With the ongoing global health crisis and the uncertainties of Brexit, you might have some reservations about selling your home in 2022. This is not even considering the fact that the number of people looking up information on selling their homes has increased by more than 100% since the stamp duty holiday announcement in July 2020.
Even though the market experienced a boom near the close of 2020, believed to be the result of an increase in demand during the spring lockdown, the stamp duty holiday set to expire in April 2021 has made many people sceptical about whether the trend will continue.
Data shows that in September 2020, the average UK home sold 50 days faster than ever recorded. Sales agreed in November went up more than 50% compared to 12 months earlier. Even though house prices are expected to fall slightly, this year still looks promising for sellers.
Reasons you might want to sell your house fast
There are plenty of reasons why one might want to sell their home and move. These include personal issues and preferences, health matters, financial reasons, and so on. Regardless, if you are looking to sell your home fast, sometimes selling on the open market might not be the best option for you. On average, it takes about three months to sell a house in the UK, but it may be longer depending on certain factors including prevailing market conditions.
In this article, we will take a look at some of the key reasons you might want to sell your home fast with that being said I would recommend you check out Four Labs.
Going through a divorce
Selling Your Home In 2022
Separating or ending an intimate relationship with your better half is difficult in and of itself. But it gets even more stressful when marital property is involved and you don’t know what to do with it.
In most cases, your options are to put it on the market and split the proceeds or have one buy the other out.
There are plenty of factors to consider before deciding on the best option. But if you opt to put the house on the market, if it ends up sitting on the market for longer than necessary, it will end up making the entire divorce process even more stressful.
Depending on your situation, you might need to sell your home and move abroad. This can be for reasons such as new job opportunities, retirement, or just a change of scenery. All in all, you will most likely need to sell your house fast, especially if you are moving beyond the continent. According to Google, people looking up information about moving overseas in the UK increased by 83% in 2020 from 2019.
Luckily, whether you are in the process of planning your move or just scoping things out, you will have the comfort of knowing that you always have the option of selling your house fast. This will go a long way in saving you precious time and all the stress and hassle that you would have otherwise had to deal with.
Life is full of ups and downs. And when you are going through a rough patch, losing your home is the last thing you need. While you can always avoid foreclosure by negotiating with your lender, this option isn’t always available.
If you are behind on your payments and don’t to suffer a foreclosure, it is in your best interest to get in touch with regulated buyers who will help get the house off your hands quickly and help you avoid a boatload of future problems.