When it comes to selling property many of us believe people do it to upgrade on their existing property whilst few of us think it may actually be because the owner needs a quick house sale for cash. But interestingly, one of the main reasons people are selling their house is just that.
Other reasons include children’s schooling, divorce, separation and more increasingly, friends who have grouped together to buy a house and have subsequently fallen out. In these times of economic uncertainty though one of the prime factors people sell house for cash is to release equity and downsize. Whether people can afford to lose the space personally is another matter but as interest rates rise and more and more people are made redundant then the ability to repay the mortgage each month along with other household outlays, maintaining a family and a car and putting food on the plate gets harder and harder.
Of course, whilst you may have to put your house on the market for these reasons, the people that are looking around your house do not need to know this and you are well within your right to give any other valid reason you want to sell.
Unfortunately, some people find themselves in a situation where their house is run down and in need of restoration so will not easily sell on the open market. In this case, there are other options to choose and companies out there that will offer a good deal on your house.