|
More homeowners are turning to the quick house sale market because they simply can’t afford their mortgages, and now the news that renting is cheaper is prompting more homeowners to opt for a fast house sale.
For years we’ve been told that owning a home is a golden ticket. Home ownership is a way to make money simply by sitting and watching house prices go through the roof. But all that is changing, and now financial advisors are warning homeowners not to expect their homes to be the nest egg they hoped for. Owning a home takes five times an average person’s salary now, and as a result, it’s impossible to stay financially afloat. More homeowners then are opting for a quick house sale.
Quick House Sale Market Grows as Renting is Cheaper
Many homeowners who have had to opt for the quick house sale market are now turning to renting. Why? A quick house sale can stop house repossession, pay off unmanageable debts or help homeowners avoid the hike in interest rates on their monthly outgoings. News reports say house prices are dropping and the over-inflated property prices mean many homeowners over-spent to get on the property market. Their homes aren’t paying back what they expected as the economy is suffering in a global credit crunch.
Renting is Cheaper – It’s Official
The BBC recently reported on the fact that the high cost of home ownership that leads many homeowners into the quick house sale market to save their homes from repossession, is now being realised. A report has been released that reveals that renting is in fact generally cheaper than buying. A major market analyst group found that private rents in 2006 were two-thirds the cost of a 100% mortgage on a two or three bedroom home.
Quick House Sale Market Booming a More Rent
For years, people have been encouraged to buy a home despite in some cases being unable to afford one. Over borrowing means many slipped into debt and were forced to turn to the quick house sale market. It was thought that no matter how expensive, it made financial sense to invest in property. But the fact that it is cheaper to rent turns all that on its head. The news must encourage many homeowners to opt for a fast house sale. Turning to the quick house sale market means they can release equity, rent for a cheaper price, solve their debt problems and have a better lifestyle as they will have more disposable income to hand.
njoy.co.uk is a dedicated website that can help get you the best price for your property from committed cash buyers in your area. We aim to have you a cash offer in principal for your house within 24hrs of you registering your house on njoy.co.uk.
Many of our registered investors can offer you a 'sell and rent back' option, where they will buy your house for an agreed price, and allow you to stay in your property as a tenant. This may enable you to pay off all your debts in one easy stroke by releasing the equity tied up in your home. If you wish to discuss the process then we would be delighted to talk to you at your convenience, our customer service team can always be contacted either by telephone 0845 337 0038 or alternatively you can email your query to: info@njoy.co.uk
|
