Home › News › Quick house Sale – Cracks in the Market
The Royal Institute of Chartered Surveyors have reported that the housing market is struggling with falling prices and absent buyers. Although the promise of lower property prices could entice new or first time buyers, the reality is that the prices are still out of the majority of people’s reaches - which might go some way in explaining why there are fewer buyers around. This combination means more homeowners who want to sell have to turn to the quick house sale market.
Quick House Sale Market Booms
According to the RICS, more house price drops are being recorded each month. The RICS put the figures down to the five increases in interest rates in the last year. The fact that more mortgage lenders are cracking down on their lending criteria is impacting on the number of buyers available explaining the rise in quick house sale schemes to property specialist companies.
Credit Crunch tempts more Quick House Sale Schemes
The wannabe buyers who previously could get mortgages despite bad credit histories are now finding it harder to get easy credit or mortgage applications accepted. Banks are putting on the breaks after the sub-prime disaster in the States which is feared may happen in the UK – especially after the trembling of Northern Rock. A quick house sale scheme for many homeowners is the only guaranteed way to sell their homes fast. And the increased cost of mortgages with high interest rates has put the brakes on many potential buyers who have turned to the rental market as a more affordable alternative.
Quick House Sale with Specialist Property Company
Those homeowners, who want to sell their homes fast, for whatever reason, can turn to property specialist companies set up specifically to cater for such problems such as:
• Overwhelming debt and the threat of house repossession
• If you want a quick house sale because of a bereavement
• If you want a quick house sale because of a relationship breakdown or divorce
• If you need a quick house sale because of redundancy or work problems
The combination of hiked up interest rates, the introduction of home information packs and the insecurity in the financial markets which led to a tightening of lending criteria have all had huge impacts on buyers and sellers. If you need a quick house sale, you can op for a specialist property rescue company.
The Smarter Choice will buy your house for cash, at a fair price within 7 days. There are no legal or valuation fees - GUARANTEED. Contact The Smarter Choice now for a FREE evaluation, telephone: 01632 960543.