Posts Tagged ‘property repossession in Swindon’

Repossession Rate is Likely to Go Down

Thursday, April 28th, 2011

According to a recent article published by The Belfast Telegraph cash for homes sales touched a record number in January. The report says “A record 40% of homes that changed hands across the UK in January were bought by cash buyers.” This is a good sign; troubled homeowners at least have realised that selling house to those who do not need mortgage is easier than selling house on the open market. Sooner others understand this fact the better.

It does not mean that you cannot sell house quickly on the open market; of course you can. But you will need a luck factor – you never know how long it will take to get in touch with the right buyer who would agree to buy your house and would qualify for mortgage as well. But if you work with cash buyers, rest assured that you would be able to sell the house in 7 to 10 days.

According to the report 40% of the properties sold in January were sold to the cash buyers. It means financially distressed homeowners have started recognising the benefits of working with cash buyers. People have realised how cash buyers can help to stop repossession in UK. The rate of repossession will definitely go down in near future.

There are two types of buyers who offer cash transaction – investors who purchase properties for the sake of investment and senior citizens who have cleared their mortgage and are now planning to move a small house simply for the sake of downsizing. If your house is a small one you can target the second group also. And you can contact professional property buyers any time.

To make things faster, you should look for local buyers. If you are trying to stop property repossession in Swindon look for active property buyers in Swindon area. They can offer you a quicker and smoother service.

If more people decide to work with cash buyers, like you, repossession rate would go down certainly.