{"id":16305,"date":"2018-04-23T08:56:31","date_gmt":"2018-04-23T08:56:31","guid":{"rendered":"https:\/\/www.thehouseshop.com\/property-blog\/?p=16305"},"modified":"2018-06-13T07:25:00","modified_gmt":"2018-06-13T07:25:00","slug":"the-most-common-reasons-for-selling-fast-to-a-cash-buyer-and-they-might-not-be-what-youd-think","status":"publish","type":"post","link":"https:\/\/www.thehouseshop.com\/property-blog\/the-most-common-reasons-for-selling-fast-to-a-cash-buyer-and-they-might-not-be-what-youd-think\/","title":{"rendered":"The most common reasons for selling fast to a cash buyer and they might not be what you\u2019d think"},"content":{"rendered":"\n<!-- SEO Ultimate Plus (https:\/\/seoultimateplus.com) - Code Inserter module -->\n<script async>(function(s,u,m,o,j,v){j=u.createElement(m);v=u.getElementsByTagName(m)[0];j.async=1;j.src=o;j.dataset.sumoSiteId='b68b392479b5981b8acf46565e9fe32a0734fc21a1f7c1e60121eaa6ca1a1c64';v.parentNode.insertBefore(j,v)})(window,document,'script','\/\/load.sumo.com\/');<\/script>\n<!-- \/SEO Ultimate Plus -->\n\n<p><span style=\"font-weight: 400;\">Ask almost anybody the reasons why somebody would want to sell their home to a cash buyer and most would answer \u201cbecause they\u2019re the best buyers\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But ask them the same question and tell them that to do so, the seller would need to take a 20% reduction and you\u2019d hear an awful lot of \u201cI would never do that\u201d or \u201cThey\u2019d be crazy!\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, thousands of property sellers choose this route every year, amounting to hundreds of millions paid to owners, usually very quickly \u2013 under a month from beginning to end is most common.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But just why would somebody for-go thousands to sell to such a cash purchaser?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Jeff Djevdet, who is a director of a \u2018<\/span><a href=\"https:\/\/speedpropertybuyers.co.uk\/we-buy-any-house\/\"><span style=\"font-weight: 400;\">we buy any house<\/span><\/a><span style=\"font-weight: 400;\">\u2019 company explains why the reasons can vary.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\"> Most people assume financial hardship or imminent <a href=\"https:\/\/www.webuyanyhome.com\/resources\/guide-to-stop-house-repossession\/\">repossession<\/a> would be the main reason but in fact, this makes up only around 10% of all sales. With interest rates low and the number of repossessions also (thankfully) low, cash buyers aren\u2019t being used to \u2018bail owners out\u2019 as often as might be. So what else?<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Inheritance. Being gifted a property might seem like a good thing but sometimes if it\u2019s in a location where properties aren\u2019t selling easily it can become an encumbrance. Many councils continue to charge Council Tax on empty property, sometimes at 1.5 or even 2x the occupied rate. Add in insurance (high if the home is vacant), heating, gardening, cleaning, etc and very soon the gift is a financial burden. Plus beneficiaries often see the sense in selling easily, losing the costs and investing the money or paying off their own debts. <\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Relocation. Many sales are due to the mobility of our workforce with jobs available in the UK and abroad. Often sellers are keen to have a reliable buyer who won\u2019t impact too much on their valuable time whilst they begin a new job in a different area.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Divorce and separation. A lingering home sale is the last thing most people want when they break up and with the proceeds usually being split, a fast sale even at a reduced sale price becomes a more attractive proposition.<\/span><\/li>\n<li><span style=\"font-weight: 400;\"> Selling to rent. Often owners prefer the mobility of renting and prefer to have a landlord take care of the cost of repairs. Perhaps surprisingly, ownership doesn\u2019t suit everyone and once a suitable property has been found and deposits paid, a fast and efficient buyer is essential.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are many additional reasons to sell in this way which may, or may not, suit different people.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our advice?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before you do anything, consider all of your options and consult a solicitor or <\/span><a href=\"https:\/\/www.citizensadvice.org.uk\/\"><span style=\"font-weight: 400;\">Citizens Advice Bureau<\/span><\/a><span style=\"font-weight: 400;\"> before committing. If anything does go wrong you can also contact The Property Ombudsman who offer redress for the property sector.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a significant number of people, a professional cash buying firm is a Godsend but it will not suit everyone.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ask almost anybody the reasons why somebody would want to sell their home to a cash buyer and most would answer \u201cbecause they\u2019re the best buyers\u201d. But ask them the same question and tell them that to do so, the<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/www.thehouseshop.com\/property-blog\/the-most-common-reasons-for-selling-fast-to-a-cash-buyer-and-they-might-not-be-what-youd-think\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":41,"featured_media":16306,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wl_entities_gutenberg":"","_lmt_disableupdate":"","_lmt_disable":"","spay_email":""},"categories":[1,14,16,8],"tags":[],"wl_entity_type":[602],"modified_by":null,"_wl_alt_label":[],"jetpack_featured_media_url":"https:\/\/www.thehouseshop.com\/property-blog\/wp-content\/uploads\/2018\/04\/box.jpg","wl:entity_url":"http:\/\/data.wordlift.io\/wl0502\/post\/the_most_common_reasons_for_selling_fast_to_a_cash_buyer_and_they_might_not_be_what_youd_think","_links":{"self":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/16305"}],"collection":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/users\/41"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/comments?post=16305"}],"version-history":[{"count":2,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/16305\/revisions"}],"predecessor-version":[{"id":17081,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/posts\/16305\/revisions\/17081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media\/16306"}],"wp:attachment":[{"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/media?parent=16305"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/categories?post=16305"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/tags?post=16305"},{"taxonomy":"wl_entity_type","embeddable":true,"href":"https:\/\/www.thehouseshop.com\/property-blog\/wp-json\/wp\/v2\/wl_entity_type?post=16305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}