Although property chains are very common in the house-buying process, they can often be frustratingly slow. However, the worst-case scenario is when the property chain collapses or breaks down completely. This results in the seller (and potentially the buyer) having to return to “square one” in terms of the entire transaction. This can cause problems; particularly for those who are looking to sell their home or flat quickly. Let’s look at some of the main causes of a property chain collapse as well as some potential remedies.
The process of emigrating to live in a new country often tends to throw a few problems and stresses your way. As anyone who’s moved house knows, the path of buying and selling property can be thwart with issues – and it’s even more so when you’re moving to a completely new country. If you’re having nightmares with your emigration plans, here are some ideas for ways to solve them.
When it comes to selling property, property chains are one of the biggest headaches you can face. According to research, up to one in three intended property purchases falls through, leaving buyers and sellers with no choice but to start the process again.
There are numerous reasons why property chains can break – they’re especially susceptible where chains are long and complicated with many links on the way – and it’s hard to deal with the fact that someone you don’t even know dropping out of their sale or purchase could result in you losing money, time and effort with your property plans. We’ve put together the lowdown on some of the common reasons for property chains to collapse, plus some ideas on how to avoid the dreaded property chains in the first place.
There are plenty of reasons why it’s beneficial to sell your house for cash. If you’re still sitting on the fence and unsure about taking this property selling route, here’s a guide to the top five reasons why selling for cash is a good move, both for your bank balance and your peace of mind.
1. Selling your house for cash is quick and speedy
Compared to going down the traditional route of listing your property with an estate agent, having it marketed to potential buyers, having multiple views and then, hopefully, accepting offers on it, selling your house for cash is a far speedier option. Amazingly, you could even be exchanging contracts within as little as 24 hours!
Dealing with probate properties can be a daunting task, especially when you’re unfamiliar with the process. If you’ve been left a property in someone’s will and are eventually looking to sell it, here’s a beginner’s guide to help you get to grips with what’s involved with probate properties.
What does probate mean?
Probate is the name of the legal process that you need to go through if you inherit property from someone who has died (unless you are a spouse or civil partner). The house, along with all the assets of the deceased person, have to be valued in order to validate their will.
At the end of the process, a Grant of Probate will be issued and, at that point, you’re able to sell the property if you wish. The process helps to establish the legal chain of ownership of the property and until the grant is formerly issued, the property has to remain in limbo.
Property TV shows and magazine articles often portray the life of buy to let landlords as a dream come true – running your own business, doing up properties and letting them for a high rental yield. But whilst sometimes this can certainly be the case, it’s by no means a given and is usually obtained as the result of a lot of hard work and dedication. If you’re currently a buy to let landlord, or are thinking of becoming one, then we’ve put together some of our top tips to help you survive – and hopefully, thrive – in the property investment business.
People sell properties for a vast number of reasons, but sometimes there are common threads involved in the reasons why you might need to sell your house fast. Here are five popular factors involved in this decision and a look at why the fast route can offer the best decision in certain circumstances.
1. Debt and financial issues
No-one ever plans to get into debt or face financial difficulties, but sadly sometimes these things happen. If your income has dropped unexpectedly, you’ve lost your job, are finding it hard to keep up with the cost-of-living in your current property or you’ve got lots of debts piling up, then selling your house fast can be the perfect solution.
If you put your head in the sand and try and ignore the situation, the chances are you’ll lose control over it and could end up with having your house re-possessed.
If you instead choose to tackle your debt and financial issues head on, by opting to sell your house fast, you remain in control.
Property cash buying companies have been around for a little over ten years. It is still a relatively new industry and it remains unregulated. As with most industries there is a mixed bag of participants ranging from the genuine professional companies to the rogue operators. A genuine property cash purchasing company will provide a guaranteed property purchase within mutually agreed timescales. The purchase should be hassle free, stress free and minimise inconvenience to the vendor. The agreed timescales may vary from just a few days to several months depending on the vendors requirements.
Whilst all companies market a “cash purchasing service” not all of them actually deliver the service they claim to be providing. Some will lock you into agreements to prevent you from selling your property elsewhere whilst offering no guarantee that they will buy your property. These agreements are usually called option agreements. It is important to stress that there is nothing wrong or illegal with an option agreement. They can provide a very workable solution for all parties. They are used across many different industries and are a recognised contract agreement. However, as with any legal agreement the devil is in the detail as to whether it will work for you!
The sale of my property was well managed with regular communication and advice and support provided throughout the process. The company also provided legal support through one of their panel solicitors which was professional friendly and reassuring during what was a complex sale. They are trustworthy and reliable and I would recommend this company to anyone looking to sell their property. Thank you for making this a much easier process. R. Mangal, Leyton, London, E10