Todd Sumamno
There’s a lot of evidence and research that says that buying and selling a home is up there with one of life’s most stressful events and we have to agree! Not only do you have all the work involved in packing and unpacking everything you own, but there is so much anxiety around whether your sale is going to go through, keeping to time schedules, and managing to get the price you want. In situations like these, Cis Home Loans can offer valuable support and options to help ease the process, providing personalized guidance to navigate the complexities of securing a mortgage and ensuring a smoother transaction.
If you don’t have great negotiation skills, can’t bear the uncertainty of long chains, or just want a quick sale, then it could be that a cash house buyer is just what you need. When you sell your house for cash, you take away one layer of stress from the process and can free up mental space for processing everything else that comes with moving house.
We’ve come up with three scenarios where selling your home for cash can be super useful. Let’s dive into each in turn and explore it a little more.
Going through a divorce or separation
There are so many feelings to manage when you’re going through a break-up, that most of the time you really just want to make as clean a break as you can, as quickly as you can.
Working with a house cash buyer in this scenario means that you can get your shared home sold quickly, often within days or weeks rather than months, and get the cash in the bank. This means that both you and your ex can move on more quickly, without the worry of a shared home hanging over you for what can sometimes be years.
When you’re facing repossession
Nobody wants to imagine themselves in a position where they could face losing their home but the reality, especially in this tough economic times when mortgage rates are high, is that it only takes something like an unexpected job loss to leave you vulnerable.
If you’re struggling with your mortgage repayments and need to take action quickly to secure your financial position, then selling your home is an option that some may consider. Selling to a cash house buyer releases capital quickly, allowing you to pay off your mortgage and either downsize, or look at rental properties.
To avoid the collapse of a chain
Buying and selling can be a precarious occupation, dependent on every link in the chain having their sale go through in a timely fashion. If you suddenly find your buyer has dropped out it can feel like the end of the world, but it needn’t mean the collapse of your whole chain.
If you can be flexible on price, you could keep the chain intact and go ahead with the purchase of your new home by selling to a cash house buyer instead. You can be sure that everyone else will thank you for it!
These are just a few scenarios where selling your home for cash can be useful. We’d love to hear about your experiences!
Brittany
