Can You Sell Your House to Stop Repossession?

Can You Sell Your House to Stop Repossession?

Opting to Sell Your House to Stop Repossession to a cash buyer, and move on with your life, can be a fast solution to debt problems and mortgage arrears. However cash buyers are using their own money to buy properties and they need to make a return on that money. This means you will not get 100% of your home’s market value.

By selling your home quickly you can avoid repossession. Simply having someone to make an offer on your home is not enough, you must exchange contracts with your buyer in order to Sell Your House to Stop Repossession and stop a repossession order or a bailiff’s warrant.

Cash buyers will usually pay between 70-85% of your home’s market value. Other solutions may be available depending on your circumstances.

Sell Your House to Stop Repossession Tips

  • The true market value is based on actual sold prices not on estate agents’ guide prices
  • You will get more money selling via an estage agent but this can take time you may not have
  • A good cash property buyer should be able to exchange contracts within days
  • Because your cash buyer is getting a discount, they are very unlikely to pull out unlike a normal buyer

What Are My Options to Sell Your House to Stop Repossession?

Your options, if you have time, are to Sell Your House to Stop Repossession via an estage agent. This means you will have to pay your own legal fees as well as estate agents’ fees – approx £3-5,000 on a typical UK home.

You Can Sell Your House to Stop Repossession Now

By any of the lenders listed below – Act now – Click Here

How to fill in Form N244