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  • Sell My House Quickly – How do I do it?

    Reason’s to sell your house quickly

    There are many reasons why a UK resident would look for a quick fix of cash and opt to sell their property quickly.

    The first, and probably most popular is the fact that it helps when the homeowner is struggling with financial difficulties, and need to relinquish their home in order to find a new cheaper place and to pay back some of their debt. Others want to generate the cash so that they can embark upon a life long ambition, such as starting a business or travelling the world for a year or two.

    With the housing market being in such a fragile state, many will want to sell up now rather than gamble on whether house prices will drop any further. Some people opt to move abroad to start a refreshing new lifestyle or have been relocated because of their job, while others may have just inherited a property which they have no plans to keep.

    If you are a landlord you may be having problems with trouble making tenants, and will just be wondering is it all really worth this hassle?

    What can I do to increase my chances of selling my home quickly?

    There’s no point in denying it, the current financial climate is making it difficult to get a fair price for your home. A lack of demand and a low level of supply meant that the UK residential property market remained "sluggish" during January 2011, with demand for homes falling by seven per cent in January compared to the previous month.

    However, this cannot deter you if you need to sell your home quickly. You have to remember that there is demand out there, and you need to do your best to raise awareness of your listing and make your property appealing.

    Estate Agents are often not the way to go, as they tend to make the process of selling a property a long and drawn out process whilst they valuate the property, and then seek suitable buyers. Quick and effective ways that many will first look to are cash property buyers, like The London Property Buyers who can quickly meet your needs by offering you a personal quick sale service.

    Make your home appealing

    Follow a few simple golden rules to make your house appealing, and to get the value that your property deserves. Make sure your house is clean, and de-clutter of any unnecessary objects that are scattered around the house. Make sure that you fix anything which is broken and have a go at painting the property with a neutral colour that will attract all. Finally depersonalise your household and brighten the place up so that potential buyers can envision their own lifestyle in your property.

  • Stop Repossession – UK Home Repossessions begin to fall

    Last week, the Council of Mortgage Lenders (CML) reported figures that the number of homes being reposed last year in the UK had dropped by around 24% to 36,300, resulting in a fifth quarterly fall in a row. The number of people in arrears by 2.5% or more of their outstanding loans also decreased last year, by 13% to 169,600. The CML also stated that the drop was anticipated by the trade association, and it stuck to its full-year forecast of 40,000 repossessions in 2011.

    Reasons attributed to the positive news include the fact that continued low level interest rates has helped many homeowners who were previously struggling with financial difficulties. However, homeowners are warned that this is a temporary trend and they expect repossessions to rise again over the coming months if the Bank of England raises interest rates.

    "As we go through 2011, the number of people facing payment pressures may increase if interest rates rise, and as a result of the spending cuts that have resulted in reductions in the level of public support available" said the CML's director general Michael Coogan.

    As the rate of inflation rises, many have to endure pay freezes and unemployment is expected to grow as a consequence of the governments national spending cuts, which will also test the resilience mortgage holders. Now the next quarterly review will be eagerly anticipated to see if the recovery of the UK economy is improving.