Despite more than eighteen months of considerable growth, it is fair to say that the UK housing market is no longer as buoyant as it once was. With a bubble forming and property prices having reached their ceiling in the south of the country, there is a danger that home-owners will become swamped in debt and negative equity. This provides a difficult challenge to surmount, and one that requires proactive thinking, and awareness of prevailing economic trends and a willingness to be decisive.
Selling Your Home Quickly And For A Profit
In many ways, home-owners who have defaulted on their mortgage repayments or find themselves struggling with negative equity may benefit from selling their property as quickly as possible. The newly-regulated quick house sale market provides the opportunity to achieve this, as reputable firms such as House Buyer Bureau now adhere to a strict code of conduct and can complete transactions within a matter of days. Keep the following points in mind when interacting with companies in this marketplace:
Ensure That Your Chosen Firm Is Reputable
As a starting point, it is important that your chosen service provider is reputable and recognised within the quick house sale industry. The recent development of the National Association of Home Buyers (NAPB) has established a strict code by which all reputable firms must operate, and firms that are not recognised by this body are unlikely to over a genuine or viable service. Once you have ensured that a potential company is accredited by this group, you can proceed and negotiate with them effectively.
Understand The Nature Of The Market
In addition to this, it is also crucial that you strive to understand the nature of the market as a home-owner. More specifically, while house buying firms pledge to purchase your home with a brief and predetermined period of time, the price that they pay will be discounted from the existing market value. This does not mean that you are not benefiting from a fair deal as a home-owner, but more that house buying firms are required to make a profit and allow for any improvements that they need to make.
Embrace The Art Of Negotiation
While you may be a little restricted in terms of the price that you can expect house buying companies to pay, this does not mean there is no room for negotiation when interacting with them. Your ability to communicate openly, articulate your viewpoint and negotiate directly will buyers can help to inflate your asking price, while it will also enable you to compare offers from multiple service providers.