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Archive for July, 2008

House Prices Could Fall by 9%

Tuesday, July 1st, 2008

Call it shortage of mortgage finance or speculation driven house valuation parameters, the underlying fact is almost eloquent – the house prices could fall by 9% in UK. HBOS too is quite loud and clear on its serious house valuation decline projections. Going by the credible reports, what began as a ‘might be’ analysis few months back, currently requires no special validation certifications. The housing market in UK is witnessing serious downtrend, with important indications for those thinking to search for cash home buyers in few months.

Implications for buyers and sellers

With the expected price fall in the UK housing market, buyers are finding it quite difficult to locate cheaper or rather reasonable deals. Mortgage terms are stringent, with even lesser number of mortgages available. On the other hand, for sellers, the market hints at being realistic with their demands, especially to those looking for cash home buyers. The prices are heading towards the lower edge and thus rationally, if the idea is to sell, better act before the house valuation reports further pose serious monetary connotations.

Get ready for a quicker act

With the stated in preview, the logic behind selling soon is quite explicitly established, especially when cash home buyers like Quick-House-Buyers are still offering attractive immediate cash home buyers deals. As per the offered buy terms, QHB is proposing purchase at up to 85% of house valuation, which considering the hovering estimations of 9 % house price fall, is quite decent.

Moreover, QHB’s simple to comprehend purchase clauses and ‘through the deal’ assistance, leaves little scope for re-consideration. House prices, as of now, are expected to fall, but soon these expectations might materialize, leaving space for remedial action. It is thus advised to catch up, while there still is time.

Is your property still unsold?

Tuesday, July 1st, 2008

The question clearly is the loudest signal of bad news. House prices in UK are dripping, with the worst, yet to come. There is obvious scant of fast home buyers with insidious financial obligations (owing to fall in the house equity) in store. And amidst this chaotic scenario, there is little house agents are offering to the home owners looking for UK home buyers. In fact their list of unsold property, is multiplying exponentially.

Helpless agents

House prices in UK, if haven’t clearly been on a downtrend since last few months, have definitely not posed any prospects of a stable increase; and recently of course the decline is almost confirmed. Among the various implications of such housing market price downfall, the foremost is adverse speculation, which has prompted prospective UK home buyers to wait further for the right deal and sellers to immediately begin a search for a fast home buyer.

This further resulted, in an increase in the available for sale list with home agents and a corresponding demand supply mismatch. End result, dearth of UK home buyers further pulls down the house sell offers with home agents.

But does the stated implies, merely waiting for the situation to recover or perhaps, further lowering the ‘available for sale’ price tag. Perhaps not, because there still are options, like direct house sell, which can be navigated for favourable results.

House Buying Companies

While home agents are unable to come up with practical solutions of the UK housing market, house buying companies are proffering a direct house sell deal. Many such setups like Quick-House-Buyers, acting as fast home buyers, are offering instant cash with immediate house purchase, which is certain to cope with the worsening house price scenario and associated financial clauses.