Estate agents are reporting that the fragility of property chains is one of the chief reasons that homes are taking longer to sell as many on the property ladder are unable to free up equity to make their next purchase.
When it comes to selling your property, there are a myriad of challenges that can impact on your ability to complete a quick and profitable transaction. These issues can be extremely costly, particularly when you are looking to sell quickly and recoup as much of your original investment as possible. They also help to partially explain the rise of cash buying firms such as Open Property Group, which offer numerous advantages to sellers and are willing to invest in a number of alternative property types.
While there are numerous reasons why you may want to sell your house fast or invest in real estate, there are also occasions where the nature of the property prevents you from achieving these goals. Whether this is a result of the lease type or simply a reflection of the construction methods used to build your home, some properties remain unmortgageable and this makes them extremely unappealing and impractical from a lenders’ perspective.