Want to Move House? What You Should Know About Quick House Sale Companies
When they want to move house, people need to sell their homes quickly and are having difficulty, they often turn to quick sale companies to take their home off their hands before calling the local removals firm. These companies will buy your home in as little as a week at a discounted price. Some companies will try to set up a sale through a third party buyer who will purchase your home at a price much lower than what it is worth.
Pros of Using a Quick House Sale Company
The main benefit of using a quick house sale company is so that you can unlock cash in a hurry. There are several reasons that a person may need cash fast.
Financial Problems: When a person has a great deal of debt to sort out, selling their home may be the only option. Because you can get the cash that you need in as little as a week, these companies are a great option.
Repossession or Foreclosure: If your home is ready to be foreclosed on, using a quick house sale company is a good option. If you sell the home, the bank cannot foreclose on it, protecting your credit rating.
Inherited Property: If you have recently inherited property from a loved one, and you want to sell, a quick house sale company can help you sell the home quickly.
Age or Health Reasons: As you get older, it can be difficult to live on your own. The same is true if you become ill. When this happens, a quick house sale company can sell the home quickly.
Divorce: Following a divorce, most couples sell the home and split the proceeds. Most people want their divorce to go through as quickly and easily as possible, making a quick house sale company a good option.
Relocation: If you are relocating for work or personal reasons, you will need to sell your home. If you have little time before you move away, a quick house sale company may be your only option. Unless you have someone around to handle the sale of the house after you have moved away, you will need to sell if fast.
Difficulty Selling Traditionally: If you are having trouble selling your house in the traditional way, with a real estate agent, a quick house sale company may be the only way you can ever get your home sold.
Cons of Using a Quick House Sale Company
While there are many good reasons to using a quick house sale company, there are also some bad reasons.
Last Minute Price Reductions: When a quick house sale company offers to buy your home, they will offer to do so at a discounted price. Some companies will lower the price even more before the sale goes through.
Fee Structure: Many quick house sale companies do not offer a clear fee structure. When this happens, you will not know exactly what you will be paid.
False Property Values: Often times, less scrupulous companies will give you a property value for your home that is much lower than it actually is.
Iron Clad Contracts: Most quick house sale companies will have you sign a contract. Many will not let you out of the contract if someone offers you a better price on your home.