16 May 9 Reasons Why Homeowners Need To Sell Their House Fast
Posted at 14:32h in House
Sometimes in life can take unexpected twists and turns, these sticky patches could force you to sell your house fast. Selling your property in the UKs property market is or can be the most stressful thing you could possibly go through if time is of the essence it’s not the best place to be. Unfortunately, the housing market doesn’t take your situation into account to make things easier.
There are many situations that prompt any homeowner to put themselves through this horrid experience. We have had a look at the property market and found 9 reason or situations why any vendor would look to sell a house quickly for a reduced price.
Once the children have flown the nest and you find yourselves rattling around a big 4-5 bed property, you might decide to downsize. It can be a very lonely place if you’re used to 5-6 people living in the property and then suddenly there are just 2 of you left. A lot of retired couples do decide to downsize and use the extra cash to move to a better location.
You could be relocating for any reason whether it’s for a new job or moving closer to family, to achieve a quick house sale could be imperative. If you are moving for a new job time will be of the essence and if the house sale isn’t completed in a reasonable timeframe could lose you your job opportunity. The quicker the property is sold the faster you can relocate and take your new job.
3. Problem Tenants
Having a problem tenant from my experience is a stressful situation to be in for any investor or by accident property owner. There are a few reasons you might be looking to evict a problem tenant whether its because they haven’t paid the rent, bad behaviour or leaving the place a pig sty. Selling the property is the quickest easiest solution although you need to inform any potential buyers about the problem tenants.
Losing a loved one is a sad and stressful time if you have been left a property in loved ones will you will have an added burden of dealing with it. This situation is usually exacerbated by having to share with other beneficiaries. Achieving a quick house sale is a massive relief in this situation because nobody wants the responsibility of pay for all the bills and spending months on the property market.
Once you are in a position to retire, you would probably want to move to warmer climates or even closer to the grandchildren. So the first job on the list is to usually sell your unwanted property, now a lot of vendors don’t want to risk the wait on the unpredictable UK property market. To sell your house fast means you can get on with enjoying your retirement and live a life of leisure in the sun.
6. Job Loss
Losing your job suddenly could have some serious consequences missing a mortgage payment and ruining your credit score is the most serious. Your new income might not cover your living expenses that your old job did. To get back on your feet the only option you might have is to sell your house fast to pay off any debt and cover all your bills. Finding somewhere more affordable is an option you should definitely look into.
Repossession is a race against time for any homeowner, as soon as the first letter lands from the mortgage company. Unless a suitable repayment schedule is agreed, proceeding for possession is imminent and can be carried out quickly. If you do get repossessed the costs involved you have to cover and any shortfall the mortgage company incurs you need to pay. So selling your property fast is and might be the only option you have to save the hassle and stresses of going down the courtt route.
8. Repair Costs
If your home is falling into a state of disrepair and you are struggling to pay for the upkeep of your home, your only option might be selling the property fast before the problems get worse and the house become unmortgageable. Going down the quick house sale route is a viable option for any vendor struggling with the upkeep of any property whether it’s your main residence or a buy to let.
9. Relationship Break Up
When you both decide to break up and go your separate ways the best thing to do is dispose of the property you own as quickly as possible to make the break up that bit more bearable. Being delayed on the property market make life that bit unbearable and to achieve a quick house sale and take a little bit less money means that you can move on faster. Selling quickly also means your separation might be that bit more amicable which eases the pressure in your already stressful life.