selling property Archives - Barry Home Buyers

29/01/2016 By property

Sell my home faster

. Many people find themselves with their home on the market for months at a time before any interest at all. Then when something seems promising it often doesn’t transpire. This makes you feel downhearted and anxious. However in many cases, it is simple things that can prevent you from getting a quick house sale or even managing to get prospective buyers through the door to view your home. From décor to the environment or outstanding repairs, there are many things can easily put buyers off and delay a quick sale of your home.

Evaluating your home and making changes to make your property more attractive, can be the difference between your property remaining on the market for months or achieving your full asking price. This allows you to move forward and potentially make a profit. Depending on your reasons for selling your home, it may seem pointless spending money on repairs or making your home look attractive to buyers as you’re leaving anyway. You could of course choose to sell your home as it is; but this is likely to take much longer and result in much less monetary value. You can first contact your local estate agents: mainly, to find out what the maximum potential value is of your home. The value will give you an idea of what you could achieve.

It is needless to spend thousands of pounds on your property and start building extensions. However, you can certainly make a huge difference with a relatively little effort. Begin by ensuring the exterior is inviting. That is, grass and shrubs are tidy, paintwork is fresh and windows are clean. Never turn up a property that is overgrown with the curtains drawn. It’s all about opening up your home and making it bright and welcoming. When it comes to the interior of your home, make sure small repairs are done, it is clean and tidy. Consider giving everywhere a lick of paint, and remove any clutter or excess furniture which will help to open up your home and make it appear spacious and inviting. Moreover, think about when to put your home on the market as certain times of the year are better than others. Often selling a property in spring happens faster than during winter. When you do get viewings booked, ensure the property is free of pets, there are no odd smells and everything is clean and tidy. It is also a good idea to get advice from friends or neighbours who can help point out anything that can be done to improve the appeal of your home. Before you know it you will have offers pouring in!

26/01/2016 By property

Handling empty homes

Being in charge of empty homes could be challenging. At times it costs thousands of pounds in repair bills; need a keep up with energy and utility bills, mortgage payments and much more. Occasionally, a property can remain empty for lengthy periods of time, owing to a number of reasons. Landlords may be struggling to find tenants, a property owner may have passed away or perhaps a property is in a bad state of repair and is too dangerous for anybody to reside in it unless major work is carried out to restore it. Whatever the reasons are, it is a good idea to try and bring it back to its original state particularly as there is such a housing shortage within the UK. So whether you look to invest in developing the property or aim to get a quick house sale, it is important to deal with your empty property as soon as possible to avoid further on-going costs.

Firstly, you will need to investigate the problems the property may have. Whether you are aware of existing problems or you have just inherited a property, a home survey is a good start which can help to identify any underlying issues that need resolving. This is a good idea whether you choose to live in the property yourself, rent it out or put your home on the market. If you are on a tight budget, there may be help you can get from government schemes as well as asking friends to help with general maintenance. If you own the property outright, it may be worth considering getting a re-mortgage to help pay for any major repairs, which in the long run may help to avoid making a loss due to the state of the property. Otherwise you could opt to get a secured loan, or enlist volunteers to help with heavier work. If you are unsure or need advice, you can contact your local council or speak with an independent property or financial advisor who can help advise you with regards to budgeting or any help that may be available to you. While your property is empty you may be entitled to a discount on your council tax, so it is also worth checking as this could be economical.

Once your property is in a good state of repair you can then opt to rent it out which can help to recover some of the cost of repairs through rental income or put your home on the market. You could also consider marketing the property yourself in order to get a fast house sale which could also help to avoid fees from estate agents. However if you feel you are unable to carry out any repairs at all, you can still opt to sell the property in the state it is in. You may obviously make less money but you can then invest that money into a savings scheme and begin earning interest on it rather than having your property stood empty for any length of time. Often, you could sell property quick within a matter of weeks.

22/01/2016 By property

Primary Steps to Sort out Repossession

With the recent adjustments in house pricing and the economy, many people have been faced with the possibility of repossession in the last few years. This owes to the inability to keep up repayments on property mortgage. With the rising cost of energy bills and many people struggling with increased mortgage payments, it has resorted to many homeowners falling behind with their mortgage payments. If you find yourself in this position, the mortgage companies will try and come to alternative arrangements before resorting to repossession but this doesn’t make the situation any easier as it can be incredibly stressful and cause many problems in other aspects of your life.

When facing financial problems, it is important to communicate with your mortgage lender immediately. Early communication and making them aware of your situation can help to avert a possibility of losing your home, through reaching a payment agreement. Several factors can lead to financial problems other than house prices or changes in the economy. The two main factors among them, being a broken up relationship or loss of a job leading to repossession. A sudden change of some factors can mean that what was once manageable suddenly becomes unaffordable.

When people take out their first mortgage, they often tend to opt for a fixed rate deal within a limited span of time. The deal serves as security for a short time span. However, once it has elapsed you will find yourself faced with a large rise in the monthly mortgage payment, specifically if the base rate increases. Luckily, this isn’t a problem lately as Standard Variable Rates have seen a continuous reduction due to the drop in the Bank of England base rate.

There are varied options to try when avoiding repossession or at least avoiding the various negative consequences of repossession. This can be done through re-mortgaging or even considering a quick house sale which will allow you to sell your home quickly and possibly downsize to save money. You can communicate to your bank or mortgage lender about deals on re-mortgaging or other options that may be available to you. You will be expected to provide financial details in order to help negotiate repayments. If you cannot come to terms with your mortgage provider or they refuse any offers you have put forward, you will be in a better position legally as long as you proof a communicated urge to effectively resolve the situation while in court.

Lastly, it is also important to get professional advice. There are lots of companies such as Citizens Advice or National Debt line that offer free information and advice for anyone struggling financially or on the verge of losing their home. Nevertheless, you can as well speak to a solicitor who can help to iron out a repayment plan or settlement as well as help negotiate with your bank or mortgage provider. You will have to incur some legal fees involved with instructing a solicitor to help however.

08/12/2015 By property

Sell My Property Portfolio, some options

So you think to yourself i’ll sell my property portfolio but you don’t know where to start then you’ve come to the right place. Selling your property portfolio can be tough if you speak to the wrong people, but here at Barry Home Buyers we have the experts to help you professionally and effectively.

The first thing you need to do is decide if you want to sell all of the properties within your property portfolio and how quickly you want to sell your property portfolio. It is important you also understand all the options involved when considering selling your property portfolio. download

If you have existing tenants in your properties this may affect the success o
f the sale of your property portfolio, dependent on the tenants situation and the relationship and agreement you have with them. Dependent on who you are selling your property portfolio too will mean you have to think about if you want to sell the property portfolio with or without tenants; other landlords for example will be interested in purchasing a prop
erty portfolio that already has tenants in the properties.

Landlords will be happy to consider purchasing your property portfolio as a way to build on and expand their own portfolio and if the properties have tenants already it means the landlord will save time and make more money as he or she will no need to find tenants quickly. If you are looking at selling your property portfolio to landlord images (5) s they may require multiple visits to the property so you need to make sure your tenants are onboard to allow easy access to the property.

Property Investors, like us, may also be interested in purchasing your property portfolio; property investors will be able to complete the purchase quickly for you and you won’t need to disturb your tenants with continuous viewings. The property investor will also take on the responsibility of the tenant so you won’t need to worry about getting vacant possession of the property.

If you are looking for a quick, easy and stress-free solution to selling your property portfolio then we could be the answer to your prayers. We offer cash purchase for a speedy sale with minimal hassle and no delays.

Why not call our team of experienced property investors and see how we can help you to sell your property portfolio with minimal stress and a great outcome?

20/01/2015 By property

The Benefits of a Quick Property Sale in Barry

For most of us buying and selling a house is the biggest property transaction we\’ll ever make in our lives. That\’s a pretty scary thought â€“ especially when you\’re on the cusp of making a decision either way.

But the process of a Quick property Sale isn\’t cut and dried – to the extent there are no hard and fast rules to follow. There are as many individual reasons for selling as there are online estate agents.

For instance, when it comes to selling you have to take such issues as time frames into account, as well as financial aspects and, of course, whether there are other personal interests at stake in the investment too.

As a company which buys properties outright, our team has encountered just about every reason there is for a house owner looking to sell their property quickly and without any fuss. Here are some of the main ones:

Reasons to seek out a quick property sale

New job. Whether moving half way across the country or setting out for a new life abroad, your new life won\’t really start until you get settled in your new location. And this usually means buying a house and making it your own. In order to do this selling your current home is a necessity. But it\’s not just for financial reasons that you may be keen to rid of your existing home. Often it’s only once their home is sold that individuals feel they can finally shrug off their old existence and move on with their new life.

Divorce or separation. It\’s a sad fact of modern life that couples split more often today than they did in our parents or grandparents generation. Messy divorces often involve financial settlements and that\’s where a quick sale often comes in. Not only does this make legal proceedings clearer, but once the marital home is sold it’s only then the parties feel they can finally put a line under their relationship and move on.

Financial difficulties. The recent recession with all the job cuts it entailed resulted in thousands of individuals having to sell their homes quickly – thanks to mounting financial debts. In many cases people found it was better to cut their losses than continue to build up increasing debt. As a result many were willing to sell their property for below market value. This way it would free up financial capital and, at the same time, guarantee a quick sale. In addition there would be no estate agencies fees to worry about.

Avoidance of a property chain. We\’ve all seen those endless repeats of Location, Location, Location and other tv property shows where the deal on a couples dream home falls through simply because another family in the property chain were let down at the last minute. Property chains are notorious for collapsing like this and, as a result, most vendors prefer to sell to someone who isn\’t tied to a chain (even if it means reducing their price a little). It makes sense for someone who has fallen in love with a property to sell their own quickly and below market value. This will ensure they are a much more appealing sales prospect to the vendors and far likely to clinch the deal.

If you\’re looking to sell your home quickly then do get in touch with us here at barryhomebuyers.co.uk for a no-obligation chat. We\’d be happy to explain a number of options and help guide you through the property private sales process