Most of us ask the question "How do I sell my house quick despite the flat house market due to financial institutions conventional lending?"
One way of selling property most dealers don't have knowledge of is to sell your London property or home using a process referred to as "vendor finance" or "rent to buy."
Selling by means of vendor finance at a Rent to Buy strategy is a system for selling property or home which has been used in the UK since the last war, and is a popular method that pops up every time lending becomes forbidden. Vendor finance is a method that dealers can get their home sold in a fraction of the time an average property or home takes to market, by eradicating the largest problem most clients encounter when purchasing...getting a house loan. We all know from the past that property sale costs quickly increase and the rate of a property or home sale rapidly grows if finance is a snap to accomplish. Just take a look at what went down in 2007/2008 before the crash. Property prices went through the roof and house marketed like lightening when loan was very easy to get. If you had a heartbeat and might fog a mirror, you can get a home loan. Now's a fully various story.
But having learned the lesson that in case we permit buyers to buy, it will be easy for dealers to sell. And so applying this similar viewpoint to market your house means if you make it easy for the client to get and provide them vendor finance or a means they can buy without needing the financial institution, then you'll ask of "how can I market my house quick" is quickly substituted for "amazing I sold my house quick and got a much higher sale price than I expected."
So the key to marketing quickly in this sluggish property or home industry is to use vendor finance to restructure your sale, creating a repayment plan for clients to buy. In case you have a mortgage on your premises, you'll find official methods to pass down to payments of your mortgage to the buyer coming in and structure it to make sure you have full control. It's just like renting your home out, but you are selling it, and the buyer pays for everything, all the expenses of the property.
So why would you select vendor finance to sell? Here's a few reasons dealers have told us they've used vendor finance in the past
1) I have to sell my house quick as I am about to be repossessed 2) I'd like to obtain a higher sale value rather than selling the regular manner through auctions 3) I haven't been offered a high enough rate to sell my property or home 4) I am in unfavorable value and find a way of selling to go out debt free 5) I can not afford to pay for my house loan and I have been unsuccessful in selling my house any other way, so I want to sell my house quick 6) My rentals are run down and unmortgageable so I can't sell it any other way
So sometimes if you need to find a solid solution to selling your property if you have been unsuccessful using the traditional methods, vendor finance can be a great solution. The system for selling this way is becoming hugely popular again at the moment, as 2012 has seen mediocre results for estate agents using traditional selling systems.