Quick Property Sale Industry Steps In
The number of home sales is at its lowest since records began in 1978 according to the Royal Chartered Institute of Surveyors. But for homeowners in financial hardship, escalating debt and mortgage arrears, a quick property sale scheme could be the only way to secure a buyer fast – ensuring they stop the risk of home repossession. Mortgage lenders have added to the buyer/seller bottleneck after withdrawing competitive mortgage deals and reducing the availability of new credit. So even when property prices fall and create a buyer’s market, buyers are still far and few between. Up to 123 houses a day could be repossessed throughout 2008. Being in a position where you are unable to sell your real property but you can’t meet the increased costs of your mortgage is destined to leave financial meltdown on the horizon. The quick property sale industry have stepped in to fill this need in the housing market.
Tags: chartered institute of surveyors, financial meltdown, institute of surveyors, mortgage arrears, royal chartered institute of surveyors