More and more people with a second home, buy-to-let or other investment property are doing the maths and deciding that their money would be better invested elsewhere for the time being. Many of them are able to switch investments quickly thanks to the growing quick house sale market.

Speed is everything in businesses – to the point that there is a saying: time is money. And it is exactly in response to this need for speed that the quick house sale market has grown up.

High interest rates translate into high mortgage payments, especially in the buy-to-let market where investors tend to pay interest-only mortgages. The flipside of the coin, though, is that high interest rates make holding cash more appealing than it has been for years. Many property investors are now eyeing saving rates with envy.

Savings rates of up to seven per cent are now common, while rental yields have fallen in many cases to negative figures – meaning property investors are relying on capital gains (ie, house price increases) for their profits.

Recent falls on the world’s stock exchanges, sparked by the banking “credit crunch”, make stocks and shares attractive investments for many property investors. They point to historic long-term growth rates of 11 per cent – compared with eight per cent in the housing market – as a reason to get out of the house sale market and into the stock market.

Many property investors are now sitting on tidy profits from their time in the housing market and can afford to take a small loss before they switch their money somewhere else. But for many more, taking any loss is bad news – and they want to get out now to maximise their profits.

That’s where the quick house sale market comes to their rescue. Property is a notoriously illiquid asset, ie, it is hard to cash in. Under normal circumstances, it can take months to sell a house – by which time the stock market might have gone up, or the juicy saving rates on offer now might have gone.

Thanks to the quick house sale market, though, property investors can sell their houses – often getting an in-principle cash offer within 24 hours. If time is money, then they’re determined to stay rich.

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 give you a cash offer in principle within 24 hours of you registering your house on njoy.co.uk.