As a property owner, you’re unlikely to want to dwell on the issue of property repossessions. But in a world where finances and circumstances can change and tumble beyond our control, it’s best not to bury your head in the sand – especially if things aren’t going to plan financially. In fact, by being aware of the facts about property repossessions, you could even help save your home from being repossessed.
One of the common issues affecting house owner status is a sudden change in your personal circumstances, such as divorce or separation. If you’re unsure of what will happen to your property and mortgage if you’re getting divorced, read on to discover the facts.
Like many other areas of business, the property buying and selling world is full of special terminology and jargon. It all makes sense when you know what it all means, but if you’re still getting to grips with everything, it can be confusing. In this post we’re going back to basics and taking a look at the lowdown on property leases and what they mean to buyers and sellers.
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.
If you’re looking to sell a property, then have you considered a property part exchange? It’s a useful option if you’re looking to sell quickly and takes some of the stress and hassle out of home selling. Here’s the lowdown on the advantages of opting for part exchange.
Part exchange often gets overlooked by property sellers, but there are certain circumstances where it’s definitely worth putting it on your radar. A property part exchange comes into its own particularly when you’re looking to sell your existing home and buy a new property and don’t want to hang around for ages waiting for the perfect buyer, only to then miss out on the house of your dreams.
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.