want to sell my house.’ Once that’s done, it won’t be long till you have a completed house sale. Home selling to cash property buyers can be completed in a short time, as it’s a private sale. It’s also remarkably cost effective, as you don’t have to pay solicitor’s fees and valuation fees. The company that offers houses bought for cash takes care of all of those fees for you.

Once you’ve made the call, the property buyers will send someone round to do a valuation. This will take into account the condition of your property, as it does any time that you sell a house. The valuer will also think about the state of the property market in assessing the value of your home. Within a day or two you will get written confirmation of the valuation, as well as a cash offer.

In the case of houses bought for cash, this won’t be the full market value, but around 85 per cent of the value. However, this type of sale takes place quickly and you can avoid the pitfalls of the open market, such as property chains and gazumping.

Some people wonder: ‘Where will I live when I sell my house?’ Many people don’t realise that cash property buyers like having the houses occupied, so they offer a rent back deal. This is just what it sounds like: you sell your house to the company and rent it back from the same company. In effect, you become a tenant in your old home.

Home Selling And Rent Back Advantages
This has a lot of advantages. First of all, you get to realise much of the equity in your home. If you have been having trouble meeting mortgage payments, then the cash you take out of your home will enable you to satisfy your lenders, pay off debts and possibly have some left over for a couple of luxuries.

Second, you won’t have to leave your home. Think of it from the property buyers’ viewpoint. Is there anyone better suited to be a good tenant in a property than the former owner? With this home selling and renting back process, the property buyers can be sure that you will look after the property well and keep it in good condition.

For you, there are similar advantages. A major one is that you can clear your debts without having to leave your home. You don’t have to disrupt your life by undertaking a stressful house move, nor do you have to move your children to new schools. All you have to do is pay the rent, which will be in line with the rest of the local rental market.

The rental offer comes with the cash home selling offer. You can negotiate until the figures suit you. For example, you might want to take less equity out of the home and pay a lower monthly rent. And don’t worry, cash property buyers are looking for long term tenants, so you could remain in your home for a long time. You may even be able to buy it back when you get straight. So the next time you see an ad for ‘houses bought for cash’, don’t pass it by. It could be the answer to all your financial problems.

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