If you are a Landlord there may be a time when you need to consider selling a property with tenants. While the house sale process can be challenging at the best of times. It can be even more difficult if you have tenants currently renting the property. So, what are some of the rules about selling a property with tenants? Let’s take a look at a handful of regulations and concerns that you should always take into account.
There is no doubt that we are living in rather troubled economic times. Now that the Brexit vote has been passed, many London property owners are wondering if the economy is soon to enter into bearish territory. In fact, firms such as Hermes Investment believe that we have already entered into this environment. Assuming that this is the case (or that a bear market is just around the corner), what are some ways you could speed up any home sale? Let us take a look at some top house selling tips.
If you need to sell a property after the owner has passed away, you will probably need to apply for Probate. This gives you the legal right to deal with the property of a deceased person, called a “grant of representation”. It’s important that you understand how to apply for probate to ensure things go smoothly. You need to watch out for all legal steps that must be taken. So, let’s take a closer look to try and simplify things a bit.
According to the latest figures released by the housing charity Shelter.org, the city of London has the highest number of property repossessions in the entire United Kingdom. The declining market for buyers, plus the possible negative effects of Brexit means this should come as no great surprise. If you are unfortunate enough to find yourself a victim of this process, you may be confused and frustrated. However, it’s crucial you appreciate some basic facts. Reading this article will help you understand why a document known as Court Form N244 can come in handy. If you complete it correctly and at the right time it could help you to stop (or postpone) a government-sanctioned repossession.
One of the most common online search terms in recent times is “London house prices 2016”. This is no accident since many buyers and sellers are wondering what the remainder of the year has in store. Most economists predicted a slowdown as a result of the recent Brexit vote. So what can we expect to witness during the next six months? Although nothing is set in stone, it’s a good idea to take a look at what some of the experts have to say. Then, you’ll be able to make an informed decision when the time is right.
Due to the recent economic slowdown in the United Kingdom, caused in no small part by the Brexit vote, many homeowners are concerned about whether or not they will be able to sell their property within a stagnant market. One option you could consider is a part exchange house scheme (or a PX scheme for short). These programmes allow a property owner to literally “exchange” their home and put the value towards a new property.
If you are looking for a quick property sale there are a number of factors that must fall into place. Choosing estate agents, avoiding property chains and finding the right buyer are all key concerns. You may or may not have also heard of terms known as “gazumping” and “gazundering”.
If you are unable to find the funds to purchase a new property then part exchange schemes could be the perfect solution. Also known as PX deals, these plans enable you to trade in the value of your existing home towards the purchase of a second house or property. One of the great benefits with this option is that you will not be stuck within the frustrating logistics of a property chain. Additionally, sources such as The Guardian point out that you are able to avoid hefty exchange agent fees. There are still a few things to keep in mind as well as some factors to take into account. Let’s have a closer look.