Information just put out from a specialist Property buying Firm suggests a perhaps momentous lift in the Housing market is under way. The Sell House Fast Company focus on buying Residential Properties at below market value from sellers who are looking for a Quick Property Sale and can afford to give up a portion of the value of their Home in order to achieve the Quick Property Sale. The Firm then goes on to purchase the Home in a timescale to suit the vendor, they are able to do this because they are cash purchasers, do not count on on banks and do not have to to sell a Home in order to buy another.

A spokesman for the Firm has remarked that there has in recent weeks been a marked improvement in the number of Residential Properties receiving offers. Normally the Firm will consider buying 30 to 40 Houses per week and whilst this number is holding up, the Firm reports that a significant number of such Property are now going to private purchasers. “Whilst this may seem to be to our disadvantage as a company, we are losing some deals we would otherwise secure, we nonetheless welcome the trend. It is in everybody’s interest that the market stabilises and unsold Residential Properties start to sell quickly. We all profit from a normally working Home market and this also applies to first time purchasers who can confidently get onto the Home ladder in the knowledge that we are unlikely to be in for any further Home value drops.”

The outlook for sellers who arewanting to sell property fast seems to be more bright than for a good few months. The key for all sellers looking to “Sell my House fast” will be pragmatic pricing, and this implies an acceptance of recent value falls. The value of most Residential Properties is now around 20% less than it was at the top of the market in the middle of 2007. Any vendor who continues to cling to the hope that his Home is worth close to the values of two years ago is doomed to a long and drawn outmarketing period, it looks unlikely that values will get back to previous levels for at least 5 years.

Owners who accept the market realities, and value at 20% below top of the market can now reasonably expect a quite Quick Home Sale. Furthermore it now seems unlikely that sellers will have to discount below that to tie up an open market sale. Finally, the apparent market bottoming out is encouraging the Home buying firms to improve the percentage they are prepared to offer. As the Sell House Fast Company spokesman said “ We need to be competitive with our offers. If values steady or start to improve we need to up our game and make higher offers if we are to complete purchases.”

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This entry was posted on Friday, August 7th, 2009 at 5:23 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.