Falling property prices are indicative of an economic downturn. The longer a house is held for, the less it is likely to be worth. It is possible to arrange a sell and rent back to a property cash buyer to get that all important quick house sale.
What is A Sell And Rent Back?
It is a private house sale. A seller is offered up to 80% of market value home to secure a quick house sale. This can prevent repossession and it is then possible to rent the property from the buyer at a more affordable monthly rate.
Is 80% Of Market Value A fair Deal?
- Many estate agents over-value properties meaning that it is unlikely to sell for that price on the open market.
- Avoid estate agent fees of between 1.5% and 3.5% by finding a property cash buyer.
- There are no solicitors or survey fees as these are paid for by the cash buyer.
- If it does take many months to sell in the current market, the price could fall substantially.
- If a repossession order means that the owner stands to be removed by bailiffs next week a sell and rent back is a vastly better option.
- Nobody will know that there has been a quick house sale as there will be no boards outside.
Stop Repossession From Taking Place
If struggling to privately sell a house it is possible to stop repossession by finding a property cash buyer. A sell and rent back will stop a repossession order in it's tracks. No court will allow a family to lose a home when there is an alternative.
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