Posts Tagged ‘mortgage arrears’

We live in a very fast moving society, and everything needs to be done yesterday. “I need to sell my house now, or …..!” In this period of recession, this is the cry of many people finding it hard to keep up with the mortgage payments. The name of the game is saving time and money, and everyone wants to ensure they get the best deal for their time and effort. But sometimes I may find difficulty in selling my house for various reasons, particularly if adequate preparation has not occurred.

If I want to sell my house, I will need to get good professional help to aid in the process. The reasons I have for wanting to sell my house may be many and varied, including relocation, divorce settlement, inheritance, mortgage arrears etc., and I really do not want them to be a reason why a quick house sale should not occur, rather they are a motivation. So when a potential buyer comes to view my house, I want to ensure that I have the best parts of the house highlighted.

I will try to find out what the customer is looking for, and try to marry those requirements with the features of the house. Previously I will have spent time making my house look attractive, and clutter free. This will pay dividends rather than have the children’s toys strewn all over the living room floor, or the front garden looks like a rubbish dump.

A word of warning – when I sell my house, I will budget for the cost of decoration, as this cost can run away, and become more than you want it to be, thereby eating into your profits. Of course you could use an interior designer, and finding a good one normally comes through recommendation or referral, you will want to do research in this area. You could also hire in someone to help you get the house organised. This could mean organising the bathroom, basement (if you have one), closets and cupboards, the garage, and of course the attic. In fact, many people that want to move don’t because of the job of cleaning out the attic!

I will then want to get a good photographer to get pictures of my great looking home. If I want to sell my house, taking pictures of my property will be essential for marketing purposes, especially when advertising on the internet. Nowadays many house buyers are looking to the internet for house purchases, so by taking good pictures of you house, you immediately create a good impression with the people that view you house over the internet. Generally, if buyers are not attracted by your pictures on the web, then they are unlikely to visit you property for a viewing.

Make sure that your home is free from all the pests that will devalue your house. Mice, rats, termites, dry rot, wet rot etc. will devalue your house, and you could save yourself a few thousand if you take care of the problem before a viewing. Check the plumbing, check for water leaks, and ensure that your electricity supply and wiring is good. Again, the cost of rewiring you house may be prohibitive to a new buyer, who will give a reduced offer if the wiring is faulty.

Make your house smell nice inside and out, and share the parts of the house that you love with your potential buyers. For example, if you have a beautiful garden, then schedule your viewings for the morning, before the flowers start to wilt. The process of selling your home can be a long one, but by using these tips, you give yourself the best chance of selling your house. You will have to spend some money to get your home organised and decorated, but this expenditure, if done properly, will pay you dividends in the end.

Colin Baptiste has a keen interest in property investment in the UK. Many people in today’s credit crunch are asking how do I sell my house in this current market? Visit his site and get a Free Report on how to sell my house

Author: Colin Baptiste
Article Source: EzineArticles.com
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During this credit crunch time, “I want to sell my house” is the cry of many a householder for various reasons. Whether your wanting to move to a bigger, or smaller house, if you’re relocating, or if you have mortgage arrears that are spiraling our of control, selling your house is going to be a major part of seeing your goal realized.

Having spoken with a number of estate agents and property buyers, including estate agents in London, here are the main points you want to consider when its time to sell your house:

1. Determine where you want to go. What’s you’re ultimate goal in selling the house? What will you achieve by selling the house? It always helps to write this down and have it in a prominent position in your home, so you are reminded of your goal. Determining what this goal is will also help you decide how much you need from the house sale to achieve your goal. “Sell my house for the highest price I can get ” is not really a goal because even if you get the highest price for the property, will that help you achieve your goal? How much do you really need from the sale of the house?

2. Get your house valued. This will help you determine How much you can reasonably expect from the sale of your house in the current climate. In this current “credit crunch” environment get 4 maybe even 5 estate agent valuations. This is because house values can fluctuate with each agent, so you want to get a good idea of the average price you can expect to sell at. Do your own research by talking to your neighours, either those who are selling, or those who have moved into your immediate area, and ask them what value was placed on their house.

3. Determine the right estate agent to work with. You need to work with an estate agent who is going to be proactive in selling your house. He or she will need to be looking for people who want to buy houses like yours, and this will mean you discussing your requirements with them. If the estate agent knows what you need to achieve, he can try to find buyers that meet that criteria.

4. Make your house presentable! First impressions are key to a succesful house sale. You may need to spend some money in making your house “look nice” for a potential buyer, but you should certainly make the effort in terms of “elbow grease”. This will include giving some areas a lick of paint to make areas more clean looking, decluttering flat surfaces like shelves and cupboards, and ensuring that each room has an air of spaciousness about it. Give high priority to your front garden or balcony, if you have one. Even before a prospective buyer sets foot over the threshold of you door, they will have made a buying decision based on the impression given at the front of your property. Probably the best way to prepare is to go around the house, making a list of all the things that would turn you off buying the house. Then plan for a seven to ten day clean up, dealing with all the areas that you can manage. This will make a significant improvement on your ability to sell your house, and the price that you will get for it.

5. No Offer is a silly Offer! Even if the offer is below market value, once it actually meets your own criteria in terms of what you need, then you’re a winner! Unfortunately, the market is shrinking all the time, and so are property prices with it. This means, If you know what you need from the sale of your house, and you achieve it, then you are in a better position than some who are holding out for as much as they can get, yet seeing that amount dwindle away on a daily basis.

Colin Baptiste has a keen interest in property investment in the UK. Many people in todays credit crunch are asking how do I sell my house in this current market? Visit his site and get a Free Report on selling your house

Author: Colin Baptiste
Article Source: EzineArticles.com
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Critical financial problems require urgent solutions which the more conventional equity release schemes just do not take into account. However a sell and rent back option can enable you to sell your home within only 7 days and therefore assuring you a speedy end to your financial circumstances.

Using estate agents to sell your property on the open market, especially when the housing market is static, could take months, if not years, and all the time your financial situation is worsening. The time that it takes to sell in the conventional way, or to make arrangements through other equity release schemes could mean the difference between your home being repossessed or not. Alternatively it could be the deciding factor whether your credit rating stays in tact. As anticipated, it will mean the borrower coughing up even more cash on interest and penalties, while the whole time eating into the equity that is currently available in your property.

Once your house has completed, you could still sit with the problem of not having enough funds to purchase your new home, as well as having to worry about the expenses required to relocate.

Whether you are facing an imminent repossession order or cannot meet the next mortgage or credit card payment, there are companies that can buy your house for cash within 7 days, allowing you to settle your debts before you lose your home for good or incur further debt. For example, we have the funds available at any time to allow you to sell and rentback your house and put an end to your financial misery.

Our 7 day service to sell rent back your house does not just help those with immediate financial concerns, however. If you have your eye on a dream home that you wish to purchase in cash, we can help there too. By providing you quickly with the necessary funds, you can make sure that you secure your purchase before others have a chance to beat you to it, and still stay in your current home until such time as you are ready to move in.

For those looking to emigrate, you can now have access immediately to your cash in order to secure your new house abroad whilst still living in the UK. This will not only save you on the cost of renting temporary accommodation at both ends, but also the extra funds will allow you to travel back and forth to make any necessary arrangements. Just 7 days is all it takes to rent back your house and restore your peace of mind or help your dreams come true.

1. The sell and rentback option enables you to release the equity in your home without you having to move.You might well be able to release your trapped in equity through similar schemes in the market place, however they will not give you the option to remain in your home as a long term tenant meaning you will have to leave your home immediately. There is no need to uproot your family from their home or your children from their school – you simply carry on with your life, without interruption or inconvenience, whilst having the time plan your next step.
2. The sell and rent back option represents a fast solution to financial difficulties.  The equity in your home can be released within 7 days and so could make the difference between your home being repossessed or not, or the difference of literally thousands of pounds in further interest.You will have no delays since it will be a chain free sale.
3. The sell and rent back your home option is a no brainer.Imagine a house sale without the hassle and pain associated with endless viewings from window shoppers.  All it takes is for us to assess the value of your property and make you an offer, agree the cost of your future monthly rental payments and complete the deal.  With just one week, you could have the financial freedom to be able to get on with your life without any hassle or undue expense.
4. The sell and rent back option allows you the time to plan your next move and your future.There is no need to make a rushed decision which you may later regret as you can stay in your current home for as long or short as you wish.The sell to rentback scheme provides you with the time you require to think things through.
5. If you consider a sell to rent back option, it will be very discreet.  Selling your home for cash and moving out quickly can be a surefire way to start tongues wagging and, particularly if your reasons for doing so stem from financial difficulties, this can simply add to your distress.  By remaining in your own home and moving on when you are ready, your neighbours, friends and family will be none the wiser.
6. The sell and rent back option can help to improve the quality of your life…almost instantaneously.  Whether you need the released equity to start up your own business, send a child to university, move abroad, make a cash purchase on the house of your dreams or bring security to your retirement years, the sell and rent back option lets you do so, whilst moving at your own pace.
7. The sell to rentback your property scheme allows you to lock in the profit already accumulated in your home and secure it against an unpredictable economy.  Why sit tight and watch your equity disappear down the drain when you could cash in on it now and still stay put in your own home?