Sell My House Fast

People are moving away from estate agents in search of a faster way to sell their houses in the UK, according to a survey carried out by Alliance and Leicester.

Alliance and Leicester found private sellers make a sale in an average of less than 2 months, compared to much longer periods for those who use more traditional method - often at least year.

An Alliance and Liecester spokesperson said “Using an Estate Agent to sell your home is generally viewed as part and parcel of the moving process, but the research suggests that DIY methods, to sell a home, are becoming more popular.”

Advertising privately is a popular option with people placing ads in local newspapers, creating their own sales boards or using Web based property sites. Some people are even using online auction sites like ebay.

Generally the quickest and easiest solution is to sell your house for cash to a private investor via a quick house sale company - who can frequently buy within just a few weeks, sometimes days, thus removing the barrier of long buyer chains and hoards of viewers trampling through your house.

Some quick house sale companies will cover your legal fees and provide a free valuation. The good ones will also offer sellers the option of renting back their properties, which greatly benefits people who don’t want to move but find themselves facing repossession. On occasion there will also be a ‘buy back’ option allowing sellers to buy back their home when they are in a better financial position.

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In life, we all have to deal with emergencies and crises, and more often than not, we might find that we are in a situation where a substantial sum of money is required. In this case, there are several different options open to us, but one that is becoming more and more common to people in the UK is the concept of selling their home and then renting it back. What is this system and why is it becoming so prevalent in the real estate landscape? Take a look below to get a good grasp on this phenomenon and what it can do for you.

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sell your house and rent it back

i want to sell my house and rent it back what is it worth would i get at least 72000 for it what would the rent be in the area

The question was answered by :
The Saint :
There's some that wouldn't give 72K for the whole of Hull, let alone your house.

financial probs mortgage to high

The best answer is by :
jacg :
As a general rule, I would say don't do this. You are on the so-called mortgage ladder now and if you get off, who knows if/when you will be able to get back on. Also, what would happen to the property if you fell behind in rent? Is your tenancy agreement indefinite? Will you be forced to move out at some stage in the future?

Can you see if you can change your mortgage to a different provider, one where there is a fixed interest rate? This could lower your payments.

Have you thought about trimming off any extra payments you may be making - any unnecessary life insurance, accident insurance, income protection cover, transferring your car insurance to a cheaper company, paying your utilities by direct debit, getting a cable/landline/broadband all-in-one deal? These could save you enough money to put towards the mortgage.

Can you move to a smaller house or out of the area a bit to a cheaper location?

Can you perhaps rent a room out in your house? Or do some overtime? Or get a temporary part-time job? Ask other family members to contribute to the household income (sorry, I don't know your circumstances).

If you have credit card debt, can you swap them to a no interest deal to reduce your monthly repayments?

There are a number of things you could do but I don't think I would say selling your hard earned house and then renting it back is a good idea in the long term.

financial probs mortgage to high

The answer is provided by :
jacg :
As a general rule, I would say don't do this. You are on the so-called mortgage ladder now and if you get off, who knows if/when you will be able to get back on. Also, what would happen to the property if you fell behind in rent? Is your tenancy agreement indefinite? Will you be forced to move out at some stage in the future?

Can you see if you can change your mortgage to a different provider, one where there is a fixed interest rate? This could lower your payments.

Have you thought about trimming off any extra payments you may be making - any unnecessary life insurance, accident insurance, income protection cover, transferring your car insurance to a cheaper company, paying your utilities by direct debit, getting a cable/landline/broadband all-in-one deal? These could save you enough money to put towards the mortgage.

Can you move to a smaller house or out of the area a bit to a cheaper location?

Can you perhaps rent a room out in your house? Or do some overtime? Or get a temporary part-time job? Ask other family members to contribute to the household income (sorry, I don't know your circumstances).

If you have credit card debt, can you swap them to a no interest deal to reduce your monthly repayments?

There are a number of things you could do but I don't think I would say selling your hard earned house and then renting it back is a good idea in the long term.